About Modern Manufacturing Execution System
Modern Manufacturing Execution System (MES) is a software-based solution used in monitoring and controlling production processors. The MES is manufacturing operation management, an MES serves as a bridge between the planning and control systems of an enterprise, such as an enterprise resource planning (ERP) system, and the actual manufacturing operations. modern MES systems are essential tools for manufacturers who want to optimize their production processes, improve quality, and reduce costs. They play a key role in the concept of smart factories where everything is interconnected, and data driven. The primary purpose of an MES is to track and document the transformation of raw materials into finished products in real-time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Modern Manufacturing Execution Systems is increasing with each passing day. The businesses in this industry face major competition at a global scale with leading players in the market. Many international as well as regional service providers are also participants in the industry and directly compete with leaders. It has been identified that market-leading players are investing heavily in growth strategies such as technological development, and resource utilization to enhance their market position. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Modern Manufacturing Execution System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Epicor Software Corporation (United States), Accenture (Ireland), Aspen Technology, Inc. (United States), Honeywell International Inc. (United States), SAP (Germany), Schneider Electric (France), AVEVA Group Limited (United Kingdom), Emerson Electric Co. (United States) and Yokogawa India Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Siemens (Germany), Birlasoft (India), Fujitsu (Japan), Tulip Interfaces, Inc. (United States) and 3YOURMIND GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Modern Manufacturing Execution System market by and Region.
On the basis of geography, the market of Modern Manufacturing Execution System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Offering, the sub-segment i.e. Software will boost the Modern Manufacturing Execution System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Modern Manufacturing Execution System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food & Beverage will boost the Modern Manufacturing Execution System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The integration of MES systems with the industrial Internet of Things
Market Growth Drivers:
Rising Complexity of Manufacturing Processes and Increasing Adoption of Cloud-Based Solutions
Challenges:
Procurement and implementation can be complex and time-consuming.
Restraints:
Data security and protecting software
Opportunities:
Developing the Artificial Intelligence (AI) & Machine Learning (ML) in software and Enhanced user interfaces and visualization
Market Leaders and their expansionary development strategies
In June 2022, Epicor acquired eFlex Systems, the acquisition expands the Epicor portfolio of MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility.
In February 2023, AVEVA Group PLC launched a new version of the manufacturing execution system software to support data center deployments. The latest version of the AVEVA Manufacturing Execution System (MES) will help standardize and introduce best practices more quickly and at scale which in turn will improve operational efficiency and sustainability.
Key Target Audience
Manufacturing Companies, Potential Investors, Market Research & Consultancy Firm, Government & Regulatory Bodies, Research & Development and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.