Major Vendors operating in Manufacturing Analytics Market are tableau software, Inc., StatSoft, Inc., QlikTech International AB, Tata Consulting Services Ltd., SAS Institue, Inc., Sisense Inc.
Get THe Sample : www.transparencymarketresearch.com/sample/sample.php?flag...
Manufacturing analytics market is segmented on the basis of deployment of manufacturing analytics software, service type and end-use industry. On the basis of software deployment type, manufacturing analytics market is further categorized as on-premise and hosted. On-premise manufacturing analytics tool allow installation and service of these software suite at client side. Mostly, on-premise manufacturing analytic tool require high cost of operation in comparison to the hosted model. Hosted model provide all the necessary services and hardware installments at provider’s end and stores data in cloud storage. This reduces overall total cost of operation (TCO) and improves bottom line of any manufacturing company. In terms of service type, manufacturer analytics market is further categorized into managed services and professional services. Professional services include installation, maintenance and consulting. As stated earlier that, data analytics was initially developed for specific industries; data analytics in various manufacturing verticals has started adopting these manufacturing analytics tools to boost their business growth. Thus, based on end-use industry, manufacturing analytics market is further segmented into automotive, electronic equipment and appliance manufacturing, heavy industries, food and beverage, and others (pharmaceutical and retail).
Present methods to analyze manufacturing process data are fading out due to increasing multiple industry data sources such as in-factory databases, images, sensor, among others have increased the demand for big data analytics in manufacturing. This factor is among the strongest growth drivers of manufacturing analytics market. Moreover, uprising demand to optimize business process and make them more agile and scalable is further paving the growth of manufacturing analytic software in manufacturing sector. However, complex operation and low return on investment from manufacturing analytics tools is hindering its market growth. Furthermore, technical constraints related with cloud deployment such as data security and privacy is likely to curb its market growth. With large pool of manufacturing industries still remain unaware with need of big data analytics to improve the operational profit especially in nascent economies such as China, India and Brazil; this provide strong business opportunity for the software tool manufacturers. Alongside this, development of low cost manufacturing analytics tools which can meet the demand of small and medium enterprises, showcases a huge market opportunity for the vendors.
On the basis of deployment model, cloud-based manufacturing analytics tools is likely to witness a strong growth in coming years. The low TCO and improving cloud security are expected to the key factors complementing the growth of cloud based manufacturing analytics tools. Presently, North America is likely to dominate the manufacturing analytics market. The early adoption of these tools among manufacturing sector is the prime factor behind the growth of this market in the region. However, with significant presence of manufacturing sector especially heavy industries, Asia Pacific region is expected to be the front-runners in the growth of manufacturing analytics market.
Browse the Report :www.transparencymarketresearch.com//manufacturing-analyti...
operating in manufacturing analytics market are tableau software, Inc., StatSoft, Inc., QlikTech International AB, Tata Consulting Services Ltd., SAS Institue, Inc., Sisense Inc., Predixion Software, Inc., SAP SE, IBM Corporation, General Electric Company, Wipro Ltd., Aegis Industrial Software Corporation, GEMINI Software Solutions Pvt. Ltd., and TIBCO Software, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Major Vendors operating in Manufacturing Analytics Market are tableau software, Inc., StatSoft, Inc., QlikTech International AB, Tata Consulting Services Ltd., SAS Institue, Inc., Sisense Inc. here
News-ID: 1538352 • Views: 178
More Releases from TMR
Marine Cables and Connectors Market: Growth Opportunities Rise as Telecommunicat …
With the leading ten companies collectively accounting only for about 50% of overall share, the vendor landscape of the global marine cables and connectors market hints at a high level of fragmentation and intense competition, observes Transparency Market Research in a recent report. Owing to the large number of companies in the market, competition is likely to remain intense in the next few years as well. Get The Sample Report :
Multiple Telecommunication Operators are Migrating Their Customers over the IP N …
According to a new market report published by Transparency Market Research the global cloud telephony services market is expected to reach a value of US$ 41,768.3 Mn by 2026 on account of cost reductions compared to traditional telephony systems. The market is projected to expand at a CAGR of 17.2% during the forecast period from 2018 to 2026. Increasing demand for enterprise mobility, mobile workforce, and multiple benefits offered
Telecom Cloud Market -Increasing Use of Cloud Computing in BFSI Industry to Boos …
The global telecom cloud market is fragmented due to the presence of numerous small and big players in the market, as observed by Transparency Market Research. Several small and large-scale enterprises are investing in telecom cloud solutions and services as the market is possess huge potential to grow in the near future. Moreover, professional service providers and system solutions developers and integrators across industries are establishing themselves firmly in the
Financial Services Market: Key Opportunities and Threats,Led By Top Vendors
Global Financial Services Market: Overview Efficiency in financial services is considered to be the backbone of any economy. Financial services indicate the socio-economic wellbeing of any country. With rapid globalization, financial service application providers are faced with the uphill task of providing the end-users with software and applications that are risk-free, compliant, and data driven. In modern times, the strength of a country is determined by how well it progresses financially.
More Releases for Manufacturing
Peanut Butter Manufacturing Unit
Peanut butter is a high calorie, high protein product manufactured by grinding peanuts. It is a good alternative for dairy butter and widely used as a bread spread. Peanut butter is popular amongst Americans, and it is a part of their daily breakfast. The demand for peanut butter is susceptible to consumer spending. As disposable income increases, the willingness of the people to purchase the peanut butter also increases. On
Solar Harvester Manufacturing Business
Solar Harvesters are used to store and process the energy emitted from the sun to produce electric energy collected for future use or consumptions. As it prevents carbon emissions, helps diversify the power generation mix, reduces dependence on fossil fuels, and can increase off-grid energy access; itis considered as a prominent source of energy. Estimation shows that if only 2% of the solar energy hitting the earth’s surface each day was
BANANA POWDER MANUFACTURING UNIT
The Banana Powder is the product that has attained much cognizance in the past few years owing to the increasing applicability in food processing, cosmetic and other industries. The banana powder is prepared by vacuum processing as well as the freeze-drying method. The increased production of the powder is favored by round the year availability of raw bananas in India as well as countries like China, Philippines, Ecuador, Brazil which
Experience intelligent connected manufacturing
Trebing + Himstedt will present numerous live demos, from 3-D worker instructions, to shop floor analytics, to predictive maintenance, at the Hannover Trade Fair 2016 Schwerin, March 8, 2016 – Trebing + Himstedt, SAP MES expert for consulting, implementation and licensing of SAP solutions in the production environment, presents practical example applications for intelligently connected production based on SAP MES and IoT solutions. Visitors to the Hannover Trade Fair can experience
Manufacturing in the City?
Urban manufacturing is not just good for companies What strategies and concepts are required to ensure city-based manufacturing gives all its stakeholders added value? The Urban Production innovation network brings Fraunhofer IAO together with partners to develop new approaches for urban manufacturing. Global trends such as the world’s growing population, ongoing urbanization and our increasing awareness that raw materials are a finite resource are forcing us to find ways to make
Interfaces for tomorrow’s manufacturing
A trend study identifies the potential for humans and technology to interact in a manufacturing environment Fraunhofer IAO has looked into the effects that developments in the field of manufacturing will have on the interface between humans and technology. The study highlights the potential for future-proof human-machine interfaces (HMIs) and discusses the challenges that will have to be overcome in designing tomorrow’s HMIs and HMI engineering tools. Human-machine interfaces (HMIs) are