-- 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.
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Manufacturing Operations Management (MOM) Software market size will grow from XX Million USD in 2018 to XX Million USD by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2019 to 2024.
By Key Major Leading Market Players:
ABB Ltd., Aegis Software, AspenTech, Camstar, Critical Manufacturing, Dassault Systèmes, Emerson Process Management, Epicor, General Electric Company (GE Intelligent Platforms), Honeywell International, Inc. (Honeywell Process Solutions), iBASEt, Invensys plc
By Component
Software, 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.),
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