Manufacturing Analytics Market Trends Size Outlook, COVID19 Impact on Industry, Share Value, Global Growth Drivers and Industry Forecast to 2027
Manufacturing Analytics Market Segments
Scenario:
The COVID-19
pandemic disruption is estimated to transform the Manufacturing Analytics Market Segments in the years to come
drastically, and its after-effects will be persistently seen in the years
ahead. The MRFR report on the Manufacturing
Analytics Market Segments meticulously tracks the
COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of
drivers and restraints in a post-COVID-19 market offers a coherent
understanding of future growth cues.
The demand for
cloud-based Manufacturing
Analytics Market Segments, considering their time-efficient features
and affordability, has risen exponentially across enterprises that are in
constant need for low cost solutions. The need for manufacturing analytics
solutions has shot up in the food and beverages industry, as a result of rising
expectations for better quality as well as quantity of products at minimum expense.
This is viewed as an attractive opportunity for the renowned players in the
manufacturing analytics industry.
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Competitive Outlook:
Some of the
eminent contenders profiled in the market review include Wipro Limited (India),
Oracle Corporation (U.S.), SAP SE (Germany), 1010Data (U.S.), Zensar
Technologies Ltd. (India), Dell Statsoft (U.S.), Tibco Software (U.S.), Alteryx
(U.S.), IBM Corporation (U.S.), Tableau Software (U.S.), Computer Science
Corporation (U.S.), SAS Institute (U.S.), and more.
Segmentation:
· For enhanced understanding, the global Manufacturing Analytics
Market Segments has been segregated into 6 categories, namely component,
deployment, application and vertical.
· The market segmentation with respect to component comprises
services as well as software.
· Deployment-wise segments covered in the market study are on demand
and on premise.
· Application areas of manufacturing analytics include Inventory
Management, Predictive Maintenance & Asset Management, Emergency
Management, Energy Management, Supply Chain Planning & Procurement, Sales
& Customer Management and others.
· Verticals extensively deploying manufacturing analytics solutions
and services include food & beverages, pharmaceuticals & life sciences,
chemicals, automotive, aerospace, industrial, electronics, and more.
Regional
Analysis:
North America
can remain the most lucrative market in the following years, with the U.S and
Canada expected to be the top-performing countries. The Manufacturing Analytics
Market Segments in the region is thriving on the back of a huge number of
renowned companies like Tableau Software, SAS Institute, Oracle Corporation,
Tibco Software, Computer Science Corporation, Dell Statsoft and IBM Corporatio,
to name a few. The U.S. market is observing noteworthy growth, thanks to the
escalating demand for process optimization across enterprises. However, since
the region is manufacturing-driven, the impact of SARS-CoV-2 has been quite
significant on all the industries. For example, automobile giants like Ford,
Fiat Chrysler and General Motors had to shut down their manufacturing plants to
contain the spread of the pandemic.
With the fastest
expansion rate, the APAC market can possibly benefit from the high uptake of
Industrial IoT or IIoT, mounting need for process optimization, and growing
investments in big data for manufacturing. Moreover, post COVID-19 outbreak, more
and more enterprises have collaborated with specialists and professional
service providers to achieve technical benefits as well as analytics
capabilities that can help them build optimum operational framework. These
kinds of collaborations and similar strategies can bolster the Manufacturing
Analytics Market Segments in the region.
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Table
of Contents:
Continued….
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