The report "Manufacturing Execution System Market with COVID-19 Impact by Offering (Software, Services), Deployment, Organization Size, Process Industry (Food & Beverages, Pharmaceuticals & Life Sciences), Discrete Industry, Geography - Global Forecast to 2026" is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026 at a CAGR of 8.3% from 2021 to 2026. The growing importance of regulatory compliances in industries such as food & beverages and pharmaceutical & life sciences is driving the demand for MES as it allows the tracking and standardization of different procedures followed during manufacturing. MES allows performing multiple activities simultaneously through proper optimization of production operations. Additionally, it allows to keep track of the entire supply chain operations. Therefore, increasing usage of industrial automation across process and discrete industries and the need for mass production are driving the demand for MES. Also, MES enables efficient information flow across the factory, thereby signifying its importance for establishing a connected supply chain, which in turn is promoting the adoption of MES solutions.
Browse 144 market data Tables and 52 Figures spread through 217 Pages and in-depth TOC on "Manufacturing Execution System Market with COVID-19 Impact by Offering (Software, Services), Deployment, Organization Size, Process Industry (Food & Beverages, Pharmaceuticals & Life Sciences), Discrete Industry, Geography - Global Forecast to 2026"
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Manufacturing execution system market for services to grow at highest CAGR during the forecast period
The demand for manufacturing execution system services is expected to grow at the highest CAGR 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.
For optimizing the output of manufacturing operations, it is imperative to have process selection services in place. All these ancillary services, apart from the main services such as installation, training, maintenance, and software upgrade, are expected to drive the services offering segment amidst the COVID-19 pandemic. However, the growth rate would not be close to the estimation of the pre-COVID-19 market scenario.
On-premise deployment of MES is expected to hold the largest share of the manufacturing execution system market during the forecast period
The process industry comprises sectors such as oil & gas, pharmaceuticals & life sciences, chemicals, food & beverages, pulp & paper, energy & power, and water & wastewater management. On-premises manufacturing execution systems are being increasingly deployed in these sectors as they allow manufacturers to manage the system within the premises, which reduces the time and cost. It also helped in increased security and enhanced the productivity of processes. Therefore, the market is expected to grow in the next five years.
The on-premises deployment segment has witnessed a slowdown in 2020 due to the fact many countries have ordered enterprises to work with bare minimum staff strength and is expected to grow significantly during the forecasted period. The maintenance of on-premises manufacturing execution systems would require trained staff to be present on the shop floor, which is something every manufacturer is trying to avoid. With the least human intervention, the hybrid model offers the best solution for deployment that would help manufacturers to get the most out of the manufacturing execution system during the post-COVID-19 scenario.
Pharmaceutical & life sciences industry to register the highest growth during the forecast period.
For companies operating in the pharmaceutical & life sciences domain, it is imperative to opt for solutions that would enable standardization of their manufacturing processes across various sites located in different regions. MES plays a vital role in connecting various equipment and systems on the production floor. Some of the major challenges faced in this industry include reduced batch sizes, short-term delivery cycles, and numerous regulations and mandates from the FDA and GMP.
MES offers real-time data and information which enables tracking, monitoring and optimization of all production operations. For efficient adherence of regulatory compliances, manufacturing execution systems are integrated with ERP and other allied systems, which ensures effective production. Therefore, MES helps in enhancing the product value as per the compliances. These systems raise alerts in case of any discrepancies during the manufacturing process and help in correcting them. This leads to fewer human errors and faster work.
Major manufacturers in the pharmaceutical & life sciences industries around the world are adopting MES solutions to standardize their manufacturing operations to help them in staying competitive. The adoption of hybrid MES helps to add value to products and accelerates the momentum across the life sciences value chain. Increasing focus on standardization and growing importance of regulatory compliances are key drivers for the adoption of MES solutions in the pharmaceutical & life sciences industry.
North America to dominate manufacturing execution system market during the forecast period
North America has been a significant contributor to the growth of the overall manufacturing execution system market owing to the increasing use of manufacturing execution systems in process and discrete industries in the region, and the presence of players developing MES solutions are some of the driving factors for the growth of the MES market in North America.
The North American market for manufacturing execution systems has slowed down in growth, but it still is expected to hold the largest market share in 2021. There has been a significant drop in the market size from 2019 to 2020 due to the region-wide lockdown. To fight the COVID-19-induced economic pandemic, the US government has recently passed a USD 2 trillion stimulus bill named the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Therefore, the North American market is expected to grow significantly during 2021 and 2026
The report profiles the most promising players in the market. The MES market is highly dynamic because of the presence of a significant number of big and small players operating in it. Key players in the market are ABB Ltd. (Switzerland), AVEVA plc (UK), Dassault Systèmes (France), Honeywell International, Inc. (US), Rockwell Automation, Inc. (US), Siemens AG (Germany), SAP SE (Germany), General Electric Company (US), Oracle Corporation (US), Emerson Electric Co. (US), and Werum IT Solutions GmbH (Germany)
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