Manufacturing Operations Management Software Market Growth, Size, Share, Trends, and Forecast 2032

Manufacturing Operations Management Software Market: Industry Prospective

The global Manufacturing Operations Management Software Market size was valued at USD 15.89 Billion in 2023 and is predicted to reach USD 52.5 Billion by the end of 2032. The market is expected to grow with a CAGR of 14.2% during the forecast period. The report analyzes the global Manufacturing Operations Management Software Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Manufacturing Operations Management Software industry.

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Global Manufacturing Operations Management Software Market: Overview

The manufacturing operation management (MOM) is the solution that offers complete visibility of the operations that are carried out into the plant floor and supports enhancing the performance of the manufacturing operations. The MOM software helps to optimize the operations by connecting, collecting, and scheduling the automation activities of the shop-floor in addition to supporting activities and a huge set of production workflows of the enterprises.

Global Manufacturing Operations Management Software Market: Growth Factors

Automation across several industries at a rapid pace, rise in the execution of robotic process automation (RPA), and an increase in demand for products of high quality are some of the major factors that are augmenting the growth of the global manufacturing operations management software market. In the past few years, the manufacturing industry has experienced a speedy influx owing to digitized processes. Thus, to sustain any changes in the demand & supply market and troublesome innovations, there arises the need to adopt manufacturing operations management. In such cases, MOM software facilitates the requirements of the business as it operates on the aggregation of the systems that are utilized to manage the end-to-end manufacturing operation processes while maintaining the primary objective to improve the efficiency of the supply chain of complex manufacturing operations.

Thus, there is a rise in the adoption of manufacturing operation management software as it constantly enhances the operational activities to meet the objective of quality maintenance, inventory management, regulatory compliance, reduction in operation cost, and product innovation. This is driving the growth of the global market. Moreover, the need for proper management in manufacturing units of the industries and growing usage of manufacturing operation management tools are also some of the key aspects that are boosting the growth of the market. Furthermore, advancements in the technologies to enhance the efficiency of the MOM software will lead to several opportunities for the growth of the global manufacturing operations management software market during the forecast period. However, the high initial cost associated with MOM software may hinder the growth of the global manufacturing operations management software market.

The global manufacturing operations management software market is been severely hit by the outbreak of the Covid-19. Most of the countries declared complete lockdown and restrictions on movement as the virus was been rapidly spreading and have infected millions of people across the world. The industrial sector has to strictly shut down all its manufacturing units due to the strict regulations imposed by the government. This hampered the demand for the manufacturing operations management software thereby affecting the growth of the market.

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Global Manufacturing Operations Management Software Market: Segmentation Analysis

The global manufacturing operations management software market is fragmented based on functionality, organization size, component, vertical, and region. Based on functionality, the global manufacturing operations management software market is classified into quality process management, process and production intelligence, manufacturing execution systems, labor management, inventory management, and others. Based on the organization size, the global market is split into large enterprises and small & medium-sized enterprises. Based on the component, the market is divided into software and services. The vertical segment comprises industrial equipment, aerospace & defense, consumer goods, food & beverages, healthcare & pharmaceuticals, chemicals, and automotive.

Manufacturing Operations Management Software Market: Report Scope

Global Manufacturing Operations Management Software Market: Regional Analysis

Geographically, North America is anticipated to hold the maximum share in terms of revenue in the global manufacturing operations management software market during the forecast period. This is attributed to the growing adoption of advanced technologies such as artificial intelligence & IoT in the manufacturing units, huge investment to upgrade the features of the MOM software, and growing use of MOM tools in the industrial sectors. Europe is expected to be the second-largest market owing to the presence of the largest manufacturing industries in countries like Italy and Germany. Asia Pacific is expected to grow at a faster rate due to growing demand for the MOM software from several industrial sectors and rapid automation in the manufacturing units.

Global Manufacturing Operations Management Software Market: Competitive Players and Segments

Some of the key participants in the global manufacturing operations management software market are

• Critical Manufacturing S.A.
• Siemens AG
• Emerson Electric Co.
• ABB Group
• Aegis Industrial Software Corporation
• Honeywell International, Inc.
• Dassault Systemes SE (Dassault Group)
• Plex Systems, Inc.
• General Electric (GE) Co.
• and Aspen Technology, Inc.

By Functionality

• Quality process management
• Process and roduction intelligence
• Manufacturing execution systems
• Labor management
• Inventory management
• and Others

By Organization size

• Large enterprises
• Small & medium-sized enterprises

By Component

• Software
• Services

By Vertical

• Industrial equipment
• Aerospace & Defense
• Consumer Goods
• Food & Beverages
• Healthcare & Pharmaceuticals
• Chemicals
• and Automotive

Global Manufacturing Operations Management Software Market:  Regional Segments

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.