South & Central America Real Time Production Monitoring Market Forecast to 2030 - Regional Analysis - By Component, Deployment, Enterprise Size, and Industry

Description

List of Tables

The South & Central America real time production monitoring market was valued at US$ 154.43 million in 2022 and is expected to reach US$ 313.99 million by 2030; it is estimated to grow at a CAGR of 9.3% from 2022 to 2030.

Integration of Artificial Intelligence and Machine Learning in Manufacturing Fuels the South & Central America Real Time Production Monitoring Market

Industry 4.0 is transforming how businesses manufacture, improve, and distribute their goods. Manufacturers incorporate cutting-edge technology into their operations and manufacturing facilities, such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning. Artificial intelligence (AI) and machine learning (ML) allow manufacturers to fully utilize the volume of information generated on the factory floor, across the business units, and from partners and third-party sources. AI and ML can create insights, providing predictability, visibility, and automation of operations and business processes. With the increase in data inputs, the integration of AI and ML in manufacturing is increasing. The real-time production monitoring system can be made significantly smarter by incorporating rules and algorithms (with user-defined parameters). By doing this, manufacturers are able to use the power of computers to quickly evaluate massive amounts of data in real time and make regular choices without the involvement of humans. A system powered by artificial intelligence (AI) can independently make conclusions in the event of the smallest deviations in manufacturing and is able to identify complex patterns and linkages in manufacturing processes. Thus, integrating AI and ML in manufacturing creates immense opportunities for the real-time production monitoring market, as real-time production monitoring allows the authority to be updated with updates on the shop floor.

To fully realize the power of AI in MES, it is imperative to ensure the quality and maturity of the data recorded during production. To prevent potential problems and maximize the efficiency of AI-driven solutions in MES, real-time optimization and informed decision-making across the production cycle will require constant monitoring and maintenance of data quality. Thus, integration of AI and ML in manufacturing may become trend in the Middle East & Africa real-time monitoring market.

South & Central America Real Time Production Monitoring Market Overview

The South America (SAM) real time production monitoring market is segmented into Brazil, Argentina, and the Rest of SAM. Economies in SAM have progressed at a faster rate on average than the economies of developed countries. Owing to rising digitalization in growing markets such as Brazil, Argentina, Colombia, Chile, El Salvador, Guatemala, Peru, and others, South America has become a prime contributor to the South & Central America real time production monitoring market. The growing urbanization, increasing deployment of advanced technologies in industries, and improving economy are among the prominent factors propelling the demand for IoT solutions. Adoption of IoT contributes to the generation of data regarding the production workflow process that includes tracking of material consumption, traceability, specific events, machine information, items and their parts quantities, and more. This information will help the manufacturer for effective management of time and resources. It helps improve productivity, efficiency, and quality related to both process and machine performance.

Following are a few developments for smart facilities in SAM:

In March 2022, Huawei opened Huawei local electronic manufacturing service (EMS) Factory, the first smart manufacturing plant in Brazil to use 5G applications in the production process. The facility used technologies such as artificial intelligence, cloud, and IoT (Internet of Things), which helped to make production effective and intensify productivity.
CNH Industrial has invested more than US$ 30 million in its Argentina plant since 2021 for the development and advancement in the manufacturing, product marketing, purchasing, and engineering departments and others. They adopted technologies such as artificial intelligence for the production at its factory.

The growing need for solutions to maximize productivity in the manufacturing sector fuels the adoption of real time production monitoring solutions in the region.

South & Central America Real Time Production Monitoring Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Real Time Production Monitoring Market Segmentation

The South & Central America real time production monitoring market is segmented based on component, deployment, enterprise size, industry, and country.

Based on component, the South & Central America real time production monitoring market is bifurcated into solution and services. The solution segment held a larger share in 2022.

By deployment, the South & Central America real time production monitoring market is bifurcated into on-premise and cloud. The on-premise segment held a larger share in 2022.

By enterprise size, the South & Central America real time production monitoring market is bifurcated into large enterprise and SMEs. The large enterprise segment held a larger share in 2022.

By industry, the South & Central America real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The process manufacturing segment held a larger share in 2022.

