Manufacturing Operations Management (MOM) Software Market - Snapshot

Manufacturing companies face challenges in increasing manufacturing profitability, obtaining higher return on assets, lowering business risk, and improving customer relationship processes. Companies started adopting Manufacturing Execution Systems (MES) to overcome these business challenges, which turned out to be a traditional approach toward handling the operations in manufacturing companies. These companies then started investing in IT solutions that enhanced the traditional Manufacturing Execution Systems (MES) in order to attain better quality, lean manufacturing systems, and enhanced labor and production management processes. Manufacturing Operations Management (MOM) is one such innovation that helps manufacturing companies to improve the performance in terms of revenue and productivity. Manufacturing Operations Management (MOM) software is termed as the advanced version of MES that provides critical support and enhances industrial/manufacturing processes and procedures.

manufacturing operations management mom software market

The Manufacturing Operations Management (MOM) software market is expected to grow at a CAGR of 9.6% during the forecast period 2018-2026. The market is expected to reach 15,554.0 Mn in 2026. The major reason for the growth of the market are stringent government regulations regarding the quality of products. Highly regulated industries such as medical devices and equipment, require rigorous internal and external reporting to comply with strict government regulations. Quality and uniformity are given significant importance in such industries. Manufacturing Operation Management (MOM) software has the ability to automate essential regulatory processes to comply with government regulations and meet the requirements of reporting in such industries. MOM solutions have the ability to streamline regulatory processes to ensure FDA, GMP, ISO, and other compliances, thus driving the market globally.

Globally, the manufacturing operations management software market is segmented in terms of component, functionality, enterprise size, and industry. Component segment is bifurcated into software and professional services. Software segment is further divided into cloud and on-premise. Cloud based software segment is expected to hold larger share throughout the forecast period. This is mainly due to the fact that companies are focusing on adopting cloud based system, so as to enhance the efficiency of their business process. In terms of functionality, inventory management and quality process management are expected to expandat the highest CAGR during the forecast period. An organization’s focus on cost and operation time reduction is compelling them to adopt MOM software for these applications, thus supporting the growth of the market. In terms of enterprise size, small & medium enterprises are estimated to hold large market share during the forecast period. This is mainly due to the presence of large number of SMEs across the regions and increasing adoption of MOM software among them to streamline their processes. Large enterprises are anticipated to have significant growth rate due to adoption of digital methods of handling data related to manufacturing operations. Among various process industries, healthcare & pharmaceuticals held the major share in terms of revenue in 2018. Growth of this segment is attributed to rising demand for automation in healthcare industries to improve production efficiency. Automotive, chemicals, food and beverages are anticipated to have a strong market across North America, Europe, and Asia Pacific

The MOM software market is also bifurcated on the basis of various regions into North America, Europe, South America, Middle East & Africa, and Asia Pacific. Asia Pacific, North America, and Europe are the major revenue contributors to the overall market. Middle East & Africa and South America are witnessing limited adoption of MOM software as compared to other regions. However, with growing penetration of smart manufacturing solutions, these regions are also expected to experience healthy growth during the long term forecast period.

The major strategy adopted by the players operating in the market includes focus on mergers and acquisitions, enhancing the product portfolio and effectively delivering the required services to end-users. Major market players are engaged in acquiring smaller players to gain market share and to provide complete solutions for factory automation. Increasing demand for industrial automation have greatly contributed to the growth of MOM software globally.

The global MOM software market comprises large number of multinational companies who are providing a range of comprehensive services and solutions to the end-users. These companies include Emerson Process Management, Honeywell International Inc., General Electric Co., Invensys plc. and others.

Manufacturing Operations Management (MOM) Software Market: Overview

This comprehensive report by Transparency Market Research analyzes and forecasts the Manufacturing Operations Management (MOM) software market at the global and regional level. The report provides an analysis of the global Manufacturing Operations Management (MOM) software market for the period from 2016 to 2026, wherein the period from 2018 to 2026 comprises the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends playing a major role in the growth of the MOM software market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a complete perspective on the Manufacturing Operations Management (MOM) software market growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America. The report would help suppliers and distributors to understand the current and future trends in the market and formulate their strategies accordingly.

The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the ecosystem analysis for the Manufacturing Operations Management (MOM) software market. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth.

Global Manufacturing Operations Management (MOM) Software Market: Scope of the Report

The Manufacturing Operations Management (MOM) software market is segmented by component, functionality, enterprise size, and industry. By component, the market is segmented into software and professional services. Software segment is further bifurcated into on-premise and cloud-based. Professional services include consulting, integration and maintenance. Based on functionality, the market is segmented into inventory management, labor management, manufacturing execution system, process & production intelligence, quality process management, and others. By enterprise size, the market is segmented into small & medium size enterprises and large enterprises. On the basis of industry, the global MOM software market is bifurcated into automotive, chemical, healthcare & pharmaceuticals, food & beverages, consumer goods, aerospace & defense, industrial equipment, and others. Revenue data is estimated for all the above mentioned segments.

The report also includes competitive profiling of key players associated with the market around the globe. The important business strategies adopted by leading players, their market positioning, financials, SWOT analysis, and recent developments have been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.

Global Manufacturing Operations Management (MOM) Software Market: Research Methodology

The Manufacturing Operations Management (MOM) software market data estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the MOM software market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research, is again discussed and examined by our expert panel. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding purposes. Secondary research also includes a study of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Global Manufacturing Operations Management (MOM) Software Market: Competitive Dynamics

Major strategies adopted by Manufacturing Operations Management (MOM) software providers include strategic acquisitions and partnerships. During the forecast period, it is estimated that established players in the market would either get merged into large enterprises or would give tough competition to emerging players in the market. It is estimated that large MOM software vendors would acquire regional players to improve their distribution networks in the domestic as well as international markets. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. 

Market Segmentation: Global Manufacturing Operations Management (MOM) Software Market

By Component

  • Software
    • On-Premise
    • Cloud-based
  • Professional Services

By Functionality

  • Inventory Management
  • Labor Management
  • Manufacturing Execution System (MES)
  • Process and Production Intelligence
  • Quality Process Management
  • Others (Planning, Scheduling & Dispatching etc.)

By Enterprise Size

  • Small & Medium Enterprises (SME’s)
  • Large Enterprises

By Industry

  • Automotive
  • Chemical
  • Healthcare and Pharmaceuticals
  • Food and Beverages
  • Consumer Goods
  • Aerospace and Defense
  • Industrial Equipment
  • Others (Oil and Gas, Metal and Mining etc.)

In addition, the report provides analysis of the Manufacturing Operations Management (MOM) software market with respect to the following geographic segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America