A key trend boosting market growth, is the popularity of cloud-based MES deployments in discrete industries.
Albany, NY -- (SBWIRE) -- 04/10/2018 -- In recent years, increasing demand for automation within industries, aimed at optimizing production techniques and ensuring product quality has given a significant boost to several operations in manufacturing industries. These requirements have become possible with MES software includes integration of data or inputs from the planning system and information from plant floors to execute the production plan accordingly. Recently, a study titled "Manufacturing Execution System (MES) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been broadcasted to the massive repository of Market Research Hub (MRH), which accurately predicts the future of the market and also gives an overview of the current market situation.
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To precisely estimate the market value share and volume forecast, 2016 is considered as the base year. Moreover, the report provides information on the various factors that are likely to boost market revenue growth during the forecast period. Another vital part of the report highlights the competitive landscape of the global manufacturing execution system market, positioning all the major players according to their presence in different regions of the world.
Manufacturing Execution Systems that help in the automated management of manufacturing process and procedures are gaining huge momentum in the market. MES software application primarily provides manufacturers with the schedule, planning, tracking, analyzing and control of the manufacturing operations. The growing investments in manufacturing sector and advancements in industrial automation are the primary driving forces for the global market growth. According to the study key evaluation's, the market for manufacturing execution system is forecast to grow to US$ 18,067.9 Mn by 2025, recording a CAGR of 11.2% for the period 2017 to 2025.
Geographical and Segmental Outlook
Geographically, the report studies market's performance in North America, Latin America, Europe, Asia Pacific, South America and the Middle East and Africa. North America led the global manufacturing execution system market with a considerable market share in 2016. Among various industries, the oil and gas segment in North America accounted for maximum revenue share in the market. On the other hand, APAC and Middle East & Africa MES regions are expected to grow at a higher rate during the forecast period. This is mainly growing by rising GDP and rapid industrialization in the regions.
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Moving further, the segmental analysis of the report also highlights market scenario on the basis of industry - process industry and discrete industry; and components. A key trend boosting market growth is the popularity of cloud-based MES deployments in discrete industries. Based on process industry, the market is further segmented into oil & gas, chemical, food & beverages, pulp & paper, pharmaceutical, energy & power and water & wastewater treatment. By discrete industry, the market is segmented into automotive, electronics & electrical, medical devices, aerospace & defense, metal & mining and FMCG.
At the end, the report includes brief profiling of key players functioning in the global MES software market, including ABB Ltd., Honeywell International Inc., General Electric Company, Schneider Electric S.E., Dassault Systems SA, Yokogawa Electric Corporation, Sage Automation, Emerson Electric Co., General Electric Co., IQMS, SAP SE, HCL Technologies Limited, Atos SE, Prolink Solutions, OpMetrik and Siemens AG.
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