Manufacturing Execution System (MES) Market - Forecast, 2020-2027 - Gurgaon

The increasing demand for mass production and connected supply chain to meet the growing population need is the key factor that surges the demand for manufacturing execution systems across the globe. Additionally, lower deployment cost, growing requirement of industrial automation, especially in process and discrete industries, followed by the increasing importance of regulatory compliance, are further propelling the growth of the Manufacturing Execution System (MES) market size. The manufacturing sector is investing in the plant floor's automation to improve productivity, which is also bolstering the market growth.

Manufacturing sectors run on tight schedules with a high need to respond quickly and efficiently to the shifting customer preferences. MES enables shop floor operators, technicians, and supervisors to track, record, and observe shop floor activities effectively. Furthermore, MES solutions raise production processes' efficiency, decrease manufacturing costs, improve quality, and minimize lead times. According to the Manufacturing Execution System (MES) market report, the integration of advanced technology includes the Internet of Things (IoT) for smart manufacturing and field operations, is fuelling the market growth in the upcoming years. Manufacturing companies are changing the integration of IoT to improve the productivity and efficiency of the plant. The implementation of IoT into MES helps to offer real-time monitoring during the manufacturing process, along with facilitates the enterprises to implement integrated management and control. On the other hand, the high investment and running cost related to the manufacturing execution system hinders the market growth.

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