The Latin America, Middle East and Africa Manufacturing Operations Management Software Market would witness market growth of 12.5% CAGR during the forecast period (2019-2025). Manufacturing operations management (MOM) software works on various systems that are used for controlling end-to-end manufacturing processes. The primary objective of the software is to maximize the efficiency of manufacturing operations. Thus the demand forecast for MOM applications is driven by major factors such as increased robotic process automation (RPA) implementation.
The popularity of industrial analytics with the advent of industrial IoT has increased its acceptance in the manufacturing sector and this trend is expected to continue in the years ahead. Furthermore, the emergence of Industrial 4.0 in manufacturing has progressed from manually operated systems to automated and autonomous networks. This has propagated the growth of smart products and smart supply chains, which is encouraging the manufacturing industry to attain high-performance, intelligent, and resource-efficient predictive setups. This has greatly influenced the correspondence of various R&D activities meant for industries that thrive to improve their operational processes for higher business opportunities.
Empowering skilled workers with improved technology capability to assess their long-established knowledge and experience is a major area of opportunity that brings great benefits to manufacturing productivity and performance. Software that improves operational efficiency, helps industries organize work processes, and manages huge volumes of data into actionable statistics is expected to gain high adoption, according to the key executives of top companies. The adoption of manufacturing operations management software is expected to speed up with their application in various use cases.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Manufacturing Operations Management Software Market in LAMEA is expected to register a CAGR of 12.5% 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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