Manufacturing Execution Systems Market worth $20.0 billion by 2027

(IT-NEWSWIRE.COM, July 26, 2022 ) The global manufacturing execution systems market size is expected to grow from USD 13.0 Billion in 2022 to USD 20.0 Billion by 2027, at a CAGR of 9.0%. The use of hybrid deployment type for manufacturing execution systems market and an inclination towards services to fuel the growth of manufacturing execution systems market.

Key Market Players:

Major players in manufacturing execution systems market Siemens (US), Rockwell Automation(US), SAP(US), Dassault Systemes(France) and Honeywell International(US).

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Automotive is one of the major end-user industries where hybrid deployment has been adopted to ensure the upgrading of the system according to the changes in the production process and customizing MES solutions as required. In addition, it helps synchronize the data processes across the complete supply chain operations in the automotive industry, hence hybrid deployment is expected to grow at highest CAGR for automotive industry during forecast period.

The automotive industry led the MES market for on-premises deployment in 2021. Growing production of vehicles and increasing adoption of manufacturing execution systems for automating car manufacturing plants are the major factors expected to drive the growth of the MES market for the automotive industry.

The growing awareness in China about the benefits of scheduling, control, and tracking of shop floor production processes through MES software is driving the growth of this market. The efforts taken by government agencies and the manufacturing sector are supporting the growth of the MES market in China.

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Manufacturing Execution Systems Market worth $20.0 billion by 2027