MES Market Growth at a CAGR of 12% from 2024 to 2032

Straits Research, a leading provider of business intelligence and market research, is pleased to announce the release of its latest report on the global Manufacturing Execution Systems (MES) Market. The report provides in-depth insights into the market size, growth trends, key players, and market segmentations.

Manufacturing Execution Systems Market Insights

The global Manufacturing Execution Systems Market size was valued at USD 16.24 Billion in 2023 and is projected to reach USD 18.19 Billion in 2024. The market is expected to grow significantly, reaching USD 45.03 Billion by 2032, with a compound annual growth rate (CAGR) of 12% during the forecast period (2024–2032).

Market Definition and Latest Trends

Manufacturing Execution Systems (MES) are computerized systems used in manufacturing to track and document the transformation of raw materials to finished goods. MES provides information that helps manufacturing decision-makers understand how current conditions on the plant floor can be optimized to improve production output.

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Latest Trends in the MES Market:

  • Integration with IoT and Industry 4.0: The adoption of IoT and Industry 4.0 technologies is driving the demand for MES solutions that can integrate with smart devices and provide real-time data analytics.
  • Cloud-Based MES Solutions: The shift towards cloud-based MES solutions is gaining traction due to their scalability, flexibility, and cost-effectiveness.
  • Focus on Cybersecurity: With the increasing digitization of manufacturing processes, there is a growing emphasis on enhancing cybersecurity measures within MES solutions.
  • AI and Machine Learning: The incorporation of AI and machine learning algorithms in MES is enabling predictive maintenance, quality control, and process optimization.
  • Sustainability and Green Manufacturing: MES solutions are being designed to support sustainable manufacturing practices by optimizing resource utilization and reducing waste.

For more details: https://straitsresearch.com/report/manufacturing-execution-systems-market/segmentation

Key Opportunity

The MES market presents significant opportunities for growth, driven by the increasing need for efficient production management, quality control, and inventory management in various industries.

List of Key Players in the Manufacturing Execution Systems Market

  1. ABB Ltd.
  2. Andea Solutions
  3. BrightEye
  4. Dassault Systems
  5. Emerson Electric Co.
  6. General Electric Company
  7. Honeywell International Inc.
  8. IQMS Manufacturing ERP
  9. LTI (Larsen & Toubro)
  10. ORACLE
  11. PLEX
  12. Rockwell Automation
  13. Birlasoft Limited
  14. 3YOURMIND GmbH
  15. FUJITSU
  16. Tulip Interfaces, Inc.
  17. SAP AG.

Detailed Table of Content of the Manufacturing Execution Systems Market Report: https://straitsresearch.com/report/manufacturing-execution-systems-market/toc

Manufacturing Execution Systems Market Segmentations

  1. By Deployment

    • On-premise
    • Cloud
    • Hybrid

  2. By Offering

    • Software
    • Services
      • Professional Service
        • Strategic Advisory
        • Administrative Services
        • Marketing Services
      • Managed Services
        • System Integration
        • Maintenance & Support
        • Data Analytics

  3. By Application

    • Production Management
    • Quality Management
    • Inventory Management
    • Maintenance Management
    • Performance Analysis

  4. By Product Function

    • Document Control
    • Inventory Management
    • Production Performance Analysis
    • Others

  5. By End-use

    • Food & Beverage
    • Oil & Gas
    • Pharmaceutical & Lifesciences
    • Automotive
    • Electronics & Semiconductor
    • Other

  6. By Industry Type

    • Discrete Industry
    • Process Industry

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