The Manufacturing Operations Management Software Market is expected to register a CAGR of 9.8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Manufacturing Operations Management Software Market report covers analysis By Offering (Software, Services); Functionality (Inventory Management, Labor Management, Manufacturing Execution System (MES), Process and Production Intelligence, Quality Process Management, Others); and End-user (Automotive, Chemical, Pharmaceutical, Food and Beverages, Oil and Gas, Others). The market covers regional and global geographical analysis.
Purpose of the ReportThe report Manufacturing Operations Management Software Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Manufacturing Operations Management Software Market Segmentation
Offering- Software
- Services
- Inventory Management
- Labor Management
- Manufacturing Execution System
- Process and Production Intelligence
- Quality Process Management
- Others
- Automotive
- Chemical
- Pharmaceutical
- Food and Beverages
- Oil and Gas
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Manufacturing Operations Management Software Market Growth Drivers- Industry 4.0 Adoption: The future progress of the MOM software market is driven by a shift towards Industry 4.0 and the related adoption of smart manufacturing with integration into the most recently emerging technologies which comprise IoT, AI, and robotics. As more manufacturers are keen to adopt the latest technology which enables real-time data analytics and decision-making, they are in search of machines, systems, and processes that are easily integrable. MOM software enhances working through digital transformation, reducing downtime and improving the quality of the product. In this respect, investment in MOM software increases.
- Supply Chain Resilience: Manufacturers are now heavily investing in MOM software to improve visibility and control over the business processes beginning from production to inventory management. MOM software strengthens companies' ability to respond to issues in a supply chain effectively by enabling real-time tracking, accurate forecasting of demand, and optimal scheduling of production that leads to enhanced agile operations.
- Sustainable and compliant: Manufacturers are now being driven toward MOM software with the upsurge in regulatory pressure as well as an increasing interest in sustainability. Such solutions help track environmental impact, manage compliance with industry standards, and ensure practices are aligned to sustainability in their operations. The sustainability initiatives can be tracked better by manufacturers, and they can provide evidence of compliance under increasing pressures from stakeholders and consumers alike through the analytics and reporting features of MOM software.
- Cloud-Based MOM Solutions: Scalable and flexible software with on-demand access and real-time information will lead to further demand for cloud-based solutions among manufacturers. Teams accessing information anywhere, at any time, will be able to make informed decisions. This will also increase lean operation and reduce the cost of on-premises infrastructure as fewer people are needed to manage the network that comes with a cloud solution. However, this will drastically increase the demand for cloud-based MOM software as more manufacturers continue to grapple with digital transformation.
- Integration of Advanced Analytics: The next-generation MOM solution will be increasingly infused with advanced analytics and machine learning capabilities, which allow a manufacturer to analyze high volumes of operational data in order to gain insights for overall optimization and predictive maintenance of those same processes. Advanced analytics allow manufacturers to look for trends, predict equipment failure, and improve overall productivity, positioning them for competitive advantage in the marketplace.
- User Experience and Customization: User experience and customization will also be more in demand as competition in the MOM software market is going to increase. Manufacturers are shifting towards products that not only work but are also intuitive and user-friendly. The future will be towards offering MOM software functionalities with customizable dashboards, tailored workflows, and mobile accessibility to enable users to access and interact with the software in multiple ways that best suit their operational needs and preferences.
- Solution by Industry: There is tremendous scope for the development of domain-specific MOM solutions for the automobile, aeronautical, food and beverage, and pharmaceutical industries, among others. Familiarity with each industry's specifics and regulations will provide appropriate solutions developed to enhance productivity and efficiency, ensure compliance, and achieve streamlined operations.
- Partnerships with the IoT Solution Providers: Mom software companies can also use the services of IoT solution providers to offer a better, more refined set of solutions. Instead of developing in-house, manufacturers can add IoT integration capability in MOM solutions so they can collect real-time data from their machines and equipment to monitor these processes better, find issues with predictions, and optimize these things. Such engagements can lead to innovative solutions that can cater to a holistic view of operations for manufacturers.
