Manufacturing Operations Management (MOM) software Market by Component (Solution and Services), Function (Planning and Scheduling, Quality Process Management, Labour Management, and Others) Organization Size, Vertical (BFSI, Government, Healthcare, IT & Telecom) and Region - Global Forecast to 2027
Manufacturing operations management (MOM) includes activities that improve production, inventory and staffing processes in manufacturing firms. The organizations are adopting MOM software to improve product quality by minimizing damage and increase efficiency, profits and customer satisfaction.
The global manufacturing operations management software market size is expected to grow from USD XX.X billion in 2022 to USD XX.X billion by 2027, at a CAGR of XX.X%. MOM software minimizes damage and waste of raw materials which helps companies to improve order taking and fulfillment accuracy such factors are expected to drive the adoption of MOM software during the forecast period.
Drivers: Increasing need for real-time data monitoring
The advent of Industry 4.0 has compelled manufacturers to adopt digitized technologies, which enabled the operational and manufacturing efficiencies. Analyzing and acting on real-time information leads to decisions that help operations run more smoothly and cost-efficiently. MOM software assists in digitalizing production processes and information into a unified system. It also helps improve execution systems, advance planning and scheduling, and manage quality and research and development (R&D) projects.
Drivers: Rapid growth of digitized technologies in operations
AR and IoT help manufacturers to get their jobs done faster and more accurately. They can view task instructions, checklists, troubleshooting procedures, and get real-time video assistance from remote experts. With the help of AI analytics MOM software enables organizations to practice manufacturing management. A company also minimizes damage to and waste of raw materials. That means better products. Increased efficiencies also improve product consistency and overall quality. Thus, to attain such goals and improve operational efficiency at Svebølle-Viskinge district heating plant in Denmark the authorities implemented ABB Ability MOM Process and Production Intelligence solution. The solution helps the district heating plat to reduce the loss to 33 percent, equivalent to 500 MWh which is around 14,000 USD for fuel.
Challenges: Lack of adequate resources and inadequate software training tools
To install new software and develop an effective onboarding plan, an employee should have adequate knowledge of the overall process. After the initial onboarding, there needs to be continuous employee training on new features and workflows. As there are MOM tools in the market so if the employees do not get proper training, then it might affect the employee productivity. A digital adoption platform is a proven way to onboard new software users quickly and with minimal disruption. When implementing new software, there may be resistance from employees who are happy with the existing system and do not want to learn new processes. It is crucial to fully prepare staff for the changes. Set some time ahead of the implementation to show them the benefits of the new software.
Key players in the market
ABB (Switzerland), Aegis Industrial Software (US), Aspen Technology (US), AVEVA Group (UK), Critical Manufacturing (Portugal), Dassault Systemes (France), Durr (Germany), Emerson Electric (US), iBASEt (US), and SAP (Germany) are few key players in the manufacturing operations management software market globally.
Recent Developments
- In March 2022, SymphonyAI Industrial launched AI embedded MOM 360 manufacturing operations management with integrated manufacturing execution systems (MES) capabilities, enterprise-level governance and AI-based process optimization to help companies achieve Industry 4.0 smart manufacturing goals of data-driven process optimization at enterprise scale.
- In March 2022, iBASEt formed a new strategic partnership with Cyient, a global engineering, manufacturing, and digital technology solutions company. The aim of the partnership is to develop purpose-built software products that can help to ease the transition to digital operations management solutions.
- In September 2021, AVEVA launched AVEVA Operations Control software, with features including IIoT architectures and cloud-driven remote edge management to multi-site supervisory control via a flexible user-centric model, through the AVEVA Flex Subscription program in three core packages including Edge, Supervisory and Enterprise.
