Global Manufacturing Operations Management Software Market Report and Forecast 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.

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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

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.

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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:

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.

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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.

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