Manufacturing Analytics Market Revenue, Opportunity, Segment and Key Trends 2017-2027
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.
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.
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<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>: Global Industry<br />
Analysis <strong>and</strong> <strong>Opportunity</strong> Assessment <strong>2017</strong>-<strong>2027</strong><br />
March <strong>2017</strong><br />
Report Id : REP-GB-3113<br />
Status : Ongoing<br />
Category : Electronics, Semiconductors, <strong>and</strong> ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong><br />
Statistical tool that performs rule-based analysis to enhance business process <strong>and</strong> production quality is<br />
termed to be manufacturing analytics. The application of analytics in various industries such as in banking,<br />
retail <strong>and</strong> other are popularly known but recently there is an increase in dem<strong>and</strong> for application of<br />
analytics in manufacturing sector in order to minimize operational cost, simplify supply-chain requirements<br />
<strong>and</strong> more. Additionally, the manufacturing companies which adopt process improvement programs including<br />
SCADA, lean manufacturing, <strong>and</strong> six sigma has enhanced the adoption of manufacturing analytics.<br />
<strong>Manufacturing</strong> analytics gathers data from geographically distributed resources, using PLCs, historians <strong>and</strong><br />
offer organized <strong>and</strong> modeled analysis. On premise manufacturing analytical tools enable installation <strong>and</strong><br />
service of these software suite at client side <strong>and</strong> are expensive.<br />
<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>: Drivers <strong>and</strong> Challenges<br />
The analysis of manufacturing process data are fading out due to increasing multiple industry data sources<br />
such as in-factory databases, sensor, images <strong>and</strong> among others have led to the increasing dem<strong>and</strong> for big<br />
data analytics in manufacturing. This is the prime factor contributing to the growth of manufacturing<br />
analytics market globally. Additionally, growing dem<strong>and</strong> to optimize business process <strong>and</strong> make them more<br />
agile <strong>and</strong> scalable is further encouraging the growth of manufacturing analytics software in manufacturing<br />
sector.<br />
Complex operation <strong>and</strong> low returns on investment from manufacturing analytics tools is hindering the<br />
market growth of manufacturing analytics solutions. Technical constraints including data breaching in cloud<br />
deployment <strong>and</strong> privacy are among other factors that negatively impact the growth of manufacturing<br />
analytics market.<br />
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<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong><br />
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<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>: <strong>Segment</strong>ation<br />
<strong>Manufacturing</strong> analytics market can be segmented on the basis of solution, type of deployment, industry<br />
<strong>and</strong> regions<br />
On the basis of solution, manufacturing analytics market can be segmented into software <strong>and</strong> services.<br />
Services segment can further be sub-segmented into managed service <strong>and</strong> professional service.<br />
On the basis of type of deployment, manufacturing analytics market can be segmented into on-premise <strong>and</strong><br />
cloud-based.<br />
On the basis of industry, manufacturing analytics market can be segmented into banking, financial services<br />
<strong>and</strong> insurance (BFSI), IT <strong>and</strong> telecommunication, energy <strong>and</strong> utility, public sector manufacturing, healthcare,<br />
retail, hospitality <strong>and</strong> others.<br />
<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>: Regional Overview<br />
Regionally, manufacturing analytics market can be segmented into North America, Latin America, Western<br />
Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, <strong>and</strong> Middle East <strong>and</strong> Africa<br />
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<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong><br />
North America <strong>and</strong> Western Europe regions are expected to contribute majorly to the revenue of global<br />
manufacturing analytics market. Asia Pacific excluding Japan <strong>and</strong> Japan are expected to have the maximum<br />
growth opportunities in the forecast period from <strong>2017</strong> to <strong>2027</strong>.<br />
<strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>: Competition L<strong>and</strong>scape<br />
Few prominent players in the manufacturing analytics market include:SAP SE,IBM Corporation, Wipro<br />
Limited, General Electric Company, TIBCO Software, Inc., Zensar Technologies Ltd., Sisense, Inc., Oracle<br />
Corporation <strong>and</strong> Gemini Software solutions Pvt. Ltd.<br />
Recent contracts/deals in <strong>Manufacturing</strong> <strong>Analytics</strong> <strong>Market</strong>:<br />
In March 2015, Caterpillar Inc. signed an agreement with Uptake, which is a provider of dynamic analytics<br />
<strong>and</strong> insight platform to a wide array of industries. The two companies jointly develop end-to-end platform<br />
for predictive diagnostic to aid caterpillar customers monitor <strong>and</strong> optimize their fleets more effectively.<br />
In November 2016, GE Aviation launched new solution after teaming up with Capgemini. The new solutions<br />
launched enables key operations allowing digital exchange in data, maintenance <strong>and</strong> configuration of data.<br />
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