Modern Manufacturing Execution System Market Overview:
The global modern manufacturing execution system market is expected to witness substantial growth during the forecast period, primarily due to increasing demand for industrial automation. As per MRFR, the global modern manufacturing execution system market has been growing at a significant rate from the past few years and is expected to reach USD 97,310.2 million by 2030, at a CAGR of 20.5% during the forecast period, 2022–2030.
The market for manufacturing automation equipment is driven by rising adoption of advanced technologies in order to enhance productivity and provide cost-effective solutions for various industrial processes. The rising demand for advanced technology-related products such as PLCs and SCADA systems coupled with increasing investment by companies across various industries have provided driving factors for growth of this industry over the past few years.
This report provides an in-depth analysis on the different factors that are contributing towards development of this market along with segmentation based on application type (industrial process automation), industry vertical (automotive transportation), region (North America), and country level analysis so as to provide a comprehensive understanding of this market across regions globally.
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The modern manufacturing execution system market is also seeing increasing demand from small and medium-sized enterprises (SMEs) as they are adopting this technology to increase their productivity and efficiency levels. This can be attributed to rising concerns over safety and environment issues in manufacturing industries. The rising demand for automation solutions will further propel growth of this market over the next few years.
The report segments the global modern manufacturing execution system market on the basis of material type, application type, end user and geography:
Material Type: Steel Alloy; Aluminum Magnesium; Copper Brass; Others (Metals)
Application Type: Automotive Industry; Oil Gas Industry; Food Beverage Industry; Chemicals Industry; Electronics Industry
Modern Manufacturing Execution System Market Key Players
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