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.4 MARKET FORECAST
2.5 ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET
4.2 MARKET, BY COMPONENT, 2022 VS. 2027
4.3 MARKET, BY DEPLOYMENT MODE, 2022 VS. 2027
4.4 MARKET, BY ORGANIZATION SIZE, 2022 VS. 2027
4.5 MARKET, BY VERTICAL, 2022 VS. 2027
4.6 MARKET , BY APPLICATION, 2022 VS. 2027
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.4 CASE STUDY ANALYSIS
5.5 ECOSYSTEM
5.6 VALUE CHAIN ANALYSIS
5.7 TECHNOLOGICAL ANALYSIS
5.7.1 ARTIFICIAL INTELLIGENCE
5.7.2 DATA ANALYTICS
5.7.3 BIG DATA
5.8 PATENT ANALYSIS
5.9 PORTER’S FIVE FORCES ANALYSIS
5.9.1 THREAT OF NEW ENTRANTS
5.9.2 THREAT OF SUBSTITUTES
5.9.3 BARGAINING POWER OF SUPPLIERS
5.9.4 BARGAINING POWER OF BUYERS
5.9.5 DEGREE OF COMPETITION
5.10 REGULATORY LANDSCAPE
5.11 TRENDS/DISRUPTIONS IMPACTING BUYERS
6 MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENT: MARKET DRIVERS
6.2 SOLUTIONS
6.3 SERVICES
7 MARKET, BY FUNCTION
7.1 INTRODUCTION
7.1.1 FUNCTION: MARKET DRIVERS
7.2 PLANNING AND SCHEDULING
7.3 QUALITY PROCESS MANAGEMENT
7.4 LABOUR MANAGEMENT
7.5 OTHERS
8 MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT MODE
8.1 INTRODUCTION
8.1.1 DEPLOYMENT MODE: MARKET DRIVERS
8.2 ON-PREMISES
8.3 CLOUD
9 MARKET, BY ORGANIZATION SIZE
9.1 INTRODUCTION
9.1.1 ORGANIZATION SIZE: MARKET DRIVERS
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES
9.3 LARGE ENTERPRISES
10 MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET, BY VERTICAL
10.1 INTRODUCTION
10.1.1 VERTICAL: MARKET DRIVERS
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
10.3 IT AND TELECOM
10.4 GOVERNMENT AND PUBLIC SECTOR
10.5 MANUFACTURING
10.6 RETAIL AND CONSUMER GOODS
10.7 HEALTHCARE AND LIFE SCIENCES
10.8 ENERGY AND UTILITIES
10.9 OTHER VERTICALS
11 MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 NORTH AMERICA: MARKET DRIVERS
11.2.3 US
11.2.4 CANADA
11.3 EUROPE
11.3.1 EUROPE: MARKET DRIVERS
11.3.3 UK
11.3.4 GERMANY
11.3.5 FRANCE
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 ASIA PACIFIC: MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET DRIVERS
11.4.3 CHINA
11.4.4 JAPAN
11.4.5 INDIA
11.4.6 REST OF ASIA PACIFIC
11.5 MIDDLE EAST & AFRICA
11.5.1 MIDDLE EAST & AFRICA: CLOUD PERFORMANCE MARKET DRIVERS
11.5.3 KINGDOM OF SAUDI ARABIA
11.5.4 UNITED ARAB EMIRATES
11.5.5 REST OF MIDDLE EAST & AFRICA
11.6 LATIN AMERICA
11.6.1 LATIN AMERICA: MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET DRIVERS
11.6.3 BRAZIL
11.6.4 REST OF LATIN AMERICA
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 MARKET SHARE OF TOP VENDORS
12.3 HISTORICAL REVENUE ANALYSIS OF TOP FIVE VENDORS
12.4 KEY MARKET DEVELOPMENTS
12.4.1 NEW LAUNCHES
12.4.2 DEALS
12.4.3 OTHERS
12.5 COMPANY EVALUATION QUADRANT
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
12.6 COMPETITIVE BENCHMARKING
13 COMPANY PROFILES
13.1 INTRODUCTION
(Business Overview, Products, Key Insights, Recent Developments, MnM View)*
13.2 KEY PLAYERS
13.2.1 ABB
13.2.2 AEGIS INDUSTRIAL SOFTWARE
13.2.3 AVEVA
13.2.4 DURR AG
13.2.5 CRITICAL MANUFACTURING
13.2.6 IBASET
13.2.7 ORACLE
13.2.8 SAP
13.2.9 SCHNEIDER ELECTRIC
13.2.10 GENERAL ELECTRIC
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.3 OTHER COMPANIES
13.3.1 SIEMENS
13.3.2 HONEYWELL INTERNATIONAL
13.3.3 PLEX SYSTEMS
13.3.4 ROCKWELL AUTOMATION
13.3.5 EMERSON ELECTRIC
13.3.6 EPICOR SOFTWARE
13.3.7 SYSPRO
13.3.8 DASSAULT SYSTEMES
13.3.9 LIGHTHOUSE SYSTEMS
13.3.10 ASPEN TECHNOLOGY
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.1.1 RELATED MARKET
14.1.2 LIMITATIONS
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORT
15.5 AUTHOR DETAILS
Growth opportunities and latent adjacency in Manufacturing Operations Management (MOM) software Market