Manufacturing Analytics Market Size to Surpass US$ 60.5 Billion at 18.2% CAGR by 2032

IMARC Group's report titled "𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐛𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 (𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞, 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬), 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞𝐥 (𝐂𝐥𝐨𝐮𝐝-𝐛𝐚𝐬𝐞𝐝, 𝐎𝐧-𝐩𝐫𝐞𝐦𝐢𝐬𝐞𝐬), 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐌𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞, 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥 (𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐚𝐧𝐝 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬, 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫, 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥, 𝐀𝐮𝐭𝐨𝐦𝐨𝐛𝐢𝐥𝐞, 𝐇𝐞𝐚𝐯𝐲 𝐌𝐞𝐭𝐚𝐥 𝐚𝐧𝐝 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐", The global manufacturing analytics market size reached US$ 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 60.5 Billion by 2032, exhibiting a growth rate (CAGR) of 18.2% during 2024-2032.

𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐫𝐞𝐟𝐞𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/manufacturing-analytics-market/requestsample

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝐑𝐢𝐬𝐢𝐧𝐠 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐃𝐚𝐭𝐚 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧:

The rising focus on data integration and connectivity is impelling the growth of the market. In line with this, data is generated from a multitude of sources, including sensors, machines, and production lines. Furthermore, manufacturers are recognizing the value of harnessing this data for actionable insights. Analytics solutions enable the seamless integration of data from these diverse sources, providing a comprehensive view of operations. Besides this, manufacturers are investing in analytics platforms that can ingest, process, and analyze this data in real-time.

𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝟒.𝟎:

The increasing adoption of Industry 4.0 principles is contributing to the growth of the market. In line with this, Industry 4.0 encompasses the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), and automation, all of which generate huge amounts of data. In line with this, manufacturers are adopting Industry 4.0 to create smart factories where data-driven insights drive operational efficiency. Analytics plays a pivotal role in processing and interpreting the data generated by connected devices and systems. Additionally, analytics help in monitoring and optimizing complex production processes in real-time, resulting in improved quality control and resource utilization.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐌𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞:

The growing demand for predictive maintenance analytics to maximize asset utilization and minimize operational disruptions is offering a positive market outlook. Manufacturers are increasingly becoming aware that unplanned equipment downtime can lead to financial losses. Moreover, predictive maintenance leverages analytics to monitor equipment conditions and predict when maintenance is required. Apart from this, manufacturers are deploying sensors and IoT devices on machinery to collect data on factors like temperature, vibration, and performance. Analytics algorithms then analyze this data to detect early signs of equipment wear or potential failures.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Alteryx Inc.,
General Electric
International Business Machines Corporation
Oracle Corporation
SAP SE
SAS Institute Inc.
Sisense Inc.
Tableau Software LLC (Salesforce.com Inc.)
TIBCO Software Inc.
Wipro Limited and Zensar Technologies Ltd.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐭𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.imarcgroup.com/manufacturing-analytics-market

𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭:

Software
Services

Software represented the largest segment as it optimizes operations and enhances product quality.   

𝐁𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞𝐥:

Cloud-based
On-premises

On-premises accounted for the largest market share, which can be attributed to the rising focus on data security.

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

Predictive Maintenance
Inventory Management
Supply Chain Optimization
Others

Predictive maintenance holds the biggest market share due to the increasing need to reduce unplanned downtime, extend equipment lifespan, and optimize maintenance costs.

𝐁𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥:

Semiconductor and Electronics
Energy and Power
Pharmaceutical
Automobile
Heavy Metal and Machine Manufacturing
Others

The automobile exhibits a clear dominance in the market on account of the rising demand for enhanced production efficiency, quality control, and supply chain optimization.      

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

North America enjoys the leading position in the manufacturing analytics market, which can be accredited to the presence of advanced technological infrastructure with numerous manufacturing facilities.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Manufacturers are increasingly focusing on improving the quality of their products to meet the needs of individuals and maintain regulatory requirements. In addition, manufacturing analytics helps in identifying and addressing quality issues in real-time, reducing defects, and ensuring consistency in production. Besides this, the rising focus on product quality is bolstering the growth of the market.

Manufacturers are leveraging analytics to optimize their supply chain operations, ranging from demand forecasting to inventory management and logistics. Efficient supply chain management reduces costs and enhances overall operational resilience.

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩

𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐃𝐚𝐭𝐚 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/satellite-data-service-market

𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐏𝐎𝐒 𝐓𝐞𝐫𝐦𝐢𝐧𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/wireless-pos-terminals-market

𝐓𝐞𝐥𝐞𝐜𝐨𝐦 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/telecom-analytics-market

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/business-process-management-market

𝟑𝐝 𝐌𝐞𝐭𝐫𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/3d-metrology-market

𝐕𝐞𝐫𝐬𝐢𝐨𝐧 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/version-control-systems-market

𝐀𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐂𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/affective-computing-market

𝐓𝐚𝐠 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/tag-management-system-market

𝐒𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.imarcgroup.com/simulation-software-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

IMARC Group

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