The global manufacturing execution system market accounted at US$ 10.08 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 32.93 Bn by 2027.
Europe is expected to hold the largest manufacturing execution system market share by 2027. The countries in the European Union (EU) host several key manufacturing industries, including aerospace, automotive, machinery & equipment, shipbuilding, military vehicles, and others. The automotive industry in these countries significantly contribute to the country’s GDP. EU is the leading producer of motor vehicles, and several premium automotive manufacturers are based in the region. Moreover, ~300 vehicle assembly and manufacturing facilities are located in ~21 countries across the region. The presence of robust manufacturing sector spread across different countries in the region is resulting in adoption of manufacturing execution system in manufacturing facilities across the region.
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Company Profiles
- ABB Ltd.
- Dassault Systèmes
- Emerson Electric Co.
- General Electric Company
- Honeywell International, Inc.
- Rockwell Automation, Inc.
- SAP SE
- Schneider Electric SE
- Siemens AG
- Werum IT Solutions GmbH
In the current business settings, almost everything in the end-to-end industrial and manufacturing environment is becoming intelligent, smart, and connected. There are new forms of discrete and process manufacturing, sensors, connected objects and smart machines that are emerging, and changing the ecosystem of how exchange and collaboration between people, machines, data, and technologies were done earlier. Today’s digital plant of smart manufacturing heavily relies on collecting, sorting, and analyzing the data and information, and turning them into business values. The manufacturing execution system helps end-users to gain sustainable competitive advantage by enabling them with the ability to alter or change the production process w.r.t to market change on a real-time basis, thus bolstering the growth of manufacturing execution system market.
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The manufacturing execution system is often and easily integrated with other solutions such as supply chain management solution, ERP solutions, product lifecycle management solutions, and other IT systems. This ease in integration provided by manufacturing execution system provides immense opportunities to end-users to improve overall supply chain visibility, regulatory compliance, customer satisfaction, agility and time to market, machine utilization and foster energy efficiency and sustainable production.
The global manufacturing execution system market by deployment was led by cloud-based segment in 2018. Also, the segment is expected to hold the largest manufacturing execution system market share by 2027. The need for having an integrated system is increasing every day for manufacturing operations. On-premise manufacturing execution systems do not make the cut for modern manufacturing any longer; that is why companies are more gravitate toward the adoption of cloud deployment type. Cloud-based technology has become a valuable component of manufacturing operations. Cloud-based systems have the capability to connect and operate accordingly. Use of cloud-based manufacturing execution system has made the production process a whole lot easier. Thus, cloud-based segment holds a significant share in the manufacturing execution system market.
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