SOURCE RESEARCH
Manufacturing Data Analytics for OEE Improvements
Report | 4Q 2024 | AN-6270
Get The ReportThe manufacturing data analytics market revenue for Overall Equipment Effectiveness (OEE) solutions is currently US$1.8 billion with a growth rate of 18.4% over the next decade, reaching US$9.9 billion by 2034. This market growth primarily comes from large manufacturers already utilizing OEE solutions for increased visibility into machine and factory operations. Large manufacturers in both discrete and process industries are ahead of the curve in adopting critical infrastructure required to effectively run OEE solutions such as edge devices, cloud-based manufacturing software, and new equipment and machines that can directly interface with OEE solutions. With the development and rollout of cheaper Software-as-a-Service (SaaS) solutions, along with OEE vendors providing IoT hardware sensors for real-time data capture, SME manufacturers are now eligible to adopt OEE solutions to a beneficial degree.
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