The Europe Manufacturing Execution Systems Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
Industry 4.0 and the pace of market growth are both significantly impacted by the fact that several businesses, especially those in the manufacturing sector, are now utilizing the cloud and the Internet of Things (IoT) to streamline operations and boost revenue. Industry 4.0 is an idea for future goods that not only provides for greater quality, quicker production, and reduced pricing.
Implementing a manufacturing execution system in a given industry ensures efficiency, ensures output, manages costs, and provides predictable delivery dates. Industries need a proper system to monitor the entire manufacturing process due to the increased need for sustainable and optimal output results. This enables them to invest less time and labour in the manufacturing execution system process, which has also shown to be more reliable because there is no human involvement.
Process industries cover a wide range of significant industries, including chemicals, food and beverage, pulp and paper, oil and gas, energy and electricity, pharmaceuticals and life sciences, and water and wastewater management. On-premises manufacturing execution systems are being used more frequently in various industries because they enable producers to control the system on-site, saving time and money. Additionally, it has improved process effectiveness and security. Thus, it is anticipated that demand will increase in the future.
Despite having a significant impact on the overall semiconductor market, few analyses of the occupational health of workforce have been done in Europe. One example is the United Kingdom, where the Health and Safety Executive (HSE) examined some of the health hazards of semiconductor work in two minor studies. In order to get a competitive advantage, it will be crucial to consider the workforce's quality and expertise. Companies would need to focus considerably more on creating multidisciplinary teams to create novel business models and ever-more-complex products.
The Germany market dominated the Europe Manufacturing Execution Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,394.8 million by 2028. The UK market is experiencing CAGR of 7.5% during (2022 - 2028). Additionally, The France market is exhibiting a CAGR of 9.3% during (2022 - 2028).
Based on Offering, the market is segmented into Services and Software. Based on Deployment Type, the market is segmented into On-premises, Hybrid and On-demand. Based on Industry, the market is segmented into Discrete and Process. Based on Discrete Industry Type, the market is segmented into Automotive, Aerospace, Medical Devices, Consumer Packaged Goods and Others. Based on Process Industry Type, the market is segmented into Pharmaceuticals & Life Sciences, Food & Beverages, Oil & Gas, Chemicals, Pulp & Paper, Energy & Power, Water & Wastewater Management and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Manufacturing Execution Systems Market will Hit $21.9 Billion by 2028, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Honeywell International, Inc., General Electric (GE) Co., Dassault Systèmes SE, SAP SE, ABB Group, Oracle Corporation, Applied Materials, Inc., Emerson Electric Co., Rockwell Automation, Inc.
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