Manufacturing Execution System Market with COVID-19 Impact - Global Forecast to 2026

The Manufacturing Execution System market study offers a thorough analysis of the key factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. The manufacturing execution system market is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026 at a CAGR of 8.3% from 2021 to 2026

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=536&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali

COVID-19 has severely impacted the global economy and all the industries throughout the globe. Earlier mostly companies had to put a stop to all the manufacturing operations but now the lockdown has been uplifted in many parts of the world. Many remedial regimes have been followed in attempts to come up with a reliable treatment for COVID-19. At present, the approaches being used by the authorities are not prescribed by WHO.

As the production has been affected by the COVID-19-triggered lockdown in 2020, the use of manufacturing execution systems has reduced. Most of the revenue generated in the manufacturing execution system market is from the services provided in the market. As the services are directly proportional to manufacturing activities, the manufacturing execution system market was thus getting significantly affected by COVID-19. This has resulted in a lower year-on-year growth rate for 2020 as compared with 2019.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=536&utm_source=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali

IT/OT convergence is the integration of information technology (IT) systems with operational technology (OT) systems. IT systems are used for data-centric computing, whereas OT systems monitor events, processes, and devices make adjustments in enterprise and industrial operations. IT and OT convergence also define the integration of IT systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications, with OT systems, such as Manufacturing Execution Systems (MES) and Supervisory Control and Data Acquisition (SCADA). Various organizations unlock several benefits from process automation and business intelligence with IT and OT for ensuring regulatory compliance.

The shifting of an existing manufacturing environment to a manufacturing execution system involves various stages, which, when understood properly, enable small- and medium-sized companies to implement manufacturing execution systems in a cost-effective manner. Presently, the implementation of advanced manufacturing execution systems requires a proper software platform for the system, its integration with ERP, and data which needs to be exchanged within the internal software and MES software, which will help in decision-making. Small- and medium-sized companies are unable to implement advanced MES solutions as they require high investment. Also, they are not quite aware of the benefits of advanced MES solutions. These factors are currently restraining the growth of the market.

Manufacturing execution systems perform various functions, such as managing products and resources, scheduling, dispatching, collection of data, analyzing the performance, and auditing data. For the smooth functioning of these processes and effective results, manufacturing execution systems are integrated with various solutions, such as ERP, supply chain management (SCM), warehouse management system (WMS), decision support system (DSS), business intelligence, and e-commerce. For example, integration of manufacturing execution systems with ERP WMS enables to maintain orders that come in the warehouse. To feed the data in the system accurately and in a timely manner, an order management system within the MES solution is used. The integration of manufacturing execution system market with PLM would deliver advantages such as improved planning and high productivity by making necessary changes on the engineering floor.

The APAC region is expected to hold the largest share of the manufacturing execution system market during the forecast period. The demand for manufacturing execution systems is very high in APAC for implementing the change from manual or legacy systems to automated systems. The MES market in China is expected to grow mainly due to the increasing number of manufacturing units in the country, which is expected to create huge demand for MES software. Another reason for the growth of the MES market in APAC is the increase in the number of manufacturing plants in various sectors such as automotive, textiles, power, and pharmaceuticals where manufacturing execution systems are in high demand.

ABB Ltd. (Switzerland), AVEVA plc (UK), Dassault Systèmes (France) Honeywell International, Inc. (US),Rockwell Automation, Inc. (US),Siemens AG (Germany),SAP SE (Germany),General Electric Company (US), Oracle Corporation (US), Emerson Electric Co. (US), and Werum IT Solutions GmbH (Germany) are among a few major players in manufacturing execution system market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

Contact:

 Mr. Aashish Mehra

 MarketsandMarkets™ INC.

 630 Dundee Road

 Suite 430

 Northbrook, IL 60062

 USA : 1-888-600-6441

 [email protected]