Fast Market Research announces the availability of the new Markets and Markets report, "Manufacturing Execution System Market - Global Forecast to 2022", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 12/19/2016 -- Manufacturing Execution System Market by Deployment Type (On-Premises, On-Demand, and Hybrid), Offering (Software and Services), Process Industry (Food & Beverages, Oil & Gas), Discrete Industry (Automotive, Medical Devices) - Global Forecast to 2022
"Manufacturing execution system market to exhibit significant growth potential between 2016 and 2022"
The Manufacturing execution system (MES) market is expected to grow at a CAGR of 13.6% between 2016 and 2022 to reach USD 18.22 billion by 2022. The key driving factors for the growth of the manufacturing execution system market are low deployment cost, increasing use of industrial automation, adoption of MES owing to growing benefits and importance of regulatory compliance. However, low adoption of MES in small-and medium-size companies and high investment and cost for implementation and upgradation of MES are the major restraining factors for the growth of this market.
Get More Details on this Report and a Full Table of Contents at Manufacturing Execution System Market - Global Forecast to 2022
"Market for services expected to grow at the highest rate during forecast period"
The services market is expected to grow at the highest rate between 2016 and 2022. The services such as opportunity assessment, solution migration and enhancement, product evaluation, MES application configuration, business analysis, selection services, customization, and multi-level support services support the company to overcome the problems and boost the growth in the market.
"On-premises market expected to hold the largest size of the manufacturing execution system market"
The on-premises market is expected to hold the largest size of the manufacturing execution system in 2016. It offers hosted services to a limited number of people within a firewall and hence minimizing security concerns. It also enables users to have a direct control over their data.
"Automotive to account for the largest market share in the overall manufacturing execution system market"
The automotive industry expected to account for the largest market share of the discrete industry of global manufacturing execution system market in 2016. The increase in the production of number vehicles each year and increasing need of automation in automotive manufacturing to lower production cost and increase productivity are some factors expected to drive the demand for manufacturing execution systems in the automotive industry. Functions such as inventory management, performance analysis, design process, and supply chain management, which are time consuming when carried out manually, have been automated with the help of MES.
"APAC to grow at the highest rate for manufacturing execution system market during the forecast period"
The market for manufacturing execution system in the APAC region is expected to grow at the highest rate between 2016 and 2022. The demand for MES systems is very high in Asia-Pacific owing to the need to implement the change from manual or legacy systems to automated systems, rapid industrialization, and economic growth. The growing automotive manufacturing in the countries such as China and Japan are expected to drive the growth of the manufacturing execution system market in APAC.
Break-up of the profiles of primary participants for the report has been given below:
-By Company Type: Tier 1 - 51%, Tier 2 - 30%, and Tier 3 - 19%
-By Designation: C-Level Executives - 48%, Directors- 28%, and Others - 24%
-By Region: North America - 41%, Europe - 15%, APAC - 36%, and RoW - 8%
The key players in the market include ABB Ltd. (Switzerland), Andea Solutions (Poland), Dassault Systemes SA (France), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), SAP AG (Germany), Schneider Electric SE (France), Siemens AG (Germany), and Werum IT Solutions GmbH (Germany).
The research report on the global manufacturing execution system market covers different segments, namely, deployment type, offering, process industry, discrete industry, and geography. The market has been segmented on the basis of deployment type into on-premises, on-demand, and hybrid. On the basis of offering, the manufacturing execution system market has been classified into software, and services. The report covers process industry, namely, food and beverages, oil and gas, chemicals, pulp and paper, pharmaceuticals and life sciences, energy and power, water and wastewater management, and others. Further, the manufacturing execution system market has been segmented on the basis of discrete industries into automotive, aerospace and defense, medical devices, consumer packaged goods, and others. The report covers four major geographical regions; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Computer Technology research reports at Fast Market Research
You may also be interested in these related reports:
-Energy Harvesting System Market - Global Forecast to 2022
-Industrial Control and Factory Automation Market - Global Forecast to 2022
-HI-FI System Market - Global Forecast to 2022
-Material Handling Equipment Market - Global Forecast to 2022
-Battery Energy Storage System Market - Global Forecast to 2022