LONDON--(BUSINESS WIRE)--The global manufacturing operations management (MOM) software market size is poised to grow by USD 7.45 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 10% during the forecast period.
Read the 125-page research report with TOC on "Manufacturing Operations Management (MOM) Software Market Analysis Report by end-user (automotive, food and beverages, chemical, pharmaceutical, and others) and geography (APAC, Europe, MEA, North America, and South America) 2019 - 2023" at: Request a Free Sample Report
The market is driven by the need for operational efficiency to improve the quality of the manufacturing process. Also, the digital transformation of manufacturing operations is expected to further boost the growth of the manufacturing operations management (MOM) software market.
The demand for high-quality products from manufacturing facilities across verticals such as automotive, chemical, electronics, and food and beverage is increasing at a rapid pace. The proper supply of materials, efficient allocation of resources, and production capacity are the key criteria for improving the output of manufacturing units. MOM software facilitates proper scheduling and expedites work and processes, which helps organizations to improve operational efficiency and provide timely service to customers. Thus, the need for operational efficiency will boost the demand for MOM software during the forecast period.
Rapidly changing consumer preferences and the accelerating demand for product quality and innovation are pushing manufacturers to adopt faster and smarter technologies. The digitization of manufacturing operations is helping manufacturers boost their manufacturing operations, allowing production to move faster and manufacturers to meet aggressive deadlines. The digital transformation of manufacturing facilities will increase the demand for MOM software that helps track the entire transformation of products from raw materials to finished goods.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- ABB Ltd.
- General Electric Co.
- Honeywell International Inc.
- Oracle Corp.
- Siemens AG
Market Segmentation by End-User:
The manufacturing operations management (MOM) software market can be broadly categorized into the following segments:
- Food and beverages
Key Regions for the Manufacturing Operations Management (MOM) Software Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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