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The electronic shift operations management solutions market size is forecast to increase by USD 5.51 billion between 2022 and 2027, accelerating at a CAGR of 11.47%. In 2017, the US held the largest market share, projecting an annual revenue of USD 0.99 billion. The report offers extensive research analysis on the Electronic Shift Operations Management Solutions Market, with a categorization based on End-users, including energy and utilities, oil and gas, automotive, chemical, and others. It further segments the market by Component, encompassing solutions and software. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, South America, and Middle East and Africa. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD Billion) for all the mentioned segments.
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The increasing demand for automation in industrial sectors is a key factor boosting market growth. With the global economy improving, manufacturing industries are focusing on enhancing efficiency and reducing errors. This has led to increased automation in industrial processes, replacing traditional paper-based records. This shift has given rise to software solutions like eSOMS.
eSOMS plays a key role in improving information flow from the shop floor to the entire company, enabling real-time control and adjustments. It offers benefits like production, process, and energy monitoring by capturing data from machines and operators, providing real-time production metrics and alerts.The ongoing demand for industrial automation is expected to drive the growth of the market in question in the foreseeable future.
The energy and utilities segment is dominates the market
The energy and utilities segment was valued at USD 1.59 billion in 2017 and continued to grow until 2021. One of the key advantages of eSOMS implementation in the energy and utility sector is that it improves the performance of energy and utility plants, locations, and production portfolios through performance science, production planning, and performance optimization. Some of the wide applications of eSOMS are it analyzes historical data, plant operations, and other data sources to track and diagnose problems or areas for improvement, forecast capacity and its costs to improve daily planning, provide practical advice or close the loop and achieve the desired results to improve efficiency, flexibility, power, and emissions. Hence, such an application is expected to drive the growth of this segment which, in turn, will drive the global electronic shift operations management solutions market growth during the forecast period.
Electronic Shift Operations Management Solutions Market - Revenue Share by Energy and Utilities Segment, 2017-2027
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North America Holds a Prominent Position in the Electronic Shift Operations Management Solutions Market
North America is estimated to contribute 29% to the growth of the global market during the forecast period. One of the key reasons for the growth of the global electronic shift operations management solutions market in North America is due to the presence of major vendors in the region and the availability of cloud solution-based technical expertise. Factors such as increased adoption of cloud solutions and services to reduce operating costs and improve business efficiencies will significantly contribute to the operations management solution (eSOMS) market. Hence, such factors are expected to drive the global electronic shift operations management solutions market growth in the region during the forecast period.
Electronic Shift Operations Management Solutions Market Size, By Region, Global, 2017-2027
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The Electronic Shift Operations Management Solutions Market is fragmented in nature. Some significant players include ABB Ltd., BMC Software Inc., Broadcom Inc., Freshworks Inc., Hexagon AB, Hitachi Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Honeywell International Inc., International Business Machines Corp., Issuu Inc., Microsoft Corp., Nokia Corp., Open Text Corp., SAP SE, SAS Institute Inc., Siemens AG, Splunk Inc., VMware Inc., INTECH Process Automation Inc., Oracle Corp., and Yokogawa Electric Corp.
The electronic shift operations management solutions market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Electronic Shift Operations Management Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.47% |
Market growth 2023-2027 |
USD 5.51 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
10.55 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 29% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., BMC Software Inc., Broadcom Inc., Freshworks Inc., Hexagon AB, Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., Issuu Inc., Microsoft Corp., Nokia Corp., Open Text Corp., SAP SE, SAS Institute Inc., Siemens AG, Splunk Inc., VMware Inc., INTECH Process Automation Inc., Oracle Corp., and Yokogawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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