Production Monitoring Market Worth $6.4 Billion by 2023 - New Report by MarketsandMarkets™

Production Monitoring Market Worth $6.4 Billion by 2023 - New Report by MarketsandMarkets™

PR Newswire

CHICAGO, October 24, 2018

CHICAGO, October 24, 2018 /PRNewswire/ --

According to the new market research report "Production Monitoring Market by Component (Solutions and Services), Solution, Service (Professional and Managed), Organization Size, Industry (Process Manufacturing and Discrete Manufacturing), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Production Monitoring Market is expected to grow from USD 4.0 billion in 2018 to USD 6.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Don't miss out on business opportunities in Production Monitoring Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/speaktoanalyst.asp?id=176717688

The major factors driving the Production Monitoring Market include a rising demand for industrial automation and servitization in the manufacturing industry.

Security management services to grow at the highest CAGR during the forecast period 

Security is the biggest concern for all organizations, be it a Small and Medium-sized Enterprise (SME) or a large enterprise. Any data breach would significantly hamper the business. Therefore, the main focus of enterprises is to protect the inherent property of the organization, such as customer service delivery, without compromising on the output. Manufacturing companies who are focused on product development have high amounts of data, including product designs, prototype information, customer information, vendor details, and contract details. These data are very important, and enterprises cannot afford to lose them. Therefore, various organizations offer managed security services, including smart security services and cybersecurity services.

Browse in-depth TOC on "Production Monitoring Market"

105 - Tables  

47 - Figures  

188 - Pages  

View more detailed TOC @  

https://www.marketsandmarkets.com/Market-Reports/production-monitoring-market-176717688.html

Business process optimization application area to hold a larger market size during the forecast period 

Business process optimization is a management approach that helps construct new processes and develop new resources to make an organization as effective as possible. This approach encourages organizational leaders to get back to basics and get rid of processes that are not working anymore. It creates an environment of ongoing monitoring, analysis, and adjustments when necessary. The production monitoring solutions based on platforms, such as Machine Learning (ML), IoT, and big data, are helping manufacturing organizations in achieving their short-term and long-term goals. These solutions enable manufacturing organizations to reduce the number of costly errors and achieve a vastly improved result by implementing a well-designed set of business process management solutions.

North America to hold the largest market size during the forecast period 

North America is expected to be the largest contributor to the Production Monitoring Market in terms of market size, as it is a technologically advanced region. The top countries contributing to the Production Monitoring Market in this region include the US and Canada. These countries have sustainable and well-established economies, which enable them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Due to the early adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to adopt new advanced technologies for their production process.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=176717688

Major vendors in the global Production Monitoring Market include Capgemini (France), Infosys (India), Oracle (US), Hitachi (Japan), Siemens (Germany), Verizon (US), Emerson (US), Rockwell Automation (US), AspenTech (US), Schlumberger (US), IQMS (US), sedApta (France), Softweb Solutions (US), ORDINAL Software (France), Infinity QS (US), TESAR (Italy), PCE Instruments (Germany), LineView (England), Monnit (US), Coesia (Italy), RT Engineering (US), Cannon Automata (Italy), Intouch Monitoring (England), PetroDAQ (US), and Vertech (France).

Browse Adjacent Markets @ Software and Services Market Reports & Consulting

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com


Research Insight: https://www.marketsandmarkets.com/ResearchInsight/production-monitoring-market.asp

Visit Our Website: https://www.marketsandmarkets.com


Voltar noticias em Inglês