- Training and Change Management: With the introduction of new MOM software by manufacturers, the training and change management service is in big demand. Thus, here software providers can make the most of this opportunity. They need to provide comprehensive training workshops and support in the form of adaptation and usage of solutions so that it is successfully adopted by customers. Investment in user education and support is what could ensure improved customer satisfaction and the creation of long-lasting relationships.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Manufacturing Operations Management Software Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Manufacturing Operations Management Software Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key companies in this market are: ABB Ltd, Anasoft, ATOMOS HYLA S.p.A., Dassault Syst, MasterControl, Inc., SAP, Seiki Systems, Siemens AG, SYSPRO
The Manufacturing operations management software market is expected to register a CAGR of 9.8% from 2023-2031.
Key future trends in this market are - Cloud-based MOM software for flexible manufacturing operations, predictive analytics for MOM optimization and productivity, user-friendly, customizable MOM software interfaces.
The primary growth factors of the Manufacturing operations management software market include - Increased Production Visibility, Higher Level of Automation, and Quality and Compliance Management.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Manufacturing Operations Management Software Market - By Offering
1.3.2 Manufacturing Operations Management Software Market - By Functionality
1.3.3 Manufacturing Operations Management Software Market - By End-user
1.3.4 Manufacturing Operations Management Software Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - OFFERING
7.1. OVERVIEW
7.2. OFFERING MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTIONALITY
8.1. OVERVIEW
8.2. FUNCTIONALITY MARKET FORECASTS AND ANALYSIS
8.3. INVENTORY MANAGEMENT
8.3.1. Overview
8.3.2. Inventory Management Market Forecast and Analysis
8.4. LABOR MANAGEMENT
8.4.1. Overview
8.4.2. Labor Management Market Forecast and Analysis
8.5. MANUFACTURING EXECUTION SYSTEM (MES)
8.5.1. Overview
8.5.2. Manufacturing Execution System (MES) Market Forecast and Analysis
8.6. PROCESS AND PRODUCTION INTELLIGENCE
8.6.1. Overview
8.6.2. Process and Production Intelligence Market Forecast and Analysis
8.7. QUALITY PROCESS MANAGEMENT
8.7.1. Overview
8.7.2. Quality Process Management Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. CHEMICAL
9.4.1. Overview
9.4.2. Chemical Market Forecast and Analysis
9.5. PHARMACEUTICAL
9.5.1. Overview
9.5.2. Pharmaceutical Market Forecast and Analysis
9.6. FOOD AND BEVERAGES
9.6.1. Overview
9.6.2. Food and Beverages Market Forecast and Analysis
9.7. OIL AND GAS
9.7.1. Overview
9.7.2. Oil and Gas Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Manufacturing Operations Management Software Market Overview
10.1.2 North America Manufacturing Operations Management Software Market Forecasts and Analysis
10.1.3 North America Manufacturing Operations Management Software Market Forecasts and Analysis - By Offering
10.1.4 North America Manufacturing Operations Management Software Market Forecasts and Analysis - By Functionality
10.1.5 North America Manufacturing Operations Management Software Market Forecasts and Analysis - By End-user
10.1.6 North America Manufacturing Operations Management Software Market Forecasts and Analysis - By Countries
10.1.6.1 United States Manufacturing Operations Management Software Market
10.1.6.1.1 United States Manufacturing Operations Management Software Market by Offering
10.1.6.1.2 United States Manufacturing Operations Management Software Market by Functionality
10.1.6.1.3 United States Manufacturing Operations Management Software Market by End-user
10.1.6.2 Canada Manufacturing Operations Management Software Market
10.1.6.2.1 Canada Manufacturing Operations Management Software Market by Offering
10.1.6.2.2 Canada Manufacturing Operations Management Software Market by Functionality
10.1.6.2.3 Canada Manufacturing Operations Management Software Market by End-user
10.1.6.3 Mexico Manufacturing Operations Management Software Market
10.1.6.3.1 Mexico Manufacturing Operations Management Software Market by Offering
10.1.6.3.2 Mexico Manufacturing Operations Management Software Market by Functionality
10.1.6.3.3 Mexico Manufacturing Operations Management Software Market by End-user
10.2. EUROPE
10.2.1 Europe Manufacturing Operations Management Software Market Overview
10.2.2 Europe Manufacturing Operations Management Software Market Forecasts and Analysis
10.2.3 Europe Manufacturing Operations Management Software Market Forecasts and Analysis - By Offering
