SOURCE RESEARCH
Manufacturing Execution Systems (MES): Their Future and Place In the Modern Factory
Report | 4Q 2024 | AN-5622
Get The ReportMES software is a primary foundation for manufacturing plants in the industry 4.0 space. The software is used to track, document, and guide the production process in real time to visualize and control the factory floor. These capabilities are essential to improve production and labor efficiency, support comprehensive digital threads, and in the long run, enable new business models and best practices. Manufacturing firms are forecast by ABI to increase their spending on MES software by a CAGR of 8.9% from 2022 to 2031, increasing from US$2.4 billion to US$5.3 billion, with firms looking to bring their plants into the Industry 4.0 space and connect their MESs across multiple plants, upgrading old legacy systems.
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