PUBLISHER: Value Market Research | PRODUCT CODE: 1361811
PUBLISHER: Value Market Research | PRODUCT CODE: 1361811
The global demand for Manufacturing Analytics Market is presumed to reach the market size of nearly USD 60.45 MN by 2030 from USD 11.61 MN in 2022 with a CAGR of 22.9% under the study period 2023 - 2030.
Manufacturing analytics is used to gather data from local or geographically distributed sources and different data streams. The data collected by manufacturing analytics will enable users to understand better, improve, reinforce, and identify best practices. Manufacturing analytics is widely used by various manufacturing verticals such as aerospace and automotive manufacturing, food & beverages manufacturing, automotive and aerospace manufacturing, chemicals and materials manufacturing, electronics equipment manufacturing, pharmaceutical and life sciences, and paper, pulp, plastic & rubber manufacturing.
The use of analytics in various industries such as banking, retail, and others is well known, and the demand in the manufacturing sector is increasing to minimize operational costs and simplify supply-chain requirements to propel market growth. The rising demand for business process optimization and making manufacturing analytics more agile and scalable is surging the demand for the market. Moreover, the growing need for self-service access to centrally managed data, adoption of advanced data-management strategies across various manufacturing applications, and the emergence of the industrial internet of things (IIOT) are expected to drive market growth. However, a lack of integration and a skilled workforce may hinder the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of manufacturing analytics. The growth and trends of manufacturing analytics industry provide a holistic approach to this study.
This section of the manufacturing analytics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Manufacturing Analytics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the manufacturing analytics market include Solution Vendors, Oems, System Integrators, Advisory Firms, National Regulatory Authorities, Venture Capitalists, Private Equity Groups, Investment Houses, Equity Research Firms. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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