Adoption of digital twins for smart maintenance is driving U.S. manufacturing analytics market

P&S Intelligence published a new research report, titled, U.S. Manufacturing Analytics Market: Global Industry Analysis and Forecast till 2030, the manufacturers in the U.S. manufacturing analytics market are increasingly adopting virtualization software in order to gain competitive advantage and improve business operations. The virtualization software separates the applications from the physical hardware they run on and thus, switching to this software allows a huge number of virtual workloads to be handled simultaneously. This technology allows for an easy initial setup and also reduces the expenditure on physical hardware.

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The U.S. manufacturing analytics market was valued at $2.5 billion in 2019 and is expected to reach revenue of $14.1 billion by 2030, exhibiting a CAGR of 17.6% during the forecast period (2020-2030). The service category, under the solution segment, is predicted to witness faster growth in the market during the forecast period. This can be ascribed to the wide-scale adoption of analytics software by the manufacturers for quality management, inventory management, asset management, and predictive maintenance in order to reduce equipment downtime and improve operational efficiency.

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In addition to this, the virtualization software also plays a crucial role in addressing the lifecycle management issues, which further increases its need in the industry. The U.S. manufacturing sector is witnessing an increasing focus toward improving the supply chain management, primarily due to the growing awareness about supply chain management and the role played by it in reducing operational costs, improving customer satisfaction, and increasing the visibility and control over the inventory.

This market research report provides a comprehensive overview of the U.S. manufacturing analytics market

* Historical and the present size of the
* Future potential of the market through its forecast for the period 2020- 2030
* Major factors driving the market and their impact during the short, medium, and long
terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their
comparative future potential
* Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings

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