The latest report on “Manufacturing Execution System Market (Component – Software, and Services; Deployment – On-premises, and On-demand; End-Use Industry – Food & Beverages, Pharmaceutical and Life Sciences, Chemical, Energy & Power, Pulp & Paper, Automotive, Aerospace & Defense, and Water & Waste Water Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global manufacturing execution system market is projected to grow at a CAGR of 13.8% over the forecast period of 2019-2025.
Ask for Sample Copy of Research Report with Table of Content @ https://www.infiniumglobalresearch.com/reports/sample-request/18101
Nowadays manufacturing plants are equipped with various software systems for performing different types of tasks, both manufacturing operations, and factory planning. The manufacturing environment demands smaller lot sizes, faster cycle times, better flexibility and smaller inventory buffers than ever before. Manufacturing execution system (MES) is a computerized system used in separate tasks such as production monitoring, sequence planning, workpiece identification, maintenance order management, worker information, and others. The developments on the MES is necessary to satisfy new demands in production.
Internet of Things, Big Data and Cloud Computing are Trends in the Manufacturing Execution System Market
The Internet of Things, Big Data and Cloud Computing are trends in the manufacturing execution system market. In the IoT, widely distributed sensors and data sources are woven into an autonomous communications network, generating complex and significant aggregated data. Big Data identifies the large volumes of data available and extract information useful in decision-making. The combination of these trends outlines a scenario identifiable as the progression of a single manufacturing execution system (MES) to a new level of pervasiveness and efficiency.
The factors such as low deployment cost and high efficiency are driving the growth of the manufacturing execution system market. MES enables rapid real-time communication between control systems and existing ERP (Enterprise resource planning) technology. Besides, systems integrating web-enabled information portals provide management with the facility to communicate to their distributed operations at disparate locations.
Furthermore, the adoption of the factory automation system is also driving the MES market. Automation has led to the production of sophisticated parts that have similar output qualities with little variability in general tolerances. It is extensively employed in the manufacturing of chemicals, plastics, fertilizers, paper products, automobile assembly, aircraft production, and food processing. It has benefits such as increased productivity, improved quality and consistency, and reduced human labor costs.
Conversely, the cost involved in the maintenance of the manufacturing execution system is hampering the growth of the market. It becomes more critical for companies operating with tighter budgets to manage costs throughout the entire implementation of the manufacturing execution system. Buying software can be expensive for those companies. Moreover, increased adoption of the latest automation technologies and increasing demand for fast-moving consumer goods (FMCG) are projected to induce opportunities in the manufacturing execution system market. It is important for companies to recognize the efficiencies and results that automation technology can produce, and the level of disruption the transformation will process.
North America Dominates the Global Manufacturing Execution System Market
Geographically, North America dominates the global manufacturing execution system market. The factors such as the presence of a large number of players and their focus on product development to achieve a strong position in the market are driving the manufacturing execution system market in the North America region. Europe holds the second-largest market share of the global manufacturing execution system market.
The report on the global manufacturing execution system market covers segments such as component, deployment, and end-use industry. On the basis of components, the sub-markets include software and services. On the basis of deployment, the sub-markets include on-premises and on-demand. On the basis of the end-use industry, the sub-markets include food & beverages, pharmaceutical, and life sciences, chemical, energy & power, pulp & paper, automotive, aerospace & defense, and water & wastewater management.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/ict-semiconductor/global-manufacturing-execution-system-market
The report provides profiles of the companies in the market such as Applied Materials, Inc., ABB Ltd., Honeywell International, Inc., Dassault Systèmes, Rockwell Automation, Inc., Siemens AG, SAP SE, Werum IT Solutions GmbH, Oracle Corporation, and Other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the manufacturing execution system.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.