Manufacturing Operations Management Software Market

Manufacturing Operations Management Software Market Statistics: 2026

The manufacturing operations management software market size was valued at $7.21 billion in 2018, and is projected to reach $15.21billion by 2026, growing at a CAGR of 9.5% from 2019 to 2026.

The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the manufacturing operations management software industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market.

Manufacturing operations management (MOM) software operates on a collection of systems that are used to manage end-to-end manufacturing operations processes with a primary aim to optimize efficiency of manufacturing operations. Thus, the MOM software market forecast is driven by major factors such as increase in implementation of robotic process automation (RPA).

The MOM software ensures compliance with set of policies and rules that are necessary to maintain production value and ensures that the workforce and associated processes operate accordingly. The software involves a set of processes that continuously improve the inventory, production, maintenance, quality control, and human resource requirement around the strategic objectives to meet product innovation, cost reduction, regulatory compliance, sustainability, and quality of the product. Emergence of digitalization in manufacturing production areas to optimize production performance and to improve flexibility, efficiency, and time-to-market is driving the global manufacturing operations management software market growth during the forecast period.

The manufacturing industry is continuously evolving with digitalized processes to be equipped for rapid demand market changes and disruptive innovation. This has proliferated the need to evolve manufacturing processes to adopt MOM functionality and integrate it into different operational domains through business process automation. MOM software layer is delivered by applications such as Manufacturing Execution Systems (MES), which has transformed operational processes and information digitally to enable efficiency and transparency in areas such as performance management, manufacturing execution, recipe, and batch management. Thus, manufacturers with need to optimize its supply chain and improve its production facilities; thereby, adopting MOM software at a significant rate.

The manufacturing operations management software market in North America dominated in terms of revenue share in 2018 due to high adoption of manufacturing technologies to help industries operating in the region to ease global trade demands.

Segment review

The manufacturing operations management software market is segmented on the basis of component, functionality, enterprise size, industry vertical, and region. By component, it is categorized into software and services. On the basis of functionality, it is divided inventory management, labor management, manufacturing execution system (MES), process & production intelligence, quality process management, and others. On the basis of enterprise size, it is divided into small & medium enterprises and large enterprises. Depending on industry vertical, it is categorized into automotive, chemical, healthcare, food & beverages, consumer goods, aerospace & defense, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the manufacturing operations management software market analysis include ABB Ltd., Aegis Industrial Software Corporation, Aspen Technology, Inc., Critical Manufacturing, Dassault Systems SE, Emerson Electric Co., General Electric Company, Honeywell International, Inc., Plex Systems, and Siemens AG.

Top impacting factors

Advent of Industry 4.0 evolution has compelled manufacturers to opt for digitalized solutions into its facilities for optimized manufacturing processes. This is a major factor expected to drive the growth of the market. Due to proliferation of robotic process automation (RPA), the growth of the global market is expected to boost at a significant rate. Moreover, rise in need for compliance with stringent government regulations in the process of manufacturing a product to meet all quality standards especially in the healthcare sector is another major factor expected to propel the growth of the market. Although high initial investment cost could hinder the market growth. However, with favorable government initiatives toward smart factory the market is expected to overcome the cost challenge.

Advent of Industry 4.0

Industry 4.0 primarily focuses on interconnectivity, machine learning, automation, and real-time data, which has paced the smart manufacturing approach at a significant rate. With evolution of smart manufacturing the production and operations has propelled the adoption of smart digital technologies and software. As MOM software provides automation of manufacturing processes at ease, it is expected to drive the growth of the manufacturing operations management software market in the coming years for better connected ecosystem and optimized manufacturing and supply chain management.

Proliferation of robotic process automation (RPA)

Advent of robotic process automation (RPA) software among manufacturers that are operating across the globe to evolve business functions and production processes to increase profitability, improve operations, and provide workforce with smart solutions. The manufacturing industry is harnessing the power of end-to-end automation software that will help them improve inventory management, communications, procurement, and order processing. This in turn is a major factor that is expected to drive the growth of the global manufacturing operations management software market during the forecast period.

Key Benefits for Stakeholders

• This study includes the manufacturing operations management software market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities of the manufacturing operations management software industry.
• The manufacturing operations management software market share is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the MOM software market.

 Manufacturing Operations Management Software Market Report Highlights