PUNE, India, November 16, 2016 /PRNewswire/ --
The report "Manufacturing Execution System Market by Deployment Type (On-Premises, On-Demand, and Hybrid), Offering (Software and Services), Process Industry (Food & Beverages, Oil & Gas), Discrete Industry (Automotive, Medical Devices) - Global Forecast to 2022", published by MarketsandMarkets, was valued at USD 7.63 Billion in 2015 and is expected to reach USD 18.22 Billion by 2022, at a CAGR of 13.6% between 2016 and 2022.
Browse 69 market data Tables and 94 Figures spread through 187 Pages and in-depth TOC on "Manufacturing Execution System Market"
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The factors that are driving the growth of market include low deployment cost, increasing use of industrial automation, adoption of MES owing to growing benefits, and importance of regulatory compliance.
"Software market to be the largest market in the overall manufacturing execution system market during the forecast period"
The software segment dominated the global manufacturing execution system market between 2016 and 2022. The MES software supports every manufacturing process. For example, if the MES is used for the manufacturing in process or batch, MES would automatically collect data from the production equipment functioning at a plant floor. If it is used in assembly process, the data would be collected from computer devices. When the data collection is automated, MES schedules, tracks, and modifies production activities as well as monitors and controls the performance of equipment.
"Hybrid market to grow at the highest rate between 2016 and 2022"
The hybrid model provides benefits of both on-premises and on-demand deployment type. It combines public and private clouds, which can be customized to compliment specific business requirements. A hybrid model enables the workload to flow between private and public clouds based on then requirement, creating a balance in terms of scalability, agility, performance, and flexibility. All these factors would lead to the higher adoption of hybrid deployment type during the forecast period.
"Pharmaceuticals and life science industry to account for the largest market share in the overall manufacturing execution system market"
The pharmaceuticals and life science industry is expected to hold the largest share of the global manufacturing execution system market for process industry in 2016. Manufacturing execution systems help manufacturers standardize their workflow and minimize lead times through electronic approval. They also help in managing the data which is later used for regulatory compliance.
North America expected to dominate the manufacturing execution system market between 2016 and 2022"
The growth of North America is mainly because of the heavy demand for manufacturing execution systems from the industries such as water and wastewater treatment, food and beverage, power industries, high adoption of cost-efficient automation technologies, increasing need of tracking real time data, improved visibility, and control on production activity. Further, supportive government programs and various events and conferences are also driving the growth of the North American market.
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The major players involved in the manufacturing execution system market include ABB Ltd. (Switzerland), Andea Solutions (Poland), Dassault Systemes SA (France), Emerson Electric Co. (U.S.), General Electric Company (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), SAP AG (Germany), Schneider Electric SE (France), Siemens AG (Germany), and Werum IT Solutions GmbH (Germany).
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