Global Manufacturing Operations Management Software Market to Grow at a CAGR of 12% During 2024-2032, Driven by the Industry 4.0 initiatives by Governments Around the World.

The Asia Pacific holds a significant share of the market. Its robust manufacturing base and increasing usage of artificial intelligence (AI) in manufacturing operations propel the manufacturing operations management software market growth.

Asia has become the leader in automotive manufacturing with robust automotive production in countries like China, Japan, India, and South Korea by companies such as Toyota Motor (OTCMKTS: TOYOF). By improving efficiency, inventory management, and quality control, these programmes improve order tracking, increase business profits, and boost customer satisfaction.

Partnerships among leading companies support the market growth. In December 2023, Aegis Software, a prominent worldwide supplier of Manufacturing Operations Management Software (MOM/MES), and Arch Systems®, the top data and analytics provider for manufacturing operations, announced a partnership aimed at digitising factory operations' continuous development.

Together, Aegis and Arch aim to provide an AI Copilot that directs producers towards the appropriate course of action and, if wanted, automatically executes that course of action on the shop floor through FactoryLogix®. This accelerates the continuous improvement cycle more quickly than the most skilled process experts could on their own.

The customised product design and human operator interaction data from Aegis' FactoryLogix are added to Arch data sources to enhance the Arch Insight Engine's ability to recommend specific operational and process enhancements. This is a first-time use of AI in manufacturing that makes use of a wider range of data that has the ability to influence physical processes to improve them.

Table: Significant Automotive Manufacturing Countries in Asia Pacific, 2022

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Market Analysis by Industry, Functionality, Enterprise Size, and Region:

• The market, on the basis of industry, can be divided into automotive, chemical, healthcare and pharmaceuticals, food and beverages, consumer goods, aerospace and defence, and industrial equipment, among others.

• Based on functionality, the market can be divided into inventory management, labour management, manufacturing execution system (MES), process and production intelligence, and quality process management, among others.

• The various enterprise sizes for manufacturing operations management (MOM) software include small and medium enterprises and large enterprises.

• The major regional markets for manufacturing operations management (MOM) software include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The increasing adoption of industry 4.0, which provides exponential development potential while tracking and monitoring of manufacturing operations in real-time networks, is the aiding the market expansion.

• Technological advancements such as advanced analytics, machine learning, AI, and cloud technologies offer smooth manufacturing operations and efficiency by promoting automation and digitisation of processes, hence driving the market.

• In 2022, the global manufacturing sector grew by 3.3%. Additionally, in 2022, the United States' defence budget made up almost 40% of all military spending by nations worldwide. The allocation of government budgets to defence further promotes manufacturing operations management (MOM) software adoption.

• Governments around the world are promoting Industry 4.0 and digitalisation in the manufacturing sector. Projects such as the European Union and the German government’s Industry 4.0 to support digital technologies and encourage research and development, SAMARTH Udyog Bharat 4.0 by the Indian government, and Industry 4.0 initiatives by the US government propel the manufacturing operations management software market expansion.

Key Offerings of the Report:

• The EMR report gives an overview of the global manufacturing operations management software market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the industries, functionalities, enterprise sizes, and major regions of manufacturing operations management (MOM) software.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global manufacturing operations management software market are ABB Ltd., Aegis Software Company, Aspen Technology, Inc., The Emerson Electric Co., Epicor Software Corporation, Dassault Systèmes, and Critical Manufacturing, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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