The advent of advanced technologies such as manufacturing analytics has made it incredibly easy for manufacturing companies to collect and analyze the data created from manufacturing operations to measure shortstops, downtime, and slowdowns of manufacturing equipment and identify bottlenecks in manufacturing processes and the areas needing improvement. Moreover, manufacturing analytics provides quality and performance metrics which help manufacturers in improving the efficiency and productivity. As a result, these solutions are increasingly being adopted by manufacturing companies in the U.S.
The rising requirement for greater organizational and operational visibility through big data is another key factor fueling the popularity of manufacturing analytics solutions in the U.S. By providing real-time insights and data collection, big data has completely revolutionized manufacturing operations. It also allows the manufacturers to slice and dice the collected data in order to get a holistic understanding of business activities. Additionally, this technology allows them to optimize operations, improve production, and resolve probable issues before their occurrence.
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On-premises and cloud are the two methods by which these solutions are deployed. Of these, the demand for cloud-based deployment will be significantly higher in the future years, because of the enhanced flexibility and scalability provided by the cloud-based manufacturing analytics solutions. These solutions help mitigate the infrastructure and operational costs and can be easily customized according to the business requirements. In the U.S., the southern region will generate very high demand for these solutions in the forthcoming years.
Due to the above-mentioned reason, the U.S. manufacturing analytics market will demonstrate rapid expansion in the southern region of the country, as per the forecast of P&S Intelligence, a market research company based in India. The existence of numerous manufacturing companies, due to the abundant availability of land for setting up manufacturing plants and highly-skilled workers, and pro-business laws and a well-developed infrastructure are the main factors driving the surge of the market in this region.
Hence, it is quite clear that the adoption of manufacturing analytics solutions will rise enormously in the U.S. in the years to come, primarily because of the growing requirement for advanced technologies that can analyze manufacturing operations, detect the shortcomings in these processes, and provide feedback.
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