Overall Equipment Effectiveness Software Market

Overall Equipment Effectiveness Software Market Size, Share, Growth Analysis, By Overall Equipment Effectiveness Software Methods:(Availability Calculation, Performance Calculation), By Offering:(Software, Services), By Deployment Mode:(On-premises, Cloud), By Type:(Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES)), By Industry(Aerospace & Defense, Automotive), By Region:(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG45E2218 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Overall Equipment Effectiveness Software Market Insights

Market Overview:

At a CAGR of 12.6%, the global market for overall equipment effectiveness software is predicted to increase in size from USD 67.5 billion in 2023 to USD 122.4 billion by 2028. The increasing efforts to expand the adoption of industrial automation solutions and the growing demand for improving efficiency and guaranteeing the best use of resources are the main factors propelling the growth of the equipment effectiveness software market.

Overall Equipment Effectiveness Software Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Overall Equipment Effectiveness Software Market is segmented by Overall Equipment Effectiveness Software Methods:, Offering:, Deployment Mode:, Type:, Industry, Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Overall Equipment Effectiveness Software Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Overall Equipment Effectiveness Software Methods: the market is segmented as, Availability Calculation, Performance Calculation, Quality Calculation, Real-Time Monitoring, Root Cause Analysis, Predictive Analytics
  • Based on Offering: the market is segmented as, Software, Services
  • Based on Deployment Mode: the market is segmented as, On-premises, Cloud
  • Based on Type: the market is segmented as, Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES), Cloud Enterprise Resource Planning (ERP), Predictive Maintenance, Data Historian
  • Based on Industry the market is segmented as, Aerospace & Defense, Automotive, Chemical, Food & Beverage, Healthcare, Metal & Mining, Oil & Gas, Power, Electronics & Semiconductor, Others
  • Based on Region: the market is segmented as, North America, Europe, Asia Pacific (APAC), Rest of the World (RoW), KEY MARKET PLAYERS, Siemens, Schneider Electric, ABB, Emerson Electric, Co., Rockwell Automation

Regional Analysis:

Overall Equipment Effectiveness Software Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Overall Equipment Effectiveness Software Market Attractiveness Analysis, By Region 2020-2028
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Overall Equipment Effectiveness Software Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Overall Equipment Effectiveness Software Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Overall Equipment Effectiveness Software Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Overall Equipment Effectiveness Software Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Overall Equipment Effectiveness Software Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • overall equipment effectiveness software market size is expected to grow from USD 67.5 billion in 2023 to USD 122.4 billion by 2028, at a CAGR of 12.6%. The increase in the use of ERP software for performing various functions within industries, the need for a connected supply chain and mass production to cater to the rising global population, and the rising adoption of IoT and AI across manufacturing industries globally are the major driving factors for the growth of the overall equipment effectiveness software market. Moreover, the rise in the integration of manufacturing execution systems with enterprise resource planning and product lifecycle management, as well as rapid developments in wireless sensor networks, are some factors that are also expected to drive the growth of the market in the near future.
  • DRIVER: Rising usage of ERP software for performing a variety of functions across industries
  • Organizations have adopted cloud ERP models to identify which model best aligns with their strategy, workloads, and security requirements, thus adopting the best cloud ERP solution. Some of the benefits of cloud ERP systems for organizations are such as avoiding the need to pay for all computer platforms, including hardware platforms and data server platforms, cutting IT services and support since the data center offers IT support, and replacing paying ahead for application software licensing.
  • RESTRAINT: High initial capital investments and growing maintenance and upgradation costs
  • The investment cost of OEE software includes consultation, acquisition, adjustment, implementation, and running costs, which subsequently increase a company’s expenditures.
  • Consultation cost: It includes the cost of consultations and discussions before implementing manufacturing execution systems. This stage also comprises the investigation and decision-making processes, specifying the updated requirements of an enterprise based on trial runs. Moreover, before using a manufacturing execution system, every company needs to investigate the benefits of the system individually. Therefore, organizations need to identify their requirements, which helps in making the right decision. This can be best ensured by consultation.
  • Acquisition cost: This includes all the costs that arise at the beginning of a project and are associated with the actual purchase of the system. It comprises hardware, system software, application software, and installation costs.
