Manufacturing Management Software Trends

As manufacturing grows in complexity, a modern manufacturing operations management system consolidates all production processes to improve quality management. The increasing use of manufacturing software in emergency backup power applications, material handling, transportation, and others is driving the growth of the manufacturing software market across the globe. This reflects that the global manufacturing operations management (MOM) market size was estimated at USD 13.39 billion in 2021 and expected to reach USD 23.25 billion by 2026.

The manufacturing operations management software is segmented on the basis of component, functionality, enterprise size, region, and end-use industry. By component, it is categorized into software (on-premise and cloud-based) and professional services (consulting, integration, and maintenance). Upon the functionality, it is divided in to inventory management, labor management, manufacturing execution system, process and product intelligence, quality process management, and others (planning, scheduling, and dispatching).

Categorized by end-user industry, it comprises automotive, chemical, healthcare and pharmaceuticals, food and beverages, consumer goods, aerospace and defense, industrial equipment, and others (oil & gas and metal & mining). Lastly, it is regionally segmented into North America, South America, Europe, Asia Pacific, and the Middle East, and Africa.

According to Transparency Market Research’s report, digital transformation has always been considered one of the predominant key growth drivers of the manufacturing operations management software market. An advanced manufacturing operations management has been increasingly deployed to overcome technical errors.

Based on KBV Research’s analysis presented in the cardinal matrix, Emerson Electric Co., ABB Group, Siemens AG, and Honeywell International, Inc. are some of the forerunners in the manufacturing operations management software market. Companies such as Aspen Technology Inc., Aegis Industry Software Corporation, Plex Systems Inc., Dassault Systemes SE, Critical Manufacturing S.A., and General Electric (GE) are some of the key innovators in the manufacturing operations management software market.

Article by: Asst. Prof. Suwan Juntiwasarakij, Ph.D., Senior Editor