Global Manufacturing Analytics Market


The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Global Manufacturing Analytics Market. The growth sectors of the Global Manufacturing Analytics Market are identified with precision for a better growth perspective.

Market Research Future (MRFR) projects substantial gains for the manufacturing analytics market 2020 at a high rate between 2017 and 2027 (assessment period). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.

Impact Analysis on COVID-19

The COVID-19 analysis by MRFR suggests that the manufacturing analytics market can benefit from the high rate of digital transformation, rising investments in analytics combined with the surging demand for location data and remote services, and the mounting need for real-time data to monitor and track the spread of novel coronavirus. The long-term impact of COVID-19 can be significant revenue loss, with the short term impact resulting in closing down of various manufacturing plants in the face of the lockdown situation. However, experts remain hopeful as the manufacturing analytics market is presumed to remain resilient, in line with emerging opportunities induced by COVID-19.

Primary Boosters and Key Deterrents

With the increasing need to find COVID-19 breakthrough, the healthcare industry is facing massive pressure to provide prophylactic, PPE, anti-viral drugs and ventilators around the world. Healthcare institutes make extensive use of advanced technologies, like analytics, machine learning and artificial intelligence (AI) to assess the complex data generated during the pandemic COVID-19 to bring down the virus’s impact.

The demand for cloud-based manufacturing analytics solutions, considering their time-efficient features and affordability, has risen exponentially across enterprises that are in constant need for low cost solutions. The need for manufacturing analytics solutions has shot up in the food and beverages industry, as a result of rising expectations for better quality as well as quantity of products at minimum expense. This is viewed as an attractive opportunity for the renowned players in the manufacturing analytics industry.

Some of the well-known players in the worldwide market are IBM Corporation (U.S.), Oracle Corporation (U.S.), SAS Institute (U.S.), Tibco Software (U.S.) and more. Post SARS-CoV-2, most of these vendors are more actively seeking innovative strategies such as partnerships, new product launches, mergers and acquisitions and collaborations to boost their offerings and their position in the manufacturing analytics market. To cite a reference, in May 2020, Tableau Software, a renowned analytics platform, launched Tableau 2020.2, which can deliver COVID-19 based data at county level, assess hospital data at an institution level and monitor data at date level, saving time while completing higher number of complex analysis. This can be quite relevant while evaluating the COVID-19 impact across the world.

Market Segmentation

For enhanced understanding, the global manufacturing analytics market has been segregated into 6 categories, namely component, deployment, application and vertical.

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