Market Highlights
The global market for modern manufacturing execution systems is projected to grow at a CAGR of 16.1% during the forecast period (2020–2027)
Globally, the modern manufacturing execution system (MES) market has been categorized into four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further divided into the Middle East & Africa and South America. North America led the modern manufacturing execution market in 2018, whereas Asia-Pacific is expected to be the fastest-growing region in the modern manufacturing execution market during the forecast period. Europe followed North America in the modern manufacturing execution market in terms of share in 2018.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1094
Segmentation:
The global modern manufacturing execution system market is classified based on component, deployment, discrete industry, and region.
Based on component, the modern manufacturing execution system market has been segmented into software and services.
Based on deployment, the modern manufacturing execution system market has been segmented into on-premise, on cloud, and hybrid.
Based on discrete industry, the modern manufacturing execution system market has been divided into automotive, aerospace & defense, medical, FMCG, electronics, and others.
Regional Analysis
The geographic analysis of the modern manufacturing execution system market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
The major modern manufacturing execution system providers in the region holding the largest market share are expected to contribute to this region's dominance in the market during the forecast period. Among the key countries in North America, the US has witnessed a steady growth in the modern manufacturing execution system market over the last decade owing to the high demand for these systems from the industries such as water and wastewater treatment, food and beverage, power industries.
As per MRFR analysis, Europe accounted for nearly one-third of global investment in Industry 4.0, and the countries in Western and Northern Europe, mostly Germany, are the principal markets. Rapid Adoption of IoT and industrial automation has enhanced the growth of the modern manufacturing executions system market in the region to a fair degree.
Government initiatives to support industrial automation drive the demand for modern manufacturing execution systems in Asia-Pacific. Manufacturing plants in the region are heavily investing in R&D for industrial automation, Industrial Internet of Things (IIoT), and cloud technology. These manufacturing companies are increasingly adopting new, improved modern manufacturing execution systems.
The rest of Asia-Pacific comprises Taiwan, Malaysia, Singapore, and other neighboring countries. The manufacturing industry in most of these countries is the major contributor to the GDP. Thereby, the government is actively investing in initiatives to promote Industry 4.0. The manufacturing industry is increasingly adopting new technologies and planning for a mass restructuring of its manufacturing systems in these countries.
The rest of the world comprises the Middle East & Africa and South America is majorly driven by the digital transformation of factories in the region. Furthermore, the increase in investments and government initiatives to support advancements in industrial automation in these regions contributes to the regional market growth.
Key Players
The key players of the global modern manufacturing execution system market include Siemens AG (Germany), ABB LTD (Switzerland), Emerson Electric CO. (US), General Electric Company (US), Applied Materials Inc (US), SAP SE (Germany), Werum IT Solutions Gmbh (Germany), Rockwell Automation Inc (US), Dassault Systemes (France), Honeywell Internationational Inc (US), and Tebis Technische Informationssyteme AG (US).
Browse Complete Report @ https://www.marketresearchfuture.com/reports/modern-manufacturing-e...
Global Modern Manufacturing Execution System Market Research Report: By Component (Software (Enterprise Resource Planning (ERP), Warehouse Management, Product Lifecycle Management (PLM)), Service (Consulting & Development, Training & Support, Integration Service)), Deployment (Cloud, On-Premise), Discrete Industry (Electronics, Automotive, Medical, FMCG, Aerospace & Defense) - Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]