Manufacturing Operations Management (MOM) Software

Manufacturing Operations Management (MOM) Software

Global Manufacturing Operations Management (MOM) Software Market to Reach US$24.7 Billion by 2030

The global market for Manufacturing Operations Management (MOM) Software estimated at US$13.6 Billion in the year 2023, is expected to reach US$24.7 Billion by 2030, growing at a CAGR of 8.9% over the analysis period 2023-2030. Software Component, one of the segments analyzed in the report, is expected to record a 8.5% CAGR and reach US$17.4 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 9.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.7 Billion While China is Forecast to Grow at 12.2% CAGR

The Manufacturing Operations Management (MOM) Software market in the U.S. is estimated at US$3.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.6% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Manufacturing Operations Management (MOM) Software Market - Key Trends & Drivers Summarized

What Is Driving the Shift to MOM Software in Modern Manufacturing?

Manufacturing Operations Management (MOM) software has become an essential tool for modern manufacturing environments, driving efficiency and enabling real-time data-driven decision-making. As manufacturing processes grow more complex, the need for integrated solutions that can manage, monitor, and optimize these operations has surged. MOM software addresses these challenges by providing a holistic approach to managing production workflows, quality control, supply chain logistics, and compliance with industry regulations. Unlike traditional manufacturing execution systems (MES), MOM software encompasses a broader spectrum, integrating MES with other functionalities such as advanced planning and scheduling (APS), quality management systems (QMS), and enterprise resource planning (ERP). This comprehensive integration helps manufacturers not only to streamline operations but also to gain a competitive edge by enhancing flexibility, reducing waste, and improving time-to-market.

How Is MOM Software Evolving with Industry 4.0 and Digital Transformation?

The evolution of MOM software is closely tied to the broader trends of Industry 4.0 and digital transformation, which are revolutionizing the manufacturing landscape. The integration of advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) into MOM software is enabling unprecedented levels of automation and intelligence in manufacturing processes. These technologies allow for real-time monitoring and predictive analytics, which help manufacturers to anticipate and mitigate potential disruptions before they occur. Furthermore, the adoption of cloud computing in MOM software solutions is facilitating seamless data exchange across multiple locations and systems, thus supporting the move towards smart factories. This shift is particularly crucial as manufacturers face increasing pressure to enhance operational efficiency and adapt to rapidly changing market demands. The convergence of these technologies within MOM software is paving the way for more adaptive and resilient manufacturing operations, aligning with the broader goals of Industry 4.0.

How Are Different Industries Adopting MOM Software?

The adoption of MOM software varies across different industries, reflecting the specific needs and challenges of each sector. In the automotive industry, for instance, the push towards electric vehicles and autonomous driving is accelerating the adoption of MOM software to manage the complex production processes involved. Similarly, the pharmaceutical and biotech industries are increasingly relying on MOM software to ensure compliance with stringent regulatory requirements while maintaining high production standards. The aerospace and defense sectors are also significant adopters of MOM software, where precision and traceability are paramount. In these industries, MOM software helps manage intricate supply chains and production workflows, ensuring that each component meets the necessary specifications. Meanwhile, the consumer goods industry is leveraging MOM software to enhance product customization and meet the growing demand for personalized products. Across all these sectors, the common thread is the need for a robust, flexible, and scalable software solution that can adapt to the unique requirements of each industry while driving efficiency and innovation.

What Factors Are Fueling the Growth of the MOM Software Market?

The growth in the Manufacturing Operations Management (MOM) software market is driven by several factors that are reshaping the manufacturing industry. First and foremost is the increasing complexity of manufacturing processes, which demands more sophisticated and integrated solutions to manage. The rise of Industry 4.0 and smart manufacturing is another critical driver, as manufacturers seek to implement advanced technologies like IoT, AI, and machine learning to stay competitive. Additionally, the growing emphasis on sustainability and reducing environmental impact is pushing manufacturers to adopt MOM software that can optimize resource usage and minimize waste. The shift towards customization and the need for more flexible production processes are also significant contributors, as companies look to MOM software to manage the variability and complexity of customized products. Furthermore, the ongoing digital transformation across industries is necessitating the adoption of software solutions that can integrate with existing systems and provide real-time visibility into operations. Lastly, regulatory pressures in industries like pharmaceuticals and aerospace are driving the demand for MOM software that ensures compliance and traceability throughout the production process. These factors combined are propelling the MOM software market towards substantial growth, as manufacturers increasingly recognize the need for advanced operational management solutions in today’s dynamic and competitive environment.

Select Competitors (Total 43 Featured) -

• ABB Ltd.
• Aegis Industrial Software Corporation
• Aveva Group PLC
• Cambashi
• Dassault Systemes SE
• Emerson Electric Co.
• Ordinal Software
• Orsoft
• Panasonic Connect Co., Ltd.
• SAP SE
• sedApta s.r.l.
• Siemens Digital Industries Software
• SNic Solutions
• SYSPRO
• XD Innovation ;

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