Global Manufacturing Operations Management Software Market Report and Forecast 2023-2028

Global Manufacturing Operations Management Software Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global manufacturing operations management software market is projected to grow at a CAGR of 10.81% between 2023 and 2028. Aided by the increasing demand for process optimisation in manufacturing and the growing applications of MOM software in various industries, the market is expected to grow significantly by 2028.

Manufacturing operations management software, also known as MOM software, is a solution for managing and optimising day-to-day production operations. It is a crucial element in increasing operational efficiency, improving product quality, and reducing manufacturing costs. The software facilitates real-time tracking of manufacturing processes, inventory control, and product lifecycle management, making it a valuable tool in various industrial applications, including automotive, pharmaceuticals, food and beverages, and electronics.

The increasing need for process optimisation in manufacturing is driving the global manufacturing operations management software market growth. With growing competition and the need for cost control, manufacturers are shifting towards efficient solutions, leading to a surge in demand for manufacturing operations management software.

Furthermore, the increasing focus on quality assurance and compliance has made manufacturing operations management software a crucial tool for manufacturers aiming to maintain high standards and avoid regulatory penalties. The MOM system integrates all manufacturing processes as the Manufacturing Execution System (MES) develops to enhance quality control, strategic planning and scheduling, production execution systems, R&D management, and other manufacturing activities.

The expanding applications of MOM software in various industries also play a significant role in fuelling the manufacturing operations management software market expansion. In the automotive industry, MOM software is used to streamline production, reduce waste, and improve product quality. The pharmaceutical industry utilises manufacturing operations management software to ensure regulatory compliance, control batch production, and maintain traceability. Moreover, in the food and beverages sector, MOM software plays a vital role in maintaining quality standards and managing complex production schedules.

Furthermore, the growing trend towards Industry 4.0 has led to an increased focus on manufacturing operations management software. With the rise of digital transformation and the increasing popularity of smart factories, MOM software has emerged as a critical component in achieving integrated, automated, and data-driven manufacturing operations, thereby boosting the manufacturing operations management software market expansion.

Market Segmentation

The market can be divided based on industry, functionality, enterprise size, and region.

Market Breakup by Industry

• Automotive
• Chemical
• Healthcare and Pharmaceuticals
• Food and Beverages
• Consumer Goods
• Aerospace and Defence
• Industrial Equipment
• Others

Market Breakup by Functionality

• Inventory Management
• Labour Management
• Manufacturing Execution System
• Process and Production Management
• Quality Process Management
• Others

Market Breakup by Enterprise Size

• Small and Medium Enterprises
• Large Enterprises

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global manufacturing operations management software companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• ABB Ltd.
• Aegis Software Company
• Aspen Technology, Inc.
• The Emerson Electric Co.
• Epicor Software Corporation
• Dassault Systèmes
• Critical Manufacturing
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.