Frost Radar : Manufacturing Execution Systems, 2024

Frost Radar : Manufacturing Execution Systems, 2024

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
02-Apr-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KA30-01-00-00-00
SKU: IA_2024_643
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$4,950.00
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SKU
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$4,950.00
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Description

The Frost Radar™ on manufacturing execution systems (MESs) offers a competitive benchmark analysis derived from Frost & Sullivan’s Global MES Growth Opportunities study published in February 2024, specifically ranking the top 14 companies in the MES industry on their growth potential and ability to innovate and disrupt.

The global MES industry stood at $13.66 billion in 2023. Frost & Sullivan expects it to reach $25.43 billion by 2030, achieving a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. Labor shortages, supply chain optimization, technological improvements to MES products, increasing sustainability concerns, and the pandemic-related decline in manufacturing are driving manufacturers to adopt MESs at higher rates. This industry is fragmented, and vendors vary in their growth strategies, from pursuing more mergers and acquisitions (M&As) to developing products internally with industry-specific focus to adopting a general-purpose MES approach. Some commonalities between the companies featured in this Radar are their approach to offering hybrid deployments, their plans to develop containerized software architectures, and their strategy of expanding MES into a manufacturing operations management (MOM) solution.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Table of Contents

Manufacturing Execution Systems 2024

  • Manufacturing Execution Systems
The Frost Radar on manufacturing execution systems (MESs) offers a competitive benchmark analysis derived from Frost & Sullivan s Global MES Growth Opportunities study published in February 2024, specifically ranking the top 14 companies in the MES industry on their growth potential and ability to innovate and disrupt. The global MES industry stood at $13.66 billion in 2023. Frost & Sullivan expects it to reach $25.43 billion by 2030, achieving a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. Labor shortages, supply chain optimization, technological improvements to MES products, increasing sustainability concerns, and the pandemic-related decline in manufacturing are driving manufacturers to adopt MESs at higher rates. This industry is fragmented, and vendors vary in their growth strategies, from pursuing more mergers and acquisitions (M&As) to developing products internally with industry-specific focus to adopting a general-purpose MES approach. Some commonalities between the companies featured in this Radar are their approach to offering hybrid deployments, their plans to develop containerized software architectures, and their strategy of expanding MES into a manufacturing operations management (MOM) solution. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar . The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Agustin Fabris
Industries Industrial Automation
No Index No
Is Prebook No
Podcast No
WIP Number KA30-01-00-00-00