Manufacturing Operations Management (MOM) software Market

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

Report Code: UC 6148 Dec, 2024, by marketsandmarkets.com

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.

Manufacturing Operations Management (MOM) software Market

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.

 

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

 

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


Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).
9 1 3 2 3  
  • Select all
  • News-Letters with latest Market insights
  • Information & discussion on the relevant new products and services
  • Information & discussion on Market insights and Market information
  • Information & discussion on our events and conferences
    • Select all
    • Email Phone Professional and social network (Linkedin, etc)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
UC 6148
Available for Pre-Book
Choose License Type
Prebook Now
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Manufacturing Operations Management (MOM) software Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
knowledgestore logo

Want to explore hidden markets that can drive new revenue in Manufacturing Operations Management (MOM) software Market?

Find Hidden Markets
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
Website Feedback