Global Overall Equipment Efficiency (OEE) Software Market Size, Status and Forecast 2020-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Overall Equipment Efficiency (OEE) Software Market


OEE Software Helps Manufacturers Become More Profitable by Measuring Availability, Performance, and quality.

OEE is an abbreviation for Overall Equipment Effectiveness and is an essential metric for manufacturing facilities. When measured consistently and correctly, it can boost productivity and enhance quality to accelerate overall operations and improve bottom-line results. OEE remains under-leveraged in manufacturing – largely because most facilities lack the tools and resources to measure it effectively.

OEE is a powerful metric that is calculated from actual equipment availability, performance, and quality losses. It captures when an asset is available, the speed at which it operates, and the products out of quality specification. Measuring and monitoring OEE is a good starting point, but to gain true value from digital transformation, a more sophisticated approach is needed. It’s necessary to add operational context to enable root cause analysis, so operators can determine the causes of unscheduled downtime.

In the world of manufacturing, OEE tells an important story about how operations are running compared to its full potential. Most manufacturers have been unable to access that data, but forward-thinking companies have now begun implementing seamless OEE software solutions to analyze what’s truly happening in their facilities with more detail than ever before.

With these solutions, manufacturers get a comprehensive look into their OEE score, both across their entire facility and byline, shift, or other key attributes. This OEE score allows companies to determine how much of their manufacturing time is actually productive, compared to a set standard. The calculation for OEE incorporates quality, performance, and availability.

For example, availability assesses interruptions through availability loss, which halts production for a measurable length of time. Availability loss could encompass changeover time, equipment malfunctions, and any other reason why production is temporarily stopped. With availability loss subtracted, you’re left with run time. It’s easy to see how even small changes in quality, performance or availability can radically affect yield and profitability. This is why OEE is such an important metric for manufacturers to measure. OEE software automates this calculation and generates valuable insights into production processes.

A lot of manufacturers combine OEE with other metrics for a fully 360-degree overview of the manufacturing business.

Whether OEE monitoring and measurement is hosted on-premises or in the cloud, the digital transformation of the continuous improvement processes can provide serious benefits to overall operational performance, allowing F&B companies to get more out of their existing equipment.

In a nutshell, Overall Equipment Efficiency (OEE) Software is the manufacturing management tool to increase productivity. OEE (Overall Equipment Effectiveness) is the gold standard for measuring manufacturing productivity. Simply put - it identifies the percentage of manufacturing time that is truly productive. An OEE score of 100% means you are manufacturing only Good Parts, as fast as possible, with no Stop Time.

In the language of OEE that means 100% Quality (only Good Parts), 100% Performance (as fast as possible), and 100% Availability (no Stop Time).OEE software that helps improve production output while managing the quality and efficiency of plant and processes.

In 2020, the global Overall Equipment Efficiency (OEE) Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2026, with a CAGR of xx% during 2021-2026. This report focuses on the global Overall Equipment Efficiency (OEE) Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Overall Equipment Efficiency (OEE) Software development in United States, Europe and China

Market Segmentation: Global Overall Equipment Efficiency (OEE) Software Market

Segmentation by Product Type : Breakdown of data from year 2015 to 2020 and forecast until 2026:

 	
On-Premise
 	
Cloud-based

Segmentation by Application : Breakdown of data from year 2015 to 2020 and forecast until 2026:

 	
SME (Small and Medium Enterprises)
 	
Large Enterprise

Top Companies & Key Players: Global Overall Equipment Efficiency (OEE) Software Market

The report offers a detailed analysis of several leading Overall Equipment Efficiency (OEE) Software manufacturers including:

 	
UpKeep Technologies
 	
Rockwell Automation
 	
Scout Systems
 	
Lighthouse Systems
 	
Evocon
 	
Schneider Electric
 	
OEEsystems
 	
eschbach GmbH
 	
ABB Enterprise Software
 	
FlexLink Systems
 	
5ME
 	
Symbrium
 	
MachineMetrics

Key Insights Covered: Global Overall Equipment Efficiency (OEE) Software Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Overall Equipment Efficiency (OEE) Software industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Overall Equipment Efficiency (OEE) Software industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Overall Equipment Efficiency (OEE) Software industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Overall Equipment Efficiency (OEE) Software industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Overall Equipment Efficiency (OEE) Software industry.

Research Methodology: Global Overall Equipment Efficiency (OEE) Software Market

 	
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
 	
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
 	
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other