This chart shows a forecast fan of the Manufacturing Operations Management (MOM) market that could be expected over the next few years.
The fan is an interesting way to allow for possible changes to a forecast (e.g. Covid). We expect the white line to be the most appropriate forecast at the time and are currently anticipating a 2019-24 CAGR of 4.5%.
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Our experienced consultants help engineering software vendors analyse markets, anticipate trends, and plan strategies in 100+ industry sub-sectors.
The last two decades have seen dramatic changes in every manufacturing sector. But as we speed towards the IoT and Industry 4.0 era, we must prepare for changes unlike anything we’ve seen before.
For companies developing and selling technical software applications (CAD, CAM, CAE, GIS, AEC), there is going to be an unparalleled jump in the complexity of their markets.
Complexity in design and engineering software markets is absolutely huge, stemming from:
changing structural drivers unique to each manufacturing sector
software application overlap and interoperation
the now-pivotal role of embedded software and electronics in the development of ‘smart products’ – and the knock-on effect on traditional supply chain dynamics
increasingly IT-savvy customers
global project teams and customer bases
All of this means that sophisticated segmentation and market understanding are vital for sound planning – especially in the current highly uncertain and constantly shifting global economy.
As the adoption of IT raises the performance bar for everyone, manufacturers are also looking to technical applications (CAD, CAM, CAE, PLM, AEC and visualisation tools) suppliers for advice on how to gain competitive advantage from their technologies.
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