Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Manufacturing Execution Systems Market size is expected to reach $21.9 billion by 2028, rising at a market growth of 9.1% CAGR during the forecast period.
The Services market acquired maximum share in Global Manufacturing Execution Systems Market by Offering in 2021, thereby, achieving a market value of $12.3 billion by 2028. It is owing to the rise in the number of companies operating in this region. Along with that, there are many enterprises who are opting for MES services to improve the production of their business and operations. Also, the rapid pace of digitalization in the manufacturing sector would create opportunities for the key participants of MES market.
The Hybrid market has shown the growth rate of CAGR of 9.3% during (2022 - 2028). Due to the increasing significance of monitoring real information about the activities in oil and gas fields, the usage of hybrid implementation of manufacturing execution systems has grown in the oil and gas sector. Along with that, a hybrid manufacturing execution system also offers additional storage space, protecting data security.
The Discrete market is generating the highest revenue share in the Global Manufacturing Execution Systems Market by Industry in 2021, thereby, achieving a market value of $14.0 billion by 2028. Discrete manufacturing is the process of assembling and creating unique products, like constructing cars, bicycles, or mobile phones. In addition, process manufacturing cannot be undone, whereas discrete manufacturing can.
The North America market dominated the Global Manufacturing Execution Systems Market by Region in 2021; thereby, achieving a market value of $7.4 billion by 2028. The Europe market is exhibiting a CAGR of 8.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 10% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Deployment Type
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