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Manufacturing Operations Management Software Market

Global Manufacturing Operations Management Software Market: By Industry: Automotive, Chemical, Healthcare and Pharmaceuticals, Food and Beverages, Consumer Goods, Aerospace and Defense, Industrial Equipment, Others; By Functionality; By Enterprise Size; Regional Analysis; Competitive Landscape; 2024-2032

Global Manufacturing Operations Management Software Market Outlook

The global manufacturing operations management software market size is projected to grow at a CAGR of 12% between 2024 and 2032.

 

Key Takeaways

  • Only 43% of small and medium-sized enterprises (SMEs) use advanced software to track and manage their inventory.
  • In 2024, it is anticipated that 42% of warehouses and distribution centers will make investments in automation and technology.
  • 61% of pharma executives in the US use big data and analytics to manage their work operations.

 

Manufacturing operations management (MOM) software is a type of software that helps manufacturers optimise their production processes, improve product quality, reduce costs, and increase efficiency. MOM software integrates various aspects of the manufacturing process, including R&D management, advanced planning and scheduling, product quality management, production capacity analysis, and inventory management.

 

Some of the factors that are driving the manufacturing operations management software market growth are the increasing demand for automation, digitalisation, and smart manufacturing, the need for enhancing operational visibility and traceability, the rising adoption of cloud-based and mobile solutions, and the growing regulatory compliance and environmental concerns.

 

Global Manufacturing Operations Management Software Market

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Key Trends and Developments

Deployment of cloud-based solutions and growing need for inventory management tools are factors propelling the manufacturing operations management software market growth

 

Date Company Announcement
February 2024 Aspen Technology, Inc. Commitment to achieving net-zero operations by 2030. Offering AspenTech Operational Insights for fast, confident decision-making.
February 2024 Cadence Design Systems, Inc., Dassault Systèmes Integration of AI-driven Cadence OrCAD X and Allegro X with Dassault Systèmes’ 3DEXPERIENCE Works portfolio for best-in-class collaboration.
January 2024 ABB Ltd. Significant investment in software engineering and AI-based applications. Acquisition of majority of Meshmind’s assets to expand R&D capabilities in Industrial IoT, AI, and machine vision.
December 2023 ABB Ltd. Strengthened partnership with Volvo Cars to provide more than 1,300 robots for the construction of the next-generation electric vehicles.

 

 

Trends Impact
Deployment of cloud-based solutions More flexibility, security, and accessibility for manufacturers, as they can access their software from any device, location, and time. Cloud-based solutions also reduce the need for hardware maintenance, software updates, and data backup.
Rising demand for automated technologies, such as artificial intelligence (AI) Smart automation, predictive analytics, and quality control for manufacturers, as they can use AI and ML to automate repetitive tasks, forecast demand, detect anomalies, and improve quality. AI and ML can also help manufacturers learn from data, improve decision making, and enhance customer satisfaction.
Emergence of Internet of Things (IoT) and Industry 4.0 Real-time connectivity, data-driven insights, and innovation for manufacturers, as they can connect their machines, devices, and people in a networked system. IoT and Industry 4.0 can help manufacturers monitor, control, and optimise their operations, and leverage new opportunities, such as predictive maintenance, smart logistics, and customised products.
Focus on sustainability and circular economy Reduced environmental impact, waste, and costs for manufacturers, as they can adopt new business models that extend the life cycle of their products and materials. Sustainability and circular economy can help manufacturers reduce their resource consumption, emissions, and disposal, as well as increase their revenues, customer loyalty, and social responsibility.

 

Global Manufacturing Operations Management Software Market Trends

The need for next-generation software that integrates real-time data analysis, cloud computing, and industrial mobility is anticipated to create new opportunities for players in the manufacturing operations management software market. The improved economic conditions have prompted businesses to look for methods to boost productivity and optimise their operations, which has sped up the adoption and creation of software-based solutions like MOM software.

 

The software makes it easier for information to move from the shop floor to the rest of the organisation, improving visibility and enabling real-time control and operational adjustments. Through real-time metrics, it can also identify and send alerts, set off alarms, or automatically shut down machines when necessary. The manufacturing operations management software market outlook is anticipated to be positively impacted by real-time metrics, which aid in the analysis of load patterns, production requirements, and resource demands for energy savings.

 

The increased need for value from data and sophisticated connectivity across the value chain is also expected to drive the manufacturing operations management software market growth. Moreover, MOM software is a vital tool for manufacturers looking to streamline their operations, improve productivity, and increase efficiency. It provides an integrated, data-driven approach to managing manufacturing operations, offering real-time insights, enabling proactive decision-making, and streamlining various processes to enhance overall efficiency and productivity. The wide range of benefits offered by this management software is expected to accelerate the manufacturing operations management software market development in the forecast period.

