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Manufacturing Analytics Market by Type , Applications , Industry Vertical, Regions - Global Forecast to 2021

Manufacturing Analytics Market: Global Forecast until 2021

  • June 2016
  • 137 pages
  • ID: 3903672
In this report:
North America, followed by Europe, is expected to continue being the largest revenue generating region for the manufacturing analytics vendors for the next five years.
Food and beverages manufacturing industry vertical is expected to witness the highest CAGR during the forecast period because of the increasing demand for food products across regions which results in higher amount of data generation.

Summary

Table of Contents

"Massive surge in structured and unstructured shop floor data is driving the rise"

MarketsandMarkets estimates the overall manufacturing analytics market to grow from ~$3.1B in 2016 to ~$8.4B by 2021, at a CAGR of 21.90 percent. The manufacturing analytics market is increasing quickly because of the transition from traditional Business Intelligence techniques to advanced analytics techniques and the massive surge of structured and unstructured shop floor data.

"Inventory Management application to have the biggest industry size in 2016"

Inventory management is projected to have the largest part of market share in 2016 as inventory cost is considered to be the biggest component in working capital for any manufacturer.

"Food and beverages manufacturing vertical to have the maximum growth rate during the estimate period"

Manufacturing analytics solutions have been deployed across different manufacturing industry verticals, including automotive and aerospace, food & beverages, electronics equipment, pharma & life sciences, and chemicals & materials. Food and beverages manufacturing sector vertical is expected to witness the top compound annual growth rate during the outlook period as a result of the growing demand for food products across territories which results in higher amount of data generation.

"North America (NA) is forecasted to hold the biggest market share"

North America continent, succeeded by Europe (EU), is anticipated to continue being the biggest revenue generating area for the manufacturing analytics vendors for the upcoming five years. This is primarily due to the presence of several developed economies including Canada and the U.S.A and because of the high focus on modernizations through analysis and development and technology across manufacturing market.

Comprehensive interviews were managed with CEOs, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the manufacturing analytics marketplace.

By Company category - Tier 1 20.0 percent, Tier 2 42.0 percent, Tier 3 38.0 percent

By Designation - C-Level - 55.0 percent, Director Level- 26%. Others- 19.0 percent

By area - North america (NA)- 47%, Europe - 32.0 percent, Asia-pac- 21%

The market research includes the study of top players offering manufacturing analytics software and services: SAS Institute , Tableau Software , Tibco Software , Oracle Corporation , IBM Corporation , Computer Science Corporation , Dell Statsoft , SAP SE , Zensar Technologies Ltd. , 1010Data , and Alteryx. Moreover, the industry report also comprises detailed competitive study of the main actors in the manufacturing analytics market, with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the market into several subsegments, covering this industry overall. The analysis offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers are further split across distinct manufacturing industry verticals and localities.

2. This industry report will facilitate in better understanding of the competitors and obtain additional insights to better one's position in the sector. There is a separate division on opposing landscape, which comprises competitor landscape, mergers and acquisitions, integrations and business developments, and collaborations of different market vendors. Also, there are company profiles of ten actors in this sector. In this part, industry internals are furnished that can put one ahead of the competitors.

3. The market research also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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