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The Global Production Monitoring Market by Component, Solution, Service, Organization Size, Industry and Region - Forecast to 2023: A $6.4 Billion Market Opportunity - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "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" report has been added to ResearchAndMarkets.com's offering.

The global production monitoring market size is expected to grow from USD 4 billion in 2018 to USD 6.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period.

Major growth factors for the market include rising demand for industrial automation in the manufacturing industry, servitization in manufacturing, need for centralized monitoring and predictive maintenance, and rise of industry 4.0. However, data security concerns and privacy issues could restrain the market growth.

The services component segment is forecast to grow at a higher CAGR during the forecast period. Services are considered an important component of the production monitoring market, as they majorly focus on improving business processes and optimizing the production management of manufacturing companies. Services are considered as the backbone of the production monitoring software ecosystem, as they are instrumental in fulfilling end-users' and clients' custom requirements.

Market Dynamics

Drivers

  • Rising Demand for Industrial Automation in the Manufacturing Industry
  • Servitization in Manufacturing
  • Need for Centralized Monitoring and Predictive Maintenance of Assets
  • Rise of Industry 4.0

Restraints

  • Data Security Concerns and Privacy Issues

Opportunities

  • Increasing Adoption of Cloud-Based Solutions

Challenges

  • Lack of Skills and Expertise

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Production Monitoring Market, By Component

7 Market By Solution

8 Production Monitoring Market, By Service

9 Market By Professional Service

10 Production Monitoring Market, By Managed Service

11 Market By Application Area

12 Production Monitoring Market, By Deployment Type

13 Market By Organization Size

14 Production Monitoring Market, By Industry

15 Market By Process Manufacturing Industry

16 Production Monitoring Market, By Discrete Manufacturing Industry

17 Production Monitoring Market, By Region

18 Competitive Landscape

19 Company Profiles

  • Aspen Technology
  • Cannon Automata
  • Capgemini
  • Coesia
  • Emerson
  • Hitachi
  • Infinity Qs
  • Infosys
  • Intouch Monitoring
  • IQMS
  • Lineview
  • Monnit
  • Oracle
  • Ordinal Software
  • PCE Instruments
  • Petrodaq
  • Rockwell Automation
  • RT Engineering
  • Schlumberger
  • Sedapta
  • Siemens
  • Softweb Solutions
  • Tesar
  • Verizon
  • Vertech

For more information about this report visit https://www.researchandmarkets.com/research/fhrsng/the_global?w=4