The IMARC Group's latest research report, titled "Manufacturing Operations Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the manufacturing operations management software market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global manufacturing operations management software market size reached US$ 11.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
Manufacturing Operations Management Software Market Trends:
The global software market is primarily propelled by the increasing need for operational efficiency and productivity enhancements in manufacturing processes. In accordance with this, the increasing adopting the software to gain real-time visibility into operations, enabling them to optimize production schedules, reduce downtime, and improve resource utilization is driving market growth. The growing complexity of supply chains and the need for integrated, end-to-end solutions synchronizing production processes with supply chain activities are propelling market expansion. Additionally, the push towards Industry 4.0 and the integration of Internet of Things (IoT) technologies into manufacturing processes requiring data-driven decision-making and predictive maintenance is also significantly augmenting the market appeal. Furthermore, the emerging trend of digital transformation in manufacturing, where companies are moving from manual to automated processes, is further expanding the market reach.
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Manufacturing Operations Management Software Market Scope & Growth Analysis:
The scope of the market is broadening as companies across diverse industries such as automotive, aerospace, consumer goods, and electronics increasingly adopt these solutions to enhance their manufacturing processes. The market scope is poised for significant growth due to the ongoing shift towards smart manufacturing and the rapid integration of advanced technologies such as artificial intelligence (AI), and machine learning (ML), in manufacturing operations. According to market analysis, the growing demand for cloud-based software solutions is also growing, as these offer flexibility, scalability, and reduced IT infrastructure costs, making them attractive to small and medium-sized enterprises. Additionally, strategic partnerships and collaborations between MOM software providers and manufacturing firms are fostering innovation and fueling growth in the market. The trend towards customization and modularity in MOM solutions, where companies can select specific functionalities based on their unique needs, is further broadening the market scope.
Competitive Landscape with Key Players:
- 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
Key Market Segmentation:
Functionality Insights:
- Inventory Management
- Labor Management
- Manufacturing Execution System (MES)
- Process and Production Intelligence
- Quality Process Management
- Others
Enterprise Size Insights:
- Small and Medium Enterprises
- Large Enterprises
Industry Vertical Insights:
- 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)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Why Choose IMARC Research Report:
- Strong Market Research Expertise
- Targeted Marketing Strategies
- Innovative Solutions
- Comprehensive Analysis
- Accuracy and Reliability
- Provides Insightful Forecasts
- Available Customization Options
- Strong Customer Service
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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