  • OPPORTUNITY: Rising integration of MES with PLM and ERP solutions
  • Manufacturing execution systems perform various functions, such as managing products and resources, scheduling, dispatching, collecting data, analyzing performance, and auditing data. For the smooth functioning of these processes and effective results, manufacturing execution systems are integrated with various solutions, such as ERP, supply chain management (SCM), warehouse management system (WMS), decision support system (DSS), business intelligence, e-commerce. For example, the integration of manufacturing execution systems with WMS enables the maintenance of orders that come into the warehouse. To feed the data in the system accurately and promptly, an order management system within the MES solution is used.
  • CHALLENGE: Growing concerns regarding integration issues of certain OEE software with legacy systems
  • System complexities and implementation costs are still the major challenges organizations face while integrating these solutions with their existing systems. Due to the lack of resources, only some organizations still rely on existing systems that use old technologies, where manual processes lead to a high error rate and long turnaround time. Moreover, because legacy systems underuse are mostly on-premises, integrating these systems with new cloud-based systems might challenge adopting digital process automation solutions and services.
  • Overall Equipment Effectiveness Software Ecosystem
  • Prominent companies in this market include well-established, financially stable developers and providers of overall equipment effectiveness software. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric, Co. (US), and Rockwell Automation (US).
  • Software segment to hold the largest share of the market in 2022
  • The software segment holds the largest market share in 2022 due to factors such as increasing adoption of automation, advanced analytics capabilities, integration with other software systems, scalability and flexibility, and the growing focus on productivity and efficiency improvement. These software solutions play a crucial role in monitoring and optimizing equipment performance in automated processes, providing real-time data, performance metrics, and analytics dashboards. The ability to analyze and optimize equipment performance, along with their compatibility with other enterprise systems, makes OEE software highly sought after by industries looking to improve operational efficiency and remain competitive in the market.
  • On-premises segment to dominate the overall equipment effectiveness software market in 2022
  • In 2022, the on-premises segment held the largest equipment effectiveness software market share. On-premises deployment eliminates the reliance on external networks or internet connectivity. Manufacturers can access and utilize the OEE software locally within their facilities without concerns about network stability or latency issues. This ensures uninterrupted access to critical information and real-time monitoring, enabling prompt decision-making and response to equipment performance issues. The widespread adoption of on-premises deployment in OEE software is because it provides organizations with control, customization, security, compliance, and compatibility with existing infrastructure, addressing their specific needs and preferences.
  • Predictive maintenance is estimated to hold the highest CAGR during the forecast period
  • The core function of predictive maintenance is to precisely predict asset failure, thereby enabling enterprises to take the asset out of production just before it fails and ensure production is not hampered due to the asset’s failure. Predictive maintenance is estimated to hold the highest CAGR during the forecast period as organizations increasingly recognize the value of proactive equipment maintenance to enhance overall equipment effectiveness. Predictive maintenance OEE software utilizes advanced analytics, machine learning, and sensor data to predict and prevent equipment failures, reducing unplanned downtime and optimizing production efficiency.
  • Healthcare to be the largest growing industry during the forecast period
  • The healthcare industry is expected to hold significant growth in the overall equipment effectiveness software market during the forecast period owing to the increasing focus on operational efficiency and cost optimization to meet the growing demand for healthcare services while maintaining high-quality patient care. OEE software helps track and analyze the utilization of medical equipment such as diagnostic machines, surgical tools, imaging devices, and patient monitoring systems. By collecting real-time data on equipment usage and downtime, healthcare providers can identify inefficiencies, optimize scheduling, and ensure that equipment is available when needed, thereby maximizing its utilization.
  • Asia Pacific region is likely to hold the largest growth rate by 2028
  • The Asia Pacific region is experiencing rapid industrial automation adoption. Companies are implementing advanced technologies such as robotics, IoT (Internet of Things), and AI (Artificial Intelligence) to streamline their manufacturing operations. These technologies enable businesses to automate production, improve efficiency, and optimize equipment utilization. OEE software plays a crucial role in this automation journey by providing real-time monitoring, performance analysis, and predictive maintenance capabilities to maximize equipment efficiency. The major factor driving the growth of the overall equipment effectiveness software market in APAC is the increasing focus of manufacturers toward industrial automation and smart manufacturing.
  • Recent Developments
  • In June 2022, Siemens acquired Senseye, a leading global provider of AI-powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand its predictive maintenance and asset intelligence portfolio.
