The growth of this market is attributed to the growing complexity of manufacturing operations, the rising adoption of industrial automation in process and discrete industries and the increasing significance of regulatory compliances. Furthermore, the integration of MES with solutions such as ERP and PLM and increasing applications of MES in the pharmaceutical industry are expected to create significant opportunities for the players operating in this market.

The global manufacturing execution systems market is projected to reach $ 17.83 billion by 2030, at a CAGR of 7.7% from 2023 to 2030.

However, the complexities in deploying MES in various industries pose challenges to the growth of this market. Additionally, the requirement for significant capital investments and upgradation & maintenance costs are restraining market growth.

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Drivers

Growing Complexity of Manufacturing Operations
Rising Adoption of Industrial Automation in Process and Discrete Industries
Increasing Significance of Regulatory Compliances
Key Players:

The key players profiled in the global manufacturing execution systems market study include Siemens AG (Germany), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), ABB Ltd (Switzerland), Dassault Systèmes S.A. (France), AVEVA Group Plc (U.K.), Applied Materials Inc. (U.S.), Oracle Corporation (U.S.), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Epicor Software Corporation (U.S.), Infor Equity Holdings LLC (U.S.), Eyelit Inc. (Canada), Aegis Industrial Software Corporation (U.S.) and Critical Manufacturing, S.A. (Portugal).

Asia-Pacific is Slated to Register the Highest CAGR During the Forecast Period

Based on geography, the global manufacturing execution systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this region is driven by growing technological investments in the production of industrial tools and machinery, the growth and expansion of the semiconductor sector, and rising demand for MES from the chemical and automotive industries.

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Furthermore, the growing investments in R&D activities in China and India have further strengthened the Asia-Pacific MES market. Additionally, this market is expected to grow significantly over the next several years due to increasing industry knowledge of execution systems for manufacturing processes. Furthermore, China is investing significantly in using AI in the pharmaceutical industry, accelerating the market expansion rate. Another factor driving the growth of this market is the rise in manufacturing facilities across various industries, including those that depend heavily on manufacturing execution systems, such as the automotive, textile, power, and pharmaceutical industries.

The Hybrid Deployment Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on deployment mode, the global manufacturing execution systems market is segmented into on-premise deployment, on-demand deployment, and hybrid deployment. The hybrid deployment segment is projected to register the highest CAGR during the forecast period. The hybrid deployment type is widely preferred in oil & gas and energy & power sectors because of the increasing need for real-time information for monitoring activities in these sectors. A hybrid deployment also provides additional storage capacity, which ensures data protection.

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Scope of the Report:

Manufacturing Execution Systems Market, by Offering

Software
Services
Implementation
Software Upgradation
Training
Other Services
Manufacturing Execution Systems Market, by Deployment Mode

On-premise Deployment
On-demand Deployment
Hybrid Deployment
Manufacturing Execution Systems Market, by Application

Monitoring
Production Control
Production Documentation
Production Disposition
Inventory Management
Maintenance
Quality Management
Plant-wide Production Planning
Other Applications
Manufacturing Execution Systems Market, by End-use Industry

Process Industry
Food & Beverages
Oil & Gas
Chemicals
Paper & Pulp
Pharmaceuticals & Life Sciences
Energy & Power
Water & Wastewater
Other Process Industries
Discrete Industry
Introduction
Automotive
Aerospace
Consumer Packaged Goods
Medical Devices
Other Discrete Industries
Read Latest Publish news on MES Market: https://www.globenewswire.com/en/news-release/2023/02/02/2600536/0/en/Manufacturing-Execution-Systems-Market-Worth-17-83-Billion-by-2030-Exclusive-Report-by-Meticulous-Research.html

Based on Offering, the Service Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on offering, the global manufacturing execution systems market is segmented into software and services. The services segment is projected to register the highest CAGR during the forecast period. The key factor propelling the growth of this segment is the increasing significance of the global post-implementation procedure of several industrial execution systems. Other factors anticipated to drive the growth and demand for the services segment over the forecast period include improved efficiency, decreased waste, and shorter output times in the manufacturing process of various applications in industries, including food & beverages, pharmaceuticals, and consumer packaged goods

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