Modern Manufacturing Execution System Global Market Report 2024

The modern manufacturing execution system market size has grown rapidly in recent years. It will grow from $16.95 billion in 2023 to $19.68 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth witnessed in the historic period can be attributed to several factors, including regulatory compliance requirements, the imperative for operational efficiency, the growing demand for real-time visibility into manufacturing processes, the integration of Manufacturing Execution Systems (MES) with enterprise systems, and the escalating complexity of manufacturing operations. These factors collectively drove the adoption and expansion of MES solutions during this period.

The modern manufacturing execution system market size is expected to see rapid growth in the next few years. It will grow to $38.08 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The projected growth is driven by the widespread uptake of Industry 4 technologies, a transition towards cloud-centric solutions, prioritization of predictive maintenance, rising intricacies in manufacturing processes, and a heightened focus on sustainable and eco-friendly manufacturing practices. Key trends anticipated in the forecast period encompass swift integration of cloud solutions, alignment with emerging technologies, heightened emphasis on data analytics and predictive analytics, broader adoption of Manufacturing Execution Systems (MES) among small and medium-sized enterprises (SMEs), and strengthened interoperability and connectivity across systems.

The anticipated rise in the adoption of cloud-based solutions is set to drive the growth of the modern manufacturing execution system (MES) market. Cloud-based solutions, which encompass software, platforms, or infrastructure services accessed over the internet, are gaining traction due to their scalability, flexibility, accessibility, and cost-effectiveness. Within the manufacturing sector, cloud-based MES solutions empower manufacturers with real-time production data access, multi-location collaboration, and efficient scalability through remote servers and internet-based services. For example, Eurostat reported a notable increase in cloud computing adoption across European businesses in 2023, with 45.2% of EU businesses acquiring cloud services, representing a 4.2% rise from 2021. This trend, including the increased adoption among medium-sized and small enterprises, underscores the pivotal role of cloud-based solutions in driving modern MES market expansion.

Key players in the modern manufacturing execution system market are strategically focusing on product innovation, particularly in Manufacturing Execution System (MES) software development, to enhance competitiveness. MES software, a computerized system integral to manufacturing industries for real-time production process tracking and management, is undergoing significant advancements to cater to evolving industry demands. For instance, in February 2023, AVEVA launched an updated version of its MES software tailored for data center deployments. This version, equipped with multi-site support, caters to data center operators by augmenting MES capabilities in monitoring, control, asset performance, and operations optimization. Digitizing and standardizing operational processes across manufacturing plants, MES software effectively manages inventory, production, and quality-related activities, ensuring cost-efficient production of high-quality products.

In October 2021, Infor completed the acquisition of Lighthouse Systems, a UK-based provider of manufacturing execution system (MES) software, for an undisclosed sum. This strategic move is poised to bolster Infor's solutions portfolio, enabling the integration of MES software with industry-specific enterprise resource planning (ERP) systems. With Lighthouse Systems' expertise, Infor aims to offer fully integrated MES solutions tailored for smart manufacturing environments, enhancing operational efficiency and agility across manufacturing processes.

Major companies operating in the modern manufacturing execution system market are Siemens AG, Accenture Plc, General Electric Company, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd, Applied Materials Inc., Emerson Electric Co., Rockwell Automation Inc., Dassault Systèmes, Krones AG, Epicor Software Corporation, Aptean Inc., MPDV Mikrolab GmbH, Plex Systems, Yokogawa Electric Corporation, Lighthouse Worldwide Solutions, Werum IT Solutions GmbH, Aegis Software, InfinityQS International, Tebis Technische Informationssysteme AG, Critical Manufacturing, FORCAM GmbH, ATS Global.

North America was the largest region in the modern manufacturing execution system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modern manufacturing execution system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the modern manufacturing execution system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A contemporary manufacturing execution system (MES) is a software-driven solution designed to oversee, monitor, and regulate manufacturing activities in real-time. Positioned at the forefront of the Industry 4 paradigm, this system facilitates data-centric decision-making, enhances productivity, reduces expenses, and facilitates the digital metamorphosis of manufacturing workflows. In today's industrial environment, the modern MES is indispensable for enterprises striving to augment operational visibility, optimize production processes, and adapt to the dynamic demands of the sector.

The primary components of the modern Manufacturing Execution System (MES) consist of software and services. Software encompasses the suite of programs and applications responsible for controlling and harnessing hardware capabilities, facilitating a range of computing functions and tasks. These software solutions can be deployed in diverse modes, including on-premise, cloud-based, and hybrid setups, catering to a multitude of applications across industries such as fast-moving consumer goods (FMCG), medical, automotive, electronics, aerospace and defense, among others.

The modern manufacturing execution system market research report is one of a series of new reports that provides modern manufacturing execution system market statistics, including modern manufacturing execution system industry global market size, regional shares, competitors with a modern manufacturing execution system market share, detailed modern manufacturing execution system market segments, market trends and opportunities, and any further data you may need to thrive in the modern manufacturing execution system industry. This modern manufacturing execution system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The modern manufacturing execution system market includes revenues earned by entities by providing services such as implementation services, integration services, and support and maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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