Global Manufacturing Operations Management (MOM) Software Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 6 September 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Manufacturing Operations Management Software market industry is poised to raise USD XXX billion by 2025. Strict environmental regulations, tighter production specifications, strict process safety standards, and Rising economic pressures are the main factors driving the growth in the Global Manufacturing Operations Management Software Market.
Manufacturing operations management or MOM is a type of software that enables full visibility in manufacturing processes in order to steadily improve the performance of the processes in the manufacturing operations. The MOM set rules and policies which are required to sustain production value and controls the operations accordingly. The manufacturing operations management software provides various industrial applications which include real-time databases, operational historians, batch management, quality management, asset management, scheduling and planning and more. The MOM maintains the quality of the product by ensuing defined operation processes, job procedures and by using the proper material for achieving specifications. The software also improves the quality of products by minimizing variations, reducing waste and improving yield. These aspects are also anticipated to drive the growth in the global manufacturing operations management software for the forecast period. The manufacturing operations management software is being used in various small and large industries which include Electronics, Pharmaceuticals, Automobiles, Food and Beverages and many more.
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Global Manufacturing Operations Management Software Market Size study, by Application (Automobiles, Electronics, Pharmaceuticals, Food and Beverages, Others), by Type (Small Enterprises, Medium Enterprises, Large Enterprises) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Siemens, Wonderware, ABB, Apriso, Lighthouse, Rockwell, iBASEt, Plex, Qubes, Apriso and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Food and Beverages
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- North America
- Asia Pacific
- Latin America
- Rest of the World