Manufacturing Execution Systems and Software (MES) are highly complex computerized systems utilized in manufacturing to monitor and record the physical transformation of raw materials into finished products. Manufacturing Execution Systems and Software (MES) is used not only to facilitate the process of manufacturing but also to improve on existing systems to ensure maximum throughput. Manufacturing Execution Systems and Software (MES) helps in reducing cycle times, thereby increasing production efficiency, and reducing waste. They can be either standalone units or integrated into a manufacturing process. The Manufacturing Execution Systems and Software (MES) helps in speeding up the rate at which products are made while reducing material usage and cycle times.
Market Dynamics
The main factor driving the growth of Manufacturing Execution Systems and Software (MES) is the changing scenarios in businesses all over the world, which is continually driving the key manufacturers to focus on cost-optimized production and improvement of production efficiency. The advancement of the technology sector worldwide is another main factor boosting the growth of the Manufacturing Execution Systems and Software (MES) market. For instance, according to CompTIA, in 2020 the global information technology industry generated approximately US$ 5.2 trillion. A Manufacturing Execution Systems and Software (MES) starts with an overview of the current production flow, which includes summing up all variables involved in the production process such as the number of units produced per period, manufacturing costs, material costs, and other operating costs. All the variables are summed up so that a final value is arrived at. With this information, the source of variability is then calculated and the manufacturing process is adjusted according to the variable. The adjustment can either be downsized or increased depending upon the results of the simulation. This is very beneficial for businesses and is expected to drive market growth.
However, the very high investment coast and the cost of up-gradation and implementation of MES is the main restraining factor hindering the growth of the Manufacturing Execution Systems and Software (MES) market.
This market is distributed in five regions that include Asia-Pacific, North America, Africa, and the Middle East, Europe, and Latin America. Among these, North America is expected to hold a significant share of the market owing to the implementation of MES in businesses rapidly. For instance, in January 2018, Mellanox Technologies implemented the manufacturing execution system (MES) of Eyelit for the improvement of the production process. The Manufacturing Execution Systems and Software (MES) market in the Asia Pacific is estimated to witness significant growth owing to the rapidly increasing demand for optimization of processes by manufacturers in developing nations such as India and China.
Competitive Analysis
Key players operating in the global manufacturing execution systems and software (MES) market include Accenture Plc., Oracle Corporation, SAP SE, Honeywell International Inc, HCL Technologies Limited, General Electric Corporation, Emerson Electric Co, Dassault Systems SA, Atos SE, and ABB Ltd.
In March 2021, Mettler-Toledo launched a new software update for digital food traceability.
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