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Europe Real Time Production Monitoring Market Forecast to 2030 - Regional Analysis - By Component (Solution and Services), Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprise and SMEs), and Industry (Process Manufacturing and Discrete Manufacturing)

February 2024 | 100 pages | ID: E8B2EB735E77EN
The Insight Partners

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The Europe real time production monitoring market was valued at US$ 1,212.89 million in 2022 and is expected to reach US$ 2,830.93 million by 2030; it is estimated to grow at a CAGR of 11.2% from 2022 to 2030.
Need for Energy Efficiency Fuel the Europe Real Time Production Monitoring Market
Various organizations globally are planning for energy efficiency. Energy efficiency improvement and the usage of renewable energy receive the most attention in the International Energy Agency's (IEA) Sustainability Development Scenario (SDS), which focuses on reducing CO2 and methane emissions. By 2050, the goal is to use energy efficiency and renewable energy to meet 80% of the Paris Agreement's C02 emission reduction targets, with the remaining 10% coming from other sources, such as lowering upstream oil and gas activities, methane, nuclear power, carbon capture, fuel switching, and the least efficient coal power. Various enterprises might be inefficient in energy utilization as it has scalable operations. When it comes to cost-effective production, energy costs have become a deciding factor. Thus, several players across the globe are providing flexible energy management and production monitoring systems for enterprises. For instance, ABB Ltd. provides a software system solution called the Energy Monitor app, which was created for commercial use in energy-intensive sectors and manufacturing operations. Thus, the increasing need for energy efficiency is expected to provide an opportunity for the Europe real-time production monitoring market, as it streamlines several other business procedures.
Europe Real Time Production Monitoring Market Overview
The Europe real time production monitoring market in Europe is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Technologies such as cloud computing, IoT, edge computing, AI, and others contribute to achieve sustainability goals in areas such as manufacturing and others. In addition, the region is focused on launching smart factories that adopt smart manufacturing solutions to maximize their production output with the real time insight gained from the information by the machineries and operations. In October 2021, Boehringer Ingelheim International GmbH opened a high-tech tablet production facility in Ingelheim with an investment of US$ 104.41 million (EUR 90 million) to modernize the production. Moreover, the market players in Europe are expanding their businesses across the world, which has helped them gain more customers of smart factory solutions, which fuels their revenue. In June 2019, Schneider Electric launched the first smart factory in the US to provide solutions to the end users, machine builders, and partners and implement IIoT integration strategies resulting in increased operational efficiency. The company stated that the factory helps its customers automate their manufacturing facilities. Thus, modernizing and digitalizing the factories helps network all the machines and equipment with the help of IoT devices. The real time insights from continuous data generation during the production process help the manufacturers have a competitive advantage in the market over the other market players, which fuels the adoption of real time production monitoring solutions. Therefore, the launch of smart factories and business expansion by market players fosters the Europe real time production monitoring market growth in Europe.
The European Union supports the development of several technological solutions in Europe with research and innovation actions under the Horizon 2020 program, Digital Europe Programme (DIGITAL). European Union-funded projects accelerate the adoption of digital solutions among businesses to foster their business growth. Thus, favorable government initiatives and increasing digitization are among the key factors enhancing the implementation of real time production monitoring solutions in Europe.
Europe homes major real time production monitoring market players, which fuels the Europe real time production monitoring market growth in the region. Capgemini SE, Siemens AG, Dassault Systemes SE, intouch monitoring Limited, and Matics Manufacturing Analytics Ltd are a few market players operating across Europe.
Europe Real Time Production Monitoring Market Revenue and Forecast to 2030 (US$ Million)
Europe Real Time Production Monitoring Market Segmentation
The Europe real time production monitoring market is segmented based on component, deployment, enterprise size, industry, and country.
Based on component, the Europe real time production monitoring market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By deployment, the Europe real time production monitoring market is bifurcated into on-premise and cloud. The on-premise segment held a larger share in 2022.
By enterprise size, the Europe real time production monitoring market is bifurcated into large enterprise and SMEs. The large enterprise segment held a larger share in 2022.
By industry, the Europe real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The discrete manufacturing segment held a larger share in 2022.
Based on country, the Europe real time production monitoring market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Germany dominated the Europe real time production monitoring market in 2022.
Aspen Technology Inc, Capgemini SE, Dassault Systemes SE, General Electric Co, Hitachi Ltd, Infosys Ltd, Oracle Corp, Rockwell Automation Inc, sedApta Srl, and Siemens AG are some of the leading companies operating in the Europe real time production monitoring market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. EUROPE REAL TIME PRODUCTION MONITORING MARKET LANDSCAPE

