Manufacturing Analytics Market Scope and Size by 2031
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.
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Manufacturing Analytics Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Manufacturing Analytics Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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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 Report Scope
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global Manufacturing Analytics Market is expected to grow at a CAGR of 22.7% during the forecast period 2023 - 2031.
Industry 4.0 integration is one of the major factors driving the Manufacturing Analytics Market.
Growing emphasis on supply chain optimization is anticipated to play a significant role in the global Manufacturing Analytics Market in the coming years.
The leading players operating in the Manufacturing Analytics Market are ALTERYX INC, GrayMatter Software Services Pvt Ltd, International Business Machines Corporation, Oracle Corporation, Sisense Inc, SAP SE, SAS Institute Inc, TABLEAU SOFTWARE LLC, TIBCO Software Inc, and Wipro Limited.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Table of Contents
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Manufacturing Analytics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Manufacturing Analytics Market - By Component
3.2.2 Manufacturing Analytics Market - By Application
3.2.3 Manufacturing Analytics Market - By Deployment Type
3.2.4 Manufacturing Analytics Market - By Industry Vertical
3.2.5 Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Manufacturing Analytics Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 Manufacturing Analytics Market Analysis - Global
5.1 Global Manufacturing Analytics Market Overview
5.2 Global Manufacturing Analytics market forecast and analysis
6 Manufacturing Analytics Market Revenue and Forecasts to 2028 -Component
6.1 Overview
6.2 Component market forecast and analysis
6.3 Software Platform/Tools Market
6.3.1 Overview
6.3.2 Software Platform/Tools market forecast and analysis
6.4 Services Market
6.4.1 Overview
6.4.2 Services market forecast and analysis
7 Manufacturing Analytics Market Revenue and Forecasts to 2028 - Application
7.1 Overview
7.2 Application market forecast and analysis
7.3 Supply Chain Management
7.3.1 Overview
7.3.2 Supply chain management market forecast and analysis
7.4 Customer and Sales Management
7.4.1 Overview
7.4.2 Customer and sales management market forecast and analysis
7.5 Asset & Inventory Management
7.5.1 Overview
7.5.2 Asset & inventory management market forecast and analysis
7.6 Others
7.6.1 Overview
7.6.2 Others market forecast and analysis
8 Manufacturing Analytics Market Revenue and Forecasts to 2028 - Deployment Type
8.1 Overview
8.2 Deployment type market forecast and analysis
8.3 On-Premise deployment Market
8.3.1 Overview
8.3.2 On-Premise deployment market forecast and analysis
8.4 Cloud deployment Market
8.4.1 Overview
8.4.2 Cloud deployment market forecast and analysis
8.5 Hybrid deployment Market
8.5.1 Overview
8.5.2 Hybrid deployment market forecast and analysis
9 Manufacturing Analytics Market Revenue and Forecasts to 2028 - Industry Vertical
9.1 Overview
9.2 Industry Vertical market forecast and analysis
9.3 Industrial Equipment Manufacturing Market
9.3.1 Overview
9.3.2 Industrial Equipment market forecast and analysis
9.4 Automotive Manufacturing Market
9.4.1 Overview
9.4.2 Automotive market forecast and analysis
9.5 Electrical and Electronics Equipment Manufacturing Market
9.5.1 Overview
9.5.2 Electrical and Electronics market forecast and analysis
9.6 Medical and Pharma Manufacturing Market
9.6.1 Overview
9.6.2 Medical and Pharma market forecast and analysis
9.7 Others
9.7.1 Overview
9.7.2 Others market forecast and analysis
10 Manufacturing Analytics Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America Manufacturing Analytics market overview
10.1.2 North America Manufacturing Analytics market forecast and analysis
10.1.2.1 North America market forecast and analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.2.2 North America market forecast and analysis - By Component
10.1.2.3 North America market forecast and analysis - By Application
10.1.2.4 North America market forecast and analysis - By Deployment Type
10.1.2.5 North America market forecast and analysis - By Industry Vertical
10.2 Europe
10.2.1 Europe Manufacturing Analytics market overview
10.2.2 Europe Manufacturing Analytics market forecast and analysis
10.2.2.1 Europe market forecast and analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe market forecast and analysis - By Component
10.2.2.3 Europe market forecast and analysis - By Application
10.2.2.4 Europe market forecast and analysis - By Deployment Type
10.2.2.5 Europe market forecast and analysis - By Industry Vertical
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific Manufacturing Analytics market overview
10.3.2 Asia Pacific Manufacturing Analytics market forecast and analysis
10.3.2.1 Asia Pacific market forecast and analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.2.2 Asia Pacific market forecast and analysis - By Component
10.3.2.3 Asia Pacific market forecast and analysis - By Application
10.3.2.4 Asia Pacific market forecast and analysis - By Deployment Type
10.3.2.5 Asia Pacific market forecast and analysis - By Industry Vertical
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa Manufacturing Analytics market overview
10.4.2 Middle East and Africa Manufacturing Analytics market forecast and analysis
10.4.2.1 Middle East and Africa market forecast and analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.2.2 Middle East and Africa market forecast and analysis - By Component
10.4.2.3 Middle East and Africa market forecast and analysis - By Application
10.4.2.4 Middle East and Africa market forecast and analysis - By Deployment Type
10.4.2.5 Middle East and Africa market forecast and analysis - By Industry Vertical
10.5 South America (SAM)
10.5.1 South America Manufacturing Analytics market overview
10.5.2 South America Manufacturing Analytics market forecast and analysis
10.5.2.1 South America market forecast and analysis - By Countries
10.5.2.1.1 Brazil market
10.5.2.2 South America market forecast and analysis - By Component
10.5.2.3 South America market forecast and analysis - By Technology
10.5.2.4 South America market forecast and analysis - By Application
10.5.2.5 South America market forecast and analysis - By Deployment Type
10.5.2.6 South America market forecast and analysis - By Industry Vertical
11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios
12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market positioning/ market share
13 Manufacturing Analytics Market, Key Company Profiles
13.1 IBM Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 TIBCO Software, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Tableau software, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SAS Institue, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Oracle Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SAP SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Robert Bosch GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Genpact
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Wipro Ltd.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Tata Consulting Services Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14 Appendix Analytics
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
Companies List
- Tata Consulting Services Ltd.
- Wipro Ltd.
- Genpact
- Robert Bosch GmbH
- SAP SE
- Oracle Corporation
- SAS Institue, Inc.
- Tableau software
- TIBCO Software, Inc.
- IBM Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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