Manufacturing Operations Management Software Market: Growth Insights

The “Manufacturing Operations Management Software Market Research Report Overview by 2024” market size is reached USD 10 billion by 2019 and it is projected to reach USD 39.01 billion by 2032 between the forecast period and expected Compound annual growth rate of 10.4% between the forcast period by (2019-2032).

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Manufacturing Operations Management (MOM) Software Market Share, Size & Industry Analysis, By Component (Services, Software), By Function (Labor Management, Planning & Scheduling, Process and Production Intelligence, Quality Process Management, Others), By Industry (Automotive, Chemicals, Medical Equipment & Pharmaceuticals, Food and Beverages, Aerospace and Defense, Others), and Regional Forecast Between, 2020-2032

Major Keyplayers of manufacturing operations management software market:

Some of the key players operating in the global manufacturing operations management software Industry are:

• Critical Manufacturing S.A.
• Dassault Systems
• EMERSON ELECTRIC CO
• Honeywell International Inc.
• ABB Ltd
• Rockwell Automation Inc.
• SAP SE
• Siemens Ltd.
• iBASEt
• Aegis Industrial Software Corporation

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Key industry developments of manufacturing operations management software market:

• May 2023 – L&T Technology Services collaborates with Critical Manufacturing to assist Danfoss in its smart manufacturing endeavors. This strategic partnership aims to implement an advanced digital framework utilizing innovative Manufacturing Execution Systems (MES). L&T Technology Services and Critical Manufacturing will integrate cutting-edge technologies to enhance Danfoss’ operational efficiency, marking a significant step in the evolution of smart manufacturing.
• Nov 2022 – Honeywell and Aramco forge a joint venture to offer comprehensive business process automation solutions through the Aramco Namaat Industrial Investments Program. These offerings enhance profitability, productivity, sustainability, and operational excellence globally. Leveraging Aramco’s Plant.Digital platform and Honeywell Connected Enterprise’s expertise, the partnership signifies a pivotal advancement in intelligent operations software solutions for various industrial sectors.

Drivers and restraints of manufacturing operations management software market:

• Drivers:
  • Technological Advancements: Innovations in software technology, including cloud computing, AI, and IoT, enhance the capabilities of MOM software, driving market growth.
  • Increased Focus on Operational Efficiency: Manufacturers seek to optimize processes, reduce costs, and improve productivity, leading to higher demand for comprehensive MOM solutions.
  • Demand for Real-Time Data and Analytics: The need for real-time monitoring and data-driven decision-making drives the adoption of MOM software to provide actionable insights and improve operations.
  • Growth in Smart Manufacturing: The rise of smart manufacturing and Industry 4.0 initiatives promotes the use of MOM software to integrate and automate various manufacturing processes.
  • Regulatory Compliance and Quality Control: Increasing regulatory requirements and the need for stringent quality control drive the need for MOM software to ensure compliance and maintain standards.
• Restraints:
  • High Implementation Costs: The significant investment required for purchasing, integrating, and implementing MOM software can be a barrier, especially for smaller manufacturers.
  • Complexity of Integration: Integrating MOM software with existing systems and processes can be complex and require extensive customization and technical expertise.
  • Data Security Concerns: The increased use of cloud-based MOM solutions raises concerns about data security and privacy, requiring robust protection measures.
  • Resistance to Change: Organizations may face resistance to adopting new technologies due to existing workflows and fear of disruptions during the transition.
  • Rapid Technological Evolution: The fast pace of technological advancements can lead to obsolescence of existing MOM solutions, necessitating frequent updates or replacements.

Regional Insights:

• 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)

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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