4.1 Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 List of Vendors in Value Chain

5. EUROPE REAL TIME PRODUCTION MONITORING MARKET - KEY INDUSTRY DYNAMICS

5.1 Europe Real Time Production Monitoring Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Advent of Industry 4.0
  5.2.2 Increase in Use of Predictive Maintenance Across Industries
  5.2.3 Focus on Maximizing Production Capacity
5.3 Market Restraints
  5.3.1 Cost Constraints in Deploying Solutions in SMEs
  5.3.2 Possibility of Data Theft Through Manufacturing Execution System (MES)
5.4 Market Opportunities
  5.4.1 Integration of Real-Time Production Monitoring Solution with ERP Systems
  5.4.2 Need for Energy Efficiency
5.5 Future Trends
  5.5.1 Integration of Artificial Intelligence and Machine Learning in Manufacturing
5.6 Impact of Drivers and Restraints:

6. REAL TIME PRODUCTION MONITORING MARKET - EUROPE MARKET ANALYSIS

6.1 Europe Real Time Production Monitoring Market Revenue (US$ Million), 2022 - 2030
6.2 Europe Real Time Production Monitoring Market Forecast and Analysis

7. EUROPE REAL TIME PRODUCTION MONITORING MARKET ANALYSIS - COMPONENT

7.1 Solution
  7.1.1 Overview
  7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
  7.2.1 Overview
  7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. EUROPE REAL TIME PRODUCTION MONITORING MARKET ANALYSIS - DEPLOYMENT

8.1 On-Premise
  8.1.1 Overview
  8.1.2 On-Premise Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Cloud
  8.2.1 Overview
  8.2.2 Cloud Market Revenue, and Forecast to 2030 (US$ Million)

9. EUROPE REAL TIME PRODUCTION MONITORING MARKET ANALYSIS - ENTERPRISE SIZE

9.1 Large Enterprise
  9.1.1 Overview
  9.1.2 Large Enterprise Market Revenue, and Forecast to 2030 (US$ Million)
9.2 SMEs
  9.2.1 Overview
  9.2.2 SMEs Market Revenue, and Forecast to 2030 (US$ Million)

10. EUROPE REAL TIME PRODUCTION MONITORING MARKET ANALYSIS - INDUSTRY

10.1 Process Manufacturing
  10.1.1 Overview
  10.1.2 Process Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Discrete Manufacturing
  10.2.1 Overview
  10.2.2 Discrete Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)

11. EUROPE REAL TIME PRODUCTION MONITORING MARKET - COUNTRY ANALYSIS

11.1 Overview
  11.1.1 Europe Real Time Production Monitoring Market Revenue and Forecasts and Analysis - By Country
    11.1.1.1 Europe Real Time Production Monitoring Market Revenue and Forecasts and Analysis - By Country
    11.1.1.2 Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.2.1 Germany: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.2.2 Germany: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.2.3 Germany: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.2.4 Germany: Europe Real Time Production Monitoring Market Breakdown by Industry
    11.1.1.3 France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.3.1 France: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.3.2 France: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.3.3 France: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.3.4 France: Europe Real Time Production Monitoring Market Breakdown by Industry
    11.1.1.4 Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.4.1 Italy: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.4.2 Italy: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.4.3 Italy: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.4.4 Italy: Europe Real Time Production Monitoring Market Breakdown by Industry
    11.1.1.5 UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.5.1 UK: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.5.2 UK: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.5.3 UK: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.5.4 UK: Europe Real Time Production Monitoring Market Breakdown by Industry
    11.1.1.6 Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.6.1 Spain: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.6.2 Spain: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.6.3 Spain: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.6.4 Spain: Europe Real Time Production Monitoring Market Breakdown by Industry
    11.1.1.7 Rest of Europe: Europe Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
      11.1.1.7.1 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Component
      11.1.1.7.2 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Deployment
      11.1.1.7.3 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
      11.1.1.7.4 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Industry

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative
13.3 New Product Development

14. COMPANY PROFILES

14.1 Capgemini SE
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Oracle Corp
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Hitachi Ltd
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 Rockwell Automation Inc
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Siemens AG
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Dassault Systemes SE
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 Aspen Technology Inc
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Infosys Ltd
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 sedApta Srl
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 General Electric Co
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About the Insight Partners
15.2 Word Index


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