The global Manufacturing Execution System (MES) market is expected to grow at a significant CAGR of 9.6% during the forecast period (2024-2031). The market growth is driven by the surging penetration of IoT technology among various manufacturing sectors. Additionally, the increasing transformation and advancement in technologies for real-time data tracking, control of off-site development operations, and improved data visibility are propelling the market growth. Moreover, the rising emergence of digital communication systems are dominant factor that will contribute positively to the development of the global manufacturing execution system market.
The global manufacturing execution system market is segmented by offering (software and service), by deployment type (on-premise, on-demand and hybrid), by process industry (food & beverages, oil & gas, chemicals, pulp & paper, pharmaceutical & life sciences, energy & power, water & wastewater management and others), and and by geography (into North America, Europe, Asia-Pacific, and the Rest of the World).
The key players in the global manufacturing execution system market are significantly contributing to the market growth, by launching different types of products and increasing their geographical presence across the globe- through partnerships, collaborations, mergers and acquisitions. The key players include ABB Ltd., AVEVA plc, Dassault Systèmes, Honeywell International Inc., Rockwell Automation Inc.
Recent Developments
- In April 2024, AVEVA expanded CONNECT, its industrial intelligence platform with data and visualization services for hybrid MES solutions. The hybrid MES solution enables manufacturing companies to manage production data in the cloud, to improve supply chain agility with enterprise-wide visibility into distributed plant operations. It enables companies to optimize their operational performance and sustainability with new insights and guidance provided by advanced analytics, Artificial Intelligence (AI), and data visualization.
- In February 2023, AVEVA released the AVEVA Manufacturing Execution System 2023. It promotes increased supply chain resilience and agility with unified visibility, reporting, and KPIs across multi-site operations.
- In February 2023, GE Digital, a part of GE Vernova announced new enhancements to its cloud-based MES software in the Proficy Smart Factory portfolio at the 27th Annual ARC Industry Forum in Orlando, Florida. The software can help process, discrete, and mixed-environment manufacturers of any size to reduce total cost of ownership (TCO) by up to 30%, decrease maintenance, and improve security. It is fully hosted as a managed service and provides companies with the robust, composable no-code technology to improve operations in real-time, and additionally allow flexible deployment.
- In May 2022, Critical Manufacturing, released version nine (V9) of its MES. The platform provides manufacturers with a powerful and flexible pathway to Industry 4.0 (I4.0) manufacturing, to deliver increased efficiency, enhanced quality and yield, and a way to deal with fast-paced, constantly changing markets and customer demands. It offers flexible deployment architectures, faster revision handling, powerful data management tools, and robust security.
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