Manufacturing execution system is used in computerized manufacturing industries for tracking and certificate the transformation of raw materials to finished goods materials. Furthermore, a manufacturing execution system (MES) is an information system that connects the control complex manufacturing system with data flow and monitor on the factory floor.
Manufacturing execution systems can be divided into cloud-based software, on premise software, and services: Cloud based systems rely on the vendor hosting data on its own servers, the solution can be accessed on PCs, smartphones, tablets and any other browser-based device. On premise systems require a company to install and host its data on its own equipment, on site. on premise platforms tend to cost three times more than the annual license fee of cloud-based systems. Software as a service is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as on-demand software, and was formerly referred to as software plus services by Microsoft.
Manufacturing execution systems are widely used in automotive, defense and aerospace, electrical and electronics, medical devices, metal and mining, FMCG, and oil and gas. The automotive industry is one of the most important economic sectors in the world in terms of revenue, so the application of manufacturing execution systems in the automotive industry accounts for a wider market.
In recent years, the demand for manufacturing execution system is large in various industries. In addition, the need for regulatory compliance in highly regulated industries such as food and beverages and pharmaceuticals are driving the need for automation, which has contributed to the growth of the manufacturing execution system market.
Prospect Analysis of Manufacturing Execution System Industry in Various Regions
After a period of development, the industry is at a mature stage. With the continuous upgrading of products and the development of technology and economy, the market continues to expand. Manufacturing execution system primarily a highly competitive international market. Manufacturing execution system sale companies are mainly from North America and Europe. The industry concentrate rate is low. The top three companies are ABB Ltd., Honeywell International, Inc. and Emerson Electric Co., with 24.34% of 2017 revenue market share, versus 8.46%, 8.19%, and 7.62%, respectively.
North America was the largest revenue market with a market share of 29.53% in 2013 and 27.93% in 2017, a decrease of 1.6%. In 2017, the Europe market share was 26.47%, ranking second. In addition, Japan, South America and China market is expected to be the growing market.
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The Americas dominates the global manufacturing execution system software market. The development of the software industry, high market maturity, technical and financial advantages, the development of new technologies, and the continuous development of related manufacturing industries such as electronics manufacturing and automobile manufacturing have further increased market growth.
The European medical industry is developing rapidly and has technological advantages in the development of the medical device industry. The automotive industry in Europe is also growing. It is an important consumer market for manufacturing execution systems. The future will also become bigger.
The Asia Pacific region is the fastest growing market as there are more developing countries in the region, such as India and China. These countries are encouraging the development of related manufacturing industries such as the electronics industry. Constantly strengthen the construction of industrial infrastructure. The continuous development of the manufacturing industry has brought huge consumption power. This will drive market growth.
The Middle East and Africa are expected to have the smallest market share due to the low availability of industrial facilities and the low growth of the medical sector. However, the local oil and gas industry will bring greater demand, which will drive the market in the region.
Manufacturing Execution System Industry is Widely Used, with Great Market Demand
According to our research, the total market value is 8563.14 M USD in 2017. We performed a series of functional calculations and inferred the seven-year data model with science. Finally, we predict that the value of the manufacturing execution system market will reach 19129.36 M USD by 2025. The compound annual growth rate from 2017 to 2025 is 10.80%.
The growth of the manufacturing execution system market is partially driven by market demand. With the development of the economy, the improvement of technology, the downstream market such as aerospace and defense market and electronics and electrical industry developed, the need for various manufacturing industries to increase productivity and effectively execute complex production processes. These factors have contributed to the growth of the manufacturing execution system market.
Developing countries are in great demand, so enterprises can transfer part of their market to developing countries, like China, India, Southeast Asia, and South America. The economy of these countries is constantly evolving, the industrial structure is reforming and upgrading, and the industry is rapidly industrialized. The government has introduced relevant preferential policies. Promoted the development of the downstream application industry of manufacturing execution system. These countries and regions will become growth areas of the manufacturing execution system.
However, the relevant industry policies and access standards will also pose more stringent challenges to the company. Moreover, manufacturing execution system provided by most software vendors is highly versatile and less targeted. But, some of the MES system vendors are specially developed MES vendors for enterprises, such as the efficiency technology MES system, which will tailor the most suitable MES system according to the needs of customers. Due to the mature technology, developers can be faster. Developed a targeted system in time, saving time and ensuring the success rate of the system. Manufacturing execution system products are moving toward holographic modeling. The use of all-line modeling provides greater productivity, which also provides a direction for the future of this industry.Get the Complete Sample, Please Click: https://www.globalmarketmonitor.com/reports/763147-manufacturing-execution-system-market-report.html
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