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Manufacturing Operations Management (MOM) Software Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72356
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The manufacturing operations management (MOM) software market share is expected to increase by USD 18.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.12%.

This manufacturing operations management (MOM) software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers manufacturing operations management (MOM) software market segmentation by end-user (automotive, food and beverages, chemical, pharmaceutical, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The manufacturing operations management (MOM) software market report also offers information on several market vendors, including ABB Ltd., Aegis Industrial Software Corp., Aspen Technology Inc., AVEVA Group Plc, Critical Manufacturing SA, Dassault Systemes SE, Durr AG, Emerson Electric Co., Epicor Software Corp., iBASEt Inc., Lighthouse Systems, Oracle Corp., Plex Systems Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, SYSPRO Pty. Ltd., Honeywell International Inc., General Electric Co., Siemens AG, and Honeywell International Inc. among others.

What will the Manufacturing Operations Management (MOM) Software Market Size be During the Forecast Period?

Manufacturing Operations Management (MOM) Software Market Size

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Manufacturing Operations Management (MOM) Software Market: Key Drivers, Trends, and Challenges

The increasing demand for automation in industrial sectors is notably driving the manufacturing operations management (MOM) software market growth, although factors such as threat of pirated software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the manufacturing operations management (MOM) software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Manufacturing Operations Management (MOM) Software Market Driver

One of the key factors driving the global manufacturing operations management (MOM) software market growth is the increasing demand for automation in industrial sectors. The improved economic conditions have encouraged industries to find ways and means to improve their efficiency and enhance productivity. This, in turn, has accelerated the adoption and development of software-based solutions such as MOM. MOM software facilitates the flow of information from the shop floor to the rest of the company, which leads to better visibility of the shop floor and through which real-time control and adjustments to operations can be made easily. In addition, MOM software identifies and sends alerts, triggers alarms, or even automatically shuts down a machine if needed through such real-time metrics. Real-time metrics help analyze load patterns, production requirements, and resource demands for energy savings. Such factors are expected to positively impact the market growth during the forecast period.

Key Manufacturing Operations Management (MOM) Software Market Trend

Another key factor driving the global manufacturing operations management (MOM) software market growth is the digital transformation in the manufacturing industry. MOM software offers timely information to operators, supervisors, managers, and other decision-makers to effectively manage the workflow and take corrective actions to maintain quality and performance. The combination of digital technologies with manufacturing industries is reshaping competition in global manufacturing. The application of IoT is estimated to generate around USD 1.2 trillion USD 3.7 trillion of value globally by 2025. Major companies are using digitized platforms, for example, MOM software, to unlock value across the operations and asset lifecycles. For instance, PepsiCo Inc. (Pepsi), The Coca-Cola Co. (Coca-Cola), Ascend Performance Materials Inc. (Ascend) have successfully integrated their manufacturing processes with MOM software. Such factors will further support the market growth during the forecast period.

Key Manufacturing Operations Management (MOM) Software Market Challenge

One of the key challenges to the global manufacturing operations management (MOM) software market growth is the piracy issues associated with MOM software. Trade groups, such as the Software Alliance (formerly known as BSA) have initiated awareness about the risk of using pirated software. Vendors such as Siemens PLM Software, PTC, Dassault Systemes, and Autodesk are members of the Software Alliance. In addition, in February 2021, Siemens unveiled plans to sue unidentified users who had illegally downloaded its software through a well-known Internet service provider. The company software guide to preventing software piracy includes a fine of up to USD 150,000 for each software program copied and has also demanded the handover of the personal details of the people who illicitly downloaded the software. Thus, piracy issues are expected to challenge the market growth during the forecast period.

This manufacturing operations management (MOM) software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global manufacturing operations management (MOM) software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the manufacturing operations management (MOM) software market during the forecast period.

Who are the Major Manufacturing Operations Management (MOM) Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Aegis Industrial Software Corp.
  • Aspen Technology Inc.
  • AVEVA Group Plc
  • Critical Manufacturing SA
  • Dassault Systemes SE
  • Durr AG
  • Emerson Electric Co.
  • Epicor Software Corp.
  • iBASEt Inc.
  • Lighthouse Systems
  • Oracle Corp.
  • Plex Systems Inc.
  • Rockwell Automation Inc.
  • SAP SE
  • Schneider Electric SE
  • SYSPRO Pty. Ltd.
  • Honeywell International Inc.
  • General Electric Co.
  • Siemens AG
  • Honeywell International Inc.

 

This statistical study of the manufacturing operations management (MOM) software market encompasses successful business strategies deployed by the key vendors. The manufacturing operations management (MOM) software market is fragmented and the vendors are deploying growth strategies such as investment in research and development to compete in the market.

Product Insights and News

  • aiscorp.com - Through this segment, the company offers various application software development, web hosting solutions, IT infrastructure, products life cycle management services, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The manufacturing operations management (MOM) software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Manufacturing Operations Management (MOM) Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the manufacturing operations management (MOM) software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Manufacturing Operations Management (MOM) Software Market?

Manufacturing Operations Management (MOM) Software Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for manufacturing operations management (MOM) software in North America. Market growth in this region will be faster than the growth of the market in the Middle East and Africa.

The significant increase in the adoption of cloud solutions and services to reduce operating costs and improve business efficiencies will facilitate the manufacturing operations management (MOM) software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic adversely impacted the regional economy and all businesses in 2020. Most end-users such as automotive had to suspend manufacturing operations as the countries' governments in North America imposed nationwide lockdowns in 2020. This negatively affected the market in focus. However, in 2021, the lockdowns were lifted as the COVID-19 cases declined due to the implementation of large-scale vaccination drives across the region. Several end-user industries such ad chemical and food and beverage are gradually stabilizing, which is expected to drive the demand for MOM software in North America during the forecast period.

What are the Revenue-generating End-user Segments in the Manufacturing Operations Management (MOM) Software Market?

Manufacturing Operations Management (MOM) Software Market Segmentation

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The manufacturing operations management (MOM) software market share growth by the automotive segment will be significant during the forecast period. The growth is attributed to the shift towards a digitized workplace for having a major competitive edge in the respective sector.

This report provides an accurate prediction of the contribution of all the segments to the growth of the manufacturing operations management (MOM) software market size and actionable market insights on post COVID-19 impact on each segment.

 

Manufacturing Operations Management (MOM) Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth MOMentum & CAGR

Accelerate at a CAGR of 12.12%

Market growth 2022-2026

$ 18.15 billion

Market structure

Fragmented

YoY growth (%)

11.1

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Aegis Industrial Software Corp., Aspen Technology Inc., AVEVA Group Plc, Critical Manufacturing SA, Dassault Systemes SE, Durr AG, Emerson Electric Co., Epicor Software Corp., iBASEt Inc., Lighthouse Systems, Oracle Corp., Plex Systems Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, SYSPRO Pty. Ltd., Honeywell International Inc., General Electric Co., Siemens AG, and Honeywell International Inc.

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 the forecast period

Customization purview

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What are the Key Data Covered in this Manufacturing Operations Management (MOM) Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive manufacturing operations management (MOM) software market growth during the next five years
  • Precise estimation of the manufacturing operations management (MOM) software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the manufacturing operations management (MOM) software industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of manufacturing operations management (MOM) software market vendors

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Executive Summary

  • Market overview

    Market Landscape

    • Market ecosystem

      Market Sizing

      • Market definition
        • Market segment analysis
          • Market size 2021
            • Market outlook: Forecast for 2021-2026

              Five Forces Analysis

              • Five forces summary
                • Bargaining power of buyers
                  • Bargaining power of suppliers
                    • Threat of new entrants
                      • Threat of substitutes
                        • Threat of rivalry
                          • Market condition

                            Market Segmentation by End-user

                            • Market segments
                              • Comparison by End-user
                                • Automotive - Market size and forecast 2021-2026
                                  • Food and beverages - Market size and forecast 2021-2026
                                    • Chemical - Market size and forecast 2021-2026
                                      • Pharmaceutical - Market size and forecast 2021-2026
                                        • Others - Market size and forecast 2021-2026
                                          • Market opportunity by End-user

                                            Customer Landscape

                                            • Customer landscape

                                              Geographic Landscape

                                              • Geographic segmentation
                                                • Geographic comparison
                                                  • North America - Market size and forecast 2021-2026
                                                    • Europe - Market size and forecast 2021-2026
                                                      • APAC - Market size and forecast 2021-2026
                                                        • South America - Market size and forecast 2021-2026
                                                          • Middle East and Africa - Market size and forecast 2021-2026
                                                            • US - Market size and forecast 2021-2026
                                                              • China - Market size and forecast 2021-2026
                                                                • Germany - Market size and forecast 2021-2026
                                                                  • Canada - Market size and forecast 2021-2026
                                                                    • Japan - Market size and forecast 2021-2026
                                                                      • Market opportunity by geography

