Subject: MRR
USD 29.42 Bn growth in Manufacturing Execution Systems (MES) Market size | Shift toward Paperless Manufacturing Automation to Drive Growth | Technavio
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Technavio's latest offering, Manufacturing Execution Systems (MES) Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions.
The manufacturing execution systems (MES) market value is anticipated to grow by USD 29.42 billion, progressing at a CAGR of almost 20% during the forecast period.
Market Dynamics
Factors such as continued demand for automation in industrial sectors and shift toward paperless manufacturing automation will drive the growth of the Manufacturing Execution Systems (MES) Market during 2021-2025. However, high upfront initial investment and complex installation procedures might hamper the market growth.
The compliance with stringent government regulations is expected to open multiple growth opportunities for players in the market. But the integration issues with control-based manufacturing execution systems (MES) might impact the business of vendors during the forecast period.
Company Profiles
The manufacturing execution systems (MES) market report includes information on the product launches, sustainability, and prospects of leading vendors including ABB Ltd., Dassault Systemes SE, Emerson Electric Co., General Electric Co., Honeywell International Inc., Oracle Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
Competitive Analysis
The manufacturing execution systems (MES) market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By End-user, the market is classified into discrete industries and process industries. The market demand from discrete industries was significant in 2020.
- By Geography, the market is analyzed across APAC, North America, Europe, MEA, and South America. APAC will have the largest share of the market.
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Manufacturing Execution Systems (MES) Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of almost 20% |
Market growth 2021-2025 | USD 29.42 billion |
Market structure | Fragmented |
YoY growth (%) | 27.97 |
Regional analysis | APAC, North America, Europe, MEA, and South America |
Performing market contribution | APAC at 34% |
Key consumer countries | US, China, Germany, Japan, Canada, and France |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | ABB Ltd., Dassault Systemes SE, Emerson Electric Co., General Electric Co., Honeywell International Inc., Oracle Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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.
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