  • In May 2022, Schneider announced version 22.0 of EcoStruxure Automation Expert to provide end-to-end digital continuity through close integration with AVEVA applications. EcoStruxure can connect to AVEVA Engineering to import plant design data for automated bulk systems.
  • In April 2022, ABB signed a partnership agreement with Samsung Electronics to innovate holistic energy management solutions to drive the growth of smart building technology. The development is aimed at enabling ABB to expand customer access to home automation technologies and device management solutions.
  • KEY MARKET SEGMENTS
  • By Overall Equipment Effectiveness Software Methods:
  • Availability Calculation
  • Performance Calculation
  • Quality Calculation
  • Real-Time Monitoring
  • Root Cause Analysis
  • Predictive Analytics
  • By Offering:
  • Software
  • Services
  • By Deployment Mode:
  • On-premises
  • Cloud
  • By Type:
  • Supervisory Control And Data Acquisition (SCADA)
  • Manufacturing Execution System (MES)
  • Cloud Enterprise Resource Planning (ERP)
  • Predictive Maintenance
  • Data Historian
  • By Industry
  • Aerospace & Defense
  • Automotive
  • Chemical
  • Food & Beverage
  • Healthcare
  • Metal & Mining
  • Oil & Gas
  • Power
  • Electronics & Semiconductor
  • Others
  • By Region:
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)
  • KEY MARKET PLAYERS
  • Siemens
  • Schneider Electric
  • ABB
  • Emerson Electric, Co.
  • Rockwell Automation

SkyQuest's Expertise:

The Overall Equipment Effectiveness Software Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Overall Equipment Effectiveness Software Methods: - Availability Calculation, Performance Calculation, Quality Calculation, Real-Time Monitoring, Root Cause Analysis, Predictive Analytics
  • By Offering: - Software, Services
  • By Deployment Mode: - On-premises, Cloud
  • By Type: - Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES), Cloud Enterprise Resource Planning (ERP), Predictive Maintenance, Data Historian
  • By Industry - Aerospace & Defense, Automotive, Chemical, Food & Beverage, Healthcare, Metal & Mining, Oil & Gas, Power, Electronics & Semiconductor, Others
  • By Region: - North America, Europe, Asia Pacific (APAC), Rest of the World (RoW), KEY MARKET PLAYERS, Siemens, Schneider Electric, ABB, Emerson Electric, Co., Rockwell Automation
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • overall equipment effectiveness software market size is expected to grow from USD 67.5 billion in 2023 to USD 122.4 billion by 2028, at a CAGR of 12.6%. The increase in the use of ERP software for performing various functions within industries, the need for a connected supply chain and mass production to cater to the rising global population, and the rising adoption of IoT and AI across manufacturing industries globally are the major driving factors for the growth of the overall equipment effectiveness software market. Moreover, the rise in the integration of manufacturing execution systems with enterprise resource planning and product lifecycle management, as well as rapid developments in wireless sensor networks, are some factors that are also expected to drive the growth of the market in the near future.
  • DRIVER: Rising usage of ERP software for performing a variety of functions across industries
  • Organizations have adopted cloud ERP models to identify which model best aligns with their strategy, workloads, and security requirements, thus adopting the best cloud ERP solution. Some of the benefits of cloud ERP systems for organizations are such as avoiding the need to pay for all computer platforms, including hardware platforms and data server platforms, cutting IT services and support since the data center offers IT support, and replacing paying ahead for application software licensing.
  • RESTRAINT: High initial capital investments and growing maintenance and upgradation costs
  • The investment cost of OEE software includes consultation, acquisition, adjustment, implementation, and running costs, which subsequently increase a company’s expenditures.
  • Consultation cost: It includes the cost of consultations and discussions before implementing manufacturing execution systems. This stage also comprises the investigation and decision-making processes, specifying the updated requirements of an enterprise based on trial runs. Moreover, before using a manufacturing execution system, every company needs to investigate the benefits of the system individually. Therefore, organizations need to identify their requirements, which helps in making the right decision. This can be best ensured by consultation.
  • Acquisition cost: This includes all the costs that arise at the beginning of a project and are associated with the actual purchase of the system. It comprises hardware, system software, application software, and installation costs.
