Manufacturing Operations Management Software Market Overview:
The Manufacturing Operations Management (MOM) Software market is expanding as industries prioritize operational efficiency and digital transformation. MOM software integrates production processes, offering real-time insights, resource optimization, and enhanced decision-making capabilities. With the rise of smart factories and Industry 4.0 initiatives, this market plays a critical role in streamlining manufacturing operations.
Global Manufacturing Operations Management Software Market size and share is currently valued at USD 17.26 billion in 2023 and is anticipated to generate an estimated revenue of USD 49.81 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- Adoption of Industry 4.0 Technologies: The integration of IoT, AI, and automation in manufacturing drives the need for MOM software.
- Demand for Operational Efficiency: Manufacturers are leveraging MOM software to optimize resource allocation and reduce downtime.
- Growth of Smart Manufacturing: The push for connected and data-driven factories accelerates the adoption of advanced management solutions.
- Regulatory Compliance and Quality Control: Stricter regulations necessitate software solutions that ensure compliance and maintain high production standards.
Download Free Sample PDF Copy of the Report:
Key Companies in Manufacturing Operations Management Software Market:
- AVEVA Group Plc
- Honeywell International Inc.
- Rockwell Automation Inc.
- Siemens AG
- Schneider Electric
- Epicor Software Corporation
- ABB Ltd.
- GE Digital
- SAP SE
- Dassault Systems
- Critical Manufacturing S.A.
- EMERSON ELECTRIC Co.
- Aegis Industrial Software Corporation
- PLEX Systems
- Aspen Technology Inc.
Manufacturing Operations Management Software Market Segmentation:
Polaris Market Research segments the Manufacturing Operations Management Software market by component (software, services), deployment (on-premises, cloud), application (production planning, quality management, inventory control), and end-use (automotive, aerospace, food & beverages, electronics). This segmentation highlights the software’s diverse applications across industries.
Manufacturing Operations Management Software, Component Outlook (Revenue – USD Billion, 2019 – 2032)
- Software
- Services
Manufacturing Operations Management Software, Deployment Outlook (Revenue – USD Billion, 2019 – 2032)
- On-premise
- Cloud
Manufacturing Operations Management Software, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Advanced Planning & Scheduling
- Manufacturing Execution Systems
- Labor Management
- Inventory Management
- Quality Management
- Laboratory Management
- Others
Manufacturing Operations Management Software, End-Use Outlook (Revenue – USD Billion, 2019 – 2032)
- Aerospace & Defense
- Automotive
- Pharmaceuticals & Medical Equipment
- Chemicals
- Food & Beverages
- Consumer Goods
- Others
Manufacturing Operations Management Software Industry Developments:
The market is witnessing advancements like AI-powered analytics for predictive maintenance and digital twins for process simulation. Companies are increasingly adopting cloud-based MOM software for scalability and cost-effectiveness. Strategic partnerships between software providers and manufacturing firms are driving customized solutions to address specific industry needs. Additionally, the integration of MOM software with enterprise systems like ERP and MES is enhancing operational synergy.
The Manufacturing Operations Management Software market is poised for significant growth, driven by digital transformation and the need for efficient production processes. These solutions are instrumental in modernizing manufacturing, ensuring quality, and boosting productivity across industries.