Market Overview: Production Optimization Software

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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. 


Table of contents

Modern Industrial Production Strategies Demand Digital Solutions To Keep Step With Changing Market Conditions
Global Macroeconomic Situation Renews Focus On Production Optimization Software
Production Optimization Solutions Enhance The Entire Production Cycle
Production Optimization Tools Vary Significantly By Industry
Solutions Targeting Upstream Oil And Gas Incorporate Vast Engineering Subject-Matter Expertise
Downstream Manufacturing Solutions Focus On Process Optimization
Discrete Manufacturing Solutions Centre On Quality And Planning
Production Optimization Tools Are Evolving In Line With Net Zero Strategies And Advancements In AI
Sustainability Has Become Integrated Into Production Optimization Strategies
Production Optimization Is Rapidly Evolving Through ML Infusion And Enhanced Data Management

Table of figures

Figure 1. Process Optimization Software Landscape

About the authors

Hugo Fuller

Industry Analyst

Hugo is an industry analyst in the Verdantix Operational Excellence practice. His research agenda explores the technologies within the extended reality and connected worker market, alongside enterprise asset management software. In advisory, his work includes go-to-market, growth strategy and long-term research partnerships.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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