About OEE Software
OEE software is software that track, monitor, and analyze OEE (Overall Equipment Effectiveness) by leveraging IIOT-enabled devices. Overall Equipment Effectiveness is the gold standard for measuring manufacturing productivity and is an essential part of any manufacturing improvement program. OEE software provides tools to understand and address the underlying manufacturing losses such as downtime, speed loss, and rejects.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative services in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global OEE Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lighthouse Systems (United Kingdom), Sismaq SLU (Spain), OEEsystems International (Ireland), DataLyzer International, Inc. (United States), SoftSolutions srl (Italy), MachineMetrics Inc. (United Kingdom), Seiki Systems Ltd (United Kingdom), ICONICS UK Ltd. (United Kingdom), Aspen Technology (United States) and SafetyChain Software, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Datanow Solutions LLP (India) and ThingTrax Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global OEE Software market by and Region.
On the basis of geography, the market of OEE Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On premise will boost the OEE Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Desktop will boost the OEE Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise, the sub-segment i.e. Small and Medium Enterprises will boost the OEE Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the OEE Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Penetration of the Internet
Market Growth Drivers:
High Benefits of the OEE Software such as Improved Accuracy, Real-time Data, Loss Analysis and Others and Increased Applications of OEE software in Various Industries
Challenges:
Technological Complexities Associated with OEE software
Restraints:
High Cost Associated with OEE Software
Opportunities:
Increasing Demand from End-users and Growing Awareness about OEE Software
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Software Developers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.