Report ID: UCMIG20I2150
Report ID:
UCMIG20I2150 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global manufacturing operations management (MOM) software market reached a valuation of approximately USD 15.24 billion. This market is projected to witness substantial growth over the forecast period from 2023 to 2030, with a compound annual growth rate (CAGR) of 12.9%. MOM software plays a crucial role in optimizing and streamlining manufacturing operations by integrating various processes, such as planning, scheduling, inventory management, and quality control. The increasing adoption of automation and digitization in the manufacturing sector, coupled with the growing demand for efficient production processes, is expected to drive the market's expansion. As companies across industries strive to enhance operational efficiency and reduce costs, the implementation of MOM software solutions is anticipated to gain significant traction in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20I2150