Manufacturing Execution Systems Market size to grow by USD 9.65 billion from 2022 to 2027, Continued demand for automation in industrial sectors boosts the market - Technavio

Technavio
Technavio

A prominent trend in the MES market is the escalating preference for MES integrated with IoT capabilities. This trend aligns with resource allocation, traceability, compliance reporting, customization, cloud computing, Industrial Internet of Things (IIoT), big data analytics, augmented reality (AR), and virtual reality (VR)

New York, Jan. 10, 2024 (GLOBE NEWSWIRE) -- The manufacturing execution systems (MES) market by end-user (discrete industries and process industries), deployment (hybrid, on-premise, and cloud-based), and geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027 report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the manufacturing execution systems (MES) market between 2022 and 2027 is USD 9.65 billionOne of the primary factors driving the global Manufacturing Execution Systems (MES) market is the persistent need for automation across industrial sectors. This demand aligns with production monitoring, process automation, performance analysis, scheduling optimization, maintenance management, energy management, Human Machine Interface (HMI), predictive analytics, and scalability. These drivers emphasize the significant role MES plays in enhancing operational efficiency, predictive maintenance, real-time insights, and adaptable solutions, driving its substantial market growth. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Trend –

A prominent trend in the Manufacturing Execution Systems (MES) market is the escalating preference for MES integrated with IoT capabilities. This trend aligns with resource allocation, traceability, compliance reporting, customization, cloud computing, Industrial Internet of Things (IIoT), big data analytics, augmented reality (AR), and virtual reality (VR). The integration of MES with IoT functionality enhances real-time data access, improves process visibility, facilitates data-driven decision-making, and fosters innovation through AR and VR applications, shaping a transformative landscape in manufacturing operations.

Market Challenge -

A significant challenge in the global Manufacturing Execution Systems (MES) market lies in the substantial initial investment and intricate installation processes. This challenge corresponds to quality management, supply chain integration, inventory control, cybersecurity, machine learning, digital twins, edge computing, 5G connectivity, sustainable manufacturing, and collaborative robotics (cobots). High upfront costs and complex installations hinder the seamless integration of MES, impacting the adoption of advanced technologies essential for optimized operations and efficient manufacturing processes.Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now