The use of manufacturing execution systems is expected to increase

The use of manufacturing execution systems is expected to increase

The global manufacturing execution systems market is expected to grow from $11.85 billion in 2021 to $13.18 billion in 2022 and to reach $20.3 billion in 2026, growing at a compound annual growth rate ( CAGR) of 11.23%.

Advanced technologies, increasing demand for mass production, and a connected supply chain that can serve a growing population are all expected to drive the manufacturing execution system (MES) market.

For example, according to the study published in the United Nations Industrial Development Organization, in the fourth quarter of 2021, global manufacturing production observed an annual growth of 3.3%, after an increase of 5.8% and 17 .8% in the third and second quarters respectively. . Additionally, according to the study conducted by PwC, a global Industry 4.0 survey, it was reported that the implementation of manufacturing execution systems in production lines contributed to a 30% increase productivity and increased return on investment through 3% cost savings and 3% additional revenue. %. Hence, mass production and a connected supply chain are expected to drive the manufacturing execution systems market.

Technological innovations are a key trend that is gaining popularity in the manufacturing execution system market. Companies offering MES software develop innovative products with advanced technologies to meet the growing demand of end customers and strengthen their market position. For example, in July 2019, iTAC Software AG, a German provider of Internet-based information technology and communication systems for the manufacturing industry, released iTAC.MES.Suite 9.20.00, which enables planning and advanced planning of orders and control and automation of the production process.

In September 2021, Honeywell acquired Performix Inc. for an undisclosed amount. With this acquisition, Honeywell’s strategy is to build the world’s best integrated software platform for life science industry customers with the inherent potential to achieve faster compliance, improved reliability and a higher throughput while maintaining the highest quality levels. Performix Inc. is a Houston-based company that provides MES software for the pharmaceutical and biotechnology industries.

Asia-Pacific was the largest region in the Manufacturing Execution Systems Market in 2021. Regions covered in the Manufacturing Execution Systems Market report are Asia-Pacific, Europe Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. The countries covered in the Manufacturing Execution System market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.

Major Players of Manufacturing Execution Systems Market are ABB Ltd., AVEVA plc, Dassault Systemes, Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, SAP SE, General Electric Company, Oracle Corporation, Emerson Electric Co., Werum IT Solutions GmbH, Accenture, Andea Solutions, Schneider Electric SE, HCL Technologies and SAP AG.

MES software refers to a specialized class of production-oriented software designed to manage, monitor and synchronize the execution of real-time physical processes involved in the conversion of raw materials into finished products. They are deployed through on-premises, on-demand, and hybrid delivery models. These systems are used in small, medium and large enterprises in industries ranging from food and beverage, oil and gas, chemicals, pulp and paper, pharmaceuticals and life sciences. , energy and power, water and wastewater treatment and other industries.

The Global Manufacturing Execution Systems Market Report 2022 is part of a series of new reports that provide statistics on the Manufacturing Execution Systems market, including the size of the global manufacturing Manufacturing Execution Systems industry, regional shares, competitors holding Manufacturing Execution Systems market share, detailed Manufacturing Execution Systems market segments. , market trends, and opportunities, and any other data you may need to thrive in the Manufacturing Execution Systems industry.

Did you enjoy this great article?

Check out our free e-newsletters to read other interesting articles.