1. Market Research
  2. > Information Technology Market Trends
Production Monitoring Market by Component, Solution, Service, Organization Size, Industry And Region - Global Forecast to 2023

Production Monitoring Market: Global Forecast until 2023

  • October 2018
  • 189 pages
  • ID: 5605403
In this report:
The electronics and semiconductors vertical is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at the highest CAGR of ##.##% during the forecast period.
The pharmaceutical and life sciences vertical is expected to grow from USD ##.## million in 2018 to USD ##.## million by 2023, at a CAGR of ##.##% during the forecast period.

Summary

Table of Contents

Search Inside

The overall production monitoring market size to grow at a compound annual growth rate (CAGR) of 9.8% during the forecast horizon

The overall production monitoring market size is forecasted to grow from $4.00B in 2018 to $6.40B by 2023, at a Compound Annual Increase rate of 9.80 percent during the forecast period. Main increase factors for the sector contain increasing demand for industrial automation in the manufacturing market, servitization in manufacturing, need for centralized monitoring and predictive maintenance, and increase of sector 4.0. However, data security concerns and privacy issues could restrain the market increase.

Services component segment to grow at a better compound annual growth rate during the outlook period

Services are considered an important component of the production monitoring market, as they mainly focus on improving business processes and optimizing the production management of manufacturing firms. Services are considered as the backbone of the production monitoring software ecosystem, as they are instrumental in fulfilling end-users' and clients' custom requirements.

North America continent to hold the biggest industry size, and Asia-Pacific to grow at the maximal rate during the estimate period.

North America (NA) is anticipated to be the biggest contributor to the production monitoring market in terms of market size, as it is a technologically advanced area.Regions in this zone have sustainable and well-established economies, which enable them to strongly invest in Research&development activities, thereby contributing to the development of new technologies.

Due to the early adoption of trending technologies, including IoT, big data, DevOps, and mobility, manufacturers are keen to adopt new advanced technologies for their production process.North American countries have developed infrastructure and skilled workforce, which help production monitoring solution providers offer 24/7 support and maintenance to their clients.

This factor assures manufacturers to rely on production monitoring solutions and focus on growing their operational revenues.

Asia Pacific (APAC) is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.Territories in this area are anticipated to record high increase rates in the production monitoring market.

The territory has witnessed advanced and dynamic adoption of new technologies.On top of, it is taking aggressive initiatives to growth its IT infrastructure and enable commercial users to take cutting-edge technologies.

With a lower level of entrenched processes than their American or European counterparts, Asian manufacturing businesses have a greater ability to alter their operations. By integrating and adopting new technologies, firms can reduce their operating costs and rise efficiency across every market.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the production monitoring marketplace.

• By company category: Tier 1: 25.0 percent, Tier 2: 25.0 percent, and Tier 3: 50.0 percent

• By description: C-suite executives: 50.0 percent, and Others 50.0 percent

• By area: North America continent: 25.0 percent, Europe (EU): 50.0 percent, and Asia-Pac: 25.0 percent

Main vendors in the overall production monitoring market contain Capgemini, Infosys, Oracle Corporation (NYSE:ORCL), Hitachi, Siemens, Verizon, Emerson, Rockwell Automation (NYSE:ROK), AspenTech, Schlumberger, IQMS, sedApta, Softweb Solutions, ORDINAL Software, Infinity QS, TESAR, PCE Instruments, LineView, Monnit, Coesia, RT Engineering, Cannon Automata, Intouch Monitoring, PetroDAQ, and Vertech.

Segment Research

The study includes an detailed competitive review of main actors in the overall production monitoring market, together with their company descriptions, recent evolutions, and key industries strategies. The document breaks down the overall production monitoring market by component (solutions and services), service (professional and managed), application area, deployment type, organization size, market (process and discrete manufacturing), and area.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global production monitoring market and the sub-segments.This industry report will facilitate partners distinguish the competitive landscape and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches.

The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Microsoft Ignite and Envision 2018: Continued Heavy Investment in Cloud Products

Microsoft Ignite and Envision 2018: Continued Heavy Investment in Cloud Products

  • $ 4500
  • October 2018

This IDC Market Perspective provides a recap of the Microsoft Ignite and Microsoft Envision events held the week of September 24, 2018. "Like its hyperscale cloud service providers competitors, Microsoft ...

North America Software-as-a-Service (SaaS) Market (2018-2023)

North America Software-as-a-Service (SaaS) Market (2018-2023)

  • $ 2499
  • October 2018

North America software-as-a-service (SaaS) marketSoftware-as-a-service (SaaS) is a kind of cloud computing in which a third-party provider manages applications and makes them accessible to consumers ove ...

Cloud's Impact on Meeting Manufacturing Business Objectives

Cloud's Impact on Meeting Manufacturing Business Objectives

  • $ 4500
  • October 2018

This IDC Perspective reports the worldwide manufacturing results from IDC's 2018 CloudView Survey of line-of-business cloud buyers and IT operations staff on cloud adoption rates, trends, and attitudes."It's ...


ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on