Manufacturing Analytics Market Analysis

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 29.41 billion by 2027. This is expected to foster both connectivities as well as digitization amongst the manufacturing enterprises. 

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. 

Market Segmentation

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. 

In May 2023, TEKsystems Global Services launches TEKsystems AMPGSTM Modern Manufacturing Analytics, a pre-built solution for the Manufacturing Data Cloud by Snowflake. This collaboration empowers manufacturers in various sectors to unlock and leverage critical industrial data for digital transformation. The Snowflake Manufacturing Data Cloud facilitates secure collaboration across the value chain, enhancing agility and visibility. TEKsystems, a Snowflake Elite Partner, contributes to industry 4.0 initiatives with AI-driven insights, addressing manufacturing challenges through improved data utilization and digitization. The solution enables faster innovation, better visibility, and cost reduction in manufacturing processes, emphasizing TEKsystems' commitment to embracing industry advancements.

In May 2023, Rootstock Software's Spring '23 Release introduces Enterprise Insights, a purpose-built analytics solution for manufacturing. It offers five modules, including sales, spend, inventory, manufacturing, and financial analytics, enhancing operational and financial decision-making.

In January 2023, Datanomix partners with Hexagon to provide its Automated Production Intelligence software to global manufacturing customers. Datanomix's No Operator Input approach simplifies production monitoring, offering automated benchmarks and real-time insights for enhanced efficiency, utilization, and continuous improvement. Hexagon's customers gain easier access to Datanomix's solution, with plans for joint development and integration of new data sources. The partnership aligns with Hexagon's vision for autonomous manufacturing and Datanomix's commitment to automated production insights. Hexagon will offer Datanomix's solution as part of its Production Software portfolio, catering to North American and European customers.

In January 2021, Quantzig launches an enhanced portfolio of industrial manufacturing analytics solutions to address sector challenges. Leveraging data-driven insights, the solutions optimize production, foster digital transformation, and achieve operational excellence for clients.

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

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