A recent report by MarketResearchReports.biz., titled, “Manufacturing Analytics Market: Global Industry Analysis and Opportunity Assessment 2017-2027,” discusses about the various growth factors driving this market. It presents a comprehensive overview combining both the drivers and restrains that may occur in the coming years. It also provides in-depth analysis, statistics and facts on this market. To have a better understanding about the regional growth and existing market competition has also been illustrated in the report.
Manufacturing analytics is tools that helps in improving various business processes and increases production quality. Various manufacturing companies are now employing advanced tools and improved programmes, which includes supervisory control, lean manufacturing, Six Sigma, and data acquisition system (SCADA). Application of manufacturing analytics is seen in e-commerce, banking, financial services and insurance (BFSI), and similar others sectors. In addition, increasing generation data from the automation systems and networked industry equipment has further boosted the demand for manufacturing analytics. Furthermore, manufacturing analytics helps in gathers data from programmable logic controllers (PLC’s), geographically distributed resources, historians. These factors will provide organized and modeled analysis.
However, low returns on investment and complex operation by using manufacturing analytics tools might restrict the growth of this market. Various technical constraints such as privacy, data breach in cloud deployment are also expected to deter growth in this market.
After discussing various growth driver and restraining factors, the report throws light on the key segments in which the market is divided. The manufacturing analytics market is segmented on the basis of industry, type of deployment, and solution. Based on type of deployment, the market is bifurcated into cloud-based and on-premise. Out of these two,
With respect to geography, North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe are the key regions covered in the global manufacturing analytics market. Among these regions, North America is expected to lead the market due to the early adoption of these tools in the manufacturing sector. Europe is also likely to grow at a significant rate during the forecast period. Rising number of manufactures is employing these solutions in their manufacturing units, which is the prime growth factor for this market. On the other hand, Asia Pacific excluding Japan will also contribute at a higher growth rate in the manufacturing analytics market in the coming years.
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In order to understand prevailing competition in the market, the report also gives information on some of the leading players operating in the global manufacturing analytics market. The report presents strengthen and weaknesses of these companies and provides information about various strategies used by these players. Developing new products, innovation, expanding business through mergers, acquisitions, and partnership are some of the key strategies used by the leading players. Moreover, information provided in this section helps in gaining competitive edge and expanding their customer base. SAP SE, Wipro Limited, IBM Corporation, General Electric Company, Inc., Sisense, Inc., Zensar Technologies Ltd., Oracle Corporation, TIBCO Software, and Gemini Software solutions Pvt. Ltd. are some the leading players functioning in the global manufacturing analytics market.