Manufacturing Execution Systems Market to Witness Significant Development by 2031

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Manufacturing Execution System (MES) Market

The manufacturing execution system market is expected to reach the value of US$31.17 billion with a CAGR of 9.4% by the end of 2031

WILMINGTON, DELAWARE, USA, June 20, 2022 /EINPresswire.com/ — Transparency Market Research provides key insights into the global market Manufacturing Execution System (MES) Market. In terms of revenue, the global Manufacturing Execution System (MES) market is expected to grow at a CAGR of 9.4% during the forecast period, driven by numerous factors, about which TMR offers insights and in-depth forecasts in its Global Manufacturing Execution Report. system market (MES).

The primary role of manufacturing execution systems is to increase the productivity and processing capabilities of the manufacturing process. The growing industrial sector and the strong need to optimize manufacturing processes have expanded the use of manufacturing execution systems. Growing penetration of IIoT in various industries promoting automation is expected to drive the manufacturing execution system (MES) market.

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Manufacturing Execution System (MES) Market: Dynamics

Manufacturing and automotive companies are increasing production efficiency by setting up new production plants based on smart factory solutions. Companies are changing their business policies by adopting advanced smart manufacturing technologies and connected production systems instead of traditional production methods. A manufacturing execution system is an information system that tracks and monitors the production of manufactured goods in the factory. The main purpose of a manufacturing execution system is to keep manufacturing operations running smoothly and improve production efficiency.

The Manufacturing Execution System helps collect and track accurate, real-time data on complete production runs. MES solutions help companies with real-time supply chain optimization, smart energy consumption, and remote monitoring and control of various production processes. MES solution providers offer connected industrial solutions that integrate with existing system infrastructure to reduce excessive infrastructure costs for new technologies. Hence, increasing consumer spending on digitalization and advanced smart factory solutions is expected to drive the demand for manufacturing execution systems during the forecast period. Rising demand for next-generation MES presents new opportunities for market players. This is expected to fuel the manufacturing execution systems (MES) market.

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Manufacturing Execution System (MES) Market: Major Regions

North America is estimated to hold a major share of the global Manufacturing Execution Systems (MES) market by the end of 2021. This can be attributed to an increase in the rate of cloud adoption and the on-site deployment among end users. The United States holds the maximum Manufacturing Execution System (MES) market share in the region.

The Asia-Pacific Manufacturing Execution System (MES) Market is expected to grow at a rapid rate over the forecast period, owing to the cumulative usage of IIoT and Big Data by the industries of end use. A growing number of manufacturing companies in India and China are looking for enhanced support solutions to deliver better customer experiences, which is expected to create lucrative opportunities for the Manufacturing Execution Systems (MES) market. Asia-Pacific has emerging economies that focus on improving digital business. This is expected to fuel the growth of the Manufacturing Execution Systems (MES) market.

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Manufacturing Execution System (MES) Market: Key Players

The major players operating in the global Manufacturing Execution System (MES) market are ABB Ltd., AVEVA Group plc, Dassault Systèmes, Design Systems, Inc., Emerson Electric Co., GE DIGITAL, Honeywell International Inc., iBASEt, iTAC Software AG, Körber AG., Oracle Corporation, Parsec Automation Corp, Rockwell Automation, Inc., SAP SE and Siemens AG.

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