Manufacturing Execution System (MES) Market - Forecast
According to the United Nations Industrial Development Organization, the global manufacturing results increased by 2.5% in Q1 2019, compared to the preceding year. Manufacturers around the world have increased their spending on research on medium-technology sectors, such as automotive, machinery, and consumer electronics manufacturing. According to the International Organization of Motor Vehicle Manufacturers (OICA), production of a motorized vehicle surpassed 91 million units in 2018, and demands and productions are still on a rise. Considering the high volume of production in the automotive industry, demands in the manufacturing execution system market are projected to augment. This research report evaluated the manufacturing execution system market size of $9.85 billion in 2018. And, foreseeing increasing production rate, the global manufacturing execution system market is projected to grow at a CAGR of 13.5%, during the forecast period 2019-2025. North America was the dominan...