According to a new market report published by Transparency Market Research “Manufacturing Execution System (MES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” manufacturing execution system market was valued at USD 7,860.5 Million in 2014; and is expected to reach USD 19,364.7 Million in 2023, growing at a CAGR of 11.1% from 2015 to 2023.
Manufacturing execution systems (MES) refer to software applications used in manufacturing industries to track and document the production process. MES provides real-time visibility into overall equipment effectiveness (OEE), production schedules and metrics on a shop floor. Some key components of an MES include tracking work in progress (WIP), labor spending and equipment status.
