According to a new report, published by KBV research, The Global Overall Equipment Effectiveness Software Market size is expected to reach $141.5 billion by 2030, rising at a market growth of 11.2% CAGR during the forecast period.
The Software (Without Services) segment is leading the Global Overall Equipment Effectiveness Software Market by Offering in 2022; thereby, achieving a market value of $89.1 billion by 2030. This is a result of variables including the rising use of automation, enhanced analytics capabilities, scalability and adaptability, integration with other software systems, as well as the growing emphasis on enhancing productivity & efficiency.
The Food & Beverages segment is expected to witness a CAGR of 12.7% during (2023 - 2030). OEE helps to discover areas for enhancement and maximize overall productivity by providing information about the efficacy & efficiency of production equipment and processes in the F&B manufacturing industry. OEE is a potent indicator that F&B firms may use to evaluate and optimize equipment performance, boost production effectiveness, increase product quality, and motivate ongoing improvement programs.
The On-premises segment acquired the maximum revenue in the Global Overall Equipment Effectiveness Software Market by Deployment Mode in 2022; thereby, achieving a market value of $76.3 billion by 2030. Utilizing internal networks or internet access is not necessary with on-premises deployment. Without worrying about network stability or latency difficulties, manufacturers may access and use the OEE software locally within their facilities. As a result, there is continuous access to vital data and real-time monitoring, allowing for quick responses to problems with equipment performance.
The SCADA segment is registering a CAGR of 11% during (2023 - 2030). Integrating SCADA systems with OEE software or other performance management technologies can improve OEE analysis and reporting. OEE software can use the data gathered by SCADA to do historical performance analysis, advanced analytics, and long-term OEE improvement projects. The data collection, visualization, and monitoring capabilities offered by SCADA systems enable tracking equipment performance and inputting relevant data into OEE calculations.
The US market dominated the North America Overall Equipment Effectiveness Software Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $36.2 billion by 2030. The Canada market is poised to grow at a CAGR of 13.2% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 12.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/overall-equipment-effectiveness-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Rockwell Automation, Inc., Siemens AG, Schneider Electric SE, ABB Group, Emerson Electric Co., General Electric Company, Honeywell International, Inc., Infor, Inc. (Koch Industries), Sisense, Inc. and Evocon OÜ
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By Industry
By Deployment Mode
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Companies Profiled
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