The Manufacturing Analytics Market is expected to register a CAGR of 22.7% during 2023–2031. Growing emphasis on supply chain optimization is likely to be a key trends in the market.
Manufacturing Analytics Market Analysis
- Manufacturing a product from scratch typically generates massive amounts of data. Manufacturing analytics helps to make sense of all this data by uncovering patterns and generating insights.
- These insights can help organizations improve the quality, delivery, customer experience—and ultimately, profitability of their products.
- One of the major benefits of Manufacturing Analytics is that supply chain analytics brings together data from different applications, infrastructure, third-party sources, and the newest technologies, such as IoT, to improve decision-making across the strategic, tactical, and operational processes that make up supply chain management.
Manufacturing Analytics Market Overview
- Manufacturing analytics refers to the utilization of data-analytical methods to derive meaningful insights from data captured during manufacturing. The application of manufacturing analytics helps to minimize losses from manufacturing downtime, maintain optimal planned maintenance schedules based on equipment usage and extend physical asset life.
- With the capabilities of manufacturing analytics to analyze data from sensors and in-process data from the production process, manufacturers can enhance operational efficiencies, lower costs and increase revenues.
Manufacturing Analytics Market Drivers and Opportunities
Industry 4.0 Integration
- The incorporation of technologies related to Industry 4.0, such as IoT, artificial intelligence, and advanced robotics, is a major factor driving the expansion of the manufacturing analytics market.
- Such integration allows the collection and analysis of huge amounts of real-time data from detectors and sensors linked to devices in a manufacturing process. This data can be used to improve process and equipment performance, forecast asset failures, optimise supply chain management and enhance the quality of the output.
Integration of predictive maintenance technology.
- There is a tremendous market opportunity for predictive maintenance in the manufacturing analytics area, where the core idea is to predict machine failures in advance, to adjust planning of maintenance activities and to carry out preventive actions rather than intrusive maintenance jobs.
- This approach reduces operating costs, improves overall equipment effectiveness, and drives the productivity of the overall operation. As delaying unplanned downtimes is seen as a competitive advantage, demand for predictive maintenance is rising.
- This is of particular importance to those manufacturers that are now pledging to become world class producers by mastering advanced approaches to process optimisation, reducing operational disruptions and managing complex assets.
Manufacturing Analytics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Manufacturing Analytics Market analysis are component, application, deployment type, and industry vertical.
- By component, the market is divided into software and services.
- By application, the market is divided into supply chain management, customer and sales management, inventory management, predictive maintenance, and others.
- By deployment type, the market is segmented into on-premise and cloud.
- By industry vertical, the market is segmented into electronics, automotive, oil and gas, pharmaceutical, food and beverage, and others.
Manufacturing Analytics Market Share Analysis by Geography
- The Manufacturing Analytics Market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Manufacturing Analytics Market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Manufacturing Analytics Market in these regions.
Manufacturing Analytics Market Regional Insights
The regional trends and factors influencing the Manufacturing Analytics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Manufacturing Analytics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Manufacturing Analytics Market
Manufacturing Analytics Market Report Scope
| Report Attribute |
Details |
| Market size in 2024 |
US$ XX million |
| Market Size by 2031 |
US$ XX Million |
| Global CAGR (2025 - 2031) |
22.7% |
| Historical Data |
2021-2023 |
| Forecast period |
2025-2031 |
| Segments Covered |
By Component By Application - Supply Chain Management
- Customer and Sales Management
- Inventory Management
- Predictive Maintenance
By Deployment Type By Industry Vertical - Electronics
- Automotive
- Oil and Gas
- Pharmaceutical
- Food and Beverage
|
| Regions and Countries Covered |
North America Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
|
| Market leaders and key company profiles |
ALTERYX INCGrayMatter Software Services Pvt LtdInternational Business Machines CorporationOracle CorporationSisense IncSAP SESAS Institute IncTABLEAU SOFTWARE LLCTIBCO Software IncWipro Limited |
Manufacturing Analytics Market Players Density: Understanding Its Impact on Business Dynamics
The Manufacturing Analytics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Manufacturing Analytics Market are:
- ALTERYX INC
- GrayMatter Software Services Pvt Ltd
- International Business Machines Corporation
- Oracle Corporation
- Sisense Inc
- SAP SE
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Manufacturing Analytics Market top key players overview
Manufacturing Analytics Market News and Recent Developments
The Manufacturing Analytics Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Manufacturing Analytics Market are listed below:
- EthonAI launched its Manufacturing Analytics System (MAS). The MAS is a suite of interoperating software applications designed to tackle the most challenging problems manufacturers face today. It helps manufacturers achieve operational excellence across various use cases, including quality control, root cause analysis, and material flow analysis. (Source: EthonAI, Press Release, June 2024)
- Rootstock Software, a recognized leader in the Manufacturing Cloud ERP space, announced the launch of Enterprise Insights, the new analytics solution. This analytics solution is designed to provide manufacturers with a complete view of their business so they can chart a course toward profitability, efficiency, and value throughout their operations. (Source: Rootstock Software, News, May 2023).
Manufacturing Analytics Market Report Coverage and Deliverables
The “Manufacturing Analytics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Manufacturing Analytics Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Manufacturing Analytics Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
- Detailed PEST/Porter’s Five Forces and SWOT analysis.
- Manufacturing Analytics Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Manufacturing Analytics Market.
- Detailed company profiles.