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

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?

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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?

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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?

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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.

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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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