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) are evolving to incorporate Internet of Things (IoT) functionality, enabling real-time monitoring and integrated management of manufacturing processes. IoT sensors and beacons collect and transmit data on manufacturing performance and inventory status in real time, providing manufacturers with valuable insights for optimizing operations. This data-driven approach enhances decision-making capabilities, allowing for swift identification and resolution of operational issues, such as bottlenecks and slowdowns. By leveraging IoT technology through MES, manufacturing companies can significantly improve efficiency and productivity.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
216 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.6% |
Market growth 2025-2029 |
USD 20166.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
13.1 |
Key countries |
US, China, Germany, Canada, South Korea, Japan, UK, India, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Manufacturing Execution System (MES) market encompasses plant floor automation, production line management, and manufacturing intelligence. It includes advanced process control, real-time data collection using process optimization algorithms, machine vision, robotics integration, and cybersecurity. Cloud-based and mobile MES solutions offer customization, training, support, and upgrades. MES ROI, case studies, success stories, industry trends, and future outlook are key considerations. Digital twin, virtual reality, augmented reality, additive manufacturing, 3D printing, smart sensors, edge computing, data security, and data privacy are emerging technologies shaping the MES landscape.
The Manufacturing Execution System (MES) market is a segment of the larger IT system software industry. Specifically, it caters to businesses implementing software solutions for production planning, shop floor control, quality management, maintenance management, inventory control, material requirements planning, data acquisition, and real-time monitoring. This market falls under the IT management software category, which is a part of the global system software market. The global system software market encompasses organizations involved in application development and management, cloud computing, data centers, IT management, mobility, networking, security, and storage software. Revenues for this market are calculated based on the combined earnings of companies providing all types of systems software, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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