Market Overview: Production Optimization Software

Executive Summary

The production optimization software market encompasses numerous products that drive planning, process, maintenance and workforce excellence in industrial production. This study seeks to provide an overview of this fragmented market, outlining key trends, as well as itemizing important applications and vendors.

The report is written for strategy, product and marketing personnel at firms that offer production optimization software solutions to guide product strategies. It can also inform purchasing decisions for operations, maintenance, production and reliability personnel at industrial organizations.

Several interlinking factors have driven growth in the production optimization software market, such as supply chain disruptions, energy price fluctuations and skilled worker shortages. Verdantix splits the market across three major areas: (1) production planning and forecasting; (2) process optimization; and (3) equipment maintenance and workforce optimization. There is significant variation in how these usage scenarios manifest themselves across industry. This report deep-dives into specific applications in: (1) oil and gas; (2) downstream process manufacturing; and (3) discrete manufacturing. Developments in production optimization software are centred on sustainability capabilities, digital twins and industrial data management.