The Manufacturing Execution Systems Market is being driven by Rising globalization and supply chain integration
The Manufacturing Execution Systems Market is expected to grow at a CAGR of 16.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20166.5 million. Manufacturing Execution Systems (MES) integrated with Internet of Things (IoT) technology are revolutionizing factory operations by enabling real-time monitoring and data collection throughout the manufacturing process. By implementing IoT functionality in MES, manufacturing companies can automate the collection of critical data, such as manufacturing performance and inventory status, using sensing technology and beacons. This data is then aggregated and visualized in real-time, providing users with a clear understanding of work progress and hold-ups. With this level of visibility, decision-making becomes more informed and agile, enabling manufacturers to address operational slowdowns, identify bottlenecks, and optimize production in real-time.
Get more information on Manufacturing Execution Systems Market by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Discrete industries, Process industries) Deployment (Hybrid, On-premises, Cloud-based) Geography (APAC, North America, Europe, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Manufacturing Execution Systems Market Research Report
Find out which segment is leading the market by accessing the free PDF report
Manufacturing Execution Systems (MES) are automated solutions that enhance industrial automation in various industries, including automotive, by optimizing operational efficiency through real-time monitoring and control of production processes. MES integrates robotics, Internet of Things (IoT), and Enterprise Resource Planning (ERP) for data resilience and visibility. CGI Group, an IT consulting company, reported significant financial figures in the global expansion of MES, offering automated, data-driven solutions for resource utilization, productivity, quality control, scheduling, and traceability in manufacturing sectors.
The Manufacturing Execution System (MES) market is a segment of the broader Industrial Automation sector, which falls under the IT software supermarket. MES solutions enhance operational efficiency in manufacturing processes through automation, robotics, Internet of Things (IoT), and Enterprise Resource Planning (ERP) integration. Data resilience is a crucial factor, ensuring business continuity and minimizing downtime. Companies offering MES solutions provide on-premises deployment, ensuring data security and control. This market size is determined by the combined revenue generated by these organizations, including those offering cloud-based MES solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