10.2.4 Europe Manufacturing Operations Management Software Market Forecasts and Analysis - By Functionality
10.2.5 Europe Manufacturing Operations Management Software Market Forecasts and Analysis - By End-user
10.2.6 Europe Manufacturing Operations Management Software Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Manufacturing Operations Management Software Market
10.2.6.1.1 Germany Manufacturing Operations Management Software Market by Offering
10.2.6.1.2 Germany Manufacturing Operations Management Software Market by Functionality
10.2.6.1.3 Germany Manufacturing Operations Management Software Market by End-user
10.2.6.2 France Manufacturing Operations Management Software Market
10.2.6.2.1 France Manufacturing Operations Management Software Market by Offering
10.2.6.2.2 France Manufacturing Operations Management Software Market by Functionality
10.2.6.2.3 France Manufacturing Operations Management Software Market by End-user
10.2.6.3 Italy Manufacturing Operations Management Software Market
10.2.6.3.1 Italy Manufacturing Operations Management Software Market by Offering
10.2.6.3.2 Italy Manufacturing Operations Management Software Market by Functionality
10.2.6.3.3 Italy Manufacturing Operations Management Software Market by End-user
10.2.6.4 United Kingdom Manufacturing Operations Management Software Market
10.2.6.4.1 United Kingdom Manufacturing Operations Management Software Market by Offering
10.2.6.4.2 United Kingdom Manufacturing Operations Management Software Market by Functionality
10.2.6.4.3 United Kingdom Manufacturing Operations Management Software Market by End-user
10.2.6.5 Russia Manufacturing Operations Management Software Market
10.2.6.5.1 Russia Manufacturing Operations Management Software Market by Offering
10.2.6.5.2 Russia Manufacturing Operations Management Software Market by Functionality
10.2.6.5.3 Russia Manufacturing Operations Management Software Market by End-user
10.2.6.6 Rest of Europe Manufacturing Operations Management Software Market
10.2.6.6.1 Rest of Europe Manufacturing Operations Management Software Market by Offering
10.2.6.6.2 Rest of Europe Manufacturing Operations Management Software Market by Functionality
10.2.6.6.3 Rest of Europe Manufacturing Operations Management Software Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Manufacturing Operations Management Software Market Overview
10.3.2 Asia-Pacific Manufacturing Operations Management Software Market Forecasts and Analysis
10.3.3 Asia-Pacific Manufacturing Operations Management Software Market Forecasts and Analysis - By Offering
10.3.4 Asia-Pacific Manufacturing Operations Management Software Market Forecasts and Analysis - By Functionality
10.3.5 Asia-Pacific Manufacturing Operations Management Software Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Manufacturing Operations Management Software Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Manufacturing Operations Management Software Market
10.3.6.1.1 Australia Manufacturing Operations Management Software Market by Offering
10.3.6.1.2 Australia Manufacturing Operations Management Software Market by Functionality
10.3.6.1.3 Australia Manufacturing Operations Management Software Market by End-user
10.3.6.2 China Manufacturing Operations Management Software Market
10.3.6.2.1 China Manufacturing Operations Management Software Market by Offering
10.3.6.2.2 China Manufacturing Operations Management Software Market by Functionality
10.3.6.2.3 China Manufacturing Operations Management Software Market by End-user
10.3.6.3 India Manufacturing Operations Management Software Market
10.3.6.3.1 India Manufacturing Operations Management Software Market by Offering
10.3.6.3.2 India Manufacturing Operations Management Software Market by Functionality
10.3.6.3.3 India Manufacturing Operations Management Software Market by End-user
10.3.6.4 Japan Manufacturing Operations Management Software Market
10.3.6.4.1 Japan Manufacturing Operations Management Software Market by Offering
10.3.6.4.2 Japan Manufacturing Operations Management Software Market by Functionality
10.3.6.4.3 Japan Manufacturing Operations Management Software Market by End-user
10.3.6.5 South Korea Manufacturing Operations Management Software Market
10.3.6.5.1 South Korea Manufacturing Operations Management Software Market by Offering
10.3.6.5.2 South Korea Manufacturing Operations Management Software Market by Functionality
10.3.6.5.3 South Korea Manufacturing Operations Management Software Market by End-user
10.3.6.6 Rest of Asia-Pacific Manufacturing Operations Management Software Market
10.3.6.6.1 Rest of Asia-Pacific Manufacturing Operations Management Software Market by Offering
10.3.6.6.2 Rest of Asia-Pacific Manufacturing Operations Management Software Market by Functionality
