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