Modern Manufacturing Execution System Industry is evaluated to grow at a cagr of 13.2%
Market Overview:
The Modern Manufacturing Execution System Industry is evaluated to grow at a cagr of 13.2% during the forecast period 2020-2030
The modern manufacturing execution system market is growing rapidly, mainly due to the rising adoption of automation and digitization across end-use industries worldwide. Besides, the growing need for digital transformations of businesses escalates the market demand. Additionally, the rising awareness of the benefits of digitization and automation in workflow create massive market demand.
Increasing demand for modern manufacturing execution systems in BFSI, consumer electronics, manufacturing, retail, healthcare, and transportation sectors, substantiate market growth. According to Market Research Future (MRFR). The outbreak of COVID-19 is likely to change the market dynamics of several regions. Several markets have been influenced significantly due to the observation of nationwide lockdown in various countries.
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Key Players
The global players of the market are ABB Ltd (Switzerland), Siemens AG (Germany), Honeywell International Inc. (US), Emerson Electric Co. (US), Applied Materials, Inc. (the US), General Electric Company (US), SAP SE (Germany), Rockwell Automation, Inc. (the US), Werum IT Solutions GmbH (Germany), Dassault Systèmes (France), and Tebis Technische Informationssysteme AG (Germany).
Competitive Analysis
Highly competitive, the modern MES market appears fragmented due to the presence of several well-established players. Mergers & acquisitions, innovation, and brand reinforcement remain prevailing key trends for the leading players as these strategies support their growth and expansion plans. They deliver reliable, leading-edge products and services. For which they invest substantially in R&D to develop adept technologies and products.
Market Segments
The report is segmented into components, developments, discrete industries, and regions. The component segment is sub-segmented into software and services. The development segment is sub-segmented into on-premises, on-cloud, and hybrid. The discrete industry segment is sub-segmented into automotive, aerospace & defense, medical, FMCG, electronics, and others.
Based on deployment, the global modern manufacturing execution system market can be classified into the hybrid, cloud, and on-premises.
Based on component, the global modern manufacturing execution system market can be classified into Software (Enterprise Resource Planning (ERP), Warehouse Management, and Product Lifecycle Management (PLM)) and Service (Consulting & Development, Training & Support, and Integration Service).
Based on the discrete industry, the global modern manufacturing execution system market can be classified into Automotive, Electronics, Medical, Aerospace & Defense, FMCG, and others.
Regional Analysis
North America dominates the global modern manufacturing execution system market. The largest market share attributes to the rapid automation & digital transformation and the early adoption of advanced technologies.
Besides, the strong presence of notable players and well-established development centers drives the market growth, increasing R&D investments to develop automation technologies and services. Moreover, the increasing adoption of digital automation processes across end-user industries boosts regional market growth.
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