Manufacturing Analytics Market to see huge growth by 2030

Prescient and Strategic Intelligence, releases new market research predicting the manufacturing industry to value US$14.1bn by 2030. Valuing at US$2.5bn in 2019, the US manufacturing market is expected to reach a revenue value of US$14.1bn by 2030, a compound annual growth rate of 17.6% during the period of 2020-2030). Due to the likes of prominent industry players such as Salesforce, IBM , SAP, Oracle, SAS Institute and General Electric Company, the US manufacturing analytics market has become highly competitive market. Prescient and Strategic Intelligence attributes this growth to the wide-scale adoption of analytics software within the manufacturing industry, which is being harnessed for quality management, inventory management, asset management and predictive maintenance. As a result, the industry is seeing a reduction in equipment downtime and improved operational efficiency.