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Global Production Monitoring Market to reach USD xx billion by the end of 2030.

Global Production Monitoring Market Size study & Forecast, by Component (Solution, Services), by Deployment Mode (On-premise, Cloud), by Application (Business Process Optimization, Logistics and Supply Chain Management, Emergency and Incident Management, Automation and Control Management), by Organization Size, by Industry Vertical and Regional Analysis, 2023-2030

Product Code: OIRIA-54163472
Publish Date: 30-10-2023
Page: 200

Global Production Monitoring Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Production monitoring refers to the practice of tracking and overseeing various aspects of the manufacturing process to ensure efficiency, quality, and compliance with set standards. It involves the real-time or near-real-time collection, analysis, and visualization of data related to production activities, equipment performance, resource utilization, and product quality. The Production Monitoring market is expanding because of factors such as the rising adoption of industrial automation and the growing number of SMEs. The goal of production monitoring is to provide insights that help optimize production processes, reduce downtime, improve product quality, and enhance overall operational efficiency. As a result, the demand for Production Monitoring has progressively increased in the international market during the forecast period 2023-2030.

Automation allows for the continuous collection of real-time data from various sensors, machines, and equipment on the factory floor. This data is crucial for understanding the current state of production, identifying bottlenecks, and detecting any deviations from desired performance levels. According to Statista, in 2020, the global industrial automation market achieved a valuation of approximately USD 175 billion. Projections indicate that this market is poised for a steady expansion, with an anticipated compound annual growth rate of roughly 9% through 2025 and forecasted to scale up to approximately USD 265 billion by 2025. Furthermore, global Cloud-based industrial automation software accounts for roughly USD 21.24 billion in 2023. Another important factor that drives the Production Monitoring market is the increasing number of SMEs. SMEs often constitute a significant portion of the manufacturing sector. Their presence contributes to a diverse manufacturing landscape, which can involve a wide range of industries, products, and processes. This diversity influences the complexity and variety of production monitoring needs. In addition, as per Statista, the global count of Small and Medium-sized Enterprises (SMEs) accounts for 332.99 million in 2021. Among the continents, Asia stood out as the region with the highest concentration of SMEs. Moreover, rising government expenditure on manufacturing and information technology infrastructure and comprehensive transformation of an economy, are anticipated to create lucrative growth opportunities for the market over the forecast period. However, higher cost associated with Production Monitoring and a lack of skilled workforce is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Production Monitoring Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the adoption of digitalization in manufacturing and the adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to adopt new advanced technologies for their production process in the region. The region’s dominant performance is anticipated to propel the overall demand for Production Monitoring. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as growing government expenditure on manufacturing and IT infrastructure and increasing manufacturing facilities due to the inexpensive workforce in the region.

Major market player included in this report are:
Hitachi Ltd
Infosys Limited
Tesar S.r.l
Schlumberger Limited
Emerson Electric Co
ORDINAL Software – Groupe CODRA
Capgemini SE
Rockwell Automation Inc
Oracle Corporation
Siemens AG

Recent Developments in the Market:
Ø In August 2022, Hitachi Energy India’s third facility has launched in Bengaluru, Karnataka. The 5,000-square-meter plant service customers in the power utilities, industries, renewable energy, and rail segments. Through its latest factory in Bengaluru, it plans to increase the capacity of its existing power quality products from 10,000 to 22,000 MVAR. The new factory more than doubles the existing capacity to manufacture innovative capacitor units, banks, and power electronic compensators for low, medium, and high voltage systems used in power utilities, industries, renewables, and transportation. The company anticipates hiring 300-400 people directly at its facilities and additionally offering indirect jobs to local suppliers along the industrial value chain.

