Manufacturing Execution Systems Market Size, Share and Forecast 2026
The Global Manufacturing Execution Systems market was worth USD XX million in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
(EMAILWIRE.COM, September 04, 2019 ) Market Overview
Manufacturing Execution Systems (MES) are automated frameworks used in manufacturing to track and report the flow of raw materials to finished goods.
MES provides information that helps decision makers understand how current conditions in the plant can be optimized to improve production output. MES is a real-time process which enables the control of multiple elements of the production process.
Market Dynamics
Increasing industrial automation, demand for productivity, managing challenges in the manufacturing process, complying to quality control policies and growing application of cloud services are some of the salient factors responsible for the growth of the global manufacturing execution systems market.
According to the International Yearbook of Industrial Statistics 2018 released by United Nations Industrial Development Organizations (UNIDO), the world manufacturing value added (MVA) rose by 3.5% in 2017, the highest rate in the last seven years. According to the International Federation of Robotics (IFR), over 1.8 million industrial robots were in operation globally at the end of 2016 pacing up the industrial automation growth rate.
The automation adoption rate in the manufacturing industry increased by an annual global average of 12% between 2011 and 2016.
Market Segmentation
The Global Manufacturing Execution Systems market has been segmented by type of product, application, and geography.
Based on the industrial application, the market is segmented as Discrete Industry and Process Industry. The discrete industry segmented is further divided into the following areas as oil and gas, pharmaceuticals, chemicals, paper, and pulp and others.
The oil and gas industry is expected to drive the global manufacturing execution systems market at a higher rate owing to the increasing demand for automation in oil and gas industry and high global production of oil and gas.
According to the International Energy Agency (IEA), the global oil demand in 2018 is 6.9mb/d and is expected to reach 104.7mb/d by 2023 rising at an average annual rate of 1.2mb/d. According to Global energy statistical yearbook, the global oil production in 2005 was about 88721 thousand barrels per day and reached 92649 thousand barrels in 2017 with a 0.7% annual growth rate.
Automation and Instrumentation services in Digital oilfields include Supervisory control and data acquisition (SCADA) smart well sensors, wireless sensors, distributed control systems and other components which are widely used to monitor industrial operations and real-time process data.
These components are crucial for driving the market, and the oil and gas industry is expected to dominate the global manufacturing execution (MES) market in the future.
Competitive Trends
For instance, in January 2019, Dassault systems completed the acquisition of IQMS, a manufacturing ERP software company. With this acquisition, Dassault systems aim to expand its business platform to small and midsized manufacturing companies seeking to transform their business digitally.
This combination will enhance the Schneiders reach in engineering and industrial software with scale and reference in manufacturing operations and optimization areas.
New product launches and expansion of facilities are some other essential strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate.
The wireless sensor makes it easier and less costly to get data from plant processes. Similarly, in March 2018, Eyelit Inc launched the new IP Shield module the latest release of its new MES suite. This new IP Shield module helps companies control access to confidential information across manufacturing processes.
The scope of the Report
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Based on the product type, the market is segmented as Resource allocation, inventory management, process control and optimization, performance analysis, quality analysis, and others.
Based on the application, the market is segmented as Discrete Industry and Process Industry. Based on the geography, the market is segmented into the following regions North America, South America, Asia-Pacific, Europe & ROW
.
View full sample: https://www.datamintelligence.com/research-report/manufacturing-execution-systems-market
Download free sample: https://www.datamintelligence.com/download-sample/manufacturing-execution-systems-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Manufacturing Execution Systems (MES) are automated frameworks used in manufacturing to track and report the flow of raw materials to finished goods.
MES provides information that helps decision makers understand how current conditions in the plant can be optimized to improve production output. MES is a real-time process which enables the control of multiple elements of the production process.
Market Dynamics
Increasing industrial automation, demand for productivity, managing challenges in the manufacturing process, complying to quality control policies and growing application of cloud services are some of the salient factors responsible for the growth of the global manufacturing execution systems market.
According to the International Yearbook of Industrial Statistics 2018 released by United Nations Industrial Development Organizations (UNIDO), the world manufacturing value added (MVA) rose by 3.5% in 2017, the highest rate in the last seven years. According to the International Federation of Robotics (IFR), over 1.8 million industrial robots were in operation globally at the end of 2016 pacing up the industrial automation growth rate.
The automation adoption rate in the manufacturing industry increased by an annual global average of 12% between 2011 and 2016.
Market Segmentation
The Global Manufacturing Execution Systems market has been segmented by type of product, application, and geography.
Based on the industrial application, the market is segmented as Discrete Industry and Process Industry. The discrete industry segmented is further divided into the following areas as oil and gas, pharmaceuticals, chemicals, paper, and pulp and others.
The oil and gas industry is expected to drive the global manufacturing execution systems market at a higher rate owing to the increasing demand for automation in oil and gas industry and high global production of oil and gas.
According to the International Energy Agency (IEA), the global oil demand in 2018 is 6.9mb/d and is expected to reach 104.7mb/d by 2023 rising at an average annual rate of 1.2mb/d. According to Global energy statistical yearbook, the global oil production in 2005 was about 88721 thousand barrels per day and reached 92649 thousand barrels in 2017 with a 0.7% annual growth rate.
Automation and Instrumentation services in Digital oilfields include Supervisory control and data acquisition (SCADA) smart well sensors, wireless sensors, distributed control systems and other components which are widely used to monitor industrial operations and real-time process data.
These components are crucial for driving the market, and the oil and gas industry is expected to dominate the global manufacturing execution (MES) market in the future.
Competitive Trends
For instance, in January 2019, Dassault systems completed the acquisition of IQMS, a manufacturing ERP software company. With this acquisition, Dassault systems aim to expand its business platform to small and midsized manufacturing companies seeking to transform their business digitally.
This combination will enhance the Schneiders reach in engineering and industrial software with scale and reference in manufacturing operations and optimization areas.
New product launches and expansion of facilities are some other essential strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate.
The wireless sensor makes it easier and less costly to get data from plant processes. Similarly, in March 2018, Eyelit Inc launched the new IP Shield module the latest release of its new MES suite. This new IP Shield module helps companies control access to confidential information across manufacturing processes.
The scope of the Report
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Based on the product type, the market is segmented as Resource allocation, inventory management, process control and optimization, performance analysis, quality analysis, and others.
Based on the application, the market is segmented as Discrete Industry and Process Industry. Based on the geography, the market is segmented into the following regions North America, South America, Asia-Pacific, Europe & ROW
.
View full sample: https://www.datamintelligence.com/research-report/manufacturing-execution-systems-market
Download free sample: https://www.datamintelligence.com/download-sample/manufacturing-execution-systems-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results