BANGALORE, India, Sept. 10, 2020 /PRNewswire/ -- The major factors driving the growth of MES market size are the need for mass production and a linked supply chain to cater for the increasing population, low deployment costs, increased use of industrial automation in processes and distinct industries, increased regulatory enforcement, and fiscal policies formulated by regional financial institutions to keep manufacturing facilities afloat during the COVID-19 crisis.
This report offers MES suppliers and users with a comprehensive assessment of the marketplace. It provides a strategic insight into the market trends, market size, and key players in the MES market.
The Global MES Market size is expected to grow from USD 10,802.78 Million in 2019 to USD 24,344.35 Million by 2025 at a CAGR of 14.50%.
COVID-19 IMPACT ON MES MARKET
The COVID-19 lockdown affected the use of manufacturing execution systems. Most of the revenue produced in the industry for the implementation of manufacturing systems comes from services rendered on the industry. As the services are directly linked to manufacturing activities, COVID-19 is significantly affecting the manufacturing execution system market. This has contributed to a lower projected growth rate for 2020 as opposed to 2019.
TRENDS INFLUENCING THE MES MARKET SIZE
Factors like reducing scrap and waste time, increasing uptime, and lower inventory costs make the process more cost-effective and are expected to drive the growth of the MES market size.
The benefits and value of regulatory enforcement, coupled with optimized production facilities and the implementation of advanced technological systems, also fuel the growth of the MES market size.
Regional financial institutions' fiscal policies to maintain manufacturing facilities amid the COVID-19 crisis is expected to drive the MES market size during the forecast period. These fiscal policies guarantee loans for both large and small enterprises, which would improve manufacturing activities across different sectors where production manufacturing execution systems will play a key role in maximizing manufacturing operations.
The manufacturing execution system's market size experienced steady growth due to the high demand from the water and wastewater treatment, food, and beverage, power industries. In addition, the need to track real-time data, enhance data visibility, and control off-site development operation has a significant impact on the growth of the MES market size.
MES MARKET SHARE ANALYSIS
North America is expected to hold the largest MES market share during the forecast period. This dominance is attributed to the increasing use of manufacturing execution systems in process and discrete industries in the region, and the presence of players developing MES solutions.
The Asia Pacific is projected to witness the highest growth among all other regions, with some of the major countries being China, India, and Japan. Automation, saving inventory time along with timely delivery of cost-management goods, have been a few main factors in promoting growth in the Asia Pacific region.
Based on Geography, the MES Market studied across
Inquire for Regional Data: https://reports.valuates.com/request/regional/360I-Auto-3Z262/The_Global_Manufacturing_Execution_System
MHS MARKET SEGMENTATION
Based on Deployment, the MES Market studied across
Based on Process Industry, the MES Market studied across
Chemical, Energy & Power,
Food and Beverages,
Oil & Gas,
Pharmaceutical and Life Sciences,
Pulp & Paper,
Water and Wastewater Management.
Based on Discrete Industry, the MES Market studied across
Aerospace & Defense,
Consumer Packaged Goods,
Electronics & Semiconductors,
Metal and Mining.
Emerson Electric Co.,
General Electric Company,
Honeywell International, Inc.,
Rockwell Automation, Inc.,
Schneider Electric SE,
Werum It Solutions GmbH.
The report answers questions such as:
What is the market size and forecast of the Global Manufacturing Execution System Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Manufacturing Execution System Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Global Manufacturing Execution System Market?
What is the competitive strategic window for opportunities in the Global Manufacturing Execution System Market?
What are the technology trends and regulatory frameworks in the Global Manufacturing Execution System Market?
What are the modes and strategic moves considered suitable for entering the Global Manufacturing Execution System Market?
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-3Z262&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=360I-Auto-3Z262&lic=enterprise-user
MES Software Market
MES in Process Market
MES in in Discretes Market
Industrial Controls and Factory Automation Market
The global Industrial Controls and Factory Automation market size is projected to reach USD 194170 Million by 2026, from USD 128090 Million in 2020.
The major players in the market include ABB, Emerson, GE, Honeywell, Mitsubishi, Omron, Rockwell, Schneider Electric, Siemens, Yokogawa Electric, Kuka, Keyence, Fanuc, Bosch Rexroth, Fuji Electric, Endress+Hauser, Hitachi, etc.
Industry 4.0 Market
Industry 4.0 Market size was USD 68,125.13 Million in 2018 and is expected to reach USD 205,236.13 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 17.06%.
The global industry 4.0 market is highly competitive and characterized by the presence of a large number of international and regional players in the market.
Some of the major market players include ABB, Basler AG, DENSO CORPORATION, IBM, and SAP.
View Full Report: https://reports.valuates.com/market-reports/360I-Auto-4S58/industry-4..0
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
For U.S. Toll-Free Call: 1-(315)-215-3225
For IST Call: +91-8040957137
WhatsApp : +91-9945648335
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreport
SOURCE Valuates Reports