Manufacturing Operations Management Software Market Size Worth $49.81 Billion By 2032 | CAGR: 12.5%

The global manufacturing operations management software market size is expected to reach USD 49.81 billion by 2032, according to a new study by Polaris Market Research. The report “Manufacturing Operations Management Software Market Share, Size, Trends, Industry Analysis Report, By Component (Software and Services); By Deployment; By Application; By End-Use; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing need to improve the operational efficiency and quality of the products through proper management across various industries and increased adoption of these solutions to make their manufacturing units work in line with high operating efficiencies and regulatory changes are among the prominent factors driving the growth. In addition, the increasing integration of several new technologies driven by data analytics, constant monitoring, and real-time collaboration, along with the surge in the focus of major players to develop innovative system software, are opening huge market growth opportunities.

For instance, in February 2023, AVEVA unveiled its new version of the manufacturing execution system, which helps reduce the costs and complexities of MES solutions. The latest version will help standardize and introduce best practices faster.

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In the last few decades, manufacturers from varied industries have been using industrial IoT along-side this software to support smart manufacturing by using cloud or SaaS platforms & the analytical tools provided by the IIoT. The utilization of MOM software worldwide aims to increase efficiency in how the employees perform in an organization by encouraging several different departments and teams to work together more efficiently.

Manufacturing Operations Management Software Market Report Highlights

• Software segment accounted for largest market share in 2022, which is mainly driven due to its various beneficial features like enhancing decision-making capabilities
• Cloud segment is projected to account for highest market share over the study period, on account of its ability to provide higher flexibility without any need to install physically
• Quality management segment dominated the global market in 2022, owing to increased proliferation for these solutions worldwide, as it ensures the continuous development in the manufacturing operations
• Automotive segment is anticipated to grow at a highest CAGR over the projected period, due to rapidly growing demand for automobiles and increasing pressure on manufacturers to produce vehicles quickly
• North America region led the industry market with maximum market share in 2022, which is highly driven by early adoption of innovated technologies and easy availability of these solutions in the region
• The global key market players include Rockwell Automation, Honeywell International, Aegis Industrial Software Corporation, PLEX Systems, & Epicor Software

Polaris Market Research has segmented the manufacturing operations management software market report based on component, deployment, application, end-use, and region:

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, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa