Technology & Media
The global manufacturing analytics market size reached US$ 12.8 Billion in 2023. As per the analysis by IMARC Group, the top manufacturing analytics companies are heavily investing in developing solutions that can collect and process data from sensors, IoT devices, and production equipment in real-time in an attempt to strengthen their position in the market. Along with this, top players are also implementing robust security measures to protect sensitive manufacturing data from unauthorized access, breaches, and cyber threats, which is creating a positive market outlook. Additionally, 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 catalyzing the industry. Moreover, the adoption of cloud-based analytics platforms is fuelling the market as cloud-based solutions offer scalability, flexibility, and cost-effectiveness, allowing manufacturers to leverage advanced analytics capabilities without significant upfront investments in infrastructure or software. Besides, manufacturing analytics enables manufacturers to monitor product quality in real-time and identify potential defects or quality issues. This is providing a boost to the market. Other factors, such as rapid industrialization, the rising utilization of automation in industrial processes, and the increasing volume of data, are among the leading factors are also influencing the market. On account of these factors, the market is expected to reach US$ 60.5 Billion by 2032, exhibiting a growth rate (CAGR) of 18.2% during 2024-2032.
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The global manufacturing analytics market has several major players Alteryx Inc., General Electric, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Sisense Inc., Tableau Software LLC (Salesforce.com Inc.), TIBCO Software Inc., Wipro Limited and Zensar Technologies Ltd. More information about these companies has been provided below.
Establishment: |
1997 |
Headquarters: |
California, United States |
Website: |
https://www.alteryx.com/ |
Alteryx Inc. is a software company that specializes in data analytics and data science. It provides a platform that enables organizations to access, clean, analyze, and visualize their data, allowing users to make data-driven decisions and gain insights. The company implements various initiatives, such as energy-efficient practices, recycling programs, and responsible resource management. Besides, it engages in philanthropic activities, supports local initiatives, and promotes employee volunteering programs. The company also works towards transparency by monitoring suppliers, promoting fair trade practices, and engaging in responsible sourcing of materials.
Establishment: |
1892 |
Headquarters: |
Massachusetts, United States |
Website: |
https://www.ge.com/ |
General Electric (GE) is a multinational conglomerate company with a diverse portfolio of businesses and operations. It offers a range of products and services, including medical imaging systems, digital solutions, patient monitoring devices, and healthcare consulting services. The company aims to reduce its environmental footprint, promote diversity and inclusion, and contribute to the communities in which it operates. It offers hydroelectric solutions and is involved in grid integration and energy storage technologies. Besides, the company offers energy management systems, smart grid technologies, and efficient lighting solutions to help customers reduce energy consumption and greenhouse gas emissions.
Establishment: |
1911 |
Headquarters: |
New York, United States |
Website: |
https://www.ibm.com/in-en |
International business machines corporation is a multinational technology company. It offers a wide range of products and services, including storage devices, microelectronics, middleware, operating systems, database systems, analytics, artificial intelligence, cloud computing, IT consulting, outsourcing services, infrastructure services, technical support, and professional services. The company is committed to supporting education and skills development to bridge the digital divide and promote workforce readiness. It has made significant investments in renewable energy, including the procurement of wind and solar power to power its data centers and facilities. Additionally, the company focuses on developing environmentally friendly products and services, promoting recycling, and responsible waste management practices.
Establishment: |
1977 |
Headquarters: |
California, United States |
Website: |
https://www.oracle.com/ |
Oracle Corporation is a multinational technology company specializing in developing and marketing cloud infrastructure, and hardware systems. The company also offers a wide range of software products, including database management systems, middleware, enterprise resource planning (ERP) software, customer relationship management (CRM) software, supply chain management (SCM) software, and human capital management (HCM) software. It is committed to corporate social responsibility and has implemented initiatives focused on education, sustainability, and community engagement. Besides, the company offers educational resources and programs to schools and universities, promoting computer science education and technology skills development. It has sustainability goals and initiatives to minimize its environmental impact, including energy efficiency, renewable energy adoption, and waste reduction efforts.
