Manufacturing Execution System (MES) Market Projections, COVID-19 Pandemic Shapi
Posted by Fred Williams on January 25th, 2022
The demand within the global manufacturing execution system (MES) market is growing on account of advancements in the secondary sector. The essence of industrial manufacturing lies in achieving agility of operations, and reducing the cost and time per unit of production. Furthermore, industrial units have shown immense enthusiasm in embracing computing technologies that can accelerate the process of manufacturing. The pervasiveness of manufacturing execution systems has paved way for increased revenues within the market. Decision-makers across industrial units need to be wary of their responsibility in managing manufacturing processes. Henceforth, the global manufacturing execution system (MES) market is slated to attract voluminous revenues in the years to follow.
In a report by Transparency Market Research (TMR), the total value of the global manufacturing execution system (MES) market is expected to touch US$ 18,067.9 Mn by 2025. Besides, the global manufacturing execution system (MES) market is projected to expand at a CAGR of 11.2% over the period between 2017 and 2025. Several services such as consulting, maintenance, and integration fall under the purview of manufacturing execution systems. Use of MES in the metal and mining industry shall also attract key revenues for the global market.
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The oil and gas industry has become an important consumer of manufacturing execution systems. The need to expedite processes across this industry has created fresh opportunities within the market. The scope of manufacturing execution systems spans into a multitude of domains including product lifecycle, material tracking, and product quality. The relevance of the aforementioned operations within the manufacturing sector has generated humongous revenues within the global manufacturing execution system (MES) market. Furthermore, use of these systems in the aerospace and defense sector has also garnered the attention of the masses. Development of cutting-edge surveillance and reconnaissance technologies within the defense sector holds immense utility for governments and state planning authorities.
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About the AuthorFred Williams
Joined: May 7th, 2020
Articles Posted: 371
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