What is the current Manufacturing Analytics Market size?

The Manufacturing Analytics Market is projected to register a CAGR of 24% during the forecast period (2024-2029) Read More

Who are the key players in Manufacturing Analytics Market?

SAP SE, Oracle Corp., SAS Institute Inc., salesforce.com Inc. (Tableau Software Inc.) and TIBCO Software Inc. are the major companies operating in the Manufacturing Analytics Market. Read More

Which is the fastest growing region in Manufacturing Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Manufacturing Analytics Market?

In 2024, the North America accounts for the largest market share in Manufacturing Analytics Market. Read More

What years does this Manufacturing Analytics Market cover?

The report covers the Manufacturing Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Manufacturing Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Manufacturing Analytics Market Trends

Statistics for the 2023 & 2024 Manufacturing Analytics market trends, created by Mordor Intelligence™ Industry Reports. Manufacturing Analytics trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Manufacturing Analytics Industry

This section covers the major market trends shaping the Manufacturing Analytics Market according to our research experts:

Automotive Sector is Expected to Grow at a Significant Rate

The automotive industry is currently transitioning towards a more data-driven industry to avoid the costs associated with faulty assembly, over inventory stocking, and can plan for the maintenance of the assembly lines more accurately. It has all been possible due to the adoption of predictive analytics in the industry.
With the emergence of industry IoT, a networked system, M2M communication the automotive industry is positioning itself towards industry 4.0 ready. Sensors, RFIDs, barcode readers, and robots are now standard in the industry’s manufacturing floor. These devices have increased the data generation points exponentially.
Big data analytics, especially with the advancement of predictive analytics, is a growing at a tremendous rate and helps in centralizing the data across multiple sites so that the consistency of data is achieved during the manufacturing workflow across the automotive sector.

Understand The Key Trends Shaping This Market

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North America is Expected to be the Largest Market

North America is the leading market due to increasing focus on innovations, as well as ongoing research, and development in manufacturing analytics technology for stable economic growth in the US and Canada.
The early adoption of these tools among the manufacturing sector is an important factor behind the growth of the market in North America. With the significant presence of manufacturing sector especially heavy industries across the region is expected to be the front-runners in the growth of manufacturing analytics market.
Moreover, the presence of some the prominent players of the manufacturing analytics market such as SAP SE, IBM Corporation, General Electric Company, TIBCO Software, among others across the North America region is driving the growth of the market during the forecast period.