Unveiling Future Prospects: MES Market's Remarkable Journey to Reach US$ 61.8 Billion by 2033 (Business Opportunities - Marketing & Sales)
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Unveiling Future Prospects: MES Market's Remarkable Journey to Reach US$ 61.8 Billion by 2033 | |
The global manufacturing execution systems (MES) market size is likely to be valued at US$ 18.2 billion in 2023. The increasing application of Manufacturing Execution Systems (MES) in end-use industries is driving market growth. The market is estimated to garner US$ 61.8 billion in 2033, recording a CAGR of 13.0% from 2023 to 2033 The increasing demand for operational efficiency, automation, and digitization in manufacturing industries to optimize their production processes, improve quality, and reduce costs, are expected to drive the growth of the manufacturing execution system market during the forecast period. The increasing demand for manufacturing execution systems (MES) from various industries such as automotive, oil & gas, chemical, healthcare, and consumer packed goods, are expected to propel the market growth during the forecast period. Get an overview of the market from industry experts to evaluate and develop growth strategies. Get your sample report here https://www.futuremarketinsights.com/reports/sample/rep-gb-17317 Innovations in technology such as big data, cloud computing, and IoT have propelled the manufacturing execution systems (MES) market. Manufacturing execution systems provide real-time visibility and actionable insights into production processes for manufacturers. MES systems play a crucial role in integrating and optimizing manufacturing operations, facilitating the use of technologies like the Internet of Things (IoT), big data analytics, artificial intelligence (AI), and machine learning (ML). Asia Pacific is expected to hold the largest share of the manufacturing execution system market due to the increasing industrialization and ongoing development of manufacturing sites in nations like India & China The manufacturing execution system market in Europe is expected to witness significant growth in the coming years due to the increasing demand for MES system with real-time analytical capacity. Key Takeaways from this Market Report: From 2018 to 2022, the manufacturing execution systems (MES) market demand expanded at a CAGR of 14.7%. Based on components, the software segment accounts for a CAGR of 12.9%. By deployment, the on-premises segment is expected to expand at a CAGR of 12.7% during the forecast period. North America to emerge as a promising market, capturing a CAGR of 13.0%. Asia Pacific is an opportunistic market, expected to capture a CAGR of 13.0% during the forecast period. Competitive Landscape: | |
| Target State: Delaware Target City : Newark, Delaware Last Update : Feb 09, 2024 10:18 AM Number of Views: 101 | Item Owner : Sudip Saha is the managing director and co-founder at Future Market Insights Contact Email: Contact Phone: 8455795705 |
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2024-11-17 (0.382 sec)