According to a new market report published by Transparency Market Research The global manufacturing execution system (MES) market
is expected to reach a value of US$ 18,067.9 Mn by 2025 on account of
the rising demand for improving productivity and executing complex
production processes efficiently. The market is projected to expand at a
CAGR of 11.2% during the forecast period from 2017 to 2025. The growth
is attributed to growing investments in manufacturing sector and
advancements in industrial automation. Asia Pacific is anticipated to be
the fastest growing region which is expected to be followed by Middle
East & Africa during the forecast period.
Whereas, the food and beverages segment
is expected to be the fastest growing, owing to the requirement of
maintaining product quality standards in the food and beverage industry.
Further, demand for MES solutions is expected to surge in coming years
due to rise in demand for paperless operations from manufacturing
industries in developing countries such as China, India and Brazil.
Compliance with stringent government
regulations and demand for industrial automation is driving the global
manufacturing execution system market.
Highly regulated industries such as
medical device and equipment manufacturers require intensive internal
and external reporting to comply with strict government regulations.
Quality and uniformity is given the maximum importance in such highly
regulated industries. In most developed countries, organizations in the
bio-tech, pharmaceutical, food processing/packaging and medical devices
sectors face tight regulations and stringent compliance standards.
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Furthermore, manufacturing industries are
experiencing increasing overhead and material costs. In addition,
competitive economic conditions are compelling manufacturers to increase
production in a cost effective manner. This in turn is leading to
growing demand for implementation of industrial control systems aimed at
optimizing processes and providing better visibility of the shop floor.
Manufacturing Execution System Market: Scope of the Report
Manufacturing execution system market is
segmented on the basis of process industry, discrete industry and
components. According to the research study, the global manufacturing
execution system market by process industry was dominated by the oil
& gas segment with a significant market share in 2016, owning to the
factors such as rising demand for automation in oil and gas industries
for improving production efficiency. The primary function of MES in the
oil and gas sector includes applications to manage short term scheduling
of operations and long term planning.
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