PUBLISHER: IoT Analytics GmbH | PRODUCT CODE: 1885386
PUBLISHER: IoT Analytics GmbH | PRODUCT CODE: 1885386
Global Market Analysis: Sizing, Forecasts, Tech Stack Evolution, & Vendor Landscape
The global Manufacturing Execution Systems (MES) market reached $5.5 billion in 2024. Forecasts indicate a valuation of $8.7 billion by 2031. Data indicates that 54.4% of small- and medium-sized manufacturers rely on manual methods, such as pen and paper or spreadsheets. Legacy methods are being replaced as users can now start small with modular MES architectures and scale as their needs evolve.
This report details the transition to modular MES architectures enabled by IT/OT convergence. It defines 11 novel capabilities, foremost among them Generative AI (GenAI), Unified Namespace (UNS), and Digital Twin integration.
The market remains fragmented, comprising over 300 vendors. Leadership varies by industry vertical:
Manufacturers replacing manual systems with modern MES platforms demonstrate double-digit gains in yield and efficiency. Case studies in this report detail implementation strategies, including CEAT (46% scrap reduction), TDK Electronics, and Sonaca. Additionally, the analysis outlines the foundational functions (Work Orders, Scheduling, Tracking, OEE) serving as the primary enablers for digital transformation.
A selection of companies mentioned in the report.
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