 

Global Manufacturing Operations Management Software Market By Industry

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Market Segmentation

Global Manufacturing Operations Management Software Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Industries Automotive, Chemical, Healthcare and Pharmaceuticals, Food and Beverages, Consumer Goods, Aerospace and Defence, Industrial Equipment, Others
Functionality Inventory Management, Labour Management, Manufacturing Execution System (MES), Process and Production Intelligence, Quality Process Management, Others
Enterprise Size Small and Medium Enterprises, Large Enterprises
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Automotive industry holds a significant market share as the software helps reduce downtime

According to manufacturing operations management software market analysis, the automotive industry is one of the major end-users of manufacturing operations management software, as it requires efficient coordination and synchronisation of various processes and resources across the supply chain. Manufacturing operations management software helps automotive manufacturers to optimise production planning and scheduling, reduce waste and downtime, improve quality and compliance, and enhance customer satisfaction.

 

Other industries such as the chemical industry faces various challenges such as stringent environmental regulations, complex production processes, fluctuating raw material prices, and high energy consumption. Manufacturing operations management software enables chemical manufacturers to streamline and automate their operations, enhance operational visibility and traceability, ensure safety and compliance, which increases the manufacturing operations management software market value in the chemical industry.

 

Meanwhile, the healthcare and pharmaceutical industry is anticipated to lead the manufacturing operations management software market share in the forecast period as it requires high levels of quality, accuracy, and compliance in its manufacturing operations, as any error or deviation can have serious consequences for human health and safety. Manufacturing operations management software helps healthcare and pharmaceutical manufacturers to manage and monitor their production processes, ensure regulatory compliance and quality standards, manage inventory, and facilitate data-driven decision making.

 

SMEs and large enterprises contributes majorly to market growth for efficient work operations

SMEs may have limited resources and budget to invest in complex and expensive software solutions, but they also need to improve their operational efficiency and competitiveness in the global market. Therefore, they may prefer cloud-based, scalable, and affordable manufacturing operations management software that can meet their specific needs and challenges.

 

Some of the key factors driving the demand for manufacturing operations management software among SMEs are the need to reduce operational costs, enhance quality, optimise production planning and scheduling, comply with regulatory standards, and integrate with other enterprise systems.

 

On the other hand, large enterprises may have more complex and diverse manufacturing processes and operations, involving multiple plants, locations, products, and customers. They may also have more stringent requirements for security, reliability, performance, and customisation of their software solutions. Therefore, they may opt for on-premises, hybrid, or multi-cloud deployment models of manufacturing operations management software that can offer them more control, flexibility, and functionality.

 

According to the manufacturing operations management software market report, some of the factors increasing the value of manufacturing operations software among large enterprises are the need to improve operational visibility, agility, and collaboration, leverage data and analytics for decision making, automate and streamline workflows, and align with strategic goals and objectives.

 

Global Manufacturing Operations Management Software Market By Region

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Competitive Landscape

The market players are increasing their collaboration efforts and partnership activities to gain a competitive edge in the market.

 

Company Name Year Founded Headquarters Products/Services
ABB Ltd. 1988 Zurich, Switzerland Electrical equipment, industrial automation, robotics, power grids
Aegis Software Company 1997 Philadelphia, United States Manufacturing execution system (MES) software
Aspen Technology, Inc. 1981 Bedford, United States Process optimisation software, asset performance management software
Critical Manufacturing 2009 Porto, Portugal Industry 4.0-ready MES software, IoT and big data solutions

 

Other key players in the manufacturing operations management software market include Dassault Systèmes, The Emerson Electric Co., and Epicor Software Corporation, among others.

 

Global Manufacturing Operations Management Software Market Analysis by Region

North America is one of the prominent regions because it has a strong industrial base

North America is the largest market for manufacturing operations management software as the region has a robust industrial base and a high rate of adoption of cutting-edge technologies like cloud computing, artificial intelligence, and the internet of things, which facilitate the integration and optimisation of manufacturing operations. The presence of leading players, such as Siemens, ABB, Honeywell, and Rockwell Automation, also contributes to the manufacturing operations management software market growth in North America.

 

Europe also has a mature market for manufacturing operations management because the region is home to some of the major manufacturing sectors, such as automotive, aerospace, pharmaceutical, and chemical, which require efficient and agile operations management solutions. The increasing focus on sustainability, quality, and compliance, along with the rising demand for customised products, also drives the manufacturing operations management software market expansion in Europe.

