Europe Real Time Production Monitoring Market Forecast to 2030
Europe Real Time Production Monitoring Market Forecast to 2030 – Regional Analysis – By Component (Solution and Services), Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprise and SMEs), and Industry (Process Manufacturing and Discrete Manufacturing)
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Description
Need for Energy Efficiency Fuel the Europe Real Time Production Monitoring Market
Various organizations globally are planning for energy efficiency. Energy efficiency improvement and the usage of renewable energy receive the most attention in the International Energy Agency’s (IEA) Sustainability Development Scenario (SDS), which focuses on reducing CO2 and methane emissions. By 2050, the goal is to use energy efficiency and renewable energy to meet 80% of the Paris Agreement’s C02 emission reduction targets, with the remaining 10% coming from other sources, such as lowering upstream oil and gas activities, methane, nuclear power, carbon capture, fuel switching, and the least efficient coal power. Various enterprises might be inefficient in energy utilization as it has scalable operations. When it comes to cost-effective production, energy costs have become a deciding factor. Thus, several players across the globe are providing flexible energy management and production monitoring systems for enterprises. For instance, ABB Ltd. provides a software system solution called the Energy Monitor app, which was created for commercial use in energy-intensive sectors and manufacturing operations. Thus, the increasing need for energy efficiency is expected to provide an opportunity for the Europe real-time production monitoring market, as it streamlines several other business procedures.
Europe Real Time Production Monitoring Market Overview
The Europe real time production monitoring market in Europe is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Technologies such as cloud computing, IoT, edge computing, AI, and others contribute to achieve sustainability goals in areas such as manufacturing and others. In addition, the region is focused on launching smart factories that adopt smart manufacturing solutions to maximize their production output with the real time insight gained from the information by the machineries and operations. In October 2021, Boehringer Ingelheim International GmbH opened a high-tech tablet production facility in Ingelheim with an investment of US$ 104.41 million (EUR 90 million) to modernize the production. Moreover, the market players in Europe are expanding their businesses across the world, which has helped them gain more customers of smart factory solutions, which fuels their revenue. In June 2019, Schneider Electric launched the first smart factory in the US to provide solutions to the end users, machine builders, and partners and implement IIoT integration strategies resulting in increased operational efficiency. The company stated that the factory helps its customers automate their manufacturing facilities. Thus, modernizing and digitalizing the factories helps network all the machines and equipment with the help of IoT devices. The real time insights from continuous data generation during the production process help the manufacturers have a competitive advantage in the market over the other market players, which fuels the adoption of real time production monitoring solutions. Therefore, the launch of smart factories and business expansion by market players fosters the Europe real time production monitoring market growth in Europe.
The European Union supports the development of several technological solutions in Europe with research and innovation actions under the Horizon 2020 program, Digital Europe Programme (DIGITAL). European Union-funded projects accelerate the adoption of digital solutions among businesses to foster their business growth. Thus, favorable government initiatives and increasing digitization are among the key factors enhancing the implementation of real time production monitoring solutions in Europe.
Europe homes major real time production monitoring market players, which fuels the Europe real time production monitoring market growth in the region. Capgemini SE, Siemens AG, Dassault Systemes SE, intouch monitoring Limited, and Matics Manufacturing Analytics Ltd are a few market players operating across Europe.
Europe Real Time Production Monitoring Market Revenue and Forecast to 2030 (US$ Million)
Europe Real Time Production Monitoring Market Segmentation
The Europe real time production monitoring market is segmented based on component, deployment, enterprise size, industry, and country.
Based on component, the Europe real time production monitoring market is bifurcated into solution and services. The solution segment held a larger share in 2022.
By deployment, the Europe real time production monitoring market is bifurcated into on-premise and cloud. The on-premise segment held a larger share in 2022.
By enterprise size, the Europe real time production monitoring market is bifurcated into large enterprise and SMEs. The large enterprise segment held a larger share in 2022.
By industry, the Europe real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The discrete manufacturing segment held a larger share in 2022.
Based on country, the Europe real time production monitoring market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Germany dominated the Europe real time production monitoring market in 2022.
Aspen Technology Inc, Capgemini SE, Dassault Systemes SE, General Electric Co, Hitachi Ltd, Infosys Ltd, Oracle Corp, Rockwell Automation Inc, sedApta Srl, and Siemens AG are some of the leading companies operating in the Europe real time production monitoring market.