Establishment: |
1972 |
Headquarters: |
Walldorf, Germany |
Website: |
https://www.sap.com/l |
SAP SE is a multinational software corporation that specializes in enterprise software solutions. Its product portfolio includes enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), human capital management (HCM), business intelligence (BI), database management, and cloud services. It focuses on emerging technologies, such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), blockchain, and analytics to enhance its software offerings and provide value to its customers. Besides, the company heavily invests in research and development to drive innovation and stay at the forefront of technology. It focuses on areas such as education, entrepreneurship, diversity and inclusion, and environmental sustainability.
Establishment: |
1976 |
Headquarters: |
North Carolina, United States |
Website: |
https://www.sas.com/ |
SAS Institute Inc. is a software company that specializes in advanced analytics and business intelligence solutions. It offers various products and solutions, including SAS business intelligence, SAS Fraud and security intelligence, SAS customer intelligence, SAS data management, and SAS risk management. The company develops software solutions that enable organizations to measure, manage, and reduce their environmental impact. It also collaborates with partners and customers to promote sustainable practices and raise awareness about environmental challenges. Besides, the company supports education, health, and social services organizations by providing grants, volunteers, and software donations.
Establishment: |
2004 |
Headquarters: |
New York, United States |
Website: |
https://www.sisense.com/ |
Sisense Inc. is a leading software company that specializes in business intelligence and analytics solutions. It offers various products and solutions, such as Sisense analytics platform, Sisense fusion analytics, Sisense for cloud data teams, and Sisense pulse. The company has made efforts to reduce its energy consumption and improve energy efficiency in its operations. This includes optimizing data centers and server infrastructure, adopting energy-efficient technologies, and implementing energy management practices. Besides, it encourages employee engagement in sustainability initiatives. This involves awareness campaigns, employee-led initiatives, or internal programs aimed at promoting sustainable practices within the organization.
Establishment: |
2003 |
Headquarters: |
Washington, United States |
Website: |
https://www.tableau.com/ |
Tableau Software LLC is a software company specializing in data visualization and business intelligence solutions. Its product portfolio includes Tableau Desktop, Tableau Online, and Tableau's software. The company actively promotes energy efficiency and encourages employees to adopt sustainable practices in their daily work. It is committed to reducing its greenhouse gas emissions and has taken steps to achieve carbon neutrality. The company measures and tracks its emissions, including those from its operations, data centers, and employee travel. Besides, it collaborates with non-profits, governments, and humanitarian organizations to provide them with data visualization tools and expertise.
Establishment: |
1997 |
Headquarters: |
California, United States |
Website: |
https://www.tibco.com/ |
TIBCO Software Inc. is a multinational software company specializing in integration, analytics, and event processing. The company provides a range of software products and services that help organizations connect, optimize, and innovate in the digital world. Besides, it partners with educational institutions, non-profits, and community organizations to promote STEM learning and provide opportunities to underserved youth. The company also encourages its employees to engage in volunteer activities and contribute to their communities. Besides, the company actively supports employee resource groups, initiatives for gender equality, and inclusion programs that celebrate diversity.
Establishment: |
1945 |
Headquarters: |
Karnataka, India |
Website: |
https://www.wipro.com/ |
Wipro Limited is a global information technology, consulting, and business process services company. It offers various services, including IT services, business process services, and consulting services. The company is committed to sustainability and social responsibility, focusing on environmental initiatives, diversity and inclusion, education, and community development. It focuses on reducing its carbon footprint by implementing energy-efficient practices, renewable energy installations, and green building initiatives. The company has also established e-waste management programs to ensure responsible disposal and recycling of electronic waste. It actively engages in community development initiatives, focusing on education, healthcare, and skill development.
Establishment: |
1991 |
Headquarters: |
Maharashtra, India |
Website: |
https://www.zensar.com/ |
Zensar Technologies Ltd. is a global information technology services and consulting company. It offers various services, including application development and maintenance, infrastructure management, enterprise integration, digital transformation, data analytics, cloud computing, cybersecurity, and quality assurance. The company is committed to making a positive impact on society through its corporate social responsibility (CSR) initiatives. It supports healthcare institutions by providing medical equipment, organizing health camps, and promoting awareness programs on topics such as hygiene, nutrition, and disease prevention. The company also focuses on energy conservation, waste management, and promoting green practices within its operations.
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About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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