Seattle, WA -- (SBWire) -- 08/01/2017 --Manufacturing analytics is a set of advanced analytical tools that help in generating insights from historical and present process data and identifying relationships and patterns from various manufacturing processes. The manufacturing analytics market size is estimated to grow from USD 3.14 Billion in 2016 to USD 8.45 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.9% from 2016 to 2021. 2015 is considered to be the base year while the forecast period is 2016 to 2021.
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The objective of the report is to define, describe, and forecast the manufacturing analytics market on the basis of types, services, applications, deployment models, industry verticals, and regions and also to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
The research methodology used to estimate and forecast the manufacturing analytics market begins with capturing data on key vendor's revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments.
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The manufacturing analytics ecosystem comprises analytics vendors, such as SAS Institute (U.S.), Tableau Software (U.S.), Tibco Software (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Computer Science Corporation (U.S.), Dell Statsoft (U.S.), SAP SE (Germany), Zensar Technologies Ltd. (India), 1010Data (U.S.), and Alteryx (U.S.); service providers; system integrators; and enterprises. Other stakeholders of the manufacturing analytics market include analytics service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers.
The target audiences of the manufacturing analytics market report are
Solution vendors
OEMs
System integrators
Advisory firms
National regulatory authorities
Venture capitalists
Private equity groups
Investment houses
Equity research firms
"The study answers the several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments".
Manufacturing Analytics Market Worth 8.45 Billion USD by 2021
Manufacturing analytics market report categorizes the global market by type as solution & services, by applications as asset management, inventory management, emergency management, supply chain planning, sales & marketing management, by industry vertical and by regions."