Manufacturing Operation Management Software Market

Introduction: - 

The Manufacturing Operation Management (MOM) software market is a critical part of modern manufacturing, facilitating the optimization, control and monitoring of production processes. With MOM software, manufacturers can simplify, improve efficiency and ensure product quality by integrating and managing various aspects of the manufacturing lifecycle. It includes functions such as production planning, scheduling, inventory management, quality and real-time monitoring. With Industry 4.0 and the Internet of Things (IoT), MOM software has evolved to include advanced technologies such as data analytics, artificial intelligence and cloud computing, enabling predictive maintenance, remote monitoring and better decision-making capabilities. The market is driven by increasing demand for operational excellence, cost reduction, regulatory compliance and agile and flexible manufacturing processes. Leading industry players offer a diverse range of MOM solutions tailored to specific industries and operational requirements, driving innovation and competitiveness in a global manufacturing environment.

The global Manufacturing Operation Management Software Market value was 11.50 billion in 2023, it is Expected to Hit 25.30 billion 2032 with CAGR of 8.6%

Manufacturing Operation Management Software Market

Size, by Product, - (USD Billion)

Manufacturing Execution System

Manufacturing Intelligence

Plant Asset Management

Quality Management System

Other Products

The Market will Grow

At the CAGR of:

8.6%

The Forecast Market

Size for in USD:

$ 25.30 billionB

Market overview: -

The Manufacturing Operation Management (MOM) software market is characterized by strong growth due to the increasing adoption of digitization and automation in manufacturing processes. MOM software facilitates real-time monitoring, optimization and control of manufacturing operations, which improves efficiency and quality and reduces costs. Key trends include the integration of advanced technologies such as IoT and artificial intelligence, enabling predictive maintenance and data-driven decision making. There is intense competition on the market, and major players offer versatile solutions tailored to the specific needs of the industry. Geographically, the market is dominated by North America and the Asia-Pacific region, supported by large industries of manufacturing and technological development.

Market drivers: -

Rapid growth of digitized technologies in operations: AR and IoT are helping manufacturers do their work faster and more accurately. They can review task instructions, checklists, troubleshooting and get real-time video help from remote experts. AI analytics MOM software enables organizations to practice production management. The company also minimizes damage and loss of raw materials. That means better products. The increased efficiency also improves product uniformity and overall quality. In the Svebølle-Viskinge district heating plant in Denmark, to achieve such goals and improve work efficiency, the authorities adopted the process and product intelligence solution.

Research methodology: -

Research methodology involves planning, conducting and analyzing systematic studies to achieve specific objectives. This includes the selection of appropriate methods, tools and techniques for data collection and analysis. Common methods include qualitative, quantitative, or mixed methods, each tailored to the research questions and objectives. Researchers follow ethical guidelines, are rigorous in data collection and analysis, and ensure the reliability and validity of results. The methodology is iterative in nature and allows for refinement of research approaches based on new insights. Finally, sound research methodology is the basis for producing reliable and meaningful results to effectively answer research questions.

Manufacturing Operation Management Software Market

Share, by end user, (USD Billion)

11.50 billion%

Automotive

Aerospace and Defense

Food and Beverage

Pharmaceuticals

Other End-Users

25.30 billion

Total Market Size

USD (Billion),

8.6%

CAGR

-

Competitive Strategic Window: -

The competitive strategic window refers to the appropriate period of time during which a firm can achieve a competitive advantage by implementing strategic initiatives. This is the period when market conditions, competitor activities and internal capabilities align favorably. In this window, companies can take advantage of market opportunities, fight threats or strengthen their position. Effective use of the competitive strategic window requires exploiting strengths, improving weaknesses, and quickly adapting to dynamic market dynamics. Exploiting this window can result in missed opportunities or increased competitive pressure. Therefore, companies must constantly assess the market situation and implement timely strategic measures to maintain or improve their competitive position.

