Market overview
The modern manufacturing execution systems industry is estimated to grow at a CAGR of 13.2% during the forecast period 2020-2030. Modern Manufacturing Execution Systems Market research report includes comprehensive information on demand, growth, opportunities, challenges, and constraints. Low installed cost is estimated to be a significant factor driving the global modern manufacturing execution systems market in 2020. Regulatory compliance has always been strict, which drives the market. In addition, manufacturing companies are adopting the latest automation technologies for efficient operational processes. It will provide market opportunities for manufacturing execution system providers. Furthermore, the increase in industrial automation is affecting the market. Also, factories incorporate the latest automation technology, which may escalate the market. However, the expense and high investment requirements involved in maintaining the system are likely to hinder the market growth during the forecast period.
The outbreak of COVID-19 is likely to change market dynamics in several regions. Some markets were significantly impacted due to the observed nationwide lockdowns in various countries.
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Report overview
The report of the Modern Manufacturing Execution System (mes) market is outlined below:
- Market overview
- New Coronavirus Analysis
- Market dynamics
- Value Chain Analysis
- market division
- Regional market segmentation
- competition analysis
- Recent developments by key actors
market division
The global Modern Manufacturing Execution Systems market can be segregated based on deployment, component, discrete industry, and region.
On the basis of deployment, the global modern manufacturing execution systems market can be segmented into hybrid, cloud, and on-premise.
Based on components, the global modern manufacturing execution systems market can be divided into software (enterprise resource planning (ERP), warehouse management, and product lifecycle management (PLM)) and services (consulting and development, training and support, and integration services).
Based on discrete industries, the global modern manufacturing execution systems market share can be segmented into automotive, electronics, medical, aerospace & defense, FMCG, and others.
By region, the global modern manufacturing execution systems market can be segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The main participants
- ABB Ltd. (Switzerland)
- Tebis Technische Informations syteme AG (US)
- AG (Germany)
- Weilong IT Solutions GmbH (Germany)
- Dassault Systèmes (France)
- Rockwell Automation (USA)
- Honeywell International Inc. (USA)
- Emerson Electric Company (USA)
- General Electric Company (USA)
- Siemens AG (Germany)
- Andea Solutions (Sweden)
- Oracle Corporation (English)
- Siemens AG (Germany)
- Samsung Group Corporation (South Korea)
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Regional Analysis
Geographical assessments have been undertaken for North America, Europe, Asia Pacific and Rest of World (RoW). According to an analysis by MRFR, North America is estimated to dominate the global market. This region is likely to gain the largest market share during the forecast period. The government has taken several initiatives to encourage the use of Industry 4.0, which is likely to boost the market growth. Surging demand for food and beverages, water and wastewater treatment, and power industries has led to the growth of the modern execution systems market in North America. The study noted that Europe is estimated to gain the second largest market. Rapid adoption of IoT and industrial automation is driving the growth of the modern manufacturing execution systems market. In addition, there are several established companies in the region that also add to the regional market.
On the other hand, Asia Pacific is expected to grow at the highest CAGR during the forecast period. The main reason driving the market is the increase in the number of manufacturing plants in the automotive power and pharmaceutical industries, where the systems are in high demand. In addition, companies in the region are investing heavily in R&D in Industrial IoT and cloud technologies, thereby driving the market expansion.
MRFR Trend Report ***
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