  • OPPORTUNITY: Rising integration of MES with PLM and ERP solutions
  • Manufacturing execution systems perform various functions, such as managing products and resources, scheduling, dispatching, collecting data, analyzing performance, and auditing data. For the smooth functioning of these processes and effective results, manufacturing execution systems are integrated with various solutions, such as ERP, supply chain management (SCM), warehouse management system (WMS), decision support system (DSS), business intelligence, e-commerce. For example, the integration of manufacturing execution systems with WMS enables the maintenance of orders that come into the warehouse. To feed the data in the system accurately and promptly, an order management system within the MES solution is used.
  • CHALLENGE: Growing concerns regarding integration issues of certain OEE software with legacy systems
  • System complexities and implementation costs are still the major challenges organizations face while integrating these solutions with their existing systems. Due to the lack of resources, only some organizations still rely on existing systems that use old technologies, where manual processes lead to a high error rate and long turnaround time. Moreover, because legacy systems underuse are mostly on-premises, integrating these systems with new cloud-based systems might challenge adopting digital process automation solutions and services.
  • Overall Equipment Effectiveness Software Ecosystem
  • Prominent companies in this market include well-established, financially stable developers and providers of overall equipment effectiveness software. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric, Co. (US), and Rockwell Automation (US).
  • Software segment to hold the largest share of the market in 2022
  • The software segment holds the largest market share in 2022 due to factors such as increasing adoption of automation, advanced analytics capabilities, integration with other software systems, scalability and flexibility, and the growing focus on productivity and efficiency improvement. These software solutions play a crucial role in monitoring and optimizing equipment performance in automated processes, providing real-time data, performance metrics, and analytics dashboards. The ability to analyze and optimize equipment performance, along with their compatibility with other enterprise systems, makes OEE software highly sought after by industries looking to improve operational efficiency and remain competitive in the market.
  • On-premises segment to dominate the overall equipment effectiveness software market in 2022
  • In 2022, the on-premises segment held the largest equipment effectiveness software market share. On-premises deployment eliminates the reliance on external networks or internet connectivity. Manufacturers can access and utilize the OEE software locally within their facilities without concerns about network stability or latency issues. This ensures uninterrupted access to critical information and real-time monitoring, enabling prompt decision-making and response to equipment performance issues. The widespread adoption of on-premises deployment in OEE software is because it provides organizations with control, customization, security, compliance, and compatibility with existing infrastructure, addressing their specific needs and preferences.
  • Predictive maintenance is estimated to hold the highest CAGR during the forecast period
  • The core function of predictive maintenance is to precisely predict asset failure, thereby enabling enterprises to take the asset out of production just before it fails and ensure production is not hampered due to the asset’s failure. Predictive maintenance is estimated to hold the highest CAGR during the forecast period as organizations increasingly recognize the value of proactive equipment maintenance to enhance overall equipment effectiveness. Predictive maintenance OEE software utilizes advanced analytics, machine learning, and sensor data to predict and prevent equipment failures, reducing unplanned downtime and optimizing production efficiency.
  • Healthcare to be the largest growing industry during the forecast period
  • The healthcare industry is expected to hold significant growth in the overall equipment effectiveness software market during the forecast period owing to the increasing focus on operational efficiency and cost optimization to meet the growing demand for healthcare services while maintaining high-quality patient care. OEE software helps track and analyze the utilization of medical equipment such as diagnostic machines, surgical tools, imaging devices, and patient monitoring systems. By collecting real-time data on equipment usage and downtime, healthcare providers can identify inefficiencies, optimize scheduling, and ensure that equipment is available when needed, thereby maximizing its utilization.
  • Asia Pacific region is likely to hold the largest growth rate by 2028
  • The Asia Pacific region is experiencing rapid industrial automation adoption. Companies are implementing advanced technologies such as robotics, IoT (Internet of Things), and AI (Artificial Intelligence) to streamline their manufacturing operations. These technologies enable businesses to automate production, improve efficiency, and optimize equipment utilization. OEE software plays a crucial role in this automation journey by providing real-time monitoring, performance analysis, and predictive maintenance capabilities to maximize equipment efficiency. The major factor driving the growth of the overall equipment effectiveness software market in APAC is the increasing focus of manufacturers toward industrial automation and smart manufacturing.
