The North America Manufacturing Execution Systems Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
By implementing connected production systems rather than conventional production techniques and cutting-edge smart manufacturing technology, manufacturing organizations are transforming their business practices. Manufacturing execution system (MES) industry participants are creating information tracking and monitoring solutions for factory floor manufacturing.
To cut unnecessary infrastructure costs for new technologies, MES solution vendors are providing industrial linked solutions that interact with already-existing system infrastructure. Accurate and real-time data regarding the whole production cycles are gathered and tracked with the help of manufacturing execution systems. Market expansion is being fueled by developments and innovations in big data, cloud computing, and IoT.
The MES communicates with shop floor machine control systems, inventory, quality control, and document management systems in order to carry out the manufacturing plan. Work-order dispatch, tracking, report generation, capacity planning, and statistical process control are examples of typical functions (SPC). The MES transmits machine parameters and settings to the machine controllers and gets real-time updates on the state of the task and process.
One of the possible prospects for the market is the region's ongoing expansions and investments in digitalization across all industries. The market expansion in the region is owing to the rise of SMEs and the growing digitalization of manufacturing functions by major corporations like IBM and General Electric. While major firms have considerable expenditures for digitization, SMEs are becoming more adaptable to integrating new technology with their current systems. This is making EMS adoption possible across this region.
The US market dominated the North America Manufacturing Execution Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,349.3 million by 2028.The Canada market is estimated to grow at a CAGR of 10.3% during (2022 - 2028). Additionally, The Mexico market is estimated to witness 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Manufacturing Execution Systems Market is Estimated to reach $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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