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Growth In Industrial Automation Fuels Expansion Of Overall Equipment Effectiveness Software Market: Key Factor Driving The Growth In The Overall Equipment Effectiveness Software Market
Overall Equipment Effectiveness Software Market
What Is the Expected Overall Equipment Effectiveness Software Market Size During the Forecast Period?
The overall equipment effectiveness software market has expanded swiftly in recent years. It is estimated to grow from $65.7 billion in 2024 to $74.44 billion in 2025, showing a CAGR of 13.3%. Contributing elements include greater adoption of ERP systems, increased implementation of IoT and AI in manufacturing, automation trends, a strong emphasis on productivity, and efforts to boost equipment performance.
The overall equipment effectiveness (OEE) software market is set to experience rapid growth in the coming years. It will reach $121.18 billion by 2029, with a CAGR of 13.0%. This growth is attributed to the increasing use of industrial automation, better equipment performance, higher output, cost reductions, and improved efficiency. Key trends include integration with other software systems, advancements in technology, rapid innovations in OEE software solutions, and increasing integration of MES with PLM and ERP solutions.
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What Are the High-Growth Segments in the Overall Equipment Effectiveness Software Market?
The overall equipment effectiveness software market covered in this report is segmented -
1) By Type: Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES), Cloud Enterprise Resource Planning (ERP), Predictive Maintenance, Data Historian
2) By Overall Equipment Effectiveness Software Methods: Availability Calculation, Performance Calculation, Quality Calculation, Real-Time Monitoring, Root Cause Analysis, Predictive Analytics
3) By Offering: Software, Services
4) By Deployment Mode: On-Premises, Cloud
5) By Industry: Aerospace And Defense, Automotive, Chemical, Food And Beverage, Healthcare, Metal And Mining, Oil And Gas, Power, Electronics And Semiconductor, Other Industries
Subsegments:
1) By Supervisory Control and Data Acquisition (SCADA): Real-Time Data Monitoring SCADA, Remote Monitoring SCADA, Integrated SCADA Systems
2) By Manufacturing Execution System (MES): Discrete Manufacturing MES, Process Manufacturing MES, Batch Manufacturing MES
3) By Cloud Enterprise Resource Planning (ERP): Cloud-Based ERP for Manufacturing, Cloud-Based ERP for Supply Chain Management, Cloud-Based ERP for Financial Management
4) By Predictive Maintenance: Condition Monitoring Tools, Vibration Monitoring Systems, AI-Based Predictive Maintenance Solutions
5) By Data Historian: On-Premise Data Historian, Cloud-Based Data Historian, Real-Time Data Collection Systems
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What Key Drivers Are Expected to Influence Future Overall Equipment Effectiveness Software Market Growth?
The overall equipment effectiveness (OEE) software market is expected to grow with the rise in industrial automation. The need to improve efficiency, reduce costs, and enhance safety in manufacturing processes is pushing industries to adopt automation. OEE software helps monitor and improve manufacturing equipment performance. In 2022, there was a 5% increase in industrial robot installations globally, highlighting the growing reliance on automation.
Which Companies Hold the Largest Share Across Different Overall Equipment Effectiveness Software Market Segments?
Major companies operating in the overall equipment effectiveness software market are Microsoft Corporation, Siemens AG, Lockheed Martin Corporation, General Electric Company, International Business Machines Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Dassault Systèmes SE, Workday Inc., Infor Inc., Engineering Industries Excellence, UiPath Inc., Redzone, Evocon OÜ, OEEsystems International, Parsec Automation Corp., Raven Telemetry., Informance International
What Are the Latest Developing Trends in the Overall Equipment Effectiveness Software Market?
Major companies in the overall equipment effectiveness software market are focusing on advanced technologies such as cloud computing to allow real-time monitoring and accessibility. Cloud computing enables remote access to resources and systems without requiring extensive physical infrastructure. In February 2023, FourJaw Manufacturing Analytics, a UK-based company, released a new cloud-based Machine Monitoring System offering real-time OEE tracking. It includes plug-and-play hardware for machine analysis, a native messaging tool for improved team communication, and redesigned workspaces with enhanced tablet hardware.
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What Are the Emerging Geographies for The Overall Equipment Effectiveness Software Market Growth?
Asia-Pacific was the largest region in the overall equipment effectiveness software market in 2024. The regions covered in the overall equipment effectiveness software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Overall Equipment Effectiveness Software Market?
2. What is the CAGR expected in the Overall Equipment Effectiveness Software Market?
3. What Are the Key Innovations Transforming the Overall Equipment Effectiveness Software Industry?
4. Which Region Is Leading the Overall Equipment Effectiveness Software Market?
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