NEW YORK, July 5, 2023 /PRNewswire/ -- The electronic shift operations management solutions (eSOMs) market size is set to grow by USD 5,516.59 million between 2022 and 2027 and register a CAGR of 11.47%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View Sample Report

The report also covers the following areas:

• Electronic Shift Operations Management Solutions Market size

• Electronic Shift Operations Management Solutions Market trends

• Electronic Shift Operations Management Solutions Market industry analysis

Electronic Shift Operations Management Solutions Market 2023-2027: Segmentation

The electronic shift operations management solutions market is segmented as follows:

• End-user

• Component

• Geography

The market share growth by the energy and utilities segment will be significant for market growth during the forecast period. Despite its growing demand, factors such as regulations, carbon reduction targets, changes in commodity prices, and changing public opinion have made the traditional business model of the energy and utilities industry vulnerable to risk. Furthermore, some of the wide applications of eSOMS are it analyzes historical data, plant operations, and other data sources to track and diagnose problems or areas for improvement, forecast capacity and its costs to improve daily planning, provides practical advice or close the loop and achieve the desired results to improve efficiency, flexibility, power, and emissions. Hence, such factors drive the segment growth during the forecast period.

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Electronic Shift Operations Management Solutions Market 2023-2027: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the electronic shift operations management solutions market include ABB Ltd., BMC Software Inc., Broadcom Inc., Freshworks Inc., Hexagon AB, Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., Issuu Inc., Microsoft Corp., Nokia Corp., Open Text Corp., SAP SE, SAS Institute Inc., Siemens AG, Splunk Inc., VMware Inc., INTECH Process Automation Inc., Oracle Corp., and Yokogawa Electric Corp. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offerings

• ABB Ltd. - The company offers electronic shift operations management solutions such as eSOMS.

• Broadcom Inc. - The company offers electronic shift operations management solutions such as Break Down Silos.

• Hexagon AB - The company offers electronic shift operations management solutions such as j5 Shift Operations Management.

Electronic Shift Operations Management Solutions Market 2023-2027: Market Dynamics

Key Drivers

The increasing demand for automation in industrial sectors drives the growth of the eSOMS market during the forecast period. Manufacturing industries find ways to improve their efficiency and increase the productivity of their manufacturing methods, due to high demand across the globe.

Furthermore, eSOMS enables the flow of information from the shop floor to the rest of the company, which leads to better visibility of the shop floor and through which real-time control and adjustments to operations can be made efficiently. Hence, such factors drive the growth of the market during the forecast period.

Significant Trends

The increase in the adoption of mobile and digital methods of eSOMS is an emerging market trend during the forecast period. Factors such as the growing adoption of mobile devices and smartphones and the rise in popularity of mobile apps like Adobe Creative, Dubb, etc., lead to the rising use of video management software, an essential revenue contributor to the market in focus.

Resultantly, video management software providers have started offering apps for mobile platforms such as iOS and Android. Hence, such trends drive the growth of the market during the forecast period.

Major Challenges

The lack of skill and expertise challenges the growth of the eSOMS market during the forecast period. The increasing demand for automation in the workplace leads to a rise in the demand for digital skills in human workers. Furthermore, there is a huge scope for soft skills as technology is replacing many manuals, and repetitive tasks across industries.

As a result, there is a huge need for employees with the necessary soft skills to fill the gap in the industry as well as to supplement automation. Hence, such challenges impede market growth during the forecast period.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

• Global competitiveness and key competitor positions

• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - Buy the report!

Electronic Shift Operations Management Solutions Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027

• Detailed information on factors that will assist electronic shift operations management solutions market growth during the next five years

• Estimation of the electronic shift operations management solutions market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the electronic shift operations management solutions market

• Analysis of the market's competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of electronic shift operations management solutions market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global electronic shift operations management solutions market 2017 - 2021

• 4.2 End user Segment Analysis 2017 - 2021

• 4.3 Component Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by End-user

• 6.1 Market segments

• 6.2 Comparison by End-user

• 6.3 Energy and utilities - Market size and forecast 2022-2027

• 6.4 Oil and gas - Market size and forecast 2022-2027

• 6.5 Automotive - Market size and forecast 2022-2027

• 6.6 Chemical - Market size and forecast 2022-2027

• 6.7 Others - Market size and forecast 2022-2027

• 6.8 Market opportunity by End-user

7 Market Segmentation by Component

• 7.1 Market segments

• 7.2 Comparison by Component

• 7.3 Solutions - Market size and forecast 2022-2027

• 7.4 Software - Market size and forecast 2022-2027

• 7.5 Market opportunity by Component

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027

• 9.4 Europe - Market size and forecast 2022-2027

• 9.5 APAC - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 US - Market size and forecast 2022-2027

• 9.9 China - Market size and forecast 2022-2027

• 9.10 Germany - Market size and forecast 2022-2027

• 9.11 Canada - Market size and forecast 2022-2027

• 9.12 Japan - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 ABB Ltd.

• 12.4 Broadcom Inc.

• 12.5 Hexagon AB

• 12.6 Hitachi Ltd.

• 12.7 Honeywell International Inc.

• 12.8 International Business Machines Corp.

• 12.9 Microsoft Corp.

• 12.10 Open Text Corp.

• 12.11 Oracle Corp.

• 12.12 SAP SE

• 12.13 SAS Institute Inc.

• 12.14 Siemens AG

• 12.15 Splunk Inc.

• 12.16 VMware Inc.

• 12.17 Yokogawa Electric Corp.

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

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