Global Manufacturing Analytics Market Research Report- Forecast to 2027

Global: Manufacturing Analytics Market Information by types (software, services), by application (predictive asset management, inventory management, supply chain analysis, power and energy), by deployment (on demand, on premise) - Forecast to 2027

ID: MRFR/ICT/0384-HCR | February 2021 | Region: Global | 145 pages

Global Manufacturing Analytics Market Overview


Manufacturing analytics can be termed as a statistical tool that extends its help in the analysis of manufacturing data as well as information. This will help in enabling the users for better understanding as well as in the improvement, reinforcing, and identifying the best practices. With the global manufacturing analytics market trends, the workforce can identify issues as well as have an idea about the cause and effect relationship, producing, yielding, and cost. 


Market Research Future (MRFR) projects substantial gains for the manufacturing analytics market 2020 at a high rate between 2017 and 2027 (assessment period).


Covid 19 Analysis


Before the lockdown and pandemic hit the manufacturing industries, the global manufacturing industries were gaining a lot of momentum. After the first lockdown wave, there were uneven recoveries for the different manufacturers in the market. The outbreak of the COVID 19 global pandemic is also negatively influencing the global FDI inflows overall. The most vulnerable areas of service owing to the adverse effects of coronavirus are chemicals, aircraft, automobiles, and the field of electronics. 


Businesses on a global scale are attempting to take up necessary solutions and measures that are very cost-effective. The aim behind them is to generate a demand slump so that there is a boost in the market for the manufacturers to offer the best insights in the market. The manufacturing market research aims for a predicted boost for the manufacturers by the end of the first and commencement of the second quarter of 2021. Artificial intelligence (AI), augmented reality (AU), as well as, virtual reality (VR) is the sought solutions. 


Global Manufacturing Market dynamics 


Drivers 


The small manufacturing industries are showing major interest as well as investment in the infrastructure of the managers who are continuous as well as discrete. The expected industrial IoT connections are expected to reach approximately 13.8 billion by 2027. This is expected to foster both connectivities as well as digitization amongst the manufacturing enterprises. 


Opportunities 


The global manufacturing analytics market has been exposed to different kinds of competitions and uncertainties related to raw material and energy. The operational costs are counted as well. The result of this is that they are looking for opportunities to reduce the cost and mold the enterprises that are efficient as well as accelerated in providing the desired quality of the product to the consumers. The use of smart industrial solutions is being adapted on a large scale along with developments and enhancements in the areas of automation and connectivity. 


Restraints 


To keep and maintain the international standards, there is a need for up-gradation and modernization concerning the systems for legacy control. The continuous need for investment and capital, new skills, along effective data security are some of the major restraints. These transitory restraints and challenges can be challenged with the help of improvised technology and significant investments. 


Technology Analysis 


Enabling technology like conditioning monitory, making use of artificial intelligence, internet of things (IoT), industrial 3D printing as well as digital twinning are going to fetch benefits. Another major emergency is information technology like MES, PAM, HMI as well as WMS. The marketing analytics marketing research is estimated to grow at a high CAGR of 16% in the year 2027. Many factors in the market will help in boosting the growth and automation of the manufacturing processes on a global level. Also, it has been witnessed that the government is supporting industries in regulating their compliances, increase and changes in supply chain management, steps for a reduction in time and cost, and much more. 


Segment Overview


For the marketing market research, the global manufacturing analytics market is bifurcated in many ways owing to the difference in demand, supply, and operations. This segmentation is done based on the application and types, industries of the end-user as well as deployment model. 


Based on type 


The market segmentation is based on type includes 2 significant things. Software as well as the services. Further, the section of services is bifurcated into managed services and professional services. The global manufacturing analytics market requires a variety of services, to overcome issues of forced recession and bounce back. 


Based on Application 


The field of global manufacturing analysis research divided the manufacturing analytics market based on application. There are predictive asset management, supply chain analysis, sales and emergency, customer support, energy and power, as well as, inventory management. All these have separate and their specific share of contribution to the global manufacturing units. 


Based on deployment 


The global manufacturing analytics market is dominated by the forces of demand and supply. These are known as the market forces. By deployment, the market is divided into on-demand and on-premises. Deployment refers to providing the required assistance in manufacturing industries worldwide. The region plays an important role while considering the bifurcation of deployment in the market. 


Global Market Regional Analysis 


Owing to the manufacturing analytics market trends, North America is expected to lead the market with the widest market share. The main reason behind this is the emergence and growth of the manufacturing companies in the continent. Europe is also to emerge as a dominant by the end of the forecasted period of 2027. The Asia Pacific will follow this. 


As the manufacturing industries are expected to increase their production globally, there is expected use of sophisticated products, processes as well as production materials and technologies. The United States, Japan, Germany as well as the United Kingdom are expected to be the most competitive nations for advanced manufacturing tilts, thus, shifting to a higher value of CAGR by 2027. 


Competitive Landscape 


The prominent and emerging leaders in the manufacturing analytics market research are stated as follows: 



  • Oracle Corporation (Redwoods, Silicon Valley, California)

  • SAP SE

  • Emerson Electric (US)

  • SAS Institute 

  • IBM (NYC)

  • Tableau Software 

  • ABB (Switzerland)

  • Rockwell (US)

  • Zensar Technologies Limited (Pune, India)


Many global manufacturing companies along with dealing with the adverse effects of the global pandemic are gearing up and opting for strategies for a better comeback. 


IBM is one of the most competitive and promising companies in the market that is taking into consideration the qualitative and quantitative aspects of the experts and leaders. They are aiming to get an insight into the market and thus are improving on the industry performance. 


Recent developments in the Global Manufacturing Analytics Market Research 



  • Many conducted surveys and analyses of the global manufacturing units show natures as well as sources of variations that are occurring cross-nationally. This is boosting and widening the economic growth, competitiveness in the market, and an open market to the foreign investors. 

  • There are a growing interest and investment in the field of infrastructure providing the much-needed boost to the manufacturers in the market post the time of the global pandemic. 

  • Many prevalent manufacturers in the market are widening their focus on reducing the cost of production as well as are aiming for industrial intelligence in the long run. 

  • The players in the industry, quality of the products being manufactured, the sustainability of the product along compliance are gearing up and gaining momentum. 

  • Many global manufacturers are shifting to the use of additive manufacturing (AM) technology. This is commonly known as 3D printing. The agenda behind this is to change the way how a customer views a product. Changes in designing and manufacturing are being encouraged. 


Global Manufacturing Analytics Market Research Report Overview 


The full report is inclusive of the following: 



  • Market overview 

  • Covid 19 analysis 

  • Market dynamics 

  • Technology analysis 

  • Segmentation overview 

  • Regional analysis 

  • Competitive landscape 

  • Recent developments


Segmentation Table 


The research has resulted in a segmentation of the global manufacturing analytics market report based on components, use, technology as well as region. 


Europe Components 


Hardware, software, services 


Technology 


3D printing, machine execution systems, plant asset management, product lifestyle management, human-machine interference, and much more


Use 


Automotive, defense, oil and gas, healthcare, aerospace, industrial equipment, food, chemicals, agriculture, materials, etc


Region 


North America, Europe, Asia Pacific, Latin America



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   types, application and deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Computer Science Corporation (CSC), Zensar Technologies Ltd., SAS Institute, Inc., Oracle Corporation, SAP SE, IBM, Tableau Software, Statsoft, Inc. 1010data, Inc., Alteryx
  Key Market Opportunities   improvements, identification and reinforcement of the best practices
  Key Market Drivers   growth and development of manufacturing companies


Frequently Asked Questions (FAQ) :


The high rate of digital transformation, rising investments in analytics, and the surging demand for location data & remote services and real-time data to monitor and track the spread of novel coronavirus are major tailwinds pushing the growth of the global manufacturing analytics market.

Stringent regulations and high prices are major growth impeders for the global manufacturing analytics market.

North America holds the largest share in the global manufacturing analytics market, followed by Europe, and the Asia Pacific region, respectively.

Oracle Corporation (U.S.), Wipro Limited (India), SAP SE (Germany), Zensar Technologies Ltd. (India), 1010Data (U.S.), Dell Statsoft (U.S.), Alteryx (U.S.), Tibco Software (U.S.), IBM Corporation (U.S.), Computer Science Corporation (U.S.), Tableau Software (U.S.), and SAS Institute (U.S.), are some of the top players operating in the global manufacturing analytics market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global Manufacturing analytics market adopt to gain a larger competitive advantage.