What is Manufacturing Execution System Market?
Manufacturing Execution System controls complex systems to improve efficiency. It gathers the data from order release to product delivery such as performance, traceability, material management and work in progress and provides information at a single source. With the use of MES with implementation of ERP, the enterprise gains high competitiveness. Additionally, it tracks the product quality and materials. The increasing automobile and other manufacturing industry is fueling the growth of the market
The market study is being classified by Type (Software and Services (consulting, integration and maintenance)), by Application (Electronic Products, Chemicals, Pharmaceuticals, Plastic and Other) and major geographies with country level break-up.
ABB (Switzerland), Honeywell International (United States), Rockwell Automation (United States), Schneider Electric (France), Siemens (Germany), Dassault Systems (France), Emerson Electric (United States), General Electric (United States), SAP (Germany), Andea Solutions (Poland) and Werum It Solutions (Germany) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Manufacturing Execution System market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Manufacturing Execution System market by Type, Application and Region.
On the basis of geography, the market of 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Need of Automation in the Industries
- Government Regulations for Safety Leading to Implementation of MES to Maintain the Quality and Standards
Market Trend
- Introduction of New Technologies for the MES
- Rising Popularity of Internet of Thing Which will help the MES Market
Restraints
- High Costs Related to the Implementation of Manufacturing Execution Systems
Opportunities
- Rising Manufacturing Industries in Developing Countries
- Investments are being Done for Research and Developments
Challenges
- Low Adoption of Manufacturing Execution Systems in Small and Medium Enterprises
- High Competition Due to the Presence of Major Players
Market Leaders and some development strategies
In 2018, ABB has acquired GE industrial solutions which was announced on 26th September 2017.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations