Manufacturing Operation Management Software Market Size, Growth, Key Players & Forecast 2027 | Credence Research



The latest market report published by Credence Research, Inc. Globally, the manufacturing operation management software market is expected to grow with a CAGR of 9.3% during the forecast period from 2019 to 2027. 

The global Manufacturing Operation Management (MOM) software market is experiencing significant growth as manufacturers increasingly recognize the need for streamlined and efficient production processes. MOM software plays a pivotal role in optimizing manufacturing operations by providing real-time visibility, control, and data analytics. This article explores the key trends and factors driving the growth of the Manufacturing Operation Management Software Market.

Industry 4.0 Integration:

The adoption of Industry 4.0 principles has become a key driver for MOM software. Manufacturers are embracing automation, IoT, and data analytics to enhance their operational efficiency and responsiveness. MOM software seamlessly integrates with smart manufacturing technologies, enabling manufacturers to monitor and control their processes in real-time, leading to reduced downtime and improved overall productivity.

Demand for Data-Driven Decision Making:

Manufacturers are increasingly relying on data-driven decision-making processes to improve efficiency and reduce costs. MOM software provides advanced analytics tools that enable manufacturers to gather and analyze data from various sources. This data-driven approach helps in predictive maintenance, quality control, and optimized production planning.

Regulatory Compliance:

The manufacturing industry is highly regulated, with strict quality and safety standards. MOM software assists manufacturers in ensuring compliance with these regulations by providing documentation, tracking, and reporting capabilities. This helps manufacturers avoid costly penalties and maintain their reputation.

Supply Chain Integration:

Effective supply chain management is crucial for manufacturers to meet customer demands and minimize disruptions. MOM software facilitates seamless integration between production and supply chain processes, ensuring efficient order management, inventory control, and just-in-time production.

Browse the Full Report:  https://www.credenceresearch.com/report/manufacturing-operation-management-software-market

Increased Focus on Sustainability:

Sustainability is becoming a key concern for manufacturers worldwide. MOM software aids in optimizing energy consumption, reducing waste, and minimizing the environmental impact of manufacturing operations. This aligns with the growing global emphasis on sustainable production practices.

Cloud-Based Solutions:

The adoption of cloud-based MOM solutions is on the rise. Cloud-based MOM software offers scalability, flexibility, and cost-effectiveness, allowing manufacturers to access critical data and functionalities from anywhere, anytime. This trend is particularly beneficial for small and medium-sized enterprises (SMEs) looking to modernize their operations.

Market Competition and Vendor Landscape:

The MOM software market is highly competitive, with several global and regional players vying for market share. Leading vendors in the industry include Siemens AG, Dassault Systèmes, ABB Ltd., and Rockwell Automation, among others. The competitive landscape is driving innovation and pushing vendors to offer more comprehensive and tailored solutions to meet the diverse needs of manufacturers.

Conclusion:

The Manufacturing Operation Management Software Market is witnessing robust growth due to the increasing adoption of Industry 4.0 practices, the demand for data-driven decision-making, regulatory compliance requirements, and the focus on sustainability. As manufacturers continue to prioritize operational efficiency and flexibility, MOM software will remain a crucial tool for achieving these goals. Cloud-based solutions and a competitive vendor landscape are set to further drive the market's expansion, making MOM software an essential component of modern manufacturing operations. Manufacturers looking to stay competitive and future-ready should consider implementing MOM software to optimize their production processes and gain a competitive edge in the market.

List of Companies Covered:

  • ABB Ltd.

  • AVEVA Group plc

  • Dassault Systèmes

  • Epicor Software Corporation

  • GE DIGITAL

  • Honeywell International Inc

  • Rockwell Automation, Inc.

  • SAP SE

  • Schneider Electric

  • Siemens AG

By Segmentation Type

By Component Type

  • Software

  • Services

By Deployment Type

  • On-premise

  • Cloud

By Enterprise Type

  • Large Enterprise

  • Small & Medium Enterprise

By Application Type

  • Advanced Planning & Scheduling

  • Manufacturing Execution Systems (MES)

  • Labor Management

  • Inventory Management

  • Quality management

  • Laboratory Management

  • Others

By End-User Type

  • Aerospace & Defense

  • Automotive

  • Pharmaceuticals & Medical Equipment

  • Chemicals

  • Food & Beverages

  • Consumer Goods

  • Others

By Geography Type

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

 

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