Press release
Electronic Shift Operations Management Solutions (eSOMS) Market: Major Trends Reshaping the Future of the Industry
Electronic Shift Operations Management Solutions (eSOMS)
What Will the Electronic Shift Operations Management Solutions (eSOMS) Industry Market Size Be by 2025?
Over the past few years, the electronic shift operations management solutions (esoms) market has witnessed robust growth. Its size is predicted to rise from $6.2 billion in 2024 to $6.8 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The acceleration during the historical period can be linked to factors such as regulatory compliance necessities, the burgeoning use in power utilities, the need for operational efficiency, an increased emphasis on worker safety, and the heightened utilization in the oil and gas industry.
What's the Long-Term Growth Forecast for the Electronic Shift Operations Management Solutions (eSOMS) Market Size Through 2029?
The electronic shift operations management solutions (esoms) market is forecasted to experience a significant surge in the coming years, reaching a market size of $9.66 billion in 2029, with a CAGR of 9.2%. This projected growth over the forecast period could be as a result of the integration with digital twin platforms, an increased focus on asset performance management, the broadening of nuclear power facilities, surging demand for instant data access, and an escalating need for a centralized control of operations. Key trends anticipated across the forecast period are enhancements in automation technologies, breakthroughs in human-machine interfaces, progress in cloud-based infrastructure, integration with AI and the internet of things (IoT), and increased investment in research and development associated with digital operations management.
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What Are the Key Growth Drivers Fueling the Electronic Shift Operations Management Solutions (eSOMS) Market Expansion?
The surge in automation requirements within various industrial sectors is projected to fuel the expansion of the electronic shift operations management solutions (eSOMS) market. Automation, defined as the utilization of technology to execute tasks with limited human intervention, enhances efficiency, precision and productivity. The rise in automation stems from businesses' growing need for operational efficiency. Companies are looking to decrease labor expenditures and automate redundant tasks through tech-driven solutions. eSOMS are pivotal to automation, ensuring flawless coordination and precise recording of operational activities across shifts, reducing human error and maintaining uniform system performance. For example, in September 2024, the International Federation of Robotics (IFR), a non-profit organization based in Germany, reported that the number of operational industrial robots globally reached 4,281,585 units in 2023, representing a 10% increase from the previous year. Consequently, the growing demand for automation within industrial sectors is propelling the growth of the eSOMS market.
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Which Emerging Trends Are Transforming the Electronic Shift Operations Management Solutions (eSOMS) Market in 2025?
Principal businesses in the eSOMS market are channeling their resources into technological advancements, such as AI-driven predictive analytics, in a bid to improve operational competence, workforce cooperation, and regulatory adherence within industrial environments. This AI-enriched predictive analytics utilizes machine learning models to evaluate historical and present-time data, facilitating anticipatory decision-making and efficient shift planning. AutoScheduler.AI, an American tech firm, for example, unveiled AutoPilot Central in December 2024. This tool collates data from multiple sites and applies predictive analytics to help supply chain managers promptly detect risk areas and initiate preventative measures before problems occur. This pioneering platform aims to cut down planning periods, heighten productivity, and mitigate operational interruptions by providing live insights and suggestions.
How Is the Electronic Shift Operations Management Solutions (eSOMS) Market Segmented?
The electronic shift operations management solutions (esoms) market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: On-Premises, Cloud-Based, Hybrid
3) By Functionality: Shift Scheduling And Rostering, Incident Management, Workflow Automation, Compliance And Regulatory Reporting, Communication And Collaboration, Data Analytics And Performance Monitoring, Integration With Other Systems
4) By End-User: Chemicals, Oil And Gas, Military, Automotive, Energy And Utilities, Other End-Users
Subsegments:
1) By Software: Shift Scheduling Software, Personnel Tracking Software, Workflow Automation Tools, Incident Management Software, Compliance And Reporting Modules, Mobile Application Integration
2) By Services: Implementation Services, Training And Education Services, Support And Maintenance Services, Consulting Services, System Integration Services, Upgrades And Migration Services
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Which Companies Are Leading the Charge in Electronic Shift Operations Management Solutions (eSOMS) Market Innovation?
Major companies operating in the electronic shift operations management solutions (eSOMS) market are Hitachi Energy Ltd., Siemens AG, Oracle Corporation, Schneider Electric SE, ABB Ltd., Automatic Data Processing Inc., Emerson Electric Company, Hexagon AB, Yokogawa Electric Corporation, Dayforce Inc., UiPath Inc., Verint Systems Inc., Shiftboard Inc., Trinoor Inc., Sheffield Scientific LLC, Conmitto Inc., Timelabs, Globorise Technologies LLC, Factorial HR, UKG Inc., Shifton.
Which Regions Are Leading the Global Electronic Shift Operations Management Solutions (eSOMS) Market in Revenue?
North America was the largest region in the electronic shift operations management solutions (eSOMS) market in 2024. The regions covered in the electronic shift operations management solutions (eSOMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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