The IMARC Group's latest research report, titled "Manufacturing Operations Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," offers a comprehensive analysis of the manufacturing operations management software market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global manufacturing operations management software market size reached US$ 11.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
Manufacturing Operations Management Software Market Overview:
Manufacturing operations management (MOM) software is an integrated system designed to optimize and manage the end-to-end manufacturing process. It encompasses a broad range of functionalities, including production planning, scheduling, quality management, inventory management, and maintenance operations. By providing a comprehensive overview of the manufacturing process, MOM software enables companies to improve efficiency, reduce costs, and enhance product quality.
It achieves this by facilitating real-time visibility into the production workflow, enabling decision-makers to identify bottlenecks, monitor machine performance, and ensure that products meet quality standards. Additionally, MOM software integrates with other business systems, such as enterprise resource planning (ERP) and supply chain management (SCM), to ensure a seamless flow of information across all levels of the organization.
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Manufacturing Operations Management Software Market Trends:
The push towards digital transformation stands is driving the global market. As industries strive to enhance efficiency, reduce costs, and optimize production processes, the adoption of MOM software becomes a strategic imperative. This software offers comprehensive solutions that integrate and manage production processes, making it a cornerstone for achieving operational excellence. Moreover, the rising demand for automation and the integration of Internet of Things (IoT) technologies in manufacturing processes fuel the growth of the MOM software market.
Automation streamlines operations reduces human error, and increases productivity, while IoT devices provide real-time data and insights, enabling proactive maintenance and better decision-making. The need for flexibility and scalability in manufacturing operations to quickly adapt to market changes and customer demands also propels the adoption of MOM software. These systems offer scalable solutions that support the expansion of manufacturing capabilities without significant disruptions to existing operations. Additionally, regulatory compliance and quality assurance are critical aspects that drive the MOM software market. Manufacturing industries face stringent regulations and standards that require meticulous record-keeping and process monitoring.
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Competitive Landscape with Key Players:
ABB Ltd.
Aegis Industrial Software Corporation
Aspen Technology Inc.
Critical Manufacturing (ASM Pacific Technology Limited)
Dassault Systemes SE
Emerson Electric Co.
General Electric Company
Honeywell International Inc.
International Business Machines Corporation
Oracle Corporation
Plex Systems Inc.
Siemens AG
Key Market Segmentation:
Functionality Insights:
Inventory Management
Labor Management
Manufacturing Execution System (MES)
Process and Production Intelligence
Quality Process Management
Others
Enterprise Size Insights:
Small and Medium Enterprises
Large Enterprises
Industry Vertical Insights:
Automotive
Chemical
Healthcare
Food and Beverages
Consumer Goods
Aerospace and Defense
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.Contact US:IMARC Group134 N 4th St. Brooklyn, NY 11249, USAEmail: sales@imarcgroup.comTel No:(D) +91 120 433 0800United States: +1-631-791-1145
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