Global Production Monitoring Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Deployment Mode, Application, Organization Size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

By Deployment Mode

By Application
Business Process Optimization
Logistics and Supply Chain Management
Emergency and Incident Management
Automation and Control Management

By Organization Size
Large Organization
Small & Medium Organization

By Industry Vertical
Oil & Gas
Energy & Power

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Production Monitoring Market, by Region, 2020-2030 (USD Billion)
1.2.2. Production Monitoring Market, by Component, 2020-2030 (USD Billion)
1.2.3. Production Monitoring Market, by Deployment Mode, 2020-2030 (USD Billion)
1.2.4. Production Monitoring Market, by Application, 2020-2030 (USD Billion)
1.2.5. Production Monitoring Market, by Organization Size, 2020-2030 (USD Billion)
1.2.6. Production Monitoring Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Production Monitoring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Production Monitoring Market Dynamics
3.1. Production Monitoring Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising adoption of industrial automation Growing number of SMEs
3.1.2. Market Challenges Higher cost associated with Production Monitoring Lack of skilled workforce
3.1.3. Market Opportunities Rising government expenditure on manufacturing and IT infrastructure Rapid Industrialization
Chapter 4. Global Production Monitoring Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Production Monitoring Market, by Component
5.1. Market Snapshot
5.2. Global Production Monitoring Market by Component, Performance – Potential Analysis
5.3. Global Production Monitoring Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Production Monitoring Market, Sub Segment Analysis
5.4.1. Solution
5.4.2. Services
Chapter 6. Global Production Monitoring Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global Production Monitoring Market by Deployment Mode , Performance – Potential Analysis
6.3. Global Production Monitoring Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
6.4. Production Monitoring Market, Sub Segment Analysis
6.4.1. On-premise
6.4.2. Cloud
Chapter 7. Global Production Monitoring Market, by Application
7.1. Market Snapshot
7.2. Global Production Monitoring Market by Application, Performance – Potential Analysis
7.3. Global Production Monitoring Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Production Monitoring Market, Sub Segment Analysis
7.4.1. Business Process Optimization
7.4.2. Logistics and Supply Chain Management
7.4.3. Emergency and Incident Management
7.4.4. Automation and Control Management
Chapter 8. Global Production Monitoring Market, by Organization Size
8.1. Market Snapshot
8.2. Global Production Monitoring Market by Organization Size, Performance – Potential Analysis
8.3. Global Production Monitoring Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
8.4. Production Monitoring Market, Sub Segment Analysis
8.4.1. Large Organization
8.4.2. Small & Medium Organization
Chapter 9. Global Production Monitoring Market, by Industry Vertical
9.1. Market Snapshot
9.2. Global Production Monitoring Market by Industry Vertical, Performance – Potential Analysis
9.3. Global Production Monitoring Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
9.4. Production Monitoring Market, Sub Segment Analysis
9.4.1. Oil & Gas
9.4.2. Chemical
9.4.3. Automotive
9.4.4. Energy & Power
9.4.5. Others
Chapter 10. Global Production Monitoring Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Production Monitoring Market, Regional Market Snapshot
10.4. North America Production Monitoring Market
10.4.1. U.S. Production Monitoring Market Component breakdown estimates & forecasts, 2020-2030 Deployment Mode breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 Organization Size breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Production Monitoring Market
10.5. Europe Production Monitoring Market Snapshot
10.5.1. U.K. Production Monitoring Market
10.5.2. Germany Production Monitoring Market
10.5.3. France Production Monitoring Market
10.5.4. Spain Production Monitoring Market
10.5.5. Italy Production Monitoring Market
10.5.6. Rest of Europe Production Monitoring Market
10.6. Asia-Pacific Production Monitoring Market Snapshot
10.6.1. China Production Monitoring Market
10.6.2. India Production Monitoring Market
10.6.3. Japan Production Monitoring Market
10.6.4. Australia Production Monitoring Market
10.6.5. South Korea Production Monitoring Market
10.6.6. Rest of Asia Pacific Production Monitoring Market
10.7. Latin America Production Monitoring Market Snapshot
10.7.1. Brazil Production Monitoring Market
10.7.2. Mexico Production Monitoring Market
10.8. Middle East & Africa Production Monitoring Market
10.8.1. Saudi Arabia Production Monitoring Market
10.8.2. South Africa Production Monitoring Market
10.8.3. Rest of Middle East & Africa Production Monitoring Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Hitachi Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Infosys Limited
11.3.3. Tesar S.r.l
11.3.4. Schlumberger Limited
11.3.5. Emerson Electric Co
11.3.6. ORDINAL Software – Groupe CODRA
11.3.7. Capgemini SE
11.3.8. Rockwell Automation Inc
11.3.9. Oracle Corporation
11.3.10. Siemens AG
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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