Manufacturing Operations Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Manufacturing Operations Management Software Market
The global manufacturing operations management software market size was valued at USD 10 billion in 2019 and is projected to USD 39.01 billion by 2032, exhibiting a CAGR of 10.4% during the forecast period of 2020-2032.
The global Manufacturing Operations Management (MOM) Software Market has been significantly affected by the COVID-19 pandemic by increasing demand for digital systems. Switching to distant operations and breaks in the delivery chain pointed to green manufacturing monitoring and management, using call for MOM software; however, it hampered the manufacturing operations management software market growth.
The global Manufacturing Operations Management (MOM) Software Market is promoted by the growing emphasis on Industry 4.0 technologies, including automation, IoT, and actual-time data analysis.
Manufacturing operations management is an area that the Internet of Things, IoT, is transforming. Real-time monitoring of gadget performance, energy consumption, and environmental situations achieved by connecting devices and sensors to the net adds to the worldwide manufacturing operations management software market share. This method of formulating the strategies that drive statistics permits remote monitoring and control of producing approaches, reduction in downtime, and optimal utilization of aids.
Comprehensive Analysis of Manufacturing Operations Management Software Market
The Manufacturing Operations Management (MOM) Software Market is segmented into components, functions, and industries. By additives, the marketplace includes software programs (on-premises and cloud-primarily based) and offerings, with cloud-based software programs gaining traction because of ease of deployment, feed efficiency, and improved collaboration. By characteristic, the marketplace covers labor management, making plans and scheduling, procedure and production intelligence, excellent method control, and others, with the exceptional boom in system intelligence and excellent management pushed with the aid of the want for efficiency and consistency. By industry, key segments like cars, food and liquids, and clinical devices dominate, leveraging the MOM software program for actual-time visibility, manner synchronization, cost control, and adaptability to converting needs.
The North America region led the manufacturing operations management software market by benefitting a size of USD 3.66 billion in 2019 due to the excessive adoption of technology, which includes Industrial IoT and AI, the U.S. Holds the most share inside the vicinity.
The leading players in the Manufacturing Operations Management (MOM) Software market play a crucial role in shaping its growth trajectory and establishing industry standards. These key players, including Critical Manufacturing S.A., Dassault Systems, Emerson Electric Co., Honeywell International Inc., ABB Ltd, Rockwell Automation Inc., SAP SE, Siemens Ltd., iBASEt, and Aegis Industrial Software Corporation, contribute to a competitive landscape by driving innovation, enhancing operational efficiency, and advancing market growth.
In May 2023, L&T Technology Services partnered with Critical Manufacturing to assist Danfoss in its clever production tasks. This collaboration specializes in deploying an advanced virtual framework powered through progressive Manufacturing Execution Systems (MES). By integrating contemporary technologies, L&T Technology Services and Critical Manufacturing's goal is to reinforce Danfoss' operational efficiency, marking a pivotal advancement in the adventure towards clever production.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015 – 2027
Base Year 2019
Forecast Period 2020– 2027
Historical Period 2015 – 2018
Unit Value (USD billion)
SegmentationBy Component
Software
On-premises
Cloud
Services
By Function
Labor Management
Planning & Scheduling
Process and Production Intelligence
Quality Process Management
Others (inventory management, dispatching, etc.)
By Industry
Automotive
Chemicals
Medical Equipment& Pharmaceuticals
Food and Beverages
Aerospace and Defense
Others
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, and Rest of Europe)
Asia-Pacific (Japan, China, India, Southeast Asia, and Rest of Asia-Pacific)
Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
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