The U.S. manufacturing analytics market attained a valuation of $2.5 billion in 2019 and is predicted to generate a revenue of $14.1 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 17.6% between 2020 and 2030. The growing requirement for greater organizational and operational visibility via big data and the increasing focus of companies on improving logistics and supply chain management are the key growth drivers of the market.
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Big data has revolutionized manufacturing operations around the world, with real-time insights and data collection for analysis becoming rapidly popular among the manufacturers based in the U.S. They can dice and slice the collected data in a way that allows them to gain a holistic understanding of the business activities. In addition to this, big data allows them to optimize operations, address issues and threats before their occurrence, and improve manufacturing.
Another important factor propelling the growth of the U.S. manufacturing analytics market is the growing focus of organizations on improving the supply chain management process. This is becoming really important in the U.S. manufacturing ecosystem, because of the increasing public awareness about supply chain management, rapid improvements in customer satisfaction levels, increasing control and visibility over inventory, and reducing operational costs. Supply chain management solutions help companies address production needs in various areas such as logistics and manufacturing optimization.
This market research report provides a comprehensive overview of the U.S. manufacturing analytics market
- Historical and the present size of the U.S. manufacturing analytics market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential