Manufacturing Analytics Market: Global Industry Analysis and Opportunity Assessment 2017-2027


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Future Market Insights

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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: 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.

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 and services. Services segment can further be sub-segmented into managed service and professional service.

On the basis of type of deployment, manufacturing analytics market can be segmented into on-premise and 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 and others.

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.

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.

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.

The report covers exhaustive analysis on:

  • Manufacturing Analytics Market Segments

  • Manufacturing Analytics Market Dynamics

  • Historical Actual Market Size, 2013 - 2015

  • Manufacturing Analytics Market Size & Forecast 2017 to 2027

  • Value Chain

  • Manufacturing Analytics Market Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Manufacturing Analytics Market Drivers and Restraints

Regional analysis for Manufacturing Analytics Market includes development of these systems in the following regions:

  • North America
  • US
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Western Europe
  • U.K.
  • France
  • Germany
  • Italy
  • France
  • Spain
  • Nordic
  • Benelux
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific Excluding Japan
  • Australia and New Zealand (A&NZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa
  • GCC Countries
  • Israel
  • South Africa
  • Turkey
  • Rest of Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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