Use of Manufacturing Execution Systems Projected to Increase

Summary

The global manufacturing execution system market is expected to grow from $11.85 billion in 2021 to $13.18 billion in 2022 and is expected to reach $20.3 billion in 2026—a compound annual growth rate (CAGR) of 11.23%.
 
Advanced technologies, the increase in demand for mass production, and a connected supply chain that can serve a growing population are all expected to drive the manufacturing execution system (MES) market.

For instance, according the study published in the United Nations Industrial Development Organization, in the Q4 of 2021, global manufacturing production observed a year-on-year growth of 3.3%, following an increase of 5.8% and 17.8% in Q3 and Q2 respectively. Additionally, according to the study conducted by PwC, a Global Industry 4.0 Survey, it was reported that implementation of manufacturing execution systems in production lines contributed to a 30% increase in productivity and increased ROI from cost savings of 3% and additional revenue of 3%. Therefore, mass production and a connected supply chain is expected to boost the manufacturing execution system market.

Technological innovations are a key trend gaining popularity in the manufacturing execution systems market. The companies offering MES software are developing innovative products with advanced technologies to meet the fast-growing demand from end customers and strengthen their market position. For instance, in July 2019, iTAC Software AG, a Germany-based provider of internet-based information technology and communication systems for the manufacturing industry, launched iTAC.MES.Suite 9.20.00, which is enables advanced planning and scheduling of orders and control & automation of the production process.

In September 2021, Honeywell acquired Performix Inc. for an undisclosed amount. With this acquisition, Honeywell's strategy is to construct the world's top integrated software platform for customers in the life sciences industry with the inherent potential to achieve faster compliance, enhanced dependability, and higher production throughput while maintaining the highest levels of quality. Performix Inc. is a Houston-based company that provides MES software for the pharmaceutical and biotech industries.

Asia-Pacific was the largest region in the manufacturing execution system market in 2021. The regions covered in the manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the manufacturing execution system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Major players in the manufacturing execution system market are ABB Ltd., AVEVA plc, Dassault Systèmes, Honeywell International, Inc., Rockwell Automation, Inc., Siemens AG, SAP SE, General Electric Company, Oracle Corporation, Emerson Electric Co., Werum IT Solutions GmbH, Accenture, Andea Solutions, Schneider Electric SE, HCL Technologies, and SAP AG.

MES software refers to a specialist class of production-oriented software, which is designed to manage, monitor and synchronize the execution of real-time physical processes involved in converting raw materials into finished products. They are deployed through on-premise, on-demand and hybrid delivery models. These systems are used in small and medium-sized enterprises and large enterprises in industries ranging from food & beverages, oil & gas, chemicals, pulp & paper, pharmaceutical & life sciences, energy & power, water & wastewater treatment, and other industries.

Manufacturing Execution System Global Market Report 2022 is one of a series of new reports that provides manufacturing execution systems market statistics, including manufacturing execution systems industry global market size, regional shares, competitors with a manufacturing execution systems market share, detailed manufacturing execution systems market segments, market trends and opportunities, and any further data you may need to thrive in the manufacturing execution systems industry.