 

Meanwhile, Asia Pacific is the fastest-growing market as the region is witnessing rapid industrialisation and urbanisation, which creates a huge potential for the adoption of manufacturing operations management software. The growing investments in smart manufacturing, digital transformation, and industry 4.0 initiatives, especially in China, India, Japan, and South Korea, also increases the overall manufacturing operations management software market size in Asia Pacific.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Industry
  • Functionality
  • Enterprise Size
  • Region
Breakup by Industry
  • Automotive
  • Chemical
  • Healthcare and Pharmaceuticals
  • Food and Beverages
  • Consumer Goods
  • Aerospace and Defence
  • Industrial Equipment
  • Others 
Breakup by Functionality
  • Inventory Management
  • Labour Management
  • Manufacturing Execution System
  • Process and Production Management
  • Quality Process Management
  • Others 
Breakup by Enterprise Size
  • Small and Medium Enterprises 
  • Large Enterprises
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABB Ltd.
  • Aegis Software Company
  • Aspen Technology, Inc.
  • The Emerson Electric Co.
  • Epicor Software Corporation 
  • Dassault Systèmes
  • Critical Manufacturing
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Manufacturing Operations Management Software Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Manufacturing Operations Management Software Historical Market (2018-2023) 
    8.3    Global Manufacturing Operations Management Software Market Forecast (2024-2032)
    8.4    Global Manufacturing Operations Management Software Market by Industry
        8.4.1    Automotive
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Chemical
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Healthcare and Pharmaceuticals
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Food and Beverages
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Consumer Goods
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Aerospace and Defense
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Industrial Equipment
            8.4.7.1    Historical Trend (2018-2023)
            8.4.7.2    Forecast Trend (2024-2032)
        8.4.8    Others
    8.5    Global Manufacturing Operations Management Software Market by Functionality 
        8.5.1    Inventory Management
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Labour Management
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Manufacturing Execution System
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Process and Production Management
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Quality Process Management
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Manufacturing Operations Management Software Market by Enterprise Size
        8.6.1    Small and Medium Enterprises
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Large Enterprises
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Manufacturing Operations Management Software Market by Region
        8.7.1    North America
        8.7.2    Europe
        8.7.3    Asia Pacific
        8.7.4    Latin America
        8.7.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ABB Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Aegis Software Company
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Aspen Technology, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    The Emerson Electric Co.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Epicor Software Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Dassault Systèmes
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Critical Manufacturing
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    Others
12    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Manufacturing Operations Management Software Market: Key Industry Highlights, 2018 and 2032
2.    Global Manufacturing Operations Management Software Historical Market: Breakup by Industry (USD Million), 2018-2023
3.    Global Manufacturing Operations Management Software Market Forecast: Breakup by Industry (USD Million), 2024-2032
4.    Global Manufacturing Operations Management Software Historical Market: Breakup by Functionality (USD Million), 2018-2023
5.    Global Manufacturing Operations Management Software Market Forecast: Breakup by Functionality (USD Million), 2024-2032
6.    Global Manufacturing Operations Management Software Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
7.    Global Manufacturing Operations Management Software Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
8.    Global Manufacturing Operations Management Software Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Manufacturing Operations Management Software Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Manufacturing Operations Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Manufacturing Operations Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Manufacturing Operations Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Manufacturing Operations Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Manufacturing Operations Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Manufacturing Operations Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Manufacturing Operations Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Manufacturing Operations Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Manufacturing Operations Management Software Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Manufacturing Operations Management Software Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Manufacturing Operations Management Software Market Structure

Key Questions Answered in the Report

The market is expected to grow at a CAGR of 12% between 2024 and 2032.

The major drivers of the market include the increasing population, growing need for inventory management tools, rising construction industry, and the growing need for energy conversation.

Operations management oversees the transformation of resources into goods and services.

MOM software is a type of software that helps manufacturers plan, execute, monitor, and optimise their production processes. MOM software can integrate with various systems, such as enterprise resource planning (ERP), quality management system (QMS), supply chain management (SCM), and industrial Internet of Things (IoT).

Key trends aiding market expansion include the rising demand for operational efficiency to improve the quality of the manufacturing process, high deployment of cloud-based solutions, and rising demand for AI and ML technologies.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading industries are automotive, chemical, healthcare and pharmaceuticals, food and beverages, consumer goods, aerospace and defence, and industrial equipment, among others.

The significant functionalities are inventory management, labour management, manufacturing execution system (MES), process and production intelligence, and quality process management, among others.

The major enterprise sizes in the market are small and medium enterprises (SMEs) and large enterprises.

Key players in the market are ABB Ltd., Aegis Software Company, Aspen Technology, Inc., Critical Manufacturing, Dassault Systèmes, The Emerson Electric Co., and Epicor Software Corporation, among others.

Analyst Review

The global manufacturing operations management software market is primarily being driven by the rising need for energy conversation. Aided by the rising construction industry, the industry is expected to witness a robust growth in the forecast period of 2024-2032, growing at a CAGR of 12%.

 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on industry, the market can be segmented into automotive, chemical, healthcare and pharmaceuticals, food and beverages, consumer goods, aerospace and defence, and industrial equipment, among others (oil and gas, metal, and mining, etc.). By functionality, the industry can be divided into inventory management, labour management, manufacturing execution system (MES), process and production intelligence, and quality process management, among others (planning, scheduling, and dispatching, etc.). On the basis of enterprise size, the industry can be divided into small and medium enterprises (SMEs) and large enterprises. The major regional markets for manufacturing operations management software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include ABB Ltd., Aegis Software Company, Aspen Technology, Inc., Critical Manufacturing, Dassault Systèmes, The Emerson Electric Co., and Epicor Software Corporation.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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