The Growing Adoption of Paperless Technologies Across Manufacturing Sector is Driving the Growth of Manufacturing Operation Management Software Market

Globally, the manufacturing operation management software market is expected to grow with a CAGR of 9.3% during the forecast period from 2023 to 2030. The market is driven by the growing adoption of the paperless technologies across the manufacturing sector. The paperless technologies are referred to the use of software technologies across the industry sectors to keep track of the production process and enhance operational efficiency. Moreover, the advance software solution enables the manufacturers to integrate multiple data points into single platform to streamline the decision making process and drive business agility.

The increasing adoption of the automation across the manufacturing organization is serving as a major factor driving the demand for the manufacturing operation management software market. Moreover, the rising need among the manufacturers to enhance the operational efficiency is accelerating the market growth. However, data safety and security issues associated is acting as a major inhibitor in the growth of the market. 

Inventory Management is Dominating the Manufacturing Operation Management Market 

The manufacturing operation management software market is categorized based on functionality into inventory management, labor management, manufacturing execution system (MES), process & production intelligence, quality process management, and others. Inventory management accounted for more than 30% share in the revenue in 2018.

The growth of the market is attributed to the growing adoption of the advance software solution to streamline the supply chain operation across the industrial sector. Moreover, the growing need among the enterprises to enhance the operational performance is also accelerating the adoption of the inventory management solution. On the other hand, process & production intelligence is estimated to grow significantly during the forecast period.    

North America is Leading the Manufacturing Operation Management Software Market                                                                                                                

North America accounted for more than 37% share in the manufacturing operation management software market in 2018. The growing adoption of the automating the manufacturing processes is the primary factor driving the growth of the market. The supportive government initiatives across the region to support automation and digitalization are further accelerating the adoption of the software solution across the industry sector. Additionally, the increasing adoption of the advance technologies such as Industrial Internet of Thing (IIoT), AI and Big Data solution is driving the market growth.

The key players in the manufacturing operation management software market are ABB Ltd., Critical Manufacturing, Dassault Systemes, Emerson Electrical Co., Epicor Software Corporation, Aegis Industrial Software Corporation, General Electric Company, Honeywell International Inc., iBASEt, Invensys PLC, Rockwell Automation, Schneider Electric, and Siemens AG.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Manufacturing Operation Management Software market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Manufacturing Operation Management Software market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Manufacturing Operation Management Software market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Manufacturing Operation Management Software market?
• Which is the largest regional market for Manufacturing Operation Management Software market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Manufacturing Operation Management Software market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Manufacturing Operation Management Software market worldwide?