Manufacturing Analytics Market Trends Scenario:
The demand for cloud-based Manufacturing Analytics Market Trends, considering their time-efficient features and affordability, has risen exponentially across enterprises that are in constant need for low cost solutions. The need for manufacturing analytics solutions has shot up in the food and beverages industry, as a result of rising expectations for better quality as well as quantity of products at minimum expense. This is viewed as an attractive opportunity for the renowned players in the manufacturing analytics industry.
The COVID-19 pandemic disruption is estimated to transform the Manufacturing Analytics Market Trends in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Manufacturing Analytics Market Trends meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
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Some of the eminent contenders profiled in the market review include Wipro Limited (India), Oracle Corporation (U.S.), SAP SE (Germany), 1010Data (U.S.), Zensar Technologies Ltd. (India), Dell Statsoft (U.S.), Tibco Software (U.S.), Alteryx (U.S.), IBM Corporation (U.S.), Tableau Software (U.S.), Computer Science Corporation (U.S.), SAS Institute (U.S.), and more.
- For enhanced understanding, the global Manufacturing Analytics Market Trends has been segregated into 6 categories, namely component, deployment, application and vertical.
- The market segmentation with respect to component comprises services as well as software.
- Deployment-wise segments covered in the market study are on demand and on premise.
- Application areas of manufacturing analytics include Inventory Management, Predictive Maintenance Asset Management, Emergency Management, Energy Management, Supply Chain Planning Procurement, Sales Customer Management and others.
- Verticals extensively deploying manufacturing analytics solutions and services include food beverages, pharmaceuticals life sciences, chemicals, automotive, aerospace, industrial, electronics, and more.
North America can remain the most lucrative market in the following years, with the U.S and Canada expected to be the top-performing countries. The Manufacturing Analytics Market Trends in the region is thriving on the back of a huge number of renowned companies like Tableau Software, SAS Institute, Oracle Corporation, Tibco Software, Computer Science Corporation, Dell Statsoft and IBM Corporatio, to name a few. The U.S. market is observing noteworthy growth, thanks to the escalating demand for process optimization across enterprises. However, since the region is manufacturing-driven, the impact of SARS-CoV-2 has been quite significant on all the industries. For example, automobile giants like Ford, Fiat Chrysler and General Motors had to shut down their manufacturing plants to contain the spread of the pandemic.
With the fastest expansion rate, the APAC market can possibly benefit from the high uptake of Industrial IoT or IIoT, mounting need for process optimization, and growing investments in big data for manufacturing. Moreover, post COVID-19 outbreak, more and more enterprises have collaborated with specialists and professional service providers to achieve technical benefits as well as analytics capabilities that can help them build optimum operational framework. These kinds of collaborations and similar strategies can bolster the Manufacturing Analytics Market Trends in the region.
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