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Manufacturing Operations Management Software Market to Garner $15.21 Bn, Globally, by 2026 at 9.5% CAGR: Allied Market Research

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Allied Market Research

12 Mar, 2020, 13:30 GMT

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Advent of Industry 4.0, execution of robotic process automation (RPA), and increase in need for compliance with stringent healthcare regulations propel the growth of the global manufacturing operations management software market

PORTLAND, Oregon, March 12, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Manufacturing Operations Management Software Market by Component (Software and Services), Functionality (Inventory Management, Labor Management, Manufacturing Execution System (MES), Process & Production Intelligence, Quality Process Management, and Others), Enterprise Size (Small & Medium Enterprises and Large Enterprises), and Industry Vertical (Automotive, Chemical, Healthcare, Food & Beverages, Consumer Goods, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global manufacturing operations management software market accounted for $7.21 billion in 2018, and is anticipated to reach $15.21 billion by 2026, registering a CAGR of 9.5% from 2019 to 2026.

Chief reasons for market fluctuations

Advent of Industry 4.0, implementation of robotic process automation (RPA), and rise in need for compliance with stringent healthcare regulations drive the growth of the global manufacturing operations management software market. However, high initial investment hampers the market growth. On the contrary, increased adoption of supervisory control and data acquisition and advancements in Industrial IoT (IIoT) are expected to create lucrative opportunities in the industry.

The software segment dominated the market

Based on component, the software segment held the largest share in 2018, contributing to nearly three-fourths of the global manufacturing operations management software market. The emergence of digitalization in manufacturing production areas to optimize production performance and improve flexibility, efficiency, and time-to-market drive the growth of this segment. On the other hand, the services segment is expected to register the fastest CAGR of 11.8% during the forecast period.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6305

Prescription segment to portray fastest growth by 2026

Based on enterprise size, the small and medium enterprises segment is expected to register the fastest CAGR of 11.8% during the forecast period. The proliferation of lean manufacturing among SMEs to eliminate almost all waste from production processes is a major factor that drives the growth of the segment. However, the large enterprises segment dominated the global manufacturing operations management software market in 2018, accounting for four-fifths of the market. Large industries have gained high traction of manufacturing operations management software to have consistent manufacturing operations across all its locations, which drives the growth of the segment.

North America to lead throughout the forecast period

The global manufacturing operations management software market across the North America region held the largest share in 2018, accounting for nearly two-fifths of the market. The region is expected to maintain its dominance throughout the forecast period. The emergence of extensive technological advancements in manufacturing and increase in the global competitiveness among manufactures. On the other hand, the market across the Asia-Pacific region is anticipated to register the fastest CAGR of 11.8% during the forecast period, owing to the rise in demand for technology-based services and growth in number of manufacturing facilities.

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Major market players

  • Aegis Industrial Software Corporation
  • Aspen Technology, Inc.
  • Critical Manufacturing
  • Honeywell International, Inc.
  • Plex Systems
  • Siemens AG
  • ABB Ltd.
  • Critical Manufacturing
  • Dassault Systems SE
  • Emerson Electric Co.

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https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

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Similar Reports:

Manufacturing Analytics Market Expected to Reach $28.4 Billion by 2026

Enterprise Artificial Intelligence (AI) Market is Expected to Reach $53.06 Billion by 2026

Manufacturing Predictive Analytics Market is Expected to Reach $2.52 Billion by 2026

Enterprise Application Market is Expected to Reach $ 213.43 Billion by 2020

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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