According to Verified Market Intelligence, the Global Manufacturing Analytics Market was valued at USD 3.25 billion in 2016 and is projected to reach USD 19.47 billion by 2025, growing at a CAGR of 22.01% from 2017 to 2025.
With growing advancement in terms of technology, the number of manufacturers in various industries are also increasing. This demands for a tool which can manage the data regarding various business processes and production units. Manufacturing analytics can thus be adopted as a statistical tool by various manufacturers in order to access the data and carry out business statistical analysis. Manufacturing analytics is an integration of big data analytics and business related data which can be accessed remotely. This also encrypts aspects such as safety security management and cyber security analytics.
Get | Download FREE Sample Copy @ https://www.verifiedmarketresearch.com/download-sample/?rid=1882&utm_source=PR&utm_medium=Amol
The emergence of industrial IoT has helped the global manufacturing analytics market grow along with the growing need for advanced data management strategies across manufacturing applications. Apart from this, data security & privacy concerns, as well as lack of technical proficiency in the field of manufacturing analytics, might hinder the overall market growth of global manufacturing analytics market.
The major players in the market are as follows:
1. SAS Institute, Inc.
2. Computer Science Corporation
3. IBM Corporation
4. SAP SE
5. Tableau Software
6. 1010data, Inc.
7. Tibco Software, Inc.
8. Statsoft, Inc.
9. Zensar Technologies Ltd.
10. Oracle Corporation
11. Alteryx Inc.