According to the latest report by IMARC Group, titled “Manufacturing Operations Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global manufacturing operations management software market size reached US$ 10.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.
Manufacturing Operations Management Software Market Overview:
Manufacturing operations management (MOM) software is used to provide transparency into manufacturing processes, digitalize production, and process information into a unified system. It helps in improving execution systems, advanced planning and scheduling, and managing quality and research and development (R&D) projects. Additionally, it assists in asset and compliance management, human-machine interface (HMI), performance analysis, sequencing, and supervisory control and data acquisition (SCADA) intelligence. Nowadays, manufacturers from different industry verticals are adopting MOM software to manage industrial operations as manual approaches are inconsistent, inefficient, and time-consuming.
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Manufacturing Operations Management Software Market Trends:
The market is primarily driven by the increasing automation in manufacturing activities. MOM software enables the digital transformation of operational processes and helps to optimize production performance, efficiency, and flexibility. In addition, the integration of artificial intelligence (AI), application programming interfaces (APIs), robotic processes, and real-time data collection in the defense and aerospace industries across the globe, acts as another major growth-inducing factor.
Moreover, with the growing prevalence of chronic diseases and increasing demand for healthcare services, the pharmaceutical industry is constantly undergoing changes and upgrades, which is escalating the demand for MOM software to facilitate the production process of medical essentials. Apart from this, the rising awareness regarding hygiene, sustainability, food safety, and traceability is also encouraging the extensive adoption of this software in the food and beverage (F&B) sector.
Furthermore, various manufacturers are developing effective operations and agility due to the rising competition in the market to provide secure, customized, and modern software platforms that give supervisors, operators, and plant managers the insights and visibility to make decisions, thus creating a positive market outlook.
Key Market Segmentation:
Top Manufacturing Operations Management Software Companies:
- ABB Ltd.
- Aegis Industrial Software Corporation
- Aspen Technology Inc.
- Critical Manufacturing (ASM Pacific Technology Limited)
- Dassault Systemes SE
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- International Business Machines Corporation
- Oracle Corporation
- Plex Systems Inc.
- Siemens AG
Breakup by Functionality:
- Inventory Management
- Labor Management
- Manufacturing Execution System (MES)
- Process and Production Intelligence
- Quality Process Management
- Others
Breakup by Enterprise Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Industry Vertical:
- Automotive
- Chemical
- Healthcare
- Food and Beverages
- Consumer Goods
- Aerospace and Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
