Request Discount

Manufacturing Analytics Market (Type - Software, and Services; Application - Inventory Management, Energy Management, Sales and Customer Management, Emergency Management, Predictive Maintenance and Asset Management, Supply Chain Planning and Procurement, and Other Applications; Industry Vertical - Electronics and Aerospace Manufacturing, Food and Beverages Manufacturing, Chemicals and Materials Manufacturing, Pharma and Life Sciences, Paper, Pulp, Plastic, and Rubber Manufacturing, and Other Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : IA0079

  • Category : Industry Automation

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Manufacturing Analytics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Manufacturing Analytics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Manufacturing Analytics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the manufacturing analytics market provides an in-depth analysis of segments and sub-segments in the global as well as regional manufacturing analytics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional manufacturing analytics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global manufacturing analytics market. According to the report, the global manufacturing analytics market is projected to grow at a CAGR of 22.1% over the forecast period of 2019-2025.

 

Market Insight

Manufacturing analytics helps manufacturing companies to understand machine data. It includes functions such as data acquisition, filtration, and contextualization of the data, calculation of manufacturing KPIs, and then the generation of role-based visualization and dashboards. It is used to increase process efficiency, centralize production monitoring, turn real-time data into just in tome insights and better serve the customers.  It promotes cost-effective production through monitoring and analysis. 

 

The growing need for process optimization drives the expansion of the manufacturing analytics market. The manufacturing analytics market is highly influenced by the adoption of advanced data management strategies across a variety of manufacturing applications. Further, the rising development of the industrial Internet of Things led to a rise in demand for manufacturing analytics. In 2019, Hitachi Vantara brought Industrial IoT to the production floor with Lumada manufacturing insights. The Internet of Things solutions empowers the manufacturing industry that helps to achieve transformative outcomes from data-driven insights. It optimizes machine, production, and quality outcomes that set the foundation of digital innovation in the manufacturing sector. Data analytics in manufacturing sector helps to meet federal norms, supply chain requirements, global competition, reduce manufacturing costs, and improve operating income. The growing demand for big data analytics in the manufacturing sector is attributed to the rising multiple industry data sources such as sensors, images, in-factory databases, and others. Additionally, the manufacturing industry is rapidly adopting various process improvement programs such as lean manufacturing, data acquisition system, supervisory control, and six sigma. This has improved the adoption of manufacturing analytics. Furthermore, the rise in investments on big data in the manufacturing sector contributes to the expansion of the manufacturing analytics market. On the flip side, lower return on investment hinders the growth of the manufacturing analytics market. Moreover, technological development and increasing cloud adoption trends create numerous opportunities in the global manufacturing analytics market.

 

Geographically, the global manufacturing analytics market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to account for the major share in the global manufacturing analytics market. The presence of leading market players and rising awareness about advanced technologies in North America led to the expansion of the manufacturing analytics market in North America. Asia-Pacific region is anticipated to grow in the global manufacturing analytics market with a healthy CAGR over the forecast period. The growth of the manufacturing analytics market in Asia-Pacific is attributed to the increasing awareness about manufacturing technologies among manufacturing companies. Europe has a significant growth rate in the global manufacturing analytics market due to the adoption of smart manufacturing techniques in the region.

 

Segment Covered

The report on global manufacturing analytics market covers segments such as type, application, and industry vertical. On the basis of type, the sub-markets include software, and services. On the basis of application, the sub-markets include inventory management, energy management, sales and customer management, emergency management, predictive maintenance and asset management, supply chain planning and procurement, and other applications. On the basis of industry vertical, the sub-markets include electronics and aerospace manufacturing, food and beverages manufacturing, chemicals and materials manufacturing, pharma and life sciences, paper, pulp, plastic, and rubber manufacturing, and other industries.

 

Companies Profiled:

The report provides profiles of the companies in the market such as SAS Institute, Inc., Computer Sciences Corporation, TIBCO Software, Inc., StatSoft, Inc., Oracle Corporation, Zensar Technologies Ltd., Tableau Software, SAP SE, International Business Machine Corporation, Alteryx, Inc., and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of manufacturing analytics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount