Manufacturing Analytics Market by Type & Application - Global Forecast 2021 | MarketsandMarkets™


Posted March 18, 2019 by dheerajpawar7359

The manufacturing analytics market size is estimated to grow from USD 3.14 Billion in 2016 to USD 8.45 Billion by 2021

 
According to the new market research report "Manufacturing Analytics Market by Type (Solution & Services), Applications (Asset Management, Inventory Management, Emergency Management, Supply Chain Planning, Sales & Marketing Management, & Others), Industry Vertical, Regions - Global Forecast to 2021", The manufacturing analytics market 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%.

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[135 Pages Report] 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.

Browse and in-depth TOC on “Manufacturing Analytics Market”
74 - Tables
47 - Figures
135 - Pages

Energy management application to grow at the highest CAGR

Manufacturing analytics solutions are used for various applications such as energy management, asset management and predictive maintenance, emergency management, inventory management, and supply chain, and procurement. Energy management is expected to witness the highest CAGR during the period 2016-2021 among all applications because of the increasing adoption of smart grid and smart energy technologies across manufacturing organizations.

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Electronics equipment manufacturing vertical to have the largest market size in 2016

The manufacturing analytics market is also segmented by various industry verticals, out of which the adoption of manufacturing analytics is expected to be the largest in the electronics equipment manufacturing verticals as the demand for electronics devices, including smartphones, and computer systems, is increasing day by day.

North America is expected to dominate the manufacturing analytics market during the forecast period

North America is expected to hold the largest share of the manufacturing analytics market in 2016 due to the technological advancements and early adoption of analytics in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across manufacturing industry in APAC countries, especially India, China, and Japan.

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Issued By MarketsandMarkets™ INC.
Business Address 630 Dundee Road Suite 430
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Categories Research , Technology
Tags manufacturing , manufacturing analytics , manufacturing analytics market
Last Updated March 18, 2019