Manufacturing Execution System (MES) Market, Worldwide Component Type, Organization Size (Small, Medium, and Big Enterprise), and Component Type (On-Premises, On-Demand, and Hybrid), Process Industry (Food and Beverage, Oil and Gas, Water and Wastewater Treatment, Energy and Power Market, Pharmaceutical, Pulp, and Paper), Offering (Software and Services), End-User Industry (Medical Devices, Automotive, Electronics, and Electrical, Netherlands, Switzerland, Rest of Europe, Japan, China, India), Country (United States, Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, United Kingdom, Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.

Growth and expansion of the semiconductors industry especially in the emerging ones, growing usage of manufacturing execution systems (MES) by the aerospace and defense industry, surging product demand for implementation of industrial control systems, rising up gradation of existing infrastructure with advanced systems, and increasing infrastructural development activities, especially in the developing economies are the major factors attributable to the growth of manufacturing execution system (MES) market. Data Bridge Market Research analyses that the manufacturing execution system (MES) market will exhibit a CAGR of 12.05% for the forecast period of 2022-2029. Therefore, the manufacturing execution system (MES) market value would rocket up to USD 39.67 billion by 2029.

From the name itself, it is clear that the manufacturing execution system (MES) is a system, used by a wide range of industry verticals to enhance their operations effectively and efficiently. A manufacturing execution system (MES) ensures the effective execution of production operations and increases production output.

Rising demand from the pulp and paper industry and growth in the focus towards development in manufacturing design and the necessity to accomplish production efficacy will emerge as the major market growth driving factors. Growing demand for automation in oil and gas industries, the surging need for real-time visibility, increasing initiatives by the government to promote awareness and introduce favorable policies, and widespread industrialization will further aggravate the market. Growing expenditure to undertake research and development proficiencies, easy availability of resources, and low cost required for production purposes in emerging economies, along with growing demand for optimum resource utilization, will further pave the way for the growth of the market.