Manufacturing Execution System Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Manufacturing execution system refers to comprehensive dynamic software designed to monitor, track, and document and control the process of manufacturing from raw material to end product. It acts as a functional layer between ERP (enterprise resource planning) and process control systems, by offering data to decision-makers to establish efficient and optimized production activities.

Sizing and Forecast
The manufacturing execution system market size has grown rapidly in recent years. It will grow from $14.25 billion in 2023 to $15.81 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for operational efficiency, compliance and quality management, lean manufacturing practices, quality control and traceability, workforce productivity enhancement..

The manufacturing execution system market size is expected to see rapid growth in the next few years. It will grow to $24.52 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to advanced analytics and predictive maintenance, supply chain resilience, energy efficiency optimization, paperless manufacturing operations, regulatory compliance and reporting, supply chain integration and visibility.. Major trends in the forecast period include integration with industry 4.0 and smart manufacturing, cloud-based mes solutions, real-time data analytics and reporting, focus on cybersecurity,collaboration with erp systems, ai-driven process optimization, digital twin integration. .

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Segmentation & Regional Insights
The manufacturing execution system market covered in this report is segmented –

1) By Offering: Software, Services
2) By Deployment: On-premise, On-demand, Hybrid
3) By Organization Size: Small and Medium Size Enterprise, Large Enterprise
4) By Process Industry: Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Pharmaceutical & Life Sciences, Energy & Power, Water & Wastewater Management, Other Process Industries

Asia-Pacific was the largest region in the manufacturing execution system market in 2023. The regions covered in the manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increase in demand for mass production and a connected supply chain to cater to the growing population is expected to drive the manufacturing execution system market. The companies are increasingly investing in advanced software and AI-based systems to meet the fast-growing demand for mass production activities and connected supply chains. For instance, according to the study published by the United Nations Industrial Development Organization, in Q4 of 2021, global manufacturing production observed a year-on-year growth of 3.3%, following an increase of 5.8% and 17.8% in Q3 and Q2 respectively. Additionally, according to the study conducted by PwC, a Global Industry 4.0 Survey, it was reported that implementation of manufacturing execution systems in production lines contributed to a 30% increase in productivity and increased ROI from cost savings of 3% and additional revenue of 3%. Therefore, mass production and a connected supply chain are expected to boost the manufacturing execution system industry.

Key Industry Players
Major companies operating in the manufacturing execution system market report are ABB Ltd.,AVEVA Group plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation Inc.,Siemens AG,Schneider Electric SE,Dassault Systèmes,Emerson Electric Co.,General Electric Company,Honeywell International Inc.,Werum IT Solutions,Parsec Automation Corp.,PTC Inc.,Yokogawa Electric Corporation,SAP SE,Schneider Electric SE,Lighthouse Systems,Critical Manufacturing,Cogiscan Inc.,Andea Solutions,Plex Systems Inc.,Sanmina Corporation,Applied Materials Inc.,L&T Technology Services,ATS Global B. V.,MPDV Mikrolab GmbH,CIMON Inc.,Prolink Technologies,Aegis Industrial Software Corporation

The manufacturing execution system market report table of contents includes:

1. Executive Summary

2. Manufacturing Execution System Market Characteristics

3. Manufacturing Execution System Market Trends And Strategies

4. Manufacturing Execution System Market – Macro Economic Scenario

5. Global Manufacturing Execution System Market Size and Growth
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31. Global Manufacturing Execution System Market Competitive Benchmarking

32. Global Manufacturing Execution System Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Manufacturing Execution System Market

34. Manufacturing Execution System Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

ABB Ltd

,AVEVA Group plc

Honeywell International Inc

Rockwell Automation Inc

Siemens AG,Schneider

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