Global Production Planning Software Market

Production Planning Software Market Overview

The global production planning software market is growing with a CAGR of 10.9% from 2022-to 2028. Production planning software enables manufacturers to produce a master production planning that accounts for resources, employees, machines, and inventory needs to complete and optimize production. Additionally, this software helps to schedule production for on-time delivery; thereby, the rising adoption of software among the manufacturers propels the market’s growth. Further, the need to perform higher manufacturing efficiency, reduce costs and time, and efficient use of production assets for more lean production also influence production planning software market growth.

What is Production Planning Software?

Production planning software supports plan production by selecting the need for materials and the capacity needed to complete a manufacturing production order. Growing digitalization, growing automation, and the need to improve the production planning capacity are the major driving factor for the growth of the production planning software market. Higher productivity also helps in gaining a competitive benefit over the competitors. Companies are keener to decrease their operational costs to gain hefty profits, and improved productivity helps them reach their profitability goals. Organizations invest in technology-oriented solutions such as production planning software to offer centralized productivity management solutions to improve the working environment and reduce costs.

Growth Drivers

Increasing Need to Enhance Production Efficiency and Quality of Products to Push the Market

Industries such as chemicals, medical equipment & pharmaceuticals, food and beverages, among others, notice growing demand for quality products and solutions. It is anticipated to put extensive pressure on manufacturing units, affecting the efficiency of the production unit. In this rapid scale of expansion, manufacturers and enterprises are concentrating on maintaining high-quality standards, sufficient flexibility, productivity, and sustainability. Also, the industries need to work in line with the regulatory changes in the current situation.

Opportunities

Increasing Adoption of Artificial Intelligence Technology in Production Process will Create Demand for the Software.

The production industries are actively adopting AI to improve the required production time. The integration of AI will offer real-time insights through data analysis, thereby reducing analysis time. AI makes the systems easy to manage. Digitalization technology connects all the machines and equipment in the factory, enabling them to run synchronously. Production planning offers perfect synchronization between AI and derived data from managing proper workflow in the plant. For instance, a machine and equipment company uses production management to translate real-time data while implementing AI technology to monitor the fleet or push efficiency. To process the real-time data, the AI requires integration with the software that collects the data and analyzes it for further application, thus boosting production planning in producing industries. After implementing AI across the units, it is essential to constantly monitor the output result, where the important role of software is required.

Restraints

Security Problems are predicted to hinder Software Adoption.

One of the main concerns of digital transformation is the security challenges of the data. The production planning management software shares a wide range of data to perform the functions and stores it on the cloud and on-premises. The data can be connected to products, designs, patents, customer data, and many other elements. Similarly, the producers have noticed many data breaches in the last few years. It is expected to hinder the market growth for a short period slightly.

Pre Covid-19 Impact on Global Production Planning Software Market

Before the covid-19 period, the Proliferation of Industry 4.0 development has motivated manufacturers to opt into their facilities for optimized production planning for digitalized solutions. It is a primary factor that is expected to drive market growth. The global production planning software market growth is anticipated to improve rapidly because of the expansion of robotic process automation (RPA). In addition, the rise in need of keeping with strict government regulations in the manufacturing process of a product to meet all quality standards, particularly in the healthcare sector, is another major factor expected to promote market growth.

Covid-19 Impact on Global Production Planning Software Market

During the covid-19 period, the pandemic affected the workflow and team communication in companies of different sizes. Increasing acceptance of work from home guidelines by organizations worldwide and the essential to manage workforces remotely has increased the requirement for remote work management. Due to remote work management, the need for digitization has grown significantly. Production Planning Software has been crucial in permitting businesses and workers to achieve workflow continuity. Alliance software from Zoom, Slack, Cisco Webex, and Microsoft Teams collaboration technology has been confirmed to be particularly helpful for businesses to enhance productivity and maintain workflow.

Post Covid-19 Impact on Global Production Planning Software Market

After the covid-19 period, empowering skilled workers with the improved technical capability to assess their long-established knowledge and experience is a major opportunity area that greatly benefits productivity and performance. Software that improves operational efficiency helps industries organize work processes and manages huge volumes of data into actionable statistics is expected to gain high adoption, according to the key executives of top companies. Adopting production planning software is foreseen to speed up its application in various use cases.

By Deployment Type Segmental Analysis

Based on deployment type, the global production planning software market into Cloud and On-Premise. The cloud-based software segment is anticipated to grow over the forecasted period. Increasing implementation of advanced technologies such as the Internet of things (IoT), big data, RPA, etc., across industries will result in the growing market for cloud-based solutions, subsequently improving workflow and service. Cloud-based software can be easily deployed, offers a good amount of storage space, and can be updated automatically. To decrease the cost and improve efficiency, the manufacturers are now moving towards cloud-based software.

By Industry Segmental Analysis

Based on industry, the global production planning software market into Manufacturing, Pharmaceutical, Automotive, Aerospace, Retail and others. The automotive industry is possible to achieve high growth in the market. The automotive industry depends on software to gain real-time visibility and control across all the manufacturing units. The automotive industry encounters challenges when a sudden production shift is required due to market changes or unplanned events. Production planning software offers synchronization of production and materials, capacity utilization, and increased throughput, boosting demand. These characteristics offered by the software are creating a huge demand in the market.

By Regional Segmental Analysis

Based on region, the global production planning software market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. North America is anticipated to dominate the production planning software market share. The US has a maximum share in the region due to the high adoption of Industrial IoT and AI technologies, among others. Most manufacturing industries in the US are entering into a digital partnership to promote manufacturing processes by implementing services such as supply chain management, product lifecycle management, manufacturing production planning software, and enterprise resource planning.

Competitors Analysis

The companies include Dassault Systemes, FrePPLe.com, MRPeasy, Oracle, Plex Systems Ltd, Simio LLC, Seiki Systems Ltd., SYSPRO, Target Skills, The Access Group and other prominent players in the global production planning software market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Production Planning Software Firms
• Local Governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Developments

• In June 2020, Slack Technologies, Inc. declared a strategic partnership with Amazon Web Services to build deep integrations between Amazon AppFlow and AWS Chatbot. AWS will execute Slack organization-wide to streamline team communication.
• In January 2020 –Critical Manufacturing SA cooperated with HCL Technologies to deliver Industry 4.0 services to MES clients. Will deliver the services of Critical producer’s clients for industries such as semiconductors, hi-tech, and medical device production. To these clients, HCL will be offering development, pre-and post-sales consulting, and implementation support.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD billion
The revenue forecast in 2028	USD billion
Growth Rate	CAGR of 10.9 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The companies Dassault Systemes, FrePPLe.com, MRPeasy, Oracle, Plex Systems Ltd, Simio LLC, Seiki Systems Ltd., SYSPRO, Target Skills and The Access Group are the key players.

Market Modelling

By Deployment Type

• Cloud
• On-Premise

By Industry

• Manufacturing
• Pharmaceutical
• Automotive
• Aerospace
• Retail
• Others

By Region

• North America
• Europe
• Asia Pacific
• South America
• The Middle East & Africa

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