Manufacturing Execution System Market Overview
The Global manufacturing execution system market size was valued at USD 12.1 billion in 2019 and it is expected to reach USD 27.5 billion by 2030 growing at a cagr of 13.2% between 2019 -2030. The growth can be attributed to the growing implementation of Industrial Automation for mass production and improvising the supply chain, stringent government compliances.
The manufacturing execution system helps in reducing the wastage and improving the production time by enhancing the overall production process. These systems are playing an important role in the post-implementation process and it includes services such as installation maintenance, software upgrade, and training.
Manufacturing execution systems can be segmented on the basis of the process industry into food and beverages, oil and gas, Chemicals, Pulp and Paper, Pharmaceutical & life science, energy and power, water and wastewater management, and others. The Pharmaceutical and life science equipment accounted for the largest market size in 2019 and it is anticipated to dominate the market over the upcoming few years.
Pharmaceutical and life science companies need to follow strict regulatory guidelines and standardize their operating process. The manufacturing execution system is to standardize the manufacturing process on all their sites does reduce the operational cost and maintain the safety guidelines.
Global manufacturing execution system market, by offering type, 2017 – 2030
Global manufacturing execution system market, by deployment type, 2017 – 2030
- On demand
Global manufacturing execution system market, By application type, 2017 – 2030
- Food and beverages
- Pharmaceutical and life science
- Energy and power
- Pulp and Paper
Global manufacturing execution system market, by industry type, 2017 – 2030
- Automotive and transportation
- Medical devices
- Aerospace and defense
Global manufacturing execution system market, by region, 2017 – 2030
- North America
- United States
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of the world