10.3.6.6.3 Rest of Asia-Pacific Manufacturing Operations Management Software Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Manufacturing Operations Management Software Market Overview
10.4.2 Middle East and Africa Manufacturing Operations Management Software Market Forecasts and Analysis
10.4.3 Middle East and Africa Manufacturing Operations Management Software Market Forecasts and Analysis - By Offering
10.4.4 Middle East and Africa Manufacturing Operations Management Software Market Forecasts and Analysis - By Functionality
10.4.5 Middle East and Africa Manufacturing Operations Management Software Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Manufacturing Operations Management Software Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Manufacturing Operations Management Software Market
10.4.6.1.1 South Africa Manufacturing Operations Management Software Market by Offering
10.4.6.1.2 South Africa Manufacturing Operations Management Software Market by Functionality
10.4.6.1.3 South Africa Manufacturing Operations Management Software Market by End-user
10.4.6.2 Saudi Arabia Manufacturing Operations Management Software Market
10.4.6.2.1 Saudi Arabia Manufacturing Operations Management Software Market by Offering
10.4.6.2.2 Saudi Arabia Manufacturing Operations Management Software Market by Functionality
10.4.6.2.3 Saudi Arabia Manufacturing Operations Management Software Market by End-user
10.4.6.3 U.A.E Manufacturing Operations Management Software Market
10.4.6.3.1 U.A.E Manufacturing Operations Management Software Market by Offering
10.4.6.3.2 U.A.E Manufacturing Operations Management Software Market by Functionality
10.4.6.3.3 U.A.E Manufacturing Operations Management Software Market by End-user
10.4.6.4 Rest of Middle East and Africa Manufacturing Operations Management Software Market
10.4.6.4.1 Rest of Middle East and Africa Manufacturing Operations Management Software Market by Offering
10.4.6.4.2 Rest of Middle East and Africa Manufacturing Operations Management Software Market by Functionality
10.4.6.4.3 Rest of Middle East and Africa Manufacturing Operations Management Software Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Manufacturing Operations Management Software Market Overview
10.5.2 South and Central America Manufacturing Operations Management Software Market Forecasts and Analysis
10.5.3 South and Central America Manufacturing Operations Management Software Market Forecasts and Analysis - By Offering
10.5.4 South and Central America Manufacturing Operations Management Software Market Forecasts and Analysis - By Functionality
10.5.5 South and Central America Manufacturing Operations Management Software Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Manufacturing Operations Management Software Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Manufacturing Operations Management Software Market
10.5.6.1.1 Brazil Manufacturing Operations Management Software Market by Offering
10.5.6.1.2 Brazil Manufacturing Operations Management Software Market by Functionality
10.5.6.1.3 Brazil Manufacturing Operations Management Software Market by End-user
10.5.6.2 Argentina Manufacturing Operations Management Software Market
10.5.6.2.1 Argentina Manufacturing Operations Management Software Market by Offering
10.5.6.2.2 Argentina Manufacturing Operations Management Software Market by Functionality
10.5.6.2.3 Argentina Manufacturing Operations Management Software Market by End-user
10.5.6.3 Rest of South and Central America Manufacturing Operations Management Software Market
10.5.6.3.1 Rest of South and Central America Manufacturing Operations Management Software Market by Offering
10.5.6.3.2 Rest of South and Central America Manufacturing Operations Management Software Market by Functionality
10.5.6.3.3 Rest of South and Central America Manufacturing Operations Management Software Market by End-user
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MANUFACTURING OPERATIONS MANAGEMENT SOFTWARE MARKET, KEY COMPANY PROFILES
12.1. ABB LTD
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ANASOFT
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ATOMOS HYLA S.P.A.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DASSAULT SYST
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MASTERCONTROL, INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SAP
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SEIKI SYSTEMS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SIEMENS AG
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SYSPRO
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. YOKOGAWA
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ABB Ltd
2. Anasoft
3. ATOMOS HYLA S.p.A.
4. Dassault Syst
5. MasterControl, Inc.
6. SAP
7. Seiki Systems
8. Siemens AG
9. SYSPRO
10. Yokogawa
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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