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USD 29.42 Bn growth in Manufacturing Execution Systems (MES) Market size | Shift toward Paperless Manufacturing Automation to Drive Growth | TechnavioNEW YORK, Oct. 27, 2021 /PRNewswire/ -- Technavio's latest offering, Manufacturing Execution Systems (MES) Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions. The manufacturing execution systems (MES) market value is anticipated to grow by USD 29.42 billion, progressing at a CAGR of almost 20% during the forecast period. Market Dynamics Factors such as continued demand for automation in industrial sectors and shift toward paperless manufacturing automation will drive the growth of the Manufacturing Execution Systems (MES) Market during 2021-2025. However, high upfront initial investment and complex installation procedures might hamper the market growth. The compliance with stringent government regulations is expected to open multiple growth opportunities for players in the market. But the integration issues with control-based manufacturing execution systems (MES) might impact the business of vendors during the forecast period. Company Profiles The manufacturing execution systems (MES) market report includes information on the product launches, sustainability, and prospects of leading vendors including ABB Ltd., Dassault Systemes SE, Emerson Electric Co., General Electric Co., Honeywell International Inc., Oracle Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Competitive Analysis The manufacturing execution systems (MES) market report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Market Segmentation
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