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 ConditionsGlobal 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 LandscapeOrganisations mentioned
ABB, Accruent, Ambyint, Arc Holdings, ARCADIS Gen, AspenTech, Augury, AVEVA, BakerHughes, BP, C3 AI, ChampionX, Cognite, Competitive Power Ventures (CPV), Dassault Systèmes, Emerson, ExxonMobil, Falkonry, Federal Reserve Bank of New York, Flutura, GE Digital, Google, Hexagon, Hitachi Energy, Honeywell, IBM, ICF International, IFS, International Energy Agency (IEA), Itus Digital, KBC Group, MaintainX, Plataine, QiO Technologies, Rockwell Automation, SAP, Seebo, Seeq Corporation, Siemens Energy, Simio, SLB, SymphonyAI Industrial, TechnipFMC, TIBCO, Trendminer, Triumph Group, UK Office of National Statistics (ONS), UpKeep, US Energy Information Administration (EIA), Wood, YokogawaAbout the authors
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