GITNUX MARKETDATA REPORT 2024

Manufacturing Software Industry Statistics

The manufacturing software industry is projected to experience steady growth driven by advancements in automation technologies and increasing adoption of Industry 4.0 practices.

Statistic 1

"The annual growth rate in the Americas is 6%, with the manufacturing software market expected to reach $6.8 billion by 2022."

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Statistic 2

"The majority of users (53%) use manufacturing software for 1-4 hours per day."

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Statistic 3

"95% of manufacturers believe that smart factory technology will significantly enhance their productivity."

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Statistic 4

"The Manufacturing Execution System (MES) market is expected to grow from $11.8 billion in 2021 to $17.1 billion by 2026, at a CAGR of 7.8%."

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Statistic 5

"71% of B2B manufacturing companies have an ERP (Enterprise Resource Planning) installed."

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Statistic 6

"40% of production managers' time spent on real-time monitoring could be eliminated by digital solutions."

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Statistic 7

"Most companies (91%) expect Industry 4.0 to lead to new business models."

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Statistic 8

"82% of manufacturers expect to increase their level of digitization by 2020."

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Statistic 9

"87% of manufacturers using ERP systems had positive ROI within 36 months."

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Statistic 10

"By 2025, AI could be worth $36.8 billion in value to the manufacturing industry."

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Statistic 11

"The global market for Industrial IoT (IIOT) in manufacturing is set to grow at a CAGR of 7.3% from 2020 to 2027."

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Statistic 12

"95% of manufacturing companies agree that digital transformation has a notable impact on customer service, particularly in terms of agility and speed."

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Statistic 13

"More than 80% of executives predict their organizations will be using IIOT in manufacturing applications by 2021."

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Statistic 14

"56% of manufacturing companies saw greater than a 20% increase in efficiency thanks to digitization."

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Statistic 15

"By 2030, the IoT is predicted to generate an additional $14.2 trillion in revenue for companies."

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Statistic 16

"70% of manufacturing companies struggle with labor shortages which is encouraging the adoption of automation solutions."

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