Modern MES Market to reach US$46.37bn by 2027

By Georgia Wilson
Latest report from Market Research Future (MRFR) expects the modern Manufacturing Execution Systems (MES) market to reach US$46.37bn by 2027...

New findings reported by Market Research Future (MRFR) predicts that the modern Manufacturing Execution Systems (MES) market will reach US$46.37bn by 2027 with a CAGR of 15.41% between 2019 and 2027.

10 prominent players highlighted by the report in the global modern MES market include General Electric Company, ABB Ltd., SAP SE, Emerson Electric Co., Werum IT Solutions GmbH, Applied Materials, Inc., Siemens AG, Rockwell Automation, Inc., Dassault Systèmes, and Honeywell International Inc.

“Modern manufacturing execution systems are integrated with ERP and lifecycle management applications, among others, to provide visibility, coordination, and control over manufacturing processes,” reported MRFR.  

The core role of an MES is to increase the process capability and productivity of the manufacturing process, “the increasing manufacturing sector and the strong need to optimise manufacturing processes have increased the usage of manufacturing execution systems,” added MRFR. 

As a result, rapid industrialisation has driven growth for the modern MES market and is said to continue to do so for the forecasted period. Other factors expected to fuel the MES market growth include the increased use of the internet of things (IoT), the growing adoption of MES in the power, food and beverage, water and wastewater treatment industries, as well as the need to monitor real-time data, increase data visibility and control of off-site development operations.

“IoT technology helps manufacturers create, streamline and collapse system architecture in a cost-effective, responsive and efficient manner. This technology also allows interaction and communication between industrial devices to provide the industry with optimum efficiency and flexibility. The proliferation of the industrial (IIoT) Internet of Things is anticipated to augment the installation of MES in the future,” commented MRFR.

To read a free sample of the report click here.

For more information on manufacturing topics - please take a look at the latest edition of Manufacturing Global.

Follow us on LinkedIn and Twitter.

Share

Featured Articles

How Intelligent Automation is Reshaping Manufacturing

John Woods, Managing Director at Alvarez & Marsal, shares with us how intelligent automation is shaking up the sector & helping manufacturing stay ahead

Inside RealWear's Strategic Adoption of Finance Technology

RealWear's strategic adoption of finance technology is revolutionising frontline safety in manufacturing. Tipalti's Kate Wilson tells us more

Optimising back-office operations with AI in manufacturing

Huron's Brad Anderson and David Taylor explore optimising back-office operations with AI and how this has become a new era for industrials & manufacturing

Panasonic Connect’s Autonomous Manufacturing Solutions

AI & Automation

AI Rockets to the Top of the Manufacturing Priority List

AI & Automation

Vaccine Manufacturing moves by Sanofi, Pfizer & AstraZeneca

Production & Operations