Manufacturing operations management (MOM) is a set of processes that provides a holistic solution for complete visibility into manufacturing processes. The use of MOM software helps industries improve performance of manufacturing operations. MOM is a successive system to Manufacturing Execution System (MES). With integration between MES and MOM systems, MOM software is capable to consolidate production processes to improve advanced planning and scheduling, quality management, R&D management manufacturing execution systems, and other such functionalities.
As manufacturers are trying to regain their equilibrium amidst continuous volatility in costs and quality policy decisions MOM software has proliferated its demand. This is attributed to MOM software’s capability to promote compliance with standards and specifications for operational processes and procedures. This is one of the major factors expected to drive the growth of the global manufacturing operations management software market. Furthermore, advent of industry 4.0 has flourished the adoption of advance software, which provides platforms to leverage diversified data source or silos and extract all-encompassing insights to further improve the manufacturing facility’s quality, productivity, and other operation efficiencies. Aforementioned is a factor expected to boost growth of the market during the forecast period. However, connectivity and proliferation of cloud-based MOM software rises concerns associated with data privacy and cyber security, which in turn could hinder the manufacturing operations management software market growth. As digital data is rapidly increasing, advances in Internet technology, IoT, big data analytics, cloud computing, and AI have profoundly impacted the manufacturing industry and is an opportunistic factor of the market.
The manufacturing operations management software market is segmented on the basis of component, functionality, enterprise size, industry vertical, and region. By component, it is categorized into software and services. On the basis of functionality, it is divided into inventory management, labor management, manufacturing execution system (MES), process & production intelligence, quality process management, and others. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Depending on industry vertical, it is categorized into automotive, chemical, healthcare, food & beverages, consumer goods, aerospace & defense, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the manufacturing operations management software market include ABB Ltd., Aegis Industrial Software Corporation, Aspen Technology, Inc., Critical Manufacturing, Dassault Systems SE, Emerson Electric Co., General Electric Company, Honeywell International, Inc., Plex Systems, and Siemens AG. These major players have adopted various key development strategies as business expansion, new product launches, and others, which helped drive the growth of the global manufacturing operations management software market.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Component
By Functionality
By Enterprise Size
By Industry vertical
By Region
KEY MARKET PLAYERS
As manufacturers are trying to regain their equilibrium amidst continuous volatility in costs and quality policy decisions MOM software has proliferated its demand. This is attributed to MOM software’s capability to promote compliance with standards and specifications for operational processes and procedures. This is one of the major factors expected to drive the growth of the global manufacturing operations management software market. Furthermore, advent of industry 4.0 has flourished the adoption of advance software, which provides platforms to leverage diversified data source or silos and extract all-encompassing insights to further improve the manufacturing facility’s quality, productivity, and other operation efficiencies. Aforementioned is a factor expected to boost growth of the market during the forecast period. However, connectivity and proliferation of cloud-based MOM software rises concerns associated with data privacy and cyber security, which in turn could hinder the manufacturing operations management software market growth. As digital data is rapidly increasing, advances in Internet technology, IoT, big data analytics, cloud computing, and AI have profoundly impacted the manufacturing industry and is an opportunistic factor of the market.
The manufacturing operations management software market is segmented on the basis of component, functionality, enterprise size, industry vertical, and region. By component, it is categorized into software and services. On the basis of functionality, it is divided into inventory management, labor management, manufacturing execution system (MES), process & production intelligence, quality process management, and others. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Depending on industry vertical, it is categorized into automotive, chemical, healthcare, food & beverages, consumer goods, aerospace & defense, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the manufacturing operations management software market include ABB Ltd., Aegis Industrial Software Corporation, Aspen Technology, Inc., Critical Manufacturing, Dassault Systems SE, Emerson Electric Co., General Electric Company, Honeywell International, Inc., Plex Systems, and Siemens AG. These major players have adopted various key development strategies as business expansion, new product launches, and others, which helped drive the growth of the global manufacturing operations management software market.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global manufacturing operations management software market size is provided.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the global manufacturing operations management software industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the global manufacturing operations management software market potential.
KEY MARKET SEGMENTS
By Component
- Software
- Services
By Functionality
- Inventory Management
- Labor Management
- Manufacturing Execution System (MES)
- Process & Production Intelligence
- Quality Process Management
- Others (Planning & Scheduling & Dispatching)
By Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
By Industry vertical
- Automotive
- Chemical
- Healthcare
- Food & Beverages
- Consumer Goods
- Aerospace & Defense
- Others (Oil & Gas and Metal & Mining)
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- ABB Ltd.