Summary Info
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According to the Research Team’ research, the Europe real time production monitoring market was valued at US$ 1,212.89 million in 2022 and is expected to reach US$ 2,830.93 million by 2030, registering a CAGR of 11.2% from 2022 to 2030. Integration of real-time production monitoring solution with ERP systems and need for energy efficiency are among the critical factors attributed to the Europe real time production monitoring market expansion.
ERP is a complete system that enables enterprises to manage suppliers, monitor supply chain activity in real time, and streamline several other business procedures. ERP offers a comprehensive company perspective, considering areas such as finance, inventory management, supply chain, and production. And real-time production monitoring software gathers and examines data in real time from the production floor. Thus, integration of real-time production monitoring solutions with ERP systems will benefit enterprises in various ways. Production management is considerably enhanced when ERP and real-time production monitoring solutions are connected effectively. With the help of this integration, batch production jobs may be effectively planned and managed by being connected to a particular management workspace. Further, integrating ensures enhanced data quality and traceability and assures that production data is accurate and updated. Costs can be significantly decreased by putting this integration into practice. The integrated solution enhances return on investment by providing better resource management and more effective material utilization.
Moreover, several players across the globe are providing systems that can map data from ERP and real-time production monitoring solutions. For instance, in April 2021, Dassault Systems introduced DELMIAworks to map data from ERPs to shop-floor MES. Thus, integration with ERP is expected to create an opportunity for the real-time production monitoring market.
On the contrary, cost constraints in deploying solutions in SMEs hampers the growth of Europe real time production monitoring market.
Based on component, the Europe real time production monitoring market is bifurcated into solution and services. The solution segment held 75.4% share of the Europe real time production monitoring market in 2022, amassing US$ 914.17 million. It is projected to garner US$ 2,199.18 million by 2030 to expand at 11.6% CAGR during 2022-2030.
By deployment, the Europe real time production monitoring market is bifurcated into on-premise and cloud. The on-premise segment held 58.9% share of the Europe real time production monitoring market in 2022, amassing US$ 714.87 million. It is projected to garner US$ 1,200.16 million by 2030 to expand at 6.7% CAGR during 2022-2030.
By enterprise size, the Europe real time production monitoring market is bifurcated into large enterprise and SMEs. The large enterprise segment held 81.3% share of the Europe real time production monitoring market in 2022, amassing US$ 985.52 million. It is projected to garner US$ 2,255.85 million by 2030 to expand at 10.9% CAGR during 2022-2030.
By industry, the Europe real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The discrete manufacturing segment held 58.7% share of the Europe real time production monitoring market in 2022, amassing US$ 711.52 million. It is projected to garner US$ 1,741.97 million by 2030 to expand at 11.8% CAGR during 2022-2030.
Based on country, the Europe real time production monitoring market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Germany held 31.8% share of Europe real time production monitoring market in 2022, amassing US$ 385.46 million. It is projected to garner US$ 973.95 million by 2030 to expand at 12.3% CAGR during 2022-2030.
Key players operating in the Europe real time production monitoring market are Aspen Technology Inc, Capgemini SE, Dassault Systemes SE, General Electric Co, Hitachi Ltd, Infosys Ltd, Oracle Corp, Rockwell Automation Inc, sedApta Srl, and Siemens AG, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe real time production monitoring market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the real time production monitoring market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Real Time Production Monitoring Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Europe Real Time Production Monitoring Market – Key Industry Dynamics
5.1 Europe Real Time Production Monitoring Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Advent of Industry 4.0
5.2.2 Increase in Use of Predictive Maintenance Across Industries
5.2.3 Focus on Maximizing Production Capacity
5.3 Market Restraints
5.3.1 Cost Constraints in Deploying Solutions in SMEs
5.3.2 Possibility of Data Theft Through Manufacturing Execution System (MES)
5.4 Market Opportunities
5.4.1 Integration of Real-Time Production Monitoring Solution with ERP Systems
5.4.2 Need for Energy Efficiency
5.5 Future Trends
5.5.1 Integration of Artificial Intelligence and Machine Learning in Manufacturing
5.6 Impact of Drivers and Restraints:
6. Real Time Production Monitoring Market – Europe Market Analysis
6.1 Europe Real Time Production Monitoring Market Revenue (US$ Million), 2022 – 2030
6.2 Europe Real Time Production Monitoring Market Forecast and Analysis
7. Europe Real Time Production Monitoring Market Analysis – Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Real Time Production Monitoring Market Analysis – Deployment
8.1 On-Premise
8.1.1 Overview
8.1.2 On-Premise Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Cloud
8.2.1 Overview
8.2.2 Cloud Market Revenue, and Forecast to 2030 (US$ Million)
9. Europe Real Time Production Monitoring Market Analysis – Enterprise Size
9.1 Large Enterprise
9.1.1 Overview
9.1.2 Large Enterprise Market Revenue, and Forecast to 2030 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs Market Revenue, and Forecast to 2030 (US$ Million)
10. Europe Real Time Production Monitoring Market Analysis – Industry
10.1 Process Manufacturing
10.1.1 Overview
10.1.2 Process Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Discrete Manufacturing
10.2.1 Overview
10.2.2 Discrete Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
11. Europe Real Time Production Monitoring Market – Country Analysis
11.1 Overview
11.1.1 Europe Real Time Production Monitoring Market Revenue and Forecasts and Analysis – By Country
11.1.1.1 Europe Real Time Production Monitoring Market Revenue and Forecasts and Analysis – By Country
11.1.1.2 Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Germany: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.2.2 Germany: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.2.3 Germany: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.2.4 Germany: Europe Real Time Production Monitoring Market Breakdown by Industry
