manufacturing execution system Market

The global manufacturing execution system market was valued at US$ 11,880.90 million in 2021 and is projected to reach US$ 24,286.32 million by 2028; it is expected to grow at a CAGR of 10.8% from 2021 to 2028.

The manufacturing execution system (MES) is crucial in coordinating various aspects of manufacturing operations, including logistics, equipment automation, and sales and planning. By synchronizing these functions, MES offers enterprises a comprehensive view to enhance their performance and regulatory compliance. Healthcare and pharmaceutical manufacturers face significant challenges, including shorter time-to-market expectations and increased regulatory complexities associated with product approval. Therefore, these manufacturers require innovative solutions to overcome these challenges efficiently. MES plays a vital role in ensuring regulatory compliance, including meeting Good Manufacturing Practice (GMP) requirements and Food and Drug Administration (FDA) mandates for electronic records and signatures. Additionally, MES enables manufacturers to document automated and manual procedures adopted throughout the production process, improving the accuracy of batch records. As a result, the demand for MES is increasing, particularly in industries that must comply with strict regulations. Cloud MES is becoming more popular in some industries, as cloud computing is one of the drivers of MES usage, along with digital transformation, IIoT, and more integrated approaches to leverage connected data, including advanced data and analytics platforms. The shift towards cloud MES and other cloud-based manufacturing applications is linked to the advantages of having a scalable infrastructure that allows for the optimal use of corresponding data, fast integration, and the changes in the cloud market, IoT platforms, and other applications used in smart manufacturing.

42Q; AVEVA Group plc; Dassault Syst Syst?mes SE; EAZYWORKS INC.; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; Oracle Corporation; SAP SE; and Rockwell Automation, Inc. are a few key players profiled during the study of the global manufacturing execution system market. In addition, several other essential market players were studied and analyzed to get a holistic view of the manufacturing execution system market and its ecosystem.

IMPACT OF COVID-19 PANDEMIC ON MANUFACTURING EXECUTION SYSTEM MARKET

The COVID-19 pandemic has had a significant impact on economies and various industries worldwide, leading governments to impose strict restrictions on travel and human movement. As a result, production and manufacturing of goods and services have been reduced due to mass lockdowns and business shutdowns.

The manufacturing execution system market has also been adversely affected by the pandemic, with disruptions in supply chains across multiple industries. According to the United Nations Industrial Development Organization's World Manufacturing Production Statistics, Europe had the worst manufacturing outcome in the second quarter of 2020, with a decline of 19.3%. Many manufacturing companies closed temporarily or reduced production operations, resulting in global trade loss. These factors have hindered the growth of the manufacturing execution system market in Europe in 2020.

The Manufacturing Execution System market size has been determined using primary and secondary sources. Secondary research has been conducted using internal and external sources to gather qualitative and quantitative information about the market. This process aims to provide an overview and forecast of the Manufacturing Execution System market for all its segments. Additionally, several primary interviews have been conducted with industry participants to validate the data and gain further analytical insights into the subject. Industry experts, including VPs, business development managers, market intelligence managers, and national sales managers, were among the participants in this process. External consultants such as valuation experts, research analysts, and key opinion leaders specializing in the manufacturing execution system market were also involved.