The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The overall equipment effectiveness (OEE) software market has experienced significant growth in recent years. With the integration of advanced technologies like IoT and AI across manufacturing industries, the market is set to continue its upward trajectory.

Market Size and Growth Forecast

• Current Market Size: The OEE software market reached a value of $58.28 billion in 2023.
• Expected Growth: It is projected to grow to $65.70 billion in 2024, with a compound annual growth rate (CAGR) of 12.7%.
• Future Projections: By 2028, the market is expected to expand further to $107.28 billion, with a CAGR of 13.0%.

Key Drivers of Market Growth

• Increased Use of ERP Software: The rise in enterprise resource planning (ERP) software usage is driving the need for OEE solutions to optimize manufacturing processes.
• Adoption of IoT and AI: Manufacturing industries are increasingly adopting IoT and AI to enhance automation and efficiency.
• Focus on Productivity and Efficiency: There is a growing emphasis on improving productivity and operational efficiency, which OEE software can significantly enhance.
• Need for Enhanced Equipment Performance: The demand to increase equipment performance and minimize downtime is boosting the adoption of OEE software.

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Industrial Automation: A Major Market Driver

• Rising Industrial Automation: The use of automation in industries is a key factor propelling the growth of the OEE software market.
• Technological Integration: The integration of technologies like IoT in industrial automation helps in real-time monitoring and optimization of equipment performance.
• Global Adoption: A report by the International Federation of Robotics highlighted that in 2022, there were 553,052 industrial robot installations globally, marking a 5% year-on-year growth.

Leading Players in the Market

The OEE software market is highly competitive, with major players including:

• Microsoft Corporation
• Siemens Aktiengesellschaft
• General Electric Company
• IBM Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Rockwell Automation Inc.

Technological Advancements Driving Market Trends

• Cutting-Edge Solutions: Companies are focusing on developing advanced OEE software solutions that leverage IoT for real-time data and analytics.
• IoT Integration: IoT-based OEE applications help manufacturers monitor and optimize equipment performance, reducing downtime and increasing productivity.
• Recent Innovations: In September 2021, Software AG launched the Cumulocity IoT OEE app to automate OEE calculations, enabling manufacturers to enhance production efficiency by analyzing real-time data.

Strategic Mergers and Acquisitions

• Market Expansion Through Acquisitions: In May 2024, MaintMaster Systems Ltd. acquired OEEsystems International to expand its market presence in Europe.
• Enhanced OEE Solutions: This acquisition strengthens MaintMaster’s offerings in the OEE software space, particularly in the UK and Irish markets.

Market Segmentation

The OEE software market is segmented based on:

• Type: Includes Supervisory Control And Data Acquisition (SCADA), Manufacturing Execution System (MES), Cloud Enterprise Resource Planning (ERP), Predictive Maintenance, Data Historian.
• Methods: Covers Availability Calculation, Performance Calculation, Quality Calculation, Real-Time Monitoring, Root Cause Analysis, Predictive Analytics.
• Offering: Comprises Software and Services.
• Deployment Mode: Divided into On-Premises and Cloud.
• Industry: Encompasses Aerospace and Defense, Automotive, Chemical, Food and Beverage, Healthcare, Metal and Mining, Oil and Gas, Power, Electronics and Semiconductor, and Other Industries.

Regional Insights

• Asia-Pacific Dominance: In 2023, Asia-Pacific emerged as the largest region in the OEE software market, reflecting the region’s strong industrial base and increasing adoption of automation technologies.

The overall equipment effectiveness software market is poised for substantial growth, driven by technological advancements and the increasing need for efficiency in manufacturing processes. As industries continue to embrace automation, the demand for sophisticated OEE software solutions is expected to rise, presenting numerous opportunities for market players.

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The Overall Equipment Effectiveness Software Global Market Report 2024  provides an overview of the overall equipment effectiveness software market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The overall equipment effectiveness software market forecast analyzes overall equipment effectiveness software market size, overall equipment effectiveness software market share, leading competitor and their market positions.

The Table Of Content For The Overall Equipment Effectiveness Software Market Include:
1. Overall Equipment Effectiveness Software Market Executive Summary
2. Overall Equipment Effectiveness Software Market Segments
3. Overall Equipment Effectiveness Software Market Size And Overall Equipment Effectiveness Software Market Growth Rate
4. Key Overall Equipment Effectiveness Software Market Trends
5. Major Overall Equipment Effectiveness Software Market Drivers
……
25. Key Mergers And Acquisitions In The Overall Equipment Effectiveness Software Market
26. Top Overall Equipment Effectiveness Software Companies
27. Overall Equipment Effectiveness Software Market Opportunities And Strategies
28. Overall Equipment Effectiveness Software Market, Conclusions And Recommendations
29. Appendix

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