11.1.1.3 France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 France: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.3.2 France: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.3.3 France: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.3.4 France: Europe Real Time Production Monitoring Market Breakdown by Industry
11.1.1.4 Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.4.1 Italy: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.4.2 Italy: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.4.3 Italy: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.4.4 Italy: Europe Real Time Production Monitoring Market Breakdown by Industry
11.1.1.5 UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.5.1 UK: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.5.2 UK: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.5.3 UK: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.5.4 UK: Europe Real Time Production Monitoring Market Breakdown by Industry
11.1.1.6 Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.6.1 Spain: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.6.2 Spain: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.6.3 Spain: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.6.4 Spain: Europe Real Time Production Monitoring Market Breakdown by Industry
11.1.1.7 Rest of Europe: Europe Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.7.1 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Component
11.1.1.7.2 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.7.3 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.7.4 Rest of Europe: Europe Real Time Production Monitoring Market Breakdown by Industry
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Capgemini SE
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Oracle Corp
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Hitachi Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Rockwell Automation Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Siemens AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Dassault Systemes SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Aspen Technology Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Infosys Ltd
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 sedApta Srl
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 General Electric Co
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Research Team
15.2 Word Index
LIST OF TABLES
Table 1. Europe Real Time Production Monitoring Market Segmentation
Table 2. Europe Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Europe Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Million) – Deployment
Table 5. Europe Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Million) – Enterprise Size
Table 6. Europe Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Million) – Industry
Table 7. Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 8. Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 9. Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 10. Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 11. Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 12. France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 13. France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 14. France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 15. France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 16. Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 17. Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 18. Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 19. Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 20. UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 21. UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 22. UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 23. UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 24. Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 25. Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 26. Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 27. Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 28. Rest of Europe: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Component
Table 29. Rest of Europe: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Deployment
Table 30. Rest of Europe: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Enterprise Size
Table 31. Rest of Europe: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn) – By Industry
Table 32. Heat Map Analysis By Key Players
Table 33. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Real Time Production Monitoring Market Segmentation, By Country
Figure 2. Europe PEST Analysis
Figure 3. Ecosystem: Europe Real Time Production Monitoring Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Real Time Production Monitoring Market Revenue (US$ Million), 2022 – 2030
Figure 6. Europe Real Time Production Monitoring Market Share (%) – Component, 2022 and 2030
Figure 7. Solution Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Europe Real Time Production Monitoring Market Share (%) Deployment, 2022 and 2030
Figure 10. On-Premise Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Cloud Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Europe Real Time Production Monitoring Market Share (%) Enterprise Size, 2022 and 2030
Figure 13. Large Enterprise Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. SMEs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Europe Real Time Production Monitoring Market Share (%) Industry, 2022 and 2030
Figure 16. Process Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Discrete Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Europe Real Time Production Monitoring Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 19. Europe Real Time Production Monitoring Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. Germany: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. France: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Italy: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. UK: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24. Spain: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Rest of Europe: Europe Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Company Positioning & Concentration
The List of Companies – Europe Real Time Production Monitoring Market
1. Aspen Technology Inc
2. Capgemini SE
3. Dassault Systemes SE
4. General Electric Co
5. Hitachi Ltd
6. Infosys Ltd
7. Oracle Corp
8. Rockwell Automation Inc
9. sedApta Srl
10. Siemens AG
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