27 April 2021
The new report the Manufacturing Execution System Market Report to 2031: Forecasts by Function (Quality Analysis, Document Control, Inventory Management, Production Tracking, Production Performance Analysis, Resource Allocation, and Others), Industry (Automotive, Electronics, Aerospace & Defense, Oil and Gas, Food & Beverages, Chemical, Power & Energy, and Others), by Region, Country and Profiles of Leading Companies indicates that the Global Manufacturing Execution System Market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The Manufacturing Execution System Market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the manufacturing execution system."
Manufacturing execution systems are implemented based on cloud-based applications, where they are integrated with several other systems such as EMS, VMS, and AGV. Combining many systems and solutions helps manufacturing companies reap the benefits of different solutions in one process and yield better results. Additionally, it also ensures that the strict regulations related to traceability and documentation of products can be managed efficiently and effectively without interruption. These factors are expected to create opportunities for manufacturers in the manufacturing execution system market during the forecast period.
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. The need for connected supply chain and mass production to cater to the demand from growing population, rising industrial automation adoption in process & discrete industries, growing regulatory compliance, low deployment cost, and fiscal schemes executed by regional financial agencies to preserve manufacturing facilities floating among COVID-19 pandemic, which fuel the market's growth in the coming years.
The incorporation of the manufacturing execution system is directly proportional to manufacturing activities, and it is expected to witness significantly affected by COVID-19. Also, it is estimated that it will lead to a lower year-on-year growth rate in the global market for 2020 as compared with 2019.
The XX page report contains 131 tables and 233 graphs that add visual analysis in order to explain developing trends within the manufacturing execution system market. The report provides $ xx bn forecasts during the forecast period 2021-2031 for the manufacturing execution system submarkets, namely by function, i.e., quality analysis, document control, inventory management, production tracking, production performance analysis, resource allocation, and others.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies' chapter covering more than 15 companies leading the field in the manufacturing execution system.
The global manufacturing execution system market 2021-2031 report will be of value to anyone who wants to understand better the manufacturing execution system market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the manufacturing execution system industry.
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