Press release
Manufacturing Analytics Market will generate new growth opportunities 2024-2031
Manufacturing Analytics
The Research report on Manufacturing Analytics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
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Segmental Analysis
Component
Software, and Services
Application
Predictive Maintenance, Inventory Management, Supply Chain Optimization, and Others
Market Dynamics
Drivers
Increasing Adoption of Industrial IoT (IIoT) and Big Data Analytics
The growing implementation of IIoT devices and sensors in manufacturing processes generates a massive volume of data. Manufacturing analytics solutions play a crucial role in processing and analyzing this data to derive meaningful insights. In 2022, manufacturers are increasingly adopting IIoT and big data analytics to optimize their operations, improve quality control, reduce downtime, and enhance overall efficiency.
Focus on Predictive Maintenance
Predictive maintenance is gaining significant traction in the manufacturing industry as it enables proactive identification and resolution of potential equipment failures. By leveraging manufacturing analytics, manufacturers can monitor equipment health, predict maintenance requirements, and schedule maintenance activities accordingly. This approach helps in minimizing downtime, optimizing maintenance costs, and improving overall equipment effectiveness. In 2023, the emphasis on predictive maintenance as a driver of operational efficiency and cost savings is expected to fuel the demand for manufacturing analytics solutions.
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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa
Following are the players analyzed in the report
• Siemens AG (Germany)• IBM Corporation (US)• SAS Institute Inc. (US)• Oracle Corporation (US)• SAP SE (Germany)• Microsoft Corporation (US)• General Electric Company (US)• Cisco Systems, Inc. (US)• Intel Corporation (US)• Rockwell Automation, Inc. (US)• Teradata Corporation (US)• Hitachi, Ltd. (Japan)• PTC Inc. (US)• TIBCO Software Inc. (US)• Software AG (Germany)• Alteryx, Inc. (US)• Tableau Software (US)• QlikTech International AB (Sweden)• Splunk Inc. (US)• Honeywell International Inc. (US)
View report summary and Table of Contents (TOC): https://www.skyquestt.com/report/manufacturing-analytics-market
The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Manufacturing Analytics Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Manufacturing Analytics Market?
• What are the prominent market trends influencing the development of the Manufacturing Analytics Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Manufacturing Analytics Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (!) 351-333-4748
Visit Our Website: https://www.skyquestt.com/
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