Technavio has recently introduced its latest forecast and analysis report for the Manufacturing Execution Systems (MES) market, which examines various factors influencing market growth, including end-user categorization (discrete and process industries), deployment methods (hybrid, on-premise, and cloud-based), and geographical considerations (APAC, North America, Europe, South America, and Middle East and Africa) for the period 2023-2027.
Boasting ISO 9001:2015 certification, Technavio takes pride in its 16-year partnership with over 100 Fortune 500 companies. The anticipated growth delta for the MES market between 2022 and 2027 is a noteworthy USD 9.65 billion. This growth is propelled by the persistent demand for automation within industrial sectors, driven by a collective effort to enhance operational efficiency and productivity. Industries are actively seeking ways to automate their processes, leading to the widespread adoption of MES.
MES facilitates the seamless flow of information from the shop floor to the broader organization, enhancing visibility and enabling real-time control and operational adjustments. These factors are anticipated to be key drivers of market growth throughout the forecast period.
Despite the optimistic outlook, the market faces challenges such as high upfront investments and intricate installation procedures. Implementing MES incurs an initial investment of USD 100,000, with an additional annual maintenance and upgrading cost of USD 160,000. The integration of expensive hardware and software further compounds the overall cost structure. Growing complexities in manufacturing sectors reinforce the need for application-specific solutions, potentially limiting market growth.
For those seeking in-depth insights into market size, current scenarios, future growth prospects, major driving factors, trends, and more, the complete report is available for purchase.
One notable market challenge lies in the substantial upfront investment and complex installation procedures, posing a hindrance to growth. The implementation of MES requires a USD 100,000 upfront investment, coupled with an annual maintenance and upgrading cost of USD 160,000. This cost structure escalation is attributed to the integration of costly hardware and software components necessary for MES installation. Additionally, the evolving complexities within manufacturing sectors reinforce the demand for application-specific solutions, thereby expected to impede market growth during the forecast period.
To gain comprehensive insights into key drivers, trends, and challenges, Technavio offers additional information through a free sample PDF report.
The MES market is categorized based on end-users (discrete and process industries), deployment methods (hybrid, on-premise, and cloud-based), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
Significant growth in market share is projected for the discrete industries segment during the forecast period. This includes sectors such as automotive, electronics and semiconductors, aerospace and defense, and medical equipment technology. MES solutions play a pivotal role in meeting customer demand and regulatory requirements, ensuring traceability, and introducing new technologies. For instance, in the electronics and semiconductor manufacturing industry, MES solutions facilitate quicker inventory turnover, reduced production lead time, and targeted product delivery, enhancing overall productivity.
In the APAC region, accounting for 39% of market growth during the forecast period, the primary contributing factor is the escalating demand for energy, leading to increased activities in oil and gas exploration and production.
To delve deeper into the contribution of all segments and regional opportunities, Technavio offers a free sample report for review.
Key players in the MES market include ABB Ltd., Applied Materials Inc., Aspen Technology Inc., Critical Software, Dassault Systemes SE, Durr AG, Emerson Electric Co., Fujitsu Ltd., General Electric Co., Honeywell International Inc., Koerber AG, MPDV Mikrolab GmbH, Oracle Corp., PSI Software AG, Rockwell Automation Inc., Sanmina Corp., SAP SE, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
Related Reports:
The blockchain technology in BFSI market size is estimated to grow at a CAGR of 67.84% between 2023 and 2028. The market size is forecast to increase by USD 48,213.34 million.
The enterprise information management (EIM) market size is estimated to grow at a CAGR of 17.01% between 2023 and 2028. The market size is forecast to increase by USD 88.02 billion
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
