Growth In Industrial Automation Fuels Expansion Of Overall Equipment Effectiveness Software Market: The Driving Engine Behind Overall Equipment Effectiveness Software Market Evolution in 2025

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What Is the Expected CAGR for the Overall Equipment Effectiveness Software Market Through 2025?
The market size for overall equipment effectiveness software has experienced swift growth in the past few years. As per predictions, its size will expand from $65.7 billion in 2024 to $74.13 billion in 2025, escalating at a compound annual growth rate (CAGR) of 12.8%. Factors such as rising usage of ERP software, increased incorporation of IoT and AI in manufacturing sectors, higher adoption of automation, intensified emphasis on enhancing productivity and efficiency, and the necessity to boost equipment performance can be attributed for the growth witnessed during the historic period.

What's the Projected Size of the Global Overall Equipment Effectiveness Software Market by 2029?
The market size for overall equipment effectiveness (OEE) software is projected to experience a significant surge in the approaching years, potentially reaching $117.67 billion in 2029, with a compound annual growth rate (CAGR) of 12.2%. This expected growth during the forecast period is likely due to an increase in industrial automation utilization, heightened equipment performance, improved output, reduced costs, and enhanced efficiency, as well as a rising demand for ERP software implementation across various sectors. Key trends likely to emerge during the forecasted period include software system integration, the embracing of leading-edge technology, the impact of technological progress, swift technological innovations in OEE software solutions, and the escalating integration of MES with PLM and ERP solutions.

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Top Growth Drivers in the Overall Equipment Effectiveness Software Industry: What's Accelerating the Market?
The overall equipment effectiveness software market's expansion is anticipated to be driven by the rise in industrial automation. Industrial automation, a process that utilizes control systems like computers or robots and information technologies to manage various industry operations, and in most cases replacing human input, has been witnessed on the rise. This increasing shift towards industrial automation is rooted in the need for heightened efficiency, reduction in production costs, quality improvement of products, and the enhancement of safety in industrial manufacturing processes. The role of Overall Equipment Effectiveness (OEE) software in this realm is crucial, as it provides a platform for gauging, analyzing, and enhancing the performance of manufacturing equipment. For instance, as per the report shared by the International Federation of Robotics, a Germany-based robotics research institution, in September 2023, a total of 553,052 industrial robot installations were conducted worldwide in factories during 2022, indicating a yearly growth rate of 5%. Hence, this mounting inclination towards industrial automation propels the growth of the overall equipment effectiveness software market.

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What Trends Will Shape the Overall Equipment Effectiveness Software Market Through 2029 and Beyond?
Leading enterprises in the overall equipment effectiveness software market are prioritizing the creation of technologically progressive solutions such as cloud computing. This approach provides benefits like real-time data access, remote surveillance, and effortless usage. Described as the online provision of computer services, cloud computing allows firms to utilize software and resources without having to uphold a comprehensive on-site infrastructure. For instance, FourJaw Manufacturing Analytics, a manufacturing entity based in the UK, introduced the Next Generation Machine Monitoring System in February 2023. This cloud-supported software features real-time monitoring of Overall Equipment Effectiveness (OEE), a key factor in spotting productivity impediments and boosting manufacturing methods. The innovative system employs plug-and-play hardware to track machine idle time and operational performance, offering manufacturers instant insights into their factory functions. An important upgrade in the system is an inbuilt messaging feature that streamlines communication between floor workers and management, leading to faster resolution of operational problems and enhancing team collaboration. The platform is also committed to bettering user experience for machine operators, as it introduces revamped workspaces and new tablet hardware, significantly improving functionality and security.

What Are the Main Segments in the Overall Equipment Effectiveness Software Market?
The overall equipment effectiveness softwaremarket 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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Which Top Companies are Driving Growth in the Overall Equipment Effectiveness Software Market?
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

Which Regions Will Dominate the Overall Equipment Effectiveness Software Market Through 2029?
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.

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