World Manufacturing Analytics Market to See 21.9% CAGR to 2022, States OMR in Its Topical Research Report Available at MarketPublishers.com
23 Oct 2017 • by Natalie Aster
LONDON – The world manufacturing analytics market is projected to see a 21.9% CAGR through to 2022. Data analytics is into various other industrial sectors, including insurance (BFSI), banking, e-commerce, FS, amid others. Although, rising pressures to comply with federal norms, supply chain needs, and world competition, decrease production cost, and enhance operating revenue has witnessed a high uptake of data analytics in the manufacturing industry.
Current methods to analyse manufacturing process data are melting into thin air owing to soaring manifold industry data sources like images, in-factory databases, amid others. And this has led to an enhanced demand for big data analytics in the manufacturing domain, which acts as one of the strongest growth drivers of the world manufacturing analytics marketplace. Further, increasing demand to optimise business processes and make them more scalable and agile is further contributing to this market growth.
Meantime, complicated operation and low RoI from manufacturing analytics tools represent the major hindrances for the market growth. In addition, technical restraints associated with cloud deployment like data security and privacy will likely limit the global market growth. With a big pool of manufacturing industries still remaining unaware of the needs and requirements of big data analytics to boost operational income, specifically in developing economies of China, India, and Brazil, this provided robust growth opportunity for the software tool makers. The development of cost-effective and reasonably priced manufacturing analytics tools to satisfy the demand of small and medium businesses is opening up an opportunity for the market.
In-demand research report “Global Manufacturing Analytics Market Research and Forecast, 2017-2022” elaborated by OMR is aimed at exploring the market on a global level.
The study examines the market based on application, type, deployment model, end-use sector, and region-wise. It offers an exhaustive analysis of macro and micro factors affecting the market accompanied by major recommendations, gives an analysis of regulations across the regions and other government policies impacting the global manufacturing analytics market. The research study sheds light on the market forces stimulating the world manufacturing analytics market; examines the market segments including a regional distribution of projected revenues. The report presents granular profiles and up-to-the-minute developments of the market players. Extensive forecasts of the market development are at hand in the research, too.
More in-demand research reports by Orion Market Research can be found at its page.