The Europe Manufacturing Operations Management Software Market would witness market growth of 9.5% CAGR during the forecast period (2019-2025). MOM software guarantees compliance with the set of principles and rules that are required to maintain the value of production and ensure that the workforce and associated processes operate properly. The software includes a series of processes that continually enhance inventory, production, maintenance, quality control and human resource requirements around the strategic objectives of product innovation, regulatory compliance, cost reduction, sustainability and product quality. The advent of digitalization in manufacturing areas to maximize production performance and boost productivity, quality and time-to-market drives the growth of the global manufacturing operations management (MOM) software market over the forecast period.
Advent of Industry 4.0, coupled with government-sponsored initiatives for digitization projects in emerging economies to adopt advanced technologies in the manufacturing sector are key factors expected to drive the growth of the global market. Furthermore, the prevalence of Industrial Internet of Things (IIoT) devices with swift adoption of automation technologies has been one of the key factors fueling the market growth during the forecast period.
In addition, increased demand for cloud-based predictive analytics tools and ongoing smart factory projects around the globe are expected to provide booming market opportunities for revenue growth. Nonetheless, the high costs needed at the initial stage in terms of investment and cloud-related issues are some of the limiting factors for the market for software management manufacturing operations.
Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Manufacturing Execution System (MES), Quality Process Management, Labor Management, Process & Production Intelligence, Inventory Management and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Healthcare, Automotive, Chemical, Consumer Goods, Aerospace & Defense, Food & Beverages and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Manufacturing Operations Management Software Market in Europe is expected to register a CAGR of 9.5% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Aspen Technology, Inc., Dassault Systemes SE (Dassault Group), Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., Siemens AG, Plex Systems, Inc., Aegis Industrial Software Corporation, and Critical Manufacturing S.A.
Market Segmentation:
By Component
By Application
By Organization Size
By End User
By Country
Companies Profiled
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