Manufacturing Execution System Market Opportunities and Challenges detailed Report 2025 Manufacturing Execution System Market with COVID-19 Impact - Global Forecast to 2025
The Manufacturing Execution System market study offers a thorough analysis of the key factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. The manufacturing execution system market is expected to grow from USD 11.5 billion in 2021 to USD 17.1 billion by 2026 at a CAGR of 8.3% from 2021 to 2026 Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=536&utm_source=Freprosonali&utm_medium=sonali&utm_campaign=sonali COVID-19 has severely impacted the global economy and all the industries throughout the globe. Earlier mostly companies had to put a stop to all the manufacturing operations but now the lockdown has been uplifted in many parts of the world. Many remedial regimes have been followed in attempts to come up with a reliable treatment for COVID-19. At present, the approaches being used by the authorities are not prescribed by WHO. As the production has been affected by the COVID-19-triggered lockdown in 2020, the use of manufacturing execution systems has reduced. Most of the revenue generated in the manufacturing execution system market is from the services provided in the market. As the services are directly proportional to manufacturing activities, the manufacturing execution system market was thus getting significantly affected by COVID-19. This has resulted in a lower year-on-year growth rate for 2020 as compared with 2019. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=536&utm_sourc e=Frepro-sonali&utm_medium=sonali&utm_campaign=sonali IT/OT convergence is the integration of information technology (IT) systems with operational technology (OT) systems. IT systems are used for data-centric computing, whereas OT systems monitor events, processes, and devices make adjustments in enterprise and industrial operations. IT and OT convergence also define the integration of IT systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) applications, with OT systems, such as Manufacturing Execution Systems (MES) and Supervisory Control and Data Acquisition (SCADA). Various organizations unlock several benefits from process automation and business intelligence with IT and OT for ensuring regulatory compliance. The shifting of an existing manufacturing environment to a manufacturing execution system involves various stages, which, when understood properly, enable small- and medium-sized companies to implement manufacturing execution systems in a cost-effective manner.