The Global Manufacturing Execution System Market was valued at USD 9.12 billion in 2017 and is projected to reach USD 23.28 billion by 2025, growing at a CAGR of 13.07% from 2018 to 2025.
Global Manufacturing Execution System Market Analysis
According to Verified Market Intelligence,
What is a Manufacturing Execution System?
A Manufacturing Execution System can be defined as IT enabled systems that provide solutions for optimizing and therefore improving the manufacturing process for production floor engineers and managers. The system essentially that connects, monitors and controls complex manufacturing systems on the factory floor.
The goal of the implementation of the manufacturing is to ensure effective execution of the manufacturing operations and improve production output.
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Global Manufacturing Execution System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the increasing use of industrial automation in process industries as well as the low deployment cost are leading to the growth of the Manufacturing Execution System market. Factors such as its high investment and cost involved in the implementation of the manufacturing execution system as well as the low adoption of these systems in medium and small sized companies are restraining the overall Manufacturing Execution System market growth.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client.
The “Global Manufacturing Execution System Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Manufacturing Execution System Market Competitive Landscape
The “Global Manufacturing Execution System Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Dassault Systèmes, Emerson Electric Co., General Electric Company, SAP Se and Andea Solutions. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Manufacturing Execution System Market, By Offering
- • Software
Global Manufacturing Execution System Market, By Deployment Type
- • On-Premises Deployment Type
• On-Demand Deployment Type
Global Manufacturing Execution System Market, By Process Industry
- • Food and Beverages
• Oil & Gas
• Pulp & Paper
• Pharmaceutical and Life Sciences
• Energy & Power
• Water and Wastewater Management
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Global Manufacturing Execution System Market Geographic Scope
- • North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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