Global Manufacturing Analytics Market to Reach US$ 60.5 Billion by 2032, Propelled by Rising Usage of Advanced Business Analytics

November 17, 2022 | Technology & Media

According to the latest report by IMARC Group, titled “Manufacturing Analytics Market Report by Component (Software, Services), Deployment Model (Cloud-based, On-premises), Application (Predictive Maintenance, Inventory Management, Supply Chain Optimization, and Others), Industry Vertical (Semiconductor and Electronics, Energy and Power, Pharmaceutical, Automobile, Heavy Metal and Machine Manufacturing, and Others), and Region 2024-2032”, the global manufacturing analytics market size reached US$ 12.8 Billion in 2023. Manufacturing analytics is a statistical tool that analyzes manufacturing data and information using rule-based methods to improve process efficiency, centralize production monitoring, offer real-time insights, and enhance customer service through the analysis of manufacturing data. By using manufacturing analytics software, various solutions can be developed which are smart, scalable, and can provide insight into processes and functions. These analytics use predictive analytics, big data analytics, operations data and event data, thus allowing users to better understand the process and make changes to business operations and quality. Consequently, various industries are adopting manufacturing analytics to gain a competitive edge due to its capability to provide contextual awareness and actionable insights in real time.

Global Manufacturing Analytics Market Trends:

The global market is majorly driven by the paradigm shift toward advanced analytics techniques from traditional business intelligence (BI) techniques. This can be attributed to the escalating demand for self-service access to centrally managed data for offering increased business agility and scalability. In line with this, the increasing adoption of on-demand or cloud-based manufacturing analytics solutions with an enhanced focus on product design and development is propelling the market. Moreover, the rapid utilization of these analytics in process optimization for faster responses to machine level and maintenance issues is also providing an impetus to the market. Continual technological developments in analytics software, along with the incorporation of the industrial internet of things (IIoT), artificial intelligence (AI) and radio frequency identification (RFID), are further impacting the market positively. Some of the other factors contributing to the market include a considerable rise in the volumes of structured and unstructured manufacturing data, rapid digitization, the emergence of Industry 4.0, the penetration of high-speed internet and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 60.5 Billion by 2032, exhibiting a CAGR of 18.2% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into software and services.
  • On the basis of the deployment model, the market has been divided into cloud-based and on-premises.
  • Based on the application, the market has been categorized into predictive maintenance, inventory management, supply chain optimization, and others.
  • On the basis of the industry vertical, the market has been classified into semiconductor and electronics, energy and power, pharmaceutical, automobile, heavy metal and machine manufacturing, and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Alteryx Inc., General Electric, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software LLC ( Inc.), TIBCO Software Inc., Wipro Limited, and Zensar Technologies Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Deployment Model, Application, Industry Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alteryx Inc., General Electric, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software LLC ( Inc.), TIBCO Software Inc., Wipro Limited and Zensar Technologies Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Manufacturing Analytics Market to Reach US$ 60.5 Billion by 2032, Propelled by Rising Usage of Advanced Business Analytics
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More