Manufacturing Analytics Market – Global Industry Analysis, Size and Forecast 2027

Statistical tool that performs rule-based analysis to enhance business process and production quality is termed to be manufacturing analytics. The application of analytics in various industries such as in banking, retail and other are popularly known but recently there is an increase in demand for application of analytics  in manufacturing sector in order to minimize operational cost, simplify supply-chain requirements and more.

Additionally, the manufacturing companies which adopt process improvement programs including SCADA, lean manufacturing, and six sigma has enhanced the adoption of manufacturing analytics.

Manufacturing analytics gathers data from geographically distributed resources, using PLCs, historians and offer organized and modeled analysis. On premise manufacturing analytical tools enable installation and service of these software suite at client side and are expensive.

Manufacturing Analytics Market: Competition Landscape

Few prominent players in the manufacturing analytics market include:

  • SAP SE,
  • IBM Corporation,
  • Wipro Limited,
  • General Electric Company,
  • TIBCO Software, Inc.,
  • Zensar Technologies Ltd.,
  • Sisense, Inc.,
  • Oracle Corporation and
  • Gemini Software solutions Pvt. Ltd.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3113

Manufacturing Analytics Market: Drivers and Challenges

The analysis of manufacturing process data are fading out due to increasing multiple industry data sources such as in-factory databases, sensor, images and among others have led to the increasing demand for big data analytics in manufacturing.

This is the prime factor contributing to the growth of manufacturing analytics market globally. Additionally, growing demand to optimize business process and make them more agile and scalable is further encouraging the growth of manufacturing analytics software in manufacturing sector.

Complex operation and low returns on investment from manufacturing analytics tools is hindering the market growth of manufacturing analytics solutions. Technical constraints including data breaching in cloud deployment and privacy are among other factors that negatively impact the growth of manufacturing analytics market.

Recent contracts/deals in Manufacturing Analytics Market

In March 2015, Caterpillar Inc. signed an agreement with Uptake, which is a provider of dynamic analytics and insight platform to a wide array of industries. The two companies jointly develop end-to-end platform for predictive diagnostic to aid caterpillar customers monitor and optimize their fleets more effectively.

In November 2016, GE Aviation launched new solution after teaming up with Capgemini. The new solutions launched enables key operations allowing digital exchange in data, maintenance and configuration of data.

Manufacturing Analytics Market: Regional Overview

Regionally, manufacturing analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa

North America and Western Europe regions are expected to contribute majorly to the revenue of global manufacturing analytics market. Asia Pacific excluding Japan and Japan are expected to have the maximum growth opportunities in the forecast period from 2017 to 2027.

Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-3113

Manufacturing Analytics Market: Segmentation

Manufacturing analytics market can be segmented on the basis of solution, type of deployment, industry and regions

On the basis of solution, manufacturing analytics market can be segmented into

  • software
  • services
  • managed service
  • professional service

On the basis of type of deployment, manufacturing analytics market can be segmented into

  • on-premise
  • cloud-based

On the basis of industry, manufacturing analytics market can be segmented into

  • banking
  • financial services and insurance (BFSI)
  • IT and telecommunication
  • energy and utility
  • public sector manufacturing
  • healthcare
  • retail
  • hospitality
  • others.

Request Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-3113

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these