MES market for services to grow at highest CAGR during forecast period
The demand for MES services is expected to grow at the highest CAGR during the forecast period. Manufacturing execution systems. The manufacturers provide services such as opportunity assessment, solution migration and enhancement, product evaluation, MES application configuration, business analysis, selection services, customization, and multi-level support services.
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On-premise deployment of MES is expected to hold largest share of manufacturing execution system market during forecast period
The process industry comprises sectors such as oil & gas, pharmaceuticals & life sciences, chemicals, food & beverages, pulp & paper, energy & power, and water & wastewater management. On-premises manufacturing execution systems are being increasingly deployed in these sectors as they allow manufacturers to manage the system within the premises, which reduces the time and cost. It also helped in increased security and enhanced the productivity of processes. Therefore, the market is expected to grow in the next five years.
North America to dominate manufacturing execution system market during forecast period
North America has been a significant contributor to the growth of the overall manufacturing execution system market owing to the increasing use of manufacturing execution systems in process and discrete industries in the region, and the presence of players developing MES solutions are some of the driving factors for the growth of the MES market in North America.
The report profiles the most promising players in the market. The MES market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are ABB Ltd. (Switzerland), AVEVA plc (UK), Applied Materials, Inc. (US), Dassault Systèmes (France), Honeywell International, Inc. (US), Rockwell Automation, Inc. (US), Siemens AG (Germany), SAP SE (Germany), Oracle Corporation (US), and Werum IT Solutions GmbH (Germany).
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