  • Recent Developments
  • In June 2022, Siemens acquired Senseye, a leading global provider of AI-powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand its predictive maintenance and asset intelligence portfolio.
  • In May 2022, Schneider announced version 22.0 of EcoStruxure Automation Expert to provide end-to-end digital continuity through close integration with AVEVA applications. EcoStruxure can connect to AVEVA Engineering to import plant design data for automated bulk systems.
  • In April 2022, ABB signed a partnership agreement with Samsung Electronics to innovate holistic energy management solutions to drive the growth of smart building technology. The development is aimed at enabling ABB to expand customer access to home automation technologies and device management solutions.
  • KEY MARKET SEGMENTS
  • By Overall Equipment Effectiveness Software Methods:
  • Availability Calculation
  • Performance Calculation
  • Quality Calculation
  • Real-Time Monitoring
  • Root Cause Analysis
  • Predictive Analytics
  • By Offering:
  • Software
  • Services
  • By Deployment Mode:
  • On-premises
  • Cloud
  • By Type:
  • Supervisory Control And Data Acquisition (SCADA)
  • Manufacturing Execution System (MES)
  • Cloud Enterprise Resource Planning (ERP)
  • Predictive Maintenance
  • Data Historian
  • By Industry
  • Aerospace & Defense
  • Automotive
  • Chemical
  • Food & Beverage
  • Healthcare
  • Metal & Mining
  • Oil & Gas
  • Power
  • Electronics & Semiconductor
  • Others
  • By Region:
  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)
  • KEY MARKET PLAYERS
  • Siemens
  • Schneider Electric
  • ABB
  • Emerson Electric, Co.
  • Rockwell Automation
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Overall Equipment Effectiveness Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Overall Equipment Effectiveness Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • overall equipment effectiveness software market size is expected to grow from USD 67.5 billion in 2023 to USD 122.4 billion by 2028, at a CAGR of 12.6%. The increase in the use of ERP software for performing various functions within industries, the need for a connected supply chain and mass production to cater to the rising global population, and the rising adoption of IoT and AI across manufacturing industries globally are the major driving factors for the growth of the overall equipment effectiveness software market. Moreover, the rise in the integration of manufacturing execution systems with enterprise resource planning and product lifecycle management, as well as rapid developments in wireless sensor networks, are some factors that are also expected to drive the growth of the market in the near future.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • DRIVER: Rising usage of ERP software for performing a variety of functions across industries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Organizations have adopted cloud ERP models to identify which model best aligns with their strategy, workloads, and security requirements, thus adopting the best cloud ERP solution. Some of the benefits of cloud ERP systems for organizations are such as avoiding the need to pay for all computer platforms, including hardware platforms and data server platforms, cutting IT services and support since the data center offers IT support, and replacing paying ahead for application software licensing.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • RESTRAINT: High initial capital investments and growing maintenance and upgradation costs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The investment cost of OEE software includes consultation, acquisition, adjustment, implementation, and running costs, which subsequently increase a company’s expenditures.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Consultation cost: It includes the cost of consultations and discussions before implementing manufacturing execution systems. This stage also comprises the investigation and decision-making processes, specifying the updated requirements of an enterprise based on trial runs. Moreover, before using a manufacturing execution system, every company needs to investigate the benefits of the system individually. Therefore, organizations need to identify their requirements, which helps in making the right decision. This can be best ensured by consultation.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Acquisition cost: This includes all the costs that arise at the beginning of a project and are associated with the actual purchase of the system. It comprises hardware, system software, application software, and installation costs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • OPPORTUNITY: Rising integration of MES with PLM and ERP solutions
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing execution systems perform various functions, such as managing products and resources, scheduling, dispatching, collecting data, analyzing performance, and auditing data. For the smooth functioning of these processes and effective results, manufacturing execution systems are integrated with various solutions, such as ERP, supply chain management (SCM), warehouse management system (WMS), decision support system (DSS), business intelligence, e-commerce. For example, the integration of manufacturing execution systems with WMS enables the maintenance of orders that come into the warehouse. To feed the data in the system accurately and promptly, an order management system within the MES solution is used.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CHALLENGE: Growing concerns regarding integration issues of certain OEE software with legacy systems
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • System complexities and implementation costs are still the major challenges organizations face while integrating these solutions with their existing systems. Due to the lack of resources, only some organizations still rely on existing systems that use old technologies, where manual processes lead to a high error rate and long turnaround time. Moreover, because legacy systems underuse are mostly on-premises, integrating these systems with new cloud-based systems might challenge adopting digital process automation solutions and services.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Overall Equipment Effectiveness Software Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Prominent companies in this market include well-established, financially stable developers and providers of overall equipment effectiveness software. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric, Co. (US), and Rockwell Automation (US).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Software segment to hold the largest share of the market in 2022
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The software segment holds the largest market share in 2022 due to factors such as increasing adoption of automation, advanced analytics capabilities, integration with other software systems, scalability and flexibility, and the growing focus on productivity and efficiency improvement. These software solutions play a crucial role in monitoring and optimizing equipment performance in automated processes, providing real-time data, performance metrics, and analytics dashboards. The ability to analyze and optimize equipment performance, along with their compatibility with other enterprise systems, makes OEE software highly sought after by industries looking to improve operational efficiency and remain competitive in the market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • On-premises segment to dominate the overall equipment effectiveness software market in 2022
