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Global Manufacturing Analytics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 149 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911960

Quick Summary:

In an increasingly competitive and data-driven landscape, the implementation of advanced manufacturing analytics stands as a strategic imperative for businesses aiming to excel and innovate. Manufacturing analytics empower companies to make informed decisions, optimize efficiency, and anticipate market trends, positioning them to lead in their respective sectors. Companies leveraging these tools are setting new standards in productivity and customer satisfaction, while those without such insights risk falling behind.

The depth of our market research report provides a comprehensive analysis that encompasses key components, applications, and industry verticals within the realm of manufacturing analytics. Featuring insights into current trends and future projections, it is specifically crafted to assist senior executives in making strategic choices that align with evolving industry demands. The report delineates critical segments and examines their potential impact on your business, offering a blueprint for harnessing the transformative power of manufacturing analytics.

The global manufacturing analytics market size reached US$ 10.6 Billion in 2022. Looking forward, the market is expected to reach US$ 33.1 Billion by 2028, exhibiting a growth rate (CAGR) of 20.90% during 2022-2028.

Manufacturing analytics refers to the use of operations and events data and technologies to ensure quality, reduce costs, optimize supply chains, and improve performance and yield. It relies on predictive and big data analytics, industrial internet of things (IIoT), machine learning (ML), and edge computing to enable smart, scalable factory solutions. As it provides contextual awareness and actionable insights in real-time, organizations from different industry verticals are adopting manufacturing analytics to gain a competitive edge. This can also be attributed to its assistance in digitizing the business, accelerating innovation, and redefining customer experience.

Manufacturing Analytics Market Trends

Lockdowns imposed by governing agencies of numerous countries to curb the spread of the coronavirus disease (COVID-19) have resulted in supply chain disruptions and the temporary closure of various manufacturing units. As a result, manufacturing entities across the globe are deploying smart manufacturing analytics solutions to mitigate the impact of the pandemic. Manufacturing analytics assists in demand forecasting, real-time quality monitoring, and inventory management. Apart from this, rapid industrialization, the rising automation trend in industrial processes, and the growing volume of data are among the leading factors catalyzing the demand for manufacturing analytics to help companies increase overall productivity and profitability. In addition to this, the emergence of the Fourth Industrial Revolution (Industry 4.0), in confluence with the widespread adoption of advanced technologies, such as artificial intelligence (AI) and radio frequency identification (RFID), is bolstering the market growth. Moreover, it is widely used by automotive manufacturers to innovate their products and simultaneously meet stringent quality requirements. It is also gaining traction in the aerospace industry for improving proficiency and operational efficiency.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global manufacturing analytics market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, deployment model, application and industry vertical.

Breakup by Component:

  • Software
  • Services

Breakup by Deployment Model:

  • Cloud-based
  • On-premises

Breakup by Application:

  • Predictive Maintenance
  • Inventory Management
  • Supply Chain Optimization

Breakup by Industry Vertical:

  • Semiconductor and Electronics
  • Energy and Power
  • Pharmaceutical
  • Automobile
  • Heavy Metal and Machine Manufacturing

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., General Electric, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software LLC (Salesforce.com Inc.), TIBCO Software Inc., Wipro Limited and Zensar Technologies Ltd.

Key Questions Answered in This Report

1. How big is the global manufacturing analytics market?
2. What is the expected growth rate of the global manufacturing analytics market during 2023-2028?
3. What are the key factors driving the global manufacturing analytics market?
4. What has been the impact of COVID-19 on the global manufacturing analytics market?
5. What is the breakup of the global manufacturing analytics market based on the component?
6. What is the breakup of the global manufacturing analytics market based on the deployment model?
7. What is the breakup of the global manufacturing analytics market based on the application?
8. What is the breakup of the global manufacturing analytics market based on the industry vertical?
9. What are the key regions in the global manufacturing analytics market?
10. Who are the key players/companies in the global manufacturing analytics market?
Frequently Asked Questions about the Global Manufacturing Analytics Market

What is the estimated value of the Global Manufacturing Analytics Market?

The Global Manufacturing Analytics Market was estimated to be valued at $10.6 Billion in 2022.

What is the growth rate of the Global Manufacturing Analytics Market?

The growth rate of the Global Manufacturing Analytics Market is 20.9%, with an estimated value of $33.1 Billion by 2028.

What is the forecasted size of the Global Manufacturing Analytics Market?

The Global Manufacturing Analytics Market is estimated to be worth $33.1 Billion by 2028.

Who are the key companies in the Global Manufacturing Analytics Market?

Key companies in the Global Manufacturing Analytics Market include Arvitis, Centre Vinicole – Champagne Nicolas Feuillatte, Champagne Piper, Heidsieck, Diageo, LANSON, BCC, Laurent, Perrier and LVMH Moët Hennessy Louis Vuitton.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Manufacturing Analytics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Model
7.1 Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Predictive Maintenance
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Inventory Management
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Supply Chain Optimization
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 Semiconductor and Electronics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Energy and Power
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Automobile
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Heavy Metal and Machine Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alteryx Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 General Electric
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 International Business Machines Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Oracle Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 SAP SE
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 SAS Institute Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 SWOT Analysis
15.3.7 Sisense Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Tableau Software LLC (Salesforce.com Inc.)
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 TIBCO Software Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 SWOT Analysis
15.3.10 Wipro Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Zensar Technologies Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials

Companies Mentioned

  • Alteryx Inc.
  • General Electric
  • International Business Machines Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Sisense Inc.
  • Tableau Software LLC (Salesforce.com Inc.)
  • TIBCO Software Inc.
  • Wipro Limited
  • Zensar Technologies Ltd.

Methodology

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