- Aegis Industrial Software Corporation
- Aspen Technology, Inc.
- Critical Manufacturing
- Dassault Systems SE
- Emerson Electric Co.
- General Electric Company
- Honeywell International, Inc.
- Plex Systems
- Siemens AG
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Manufacturing Operations Management Software Market, By Component
Chapter 5: Global Manufacturing Operations Management Software Market, By Application
Chapter 6: Global Manufacturing Operations Management Software Market, By Enterprise Size
Chapter 7: Global Manufacturing Operations Management Software Market, By Industry Vertical
Chapter 8: Global Manufacturing Operations Management Software Market, By Region
Chapter 9: Competitive Landscape
Chapter 10: Company Profile
Executive Summary
According to the report, titled, 'Manufacturing Operations Management Software Market by Component, Functionality, Enterprise Size, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2019-2026,' the manufacturing operations management software market size was valued at $7,218.6 million in 2018, and is projected to reach $15.21 billion by 2026, growing at a CAGR of 9.5% from 2019 to 2026.Advent of industry 4.0 coupled with supportive government initiatives for digitalization projects in emerging economies such as China and India to adopt advance technologies in the manufacturing industry are major factors expected to drive the growth of the global manufacturing operations management software market. In addition, proliferation of Industrial Internet of Thigs (IIoT) devices with rapid adoption of automation technologies is also one of the major factors expected to fuel the market growth during the forecast period. Furthermore, increase in demand for cloud-based predictive analytics solutions and ongoing smart factory initiatives across the globe are factors anticipated to provide booming revenue growth opportunities for the market. Nonetheless, high cost required at the initial stage in term of investment and concerns associated with cloud are some of the restraining factors for the manufacturing operations management software market.
Manufacturing operations management (MOM) plays an important role in the manufacturing enterprise’s IT landscape as it resides between administrative IT systems (SCM, ERP, CRM, and others.) and the automation layer (DCS, PLC, SCADA, CNC, and others). In addition, MOM has capability to manage rapidly flowing streams of disparate structured and unstructured data and turns it into useful, targeted information.
By component, the software segment dominated the overall manufacturing operations management software market in 2018 and is further expected to endure traction for MOM software among organizations during the forecast period. Rise in demand for MOM applications that are compatible with existing infrastructure and future proof RAMI 4.0 Reference Architecture is one of the major factors that drives the growth of the software segment. Moreover, the services segment witnessed a significant growth in the market, in terms of CAGR during the forecast period. This is attributed to MOM services suite that includes installation, consulting, maintenance, and support services.
North America manufacturing operations management software market share is expected to dominate in 2018, and is expected to continue this trend during the forecast period as the manufacturing industry contributes with highest growth rate in terms of economy. In addition, high number of players that are operating in the countries such as the U.S. and Canada also drive the growth of the market in the region. Moreover, industrial evolution has transformed Asia-Pacific GDP growth and is expected to anticipate high CAGR in the global MOM software market in the coming years.
Key Findings of the Study
By component, the software segment dominated the manufacturing operations management software market forecast. However, the services segment is expected to exhibit significant growth during the forecast period in the manufacturing operations management software industry.
By functionality, the manufacturing execution system segment dominated the manufacturing operations management software market in 2018. However, the quality process management segment is expected to exhibit significant growth during the forecast period.
By enterprise size, the large enterprises segment accounted for the highest revenue in 2018, owing to its availability of high investments with these enterprises.
Depending on industry vertical, the automotive industry generated the highest revenue in 2018. However, the healthcare sector is expected to witness a considerable growth in the near future.
Region wise, Asia-Pacific is expected to witness significant growth in terms of CAGR in the coming years.
Some of the key market players profiled in the manufacturing operations management software market analysis include ABB Ltd., Aegis Industrial Software Corporation, Aspen Technology, Inc., Critical Manufacturing, Dassault Systems SE, Emerson Electric Co., General Electric Company, Honeywell International, Inc., Plex Systems, and Siemens AG. Major players operating in this market have witnessed significant adoption of strategies that include merger and partnership to reduce supply and demand gap. With advent of industrial revolution major players have collaborated their product portfolio to provide differentiated and innovative products. This study includes market analysis, trends, and future estimations to determine the imminent investment pockets.
Companies Mentioned
- ABB Ltd.
- Aegis Industrial Software Corporation
- Aspen Technology Inc.
- Critical Manufacturing
- Dassault Systems SE
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Plex Systems
- Siemens AG.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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