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In 2022, the on-premises segment held the largest equipment effectiveness software market share. On-premises deployment eliminates the reliance on external networks or internet connectivity. Manufacturers can access and utilize the OEE software locally within their facilities without concerns about network stability or latency issues. This ensures uninterrupted access to critical information and real-time monitoring, enabling prompt decision-making and response to equipment performance issues. The widespread adoption of on-premises deployment in OEE software is because it provides organizations with control, customization, security, compliance, and compatibility with existing infrastructure, addressing their specific needs and preferences.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Predictive maintenance is estimated to hold the highest CAGR during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The core function of predictive maintenance is to precisely predict asset failure, thereby enabling enterprises to take the asset out of production just before it fails and ensure production is not hampered due to the asset’s failure. Predictive maintenance is estimated to hold the highest CAGR during the forecast period as organizations increasingly recognize the value of proactive equipment maintenance to enhance overall equipment effectiveness. Predictive maintenance OEE software utilizes advanced analytics, machine learning, and sensor data to predict and prevent equipment failures, reducing unplanned downtime and optimizing production efficiency.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare to be the largest growing industry during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The healthcare industry is expected to hold significant growth in the overall equipment effectiveness software market during the forecast period owing to the increasing focus on operational efficiency and cost optimization to meet the growing demand for healthcare services while maintaining high-quality patient care. OEE software helps track and analyze the utilization of medical equipment such as diagnostic machines, surgical tools, imaging devices, and patient monitoring systems. By collecting real-time data on equipment usage and downtime, healthcare providers can identify inefficiencies, optimize scheduling, and ensure that equipment is available when needed, thereby maximizing its utilization.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific region is likely to hold the largest growth rate by 2028
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Asia Pacific region is experiencing rapid industrial automation adoption. Companies are implementing advanced technologies such as robotics, IoT (Internet of Things), and AI (Artificial Intelligence) to streamline their manufacturing operations. These technologies enable businesses to automate production, improve efficiency, and optimize equipment utilization. OEE software plays a crucial role in this automation journey by providing real-time monitoring, performance analysis, and predictive maintenance capabilities to maximize equipment efficiency. The major factor driving the growth of the overall equipment effectiveness software market in APAC is the increasing focus of manufacturers toward industrial automation and smart manufacturing.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In June 2022, Siemens acquired Senseye, a leading global provider of AI-powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand its predictive maintenance and asset intelligence portfolio.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2022, Schneider announced version 22.0 of EcoStruxure Automation Expert to provide end-to-end digital continuity through close integration with AVEVA applications. EcoStruxure can connect to AVEVA Engineering to import plant design data for automated bulk systems.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In April 2022, ABB signed a partnership agreement with Samsung Electronics to innovate holistic energy management solutions to drive the growth of smart building technology. The development is aimed at enabling ABB to expand customer access to home automation technologies and device management solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Overall Equipment Effectiveness Software Methods:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Availability Calculation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Performance Calculation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Quality Calculation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Real-Time Monitoring
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Root Cause Analysis
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Predictive Analytics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Offering:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Software
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Deployment Mode:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • On-premises
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cloud
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Type:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Supervisory Control And Data Acquisition (SCADA)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing Execution System (MES)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cloud Enterprise Resource Planning (ERP)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Predictive Maintenance
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Data Historian
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Industry
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Aerospace & Defense
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Automotive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Chemical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Food & Beverage
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Metal & Mining
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Oil & Gas
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Power
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Electronics & Semiconductor
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific (APAC)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the World (RoW)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Siemens
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Schneider Electric
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ABB
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Emerson Electric, Co.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rockwell Automation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Overall Equipment Effectiveness Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Overall Equipment Effectiveness Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Overall Equipment Effectiveness Software Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Overall Equipment Effectiveness Software Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Overall Equipment Effectiveness Software was estimated to be valued at US$ XX Mn in 2021.

