Manufacturing Execution Systems (MES) are automated frameworks used in manufacturing to track and report the flow of raw materials to finished goods.MES provides information that helps decision-makers understand how current conditions in the plant can be optimized to improve production output. MES is a real-time process that enables the control of multiple elements of the production process.
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Market Dynamics
Increasing industrial automation, demand for productivity, managing challenges in the manufacturing process, complying with quality control policies, and growing application of cloud services are some of the salient factors responsible for the growth of the global manufacturing execution systems market.Changes in monetary and social conditions set apart by a significant increase in manufacturing indicate the growing rate of industrialization among the countries of the world.According to the International Yearbook of Industrial Statistics 2018 released by the United Nations Industrial Development Organizations (UNIDO).
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Segment Analysis
The Global Manufacturing Execution Systems market has been segmented by type of product, application, and geography.Based on the industrial application, the market is segmented into Discrete Industry and Process industries. The discrete industry segment is further divided into the following areas as oil and gas, pharmaceuticals, chemicals, paper, pulp, and others.The oil and gas industry is expected to drive the global manufacturing execution systems market at a higher rate owing to the increasing demand for automation in the oil and gas industry and the high global production of oil and gas.
Competitive Landscape
Key players are Dassault Systems, Emerson Electric, Eyelit Inc, Schneider Electric SA, SAP, Siemens AG, Rockwell Automation, General Electric, Honeywell Automation, Werum Software and Solutions, ABB.
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