April 4, 2020

Manufacturing Operation Management Software Market: European Union announced an investment of around USD 100 million to fund IoT pilots

According to a new market research report published by Credence Research, the market for manufacturing operations management software is set to grow by 9.3 per cent during the forecast period.

The manufacturing operations management software market is driven by government support initiatives around the globe to support the adoption of the Automation and Industry 4.0 revolution throughout the manufacturing sector. For example, Germany’s government has announced its smart factory concept to drive the adoption of advanced technologies across the industry. Recently, in 2019, the Government of India also announced its Udyog Bharat 4.0 initiative to drive digitalisation across the manufacturing sector. This is acting as a key driver for the demand for manufacturing operation management software.

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The manufacturing operations management software market is driven by government support initiatives across the world to support the adoption of the Automation and Industry 4.0 revolution across the manufacturing sector. For example, the German Government has announced its smart factory concept to drive the adoption of advanced technologies across the industry. Recently, in 2019, the Government of India also announced its Udyog Bharat 4.0 initiative to drive digitization across the manufacturing sector. This is acting as a key driver of demand for software for the management of manufacturing operations.

The European Manufacturing Operations Management Software market is estimated to grow considerably during the forecast period. The market is driven by the growing adoption of the 4.0 revolution of the industry in the region. Industry 4.0 Revolution in the region is being promoted by the government across the region to accelerate the digitisation of industries. Governments are investing heavily in driving the digitization of market players. For example, in 2017, the European Union announced an investment of around USD 100 million to fund IoT pilots. Similarly, the governments of the European Union are constantly working to spread awareness of digitalization across the manufacturing sector.

Major suppliers in the ABB Ltd., Critical Manufacturing, Dassault Systemes, Emerson Electrical Co., Epicor Software Corporation, Aegis Industrial Software Corporation, General Electric Company, Honeywell International Inc., iBASEt, Invensys PLC, Rockwell Automation, Schneider Electric, and Siemens AG manufacturing operations market.

Credence Research is providing Free Sample Get here

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