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The Manufacturing Operations Management (MOM) Software Market size is estimated to grow by USD 17.72 billion at a CAGR of 12.03% between 2022 and 2027. The market's growth is driven by various factors, including the rising demand for automation in industrial sectors, the imperative for operational efficiency to enhance manufacturing quality, and the ongoing digital transformation of manufacturing operations. These factors collectively contribute to the market's expansion, reflecting the industry's shift towards more automated, efficient, and digitally-driven manufacturing processes. Additionally, factors such as the integration of advanced technologies like AI and IoT in industrial automation, the increasing focus on sustainability and reducing environmental impact, and the growing need for flexible and agile manufacturing processes are further fueling the market's growth. These trends indicate a broader industry movement towards smart, connected, and sustainable manufacturing practices.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This market report extensively covers market segmentation by end-user (automotive, food and beverages, chemical, pharmaceutical, and others), deployment (on-premises and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the automotive segment will be significant during the forecast period. The automotive industry is one of the fastest-growing industries and a major contributor to the manufacturing industry. Companies in this industry manufacture chassis for automobiles and light-duty motor vehicles and assemble final automotive and light-duty motor vehicles. These vehicles include cars, cross utility vehicles (CUVs), sport utility vehicles (SUVs), and pickup trucks and vans.
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The automotive segment was valued at USD 4.26 billion in 2017. In this segment, the digitization of the manufacturing processes can play a key role in efficient production. Digitization enables the automotive players to explore monetizing opportunities at the consumer end while transforming workplaces by applying robotics. This shift towards a digitized workplace is crucial for having a major competitive edge in the automotive sector.
MOM software overcomes challenges such as the need for greater connectivity and mobility in manufacturing processes to utilize manufacturing time and equipment efficiently. The increased need for value from data and sophisticated connectivity across the value chain have impacted the entire automotive industry ecosystem, which is expected to be a key driver of the during the forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America is one of the most mature regions in terms of adopting cloud services and digital platforms by the manufacturing industry. The presence of major companies in the region and the availability of cloud solution-based technical expertise are the key factors contributing to the growth of the regional market. Increased adoption of cloud solutions and services to reduce operating costs and improve business efficiencies is a critical factor that is expected to drive the regional market during the forecast period.
The market plays a critical role in optimizing inventory levels and ensuring product quality while minimizing damage and maximizing profits. By focusing on customer satisfaction, They integrate with raw materials procurement, order taking, and fulfillment accuracy to enhance overall operations. Leveraging digitized technologies, MOM solutions drive operational efficiency by integrating execution systems, planning and scheduling, and production efficiency tools. However, the rise of digitization has also brought challenges like data theft, cyberattacks, and privacy concerns, prompting the adoption of secure platforms like Hub, SaaS, and the PI System by providers such as Dassault Systèmes in the software, services, on-premise, and cloud segments. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the 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 (Manufacturing Operations Management) software plays a crucial role in facilitating the flow of information from the shop floor to the rest of the company. This leads to better visibility of the shop floor operations, allowing for real-time control and adjustments to be made easily. They integrate digitized technologies, enhance operational efficiency, improve product quality, streamline processes, increase production efficiency, and aid in planning and scheduling.
In addition, they identify and send alerts, trigger alarms, or even automatically shut 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.
Another key factor driving the market growth is the digital transformation in the manufacturing industry. They offer 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 operations and asset lifecycles. For instance, PepsiCo Inc. (Pepsi), The Coca-Cola Co. (Coca-Cola), and 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.
One of the key challenges to market growth is the threat of pirated software. The sharing of a purchasing license of a single end-user with other end-users is also considered software piracy. Trade groups, such as the Software Alliance (formerly known as BSA), have initiated awareness about the risk of using pirated software. Companies 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 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.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aegis Industrial Software Corp.: The company offers manufacturing operations management software solutions such as FactoryLogix. They offer industrial solutions such as manufacturing engineering management, adaptive planning, quality management and more for automotive, aerospace and defense, consumer goods industries, and others.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The 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 to 2027.
The market is rapidly evolving with the integration of AR and AI analytics to enhance district heating operations. Efficient fuel management and effective employee training are crucial aspects driving digital adoption. Companies like SymphonyAI Industrial and Cyient are leading with manufacturing execution solutions and enterprise-level governance. They focus on AI-based process optimization and datadriven insights. Strategic partnerships, like the one between Cyient and PlanetTogether, are shaping the industry, offering IIoT architectures and real-time data analytics. Cloud technologies and machine learning are at the forefront, ensuring organizational efficiency and interconnectivity of networks. RandD activities and mergers, such as that of Plex Systems, are driving innovation in cloudbased smart manufacturing platforms, streamlining processes through SaaS solutions in the software, services, on-premise, and cloud segments.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.03% |
Market growth 2023-2027 |
USD 17.72 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
11.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
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., Aegis Industrial Software Corp., ARC Advisory Group, ATS Global B.V., Critical Software, Dassault Systemes SE, Durr AG, ECI Software Solutions Inc., Emerson Electric Co., Epicor Software Corp., HCL Technologies Ltd., iBASEt Inc., Panasonic Holdings Corp., Rockwell Automation Inc., Royal Cargo Inc., Schneider Electric SE, sedApta S.r.l., Siemens AG, and SNic Solutions Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
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 Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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