Key stakeholders: -

• Manufacturing Companies
• Software Vendors
• System Integrators
• Consulting Firms
• End Users
• Regulatory Bodies
• Investors
• Research Organizations
• Suppliers

• Customers and Consumers

  Manufacturing Operation Management Software Market

  Size, by Product, - (USD Billion)

  The Market will Grow

  At the CAGR of:

  8.6%

  The Forecast Market

  Size for in USD:

  $ 25.30 billionB

  

Major Key Companies: -

• Siemens AG
• ABB Ltd.
• Dassault Systèmes
• SAP SE
• Honeywell International Inc.
• General Electric Company
• Rockwell Automation, Inc.
• Schneider Electric SE
• Emerson Electric Co.
• Werum IT Solutions GmbH

Market segmentation: -

By Types:

• Manufacturing Execution System
• Manufacturing Intelligence
• Plant Asset Management
• Quality Management System
• Process Analytical Technology
• Others

By Application:

• Automotive
• Aerospace and Defense
• Food and Beverage
• Pharmaceuticals
• Chemicals
• Electronics
• Energy and Utilities
• Others

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America

• Middle East and Africa

  Manufacturing Operation Management Software Market TO (USD BN)

  

  CAGR OF

  8.6%

  Manufacturing Operation Management Software Market

  

  25.30 billion%

Market trends: -

MOM software is used in the automotive industry to help manufacturers plan and schedule their production processes, allocate resources and manage workflows. It also ensures that products meet quality standards, reduces defects and increases customer satisfaction. This, along with increasing sales of luxury vehicles and autonomous vehicles due to rapid urbanization and increased incomes, is one of the major factors driving the growth of the market globally. Additionally, increasing use of MOM software in the healthcare sector for supply chain management, inventory control, inventory management, and supply chain process optimization is contributing to market growth. Additionally, growing awareness of hygiene, sustainability, food safety and traceability is driving the demand for MOM software in the food and beverage (FandB) sector. In addition, the growing demand for customization and flexibility in production processes is having a positive impact on the market. In addition, the integration of Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), Cloud Services and Augmented Reality (AR) is increasing in MOM software for monitoring and controlling manufacturing equipment and processes. These advanced technologies are also used for predictive maintenance, enabling real-time data processing, collaboration and remote access, as well as providing workers with visual instructions and guidance for production processes. This coupled with the proliferation of robotics in various tasks such as assembly, inspection and packaging will contribute to the growth of the market.

Market restraints: -

Data security issues are believed to hinder software deployment: One of the biggest issues in digital transformation is data security challenges. Manufacturing operations management software shares a wide range of data for operations use and stores it in the cloud and on-premises. Data can relate to products, models, patents, customer data and many other aspects. In addition, manufacturers have seen several data breach attacks in recent years. This is expected to slow the market growth slightly for a short period of time.

Key Opportunities: -

The rise of IoT and edge computing has increased the number of industrial applications, adding new capabilities to supervisory control and data acquisition (SCADA) platforms. These technologies enhance industrial connectivity and help improve the efficiency and effectiveness of manufacturing, reducing downtime, providing growth opportunities for market expansion. Due to the ever-increasing amount of machine and process data, scalable SCADA systems must adhere to standards such as the Open Platform Communications Unified Architecture (OPC UA), which supports manufacturing and platform-agnostic industrial communications. As SCADA systems evolve to keep pace with the IIoT era, these systems play a key role in manufacturing automation processes.

Many SCADA platform providers tend to source a large number of protocol interfaces rather than relying on third-party gateways with a common architecture (OPC UA or OPC DA). In addition, the emergence of small and medium-sized enterprises or web-based SCADA platforms is expected, as well as the spread of augmented reality (AR) technology, which works in collaboration with process equipment with SCADA automation data. in the following years.

Recent development: -

1. March 12, 2024 – GE Aerospace announced plans to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers.
2. April 2, 2024 – GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”. Today, April 2, 2024, at 9:30 a.m. ET, GE Aerospace and GE Vernova will ring the opening bell together at the NYSE.

Conclusion: -

The manufacturing operations management (MOM) software market is positioned for strong growth and innovation as it meets the changing needs of modern manufacturing. MOM's software solutions focus on operational efficiency, quality control and adaptability and play an important role in increasing productivity and competitiveness in various industries. The presence of the market in platforms like the NYSE underlines its importance as a key factor in the global economy. As manufacturers increasingly embrace digitization and automation, demand for MOM software is expected to continue to grow, providing profitable opportunities for investors and driving industry development.