Report : South America Manufacturing Execution System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (Cloud and On-Premise), and Industry Type (Process Industry and Discrete Industry)Â
Process Industry Segment is Expected to be the Fastest Growing During Forecast Period
According to a new market research study on “SAM Manufacturing Execution System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Deployment and Industry Type” is expected to reach US$ 969.02 million by 2028 from US$ 632.06 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the SAM manufacturing execution system market along with the drivers and restraints pertaining to the market growth. Growing implementation of technology and automation in manufacturing sector is the major factor driving the growth of the SAM manufacturing execution system market. However, issues associated with the high implementation and upgrading costs hinder the growth of SAM manufacturing execution system market.
The SAM manufacturing execution system market is segmented based on component, deployment, industry type, and country. Based on component, the SAM manufacturing execution system market is segmented into software and services. The software segment dominated the market in 2020 and services segment is expected to be the fastest growing during the forecast period. Based on deployment, the SAM manufacturing execution system market is segmented into cloud and on-premise. The on-premise segment dominated the market in 2020 and cloud segment is expected to be the fastest growing during the forecast period. Based on industry type, the SAM manufacturing execution system market is segmented into process industry and discrete industry. The discrete industry segment dominated the market in 2020 and process industry is expected to be the fastest growing during the forecast period. Further process industry is segmented into food & beverages market, pulp & paper market, chemical market, energy & power market, pharmaceutical & life sciences market, and others. Likewise discrete industry is segmented into automotive market, aerospace & defense market, consumer packaged goods market, medical devices market, electronics & semiconductors market, and others Based on country, SAM manufacturing execution system market is classified into Brazil, Argentina, and Rest of SAM.
AVEVA Group plc; Dassault Systemes SE; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; Oracle Corporation; Rockwell Automation, Inc.; and SAP SE are among the leading companies in the SAM manufacturing execution system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, AVEVA launched the Vision AI Assistant 2021, an image classification-based analytics tool. The AI solution is currently integrated into AVEVA Insight and System Platform and Operations Management Interface. The extension is expected to strengthen its position as a market leader in innovation.
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