The global Overall Equipment Effectiveness Software Market is estimated to grow at a CAGR of XX% by 2028.

The global Overall Equipment Effectiveness Software Market is segmented on the basis of Overall Equipment Effectiveness Software Methods:, Offering:, Deployment Mode:, Type:, Industry, Region:.

Based on region, the global Overall Equipment Effectiveness Software Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Overall Equipment Effectiveness Software Market are overall equipment effectiveness software market size is expected to grow from USD 67.5 billion in 2023 to USD 122.4 billion by 2028, at a CAGR of 12.6%. The increase in the use of ERP software for performing various functions within industries, the need for a connected supply chain and mass production to cater to the rising global population, and the rising adoption of IoT and AI across manufacturing industries globally are the major driving factors for the growth of the overall equipment effectiveness software market. Moreover, the rise in the integration of manufacturing execution systems with enterprise resource planning and product lifecycle management, as well as rapid developments in wireless sensor networks, are some factors that are also expected to drive the growth of the market in the near future. , DRIVER: Rising usage of ERP software for performing a variety of functions across industries , Organizations have adopted cloud ERP models to identify which model best aligns with their strategy, workloads, and security requirements, thus adopting the best cloud ERP solution. Some of the benefits of cloud ERP systems for organizations are such as avoiding the need to pay for all computer platforms, including hardware platforms and data server platforms, cutting IT services and support since the data center offers IT support, and replacing paying ahead for application software licensing. , RESTRAINT: High initial capital investments and growing maintenance and upgradation costs , The investment cost of OEE software includes consultation, acquisition, adjustment, implementation, and running costs, which subsequently increase a company’s expenditures. , Consultation cost: It includes the cost of consultations and discussions before implementing manufacturing execution systems. This stage also comprises the investigation and decision-making processes, specifying the updated requirements of an enterprise based on trial runs. Moreover, before using a manufacturing execution system, every company needs to investigate the benefits of the system individually. Therefore, organizations need to identify their requirements, which helps in making the right decision. This can be best ensured by consultation. , Acquisition cost: This includes all the costs that arise at the beginning of a project and are associated with the actual purchase of the system. It comprises hardware, system software, application software, and installation costs. , OPPORTUNITY: Rising integration of MES with PLM and ERP solutions , Manufacturing execution systems perform various functions, such as managing products and resources, scheduling, dispatching, collecting data, analyzing performance, and auditing data. For the smooth functioning of these processes and effective results, manufacturing execution systems are integrated with various solutions, such as ERP, supply chain management (SCM), warehouse management system (WMS), decision support system (DSS), business intelligence, e-commerce. For example, the integration of manufacturing execution systems with WMS enables the maintenance of orders that come into the warehouse. To feed the data in the system accurately and promptly, an order management system within the MES solution is used. , CHALLENGE: Growing concerns regarding integration issues of certain OEE software with legacy systems , System complexities and implementation costs are still the major challenges organizations face while integrating these solutions with their existing systems. Due to the lack of resources, only some organizations still rely on existing systems that use old technologies, where manual processes lead to a high error rate and long turnaround time. Moreover, because legacy systems underuse are mostly on-premises, integrating these systems with new cloud-based systems might challenge adopting digital process automation solutions and services. , Overall Equipment Effectiveness Software Ecosystem , Prominent companies in this market include well-established, financially stable developers and providers of overall equipment effectiveness software. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include Siemens (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric, Co. (US), and Rockwell Automation (US). , Software segment to hold the largest share of the market in 2022 , The software segment holds the largest market share in 2022 due to factors such as increasing adoption of automation, advanced analytics capabilities, integration with other software systems, scalability and flexibility, and the growing focus on productivity and efficiency improvement. These software solutions play a crucial role in monitoring and optimizing equipment performance in automated processes, providing real-time data, performance metrics, and analytics dashboards. The ability to analyze and optimize equipment performance, along with their compatibility with other enterprise systems, makes OEE software highly sought after by industries looking to improve operational efficiency and remain competitive in the market. , On-premises segment to dominate the overall equipment effectiveness software market in 2022 , In 2022, the on-premises segment held the largest equipment effectiveness software market share. On-premises deployment eliminates the reliance on external networks or internet connectivity. Manufacturers can access and utilize the OEE software locally within their facilities without concerns about network stability or latency issues. This ensures uninterrupted access to critical information and real-time monitoring, enabling prompt decision-making and response to equipment performance issues. The widespread adoption of on-premises deployment in OEE software is because it provides organizations with control, customization, security, compliance, and compatibility with existing infrastructure, addressing their specific needs and preferences. , Predictive maintenance is estimated to hold the highest CAGR during the forecast period , The core function of predictive maintenance is to precisely predict asset failure, thereby enabling enterprises to take the asset out of production just before it fails and ensure production is not hampered due to the asset’s failure. Predictive maintenance is estimated to hold the highest CAGR during the forecast period as organizations increasingly recognize the value of proactive equipment maintenance to enhance overall equipment effectiveness. Predictive maintenance OEE software utilizes advanced analytics, machine learning, and sensor data to predict and prevent equipment failures, reducing unplanned downtime and optimizing production efficiency. , Healthcare to be the largest growing industry during the forecast period , The healthcare industry is expected to hold significant growth in the overall equipment effectiveness software market during the forecast period owing to the increasing focus on operational efficiency and cost optimization to meet the growing demand for healthcare services while maintaining high-quality patient care. OEE software helps track and analyze the utilization of medical equipment such as diagnostic machines, surgical tools, imaging devices, and patient monitoring systems. By collecting real-time data on equipment usage and downtime, healthcare providers can identify inefficiencies, optimize scheduling, and ensure that equipment is available when needed, thereby maximizing its utilization. , Asia Pacific region is likely to hold the largest growth rate by 2028 , The Asia Pacific region is experiencing rapid industrial automation adoption. Companies are implementing advanced technologies such as robotics, IoT (Internet of Things), and AI (Artificial Intelligence) to streamline their manufacturing operations. These technologies enable businesses to automate production, improve efficiency, and optimize equipment utilization. OEE software plays a crucial role in this automation journey by providing real-time monitoring, performance analysis, and predictive maintenance capabilities to maximize equipment efficiency. The major factor driving the growth of the overall equipment effectiveness software market in APAC is the increasing focus of manufacturers toward industrial automation and smart manufacturing. , Recent Developments , In June 2022, Siemens acquired Senseye, a leading global provider of AI-powered solutions for industrial machine performance and reliability. This acquisition will enable Siemens to expand its predictive maintenance and asset intelligence portfolio. , In May 2022, Schneider announced version 22.0 of EcoStruxure Automation Expert to provide end-to-end digital continuity through close integration with AVEVA applications. EcoStruxure can connect to AVEVA Engineering to import plant design data for automated bulk systems. , In April 2022, ABB signed a partnership agreement with Samsung Electronics to innovate holistic energy management solutions to drive the growth of smart building technology. The development is aimed at enabling ABB to expand customer access to home automation technologies and device management solutions. , KEY MARKET SEGMENTS , By Overall Equipment Effectiveness Software Methods: , Availability Calculation , Performance Calculation , Quality Calculation , Real-Time Monitoring , Root Cause Analysis , Predictive Analytics , By Offering: , Software , Services , By Deployment Mode: , On-premises , Cloud , By Type: , Supervisory Control And Data Acquisition (SCADA) , Manufacturing Execution System (MES) , Cloud Enterprise Resource Planning (ERP) , Predictive Maintenance , Data Historian , By Industry , Aerospace & Defense , Automotive , Chemical , Food & Beverage , Healthcare , Metal & Mining , Oil & Gas , Power , Electronics & Semiconductor , Others , By Region: , North America , Europe , Asia Pacific (APAC) , Rest of the World (RoW), KEY MARKET PLAYERS , Siemens , Schneider Electric , ABB , Emerson Electric, Co. , Rockwell Automation.

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