The global manufacturing execution system (MES) market is chiefly driven by the increase in demand for fast-moving consumer goods (FMCG) across the world. High volatility in market situations coupled with changing consumer behavior highly dependent on dynamic lifestyles, and a huge competition imposed by the rising number of new entrants day by day, will collectively augment the Manufacturing execution system (MES) market growth.

In addition, the proliferating consumer electronics industry owed to rapid technological advancements in recent years should further support the expansion of the manufacturing execution system (MES) market outlook. Global Systems for Mobile Communication (GSMA) reveals that the worldwide count of unique mobile subscribers has already exceeded 5 billion, which in turn indicates an upcoming rise in the demand for smartphones, ultimately propelling the growth of the consumer electronics sector. 

Moreover, the growing adoption of consumer electronic devices such as smart televisions, laptops, smartwatches, tablets, among many others is poised to stimulate the manufacturing industry in the coming years, further thrusting the Manufacturing execution system (MES) market size during 2020-2026.

The unprecedented growth of the manufacturing sector complemented by the awareness of regulatory compliance among the manufacturing units is likely to fuel the manufacturing execution system (MES) market demand in the years to come. Other factors accelerating the adoption of the Manufacturing Execution System (MES) are its lower cost of deployment, higher process efficiency, and familiarity with various industry verticals.

How will the revamping of supply chain management boost manufacturing execution system (MES) market trends?

Supply chain management is one of the most essential elements in the manufacturing industry. While the majority of companies have been using product lifecycle management (PLM) and entity resource planning (ERP) from years, most of them have started realizing the added advantages of incorporating the MES system.

The supply chains of the manufacturing industry are presently undergoing a rapid transition by shifting into smart networks for enabling the much needed real-time track-and-trace abilities in this dynamic world. This has led them to transform from the more like a mechanical branch of an enterprise into a smart IT enterprise ecosystem.

Manufacturing companies have started leveraging the MES infrastructure for implementing dynamic protocols which have not only helped them to enhance the product quality but also have aided to reduce the overhead cost, thus improving the overall process efficiency.

How will the manufacturing execution system (MES) market grow from the pharmaceuticals application segment during the forecast period?

However the consumer electronics and FMCG are the major applicants of MES, the manufacturing execution system (MES) market from the pharmaceuticals segment is projected to witness a significant growth of XX% CAGR, through the forecast period. Especially the unprecedented growth of the pharmaceutical industry as compared to other end-user segments should bolster product penetration during the forecast period.

The pharmaceutical industry enjoys a high significance among other industries and is one of the fastest-growing industry verticals at present, imposing a strong foothold in the market. Furthermore, the Companies involved in this sector are readily available to incorporate new technologies so as to enhance the production yield, thus supporting the segmental growth.

Which factors will influence the North America manufacturing execution system (MES) market share during 2020-2026?

At present, the North American region held a dominant share in the manufacturing execution system (MES) market and is projected to continue its torrid growth graph owing to technological advancements in the manufacturing industry. Ongoing up-gradation of machinery and industrial tools well supported by the increasing start-up culture in the region is expected to boost the North America manufacturing execution system (MES) market share over the years to come.