Based on country, the South & Central America real time production monitoring market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America real time production monitoring market in 2022.

Aspen Technology Inc, Capgemini SE, Dassault Systemes SE, General Electric Co, Hitachi Ltd, Infosys Ltd, Oracle Corp, Rockwell Automation Inc, sedApta Srl, and Siemens AG are some of the leading companies operating in the South & Central America real time production monitoring market.

Product Code: BMIRE00029697

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Real Time Production Monitoring Market Landscape

4.1 Overview
4.2 South & Central America PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in Value Chain

5. South & Central America Real Time Production Monitoring Market - Key Industry Dynamics

5.1 South & Central America Real Time Production Monitoring Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Advent of Industry 4.0
- 5.2.2 Increase in Use of Predictive Maintenance Across Industries
- 5.2.3 Focus on Maximizing Production Capacity
5.3 Market Restraints
- 5.3.1 Cost Constraints in Deploying Solutions in SMEs
- 5.3.2 Possibility of Data Theft Through Manufacturing Execution System (MES)
5.4 Market Opportunities
- 5.4.1 Integration of Real-Time Production Monitoring Solution with ERP Systems
- 5.4.2 Need for Energy Efficiency
5.5 Future Trends
- 5.5.1 Integration of Artificial Intelligence and Machine Learning in Manufacturing
5.6 Impact of Drivers and Restraints:

6. Real Time Production Monitoring Market - South & Central America Market Analysis

6.1 South & Central America Real Time Production Monitoring Market Revenue (US$ Million), 2022 - 2030
6.2 South & Central America Real Time Production Monitoring Market Forecast and Analysis

7. South & Central America Real Time Production Monitoring Market Analysis - Component

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. South & Central America Real Time Production Monitoring Market Analysis - Deployment

8.1 On-Premise
- 8.1.1 Overview
- 8.1.2 On-Premise Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Cloud
- 8.2.1 Overview
- 8.2.2 Cloud Market Revenue, and Forecast to 2030 (US$ Million)

9. South & Central America Real Time Production Monitoring Market Analysis - Enterprise Size

9.1 Large Enterprise
- 9.1.1 Overview
- 9.1.2 Large Enterprise Market Revenue, and Forecast to 2030 (US$ Million)
9.2 SMEs
- 9.2.1 Overview
- 9.2.2 SMEs Market Revenue, and Forecast to 2030 (US$ Million)

10. South & Central America Real Time Production Monitoring Market Analysis - Industry

10.1 Process Manufacturing
- 10.1.1 Overview
- 10.1.2 Process Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Discrete Manufacturing
- 10.2.1 Overview
- 10.2.2 Discrete Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)

11. South & Central America Real Time Production Monitoring Market - Country Analysis

11.1 Overview
- 11.1.1 South America Real Time Production Monitoring Market Revenue and Forecasts and Analysis - By Country
  - 11.1.1.1 South & Central America Real Time Production Monitoring Market Revenue and Forecasts and Analysis - By Country
  - 11.1.1.2 Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.2.1 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Component
    - 11.1.1.2.2 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Deployment
    - 11.1.1.2.3 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
    - 11.1.1.2.4 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Industry
  - 11.1.1.3 Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.3.1 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Component
    - 11.1.1.3.2 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Deployment
    - 11.1.1.3.3 Argentina South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
    - 11.1.1.3.4 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Industry
  - 11.1.1.4 Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
    - 11.1.1.4.1 Rest of SAM South & Central America Real Time Production Monitoring Market Breakdown by Component
    - 11.1.1.4.2 Rest of South & Central America South & Central America Real Time Production Monitoring Market Breakdown by Deployment
    - 11.1.1.4.3 Rest of South & Central America South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
    - 11.1.1.4.4 Rest of South & Central America: South & Central America Real Time Production Monitoring Market Breakdown by Industry

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 New Product Development

14. Company Profiles

14.1 Capgemini SE
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Oracle Corp
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Hitachi Ltd
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Rockwell Automation Inc
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Siemens AG
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Dassault Systemes SE
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Aspen Technology Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Infosys Ltd
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 sedApta Srl
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 General Electric Co
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About the Insight Partners
15.2 Word Index