                                                                        Drivers, Challenges, and Trends

                                                                        • Market drivers
                                                                          • Market challenges
                                                                            • Impact of drivers and challenges
                                                                              • Market trends

                                                                                Vendor Landscape

                                                                                • Overview
                                                                                  • Vendor landscape
                                                                                    • Landscape disruption
                                                                                      • Industry risks

                                                                                        Vendor Analysis

                                                                                        • Vendors covered
                                                                                          • Market positioning of vendors
                                                                                            • ABB Ltd.
                                                                                              • Aegis Industrial Software Corp.
                                                                                                • AVEVA Group Plc
                                                                                                  • Dassault Systemes SE
                                                                                                    • Emerson Electric Co.
                                                                                                      • Epicor Software Corp.
                                                                                                        • General Electric Co.
                                                                                                          • Honeywell International Inc.
                                                                                                            • iBASEt Inc.
                                                                                                              • Lighthouse Systems

                                                                                                                Appendix

                                                                                                                • Scope of the report
                                                                                                                  • Inclusions and exclusions checklist
                                                                                                                    • Currency conversion rates for US$
                                                                                                                      • Research methodology
                                                                                                                        • List of abbreviations

                                                                                                                          Research Framework

                                                                                                                          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                                                                                                          TechnavioINFORMATION SOURCES

                                                                                                                          Primary sources

                                                                                                                          • Manufacturers and suppliers
                                                                                                                          • Channel partners
                                                                                                                          • Industry experts
                                                                                                                          • Strategic decision makers

                                                                                                                          Secondary sources

                                                                                                                          • Industry journals and periodicals
                                                                                                                          • Government data
                                                                                                                          • Financial reports of key industry players
                                                                                                                          • Historical data
                                                                                                                          • Press releases
                                                                                                                          Technavio

                                                                                                                          TechnavioDATA ANALYSIS

                                                                                                                          Data Synthesis

                                                                                                                          • Collation of data
                                                                                                                          • Estimation of key figures
                                                                                                                          • Analysis of derived insights

                                                                                                                          Data Validation

                                                                                                                          • Triangulation with data models
                                                                                                                          • Reference against proprietary databases
                                                                                                                          • Corroboration with industry experts
                                                                                                                          Technavio

                                                                                                                          TechnavioREPORT WRITING

                                                                                                                          Qualitative

                                                                                                                          • Market drivers
                                                                                                                          • Market challenges
                                                                                                                          • Market trends
                                                                                                                          • Five forces analysis

                                                                                                                          Quantitative

                                                                                                                          • Market size and forecast
                                                                                                                          • Market segmentation
                                                                                                                          • Geographical insights
                                                                                                                          • Competitive landscape
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                                                                                                                          Manufacturing Operations Management (MOM) Software market growth will increase by $18152.41 million during 2021-2026.
                                                                                                                          The manufacturing operations management (mom) software market is expected to grow at a CAGR of 12.12% during 2021-2026.
                                                                                                                          Technavio has segmented the manufacturing operations management (mom) software market by end-user (Automotive, Food and beverages, Chemical, Pharmaceutical, and Others) and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
                                                                                                                          ABB Ltd., Aegis Industrial Software Corp., Aspen Technology Inc., AVEVA Group Plc, Critical Manufacturing SA, Dassault Systemes SE, Durr AG, Emerson Electric Co., Epicor Software Corp., iBASEt Inc., Lighthouse Systems, Oracle Corp., Plex Systems Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, SYSPRO Pty. Ltd., Honeywell International Inc., General Electric Co., Siemens AG, Honeywell International Inc. are a few of the key vendors in the manufacturing operations management (mom) software market.
                                                                                                                          North America will register the highest growth rate of 32.21% among the other regions. Therefore, the manufacturing operations management (mom) software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                                                                                                                          The key factors driving the manufacturing operations management (mom) software market growth are:
                                                                                                                          • Increasing demand for automation in industrial sectors
                                                                                                                          • Enterprise Resource Planning (ERP) and PLM  integration
                                                                                                                          The manufacturing operations management (mom) software market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
                                                                                                                          • What are the key global market and the regional market share?
                                                                                                                          • What are the revenue-generating key market segments?
                                                                                                                          • What are the key factors driving and challenging this market’s growth?
                                                                                                                          • Who are the key market vendors and their growth strategies?
                                                                                                                          • What are the latest trends influencing the growth of this market?
                                                                                                                          • What are the variables influencing the market growth in the primary regions?
                                                                                                                          • What are the factors influencing the growth of the parent market?
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                                                                                                                          • Five-force market analysis

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