Revenue Forecast

The revenue estimate for the base year 2023 is 13,658.9 million dollars, with a CAGR of 9.3% for the study period 2023–2030.

The Impact of the Top 3 Strategic Imperatives on the Manufacturing Execution Systems (MES) Industry

Disruptive Technologies

Why:

• Vendors are updating the technological base of their products to offer more value to their customers.
• Innovations are crucial to reaching the portion of the market still going through the digital transformation journey.

Frost Perspective:

• Modular MES products based on microservices and hosted in the cloud, as a virtual private cloud (VPC) or software-as-a-service (SaaS), will become the standard in the MES market.
• Merging MES with other disruptive technologies such as artificial intelligence (AI), augmented reality (AR), virtual reality (VR), digital twin, and edge computing will be key to securing future growth.

Competitive Intensity

Why:

• Technological innovations are boosting new and smaller companies in the MES market.
• There have been multiple mergers and acquisitions (M&As) in recent years, which shows that incumbents are racing to increase their market share while the market is still fragmented.

Frost Perspective:

• Staying up-to-date with the technology, having extensive and reliable sales channels that expand the client portfolio, demonstrating industry-specific expertise, and being able to offer solutions rather than products will be key to remaining competitive as the market consolidates.

Transformative Mega Trends

Why:

• Sustainability awareness is becoming mainstream, and all industries are already impacted in some way. This can represent an opportunity for MES.
• Extreme customization (or N=1) will become a reality soon, and manufacturers must adapt accordingly.

Frost Perspective:

• MES will become a key component in every manufacturer’s digital transformation strategy.
• Companies should work on reducing waste, optimizing resources, and quickly adapting to changing demands.

Scope of Analysis

• This report is an in-depth analysis and forecast of the global MES market. Frost & Sullivan defines MES as the software that connects the manufacturing floor with enterprise systems like enterprise resource planning (ERP), supply chain management (SCM), and product lifecycle management (PLM). It supervises all physical processes involved in transforming raw materials into finished goods. Some of its core capabilities include translating production plans into detailed work orders, scheduling work orders and dispatching resources, downtime tracking, overall equipment efficiency (OEE) monitoring, product data tracking (genealogy and location), and quality monitoring.
• Over the years, as the MES market has expanded, vendors have begun to incorporate additional capabilities into their MES products or sell them as separate modules.
• MES, along with these additional applications, are part of what is known as manufacturing operations management (MOM). It is common to find sources that use MES and MOM interchangeably, as MES is the most important component of MOM. However, this may lead to some confusion as to what products are being considered when sizing the market. This report will explain which of those additional functionalities were considered for the sizing of the market.
• This report segments the global MES market by offering (software or services) and by industry type (process, hybrid, and discrete). Process industries include oil & gas, chemicals, metals & mining, power, and water & wastewater. Hybrid industries include food & beverage, pharmaceuticals, pulp & paper, and batteries. Finally, discrete industries include automotive, aerospace & defense, medical devices, semiconductors & electronics, and solar & photovoltaic.
• The report segments the global MES market into the following regions: North America and Latin America (NALA), Europe, the Middle East, and Africa (MEA), and Asia-Pacific (APAC). APAC includes China, India, Japan, South Korea, Southeast Asia, Australia and New Zealand (ANZ), and the rest of APAC. Europe refers to Germany, France, the United Kingdom, Italy, Scandinavia, the Commonwealth of Independent States (CIS), and the rest of Europe. NALA refers to Canada, the United States, and Latin America (LATAM).

Segmentation by Industry Vertical

Process Industry

• Oil & Gas
• Chemical
• Metals & Mining (Metals)
• Power
• Water & Wastewater (WWT)

Hybrid Industry

• Food & Beverage (F&B)
• Pulp & Paper
• Pharmaceutical (Pharma)
• Battery

Discrete Industry

• Medical Devices (MD)
• Automotive
• Aerospace & Defense (A&D)
• Semiconductor & Electronics (S&E)
• Solar & Photovoltaic (Solar)

Competitive Environment

Key Competitors

• Honeywell / Performix
• Rockwell Automation / Plex
• Emerson / Aspen Tech
• Oracle
• GE Digital
• Aegis Industrial Software
• Applied Materials
• Aptean
• Parsec Automation
• Tulip Interfaces
• iBaseT
• 42Q
• Seapsoft
• EyeLit
• Epicor
• Shoplogix
• Iconics
• Infor
• Insequence
• Pico MES
• Factivity
• Symphony AI
• AMFG
• CIMx Software
• POMS Corporation
• ABB
• Schneider Electric / Aveva / Prolit
• Siemens
• SAP
• Delfoi
• Dassault Systemes
• Critical Manufacturing
• iTac Software / Durr
• MPDV
• Seiki Systems
• Tebis Technische Informations Systems
• Werum IT Solutions / Koerber
• Greycon
• PSI Metals
• Objective International
• Operator Systems
• Ordinal Software
• Forcam
• Brighteye
• MTEK
• Opera MES
• UNIS Inc
• Yokogawa
• Azbil Corporation
• Fujitsu
• Samsung SDS