South & Central America Real Time Production Monitoring Market Forecast to 2030

South & Central America 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

The South & Central America real time production monitoring market was valued at US$ 154.43 million in 2022 and is expected to reach US$ 313.99 million by 2030; it is estimated to grow at a CAGR of 9.3% from 2022 to 2030.

Integration of Artificial Intelligence and Machine Learning in Manufacturing Fuels the South & Central America Real Time Production Monitoring Market

Industry 4.0 is transforming how businesses manufacture, improve, and distribute their goods. Manufacturers incorporate cutting-edge technology into their operations and manufacturing facilities, such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning. Artificial intelligence (AI) and machine learning (ML) allow manufacturers to fully utilize the volume of information generated on the factory floor, across the business units, and from partners and third-party sources. AI and ML can create insights, providing predictability, visibility, and automation of operations and business processes. With the increase in data inputs, the integration of AI and ML in manufacturing is increasing. The real-time production monitoring system can be made significantly smarter by incorporating rules and algorithms (with user-defined parameters). By doing this, manufacturers are able to use the power of computers to quickly evaluate massive amounts of data in real time and make regular choices without the involvement of humans. A system powered by artificial intelligence (AI) can independently make conclusions in the event of the smallest deviations in manufacturing and is able to identify complex patterns and linkages in manufacturing processes. Thus, integrating AI and ML in manufacturing creates immense opportunities for the real-time production monitoring market, as real-time production monitoring allows the authority to be updated with updates on the shop floor.

To fully realize the power of AI in MES, it is imperative to ensure the quality and maturity of the data recorded during production. To prevent potential problems and maximize the efficiency of AI-driven solutions in MES, real-time optimization and informed decision-making across the production cycle will require constant monitoring and maintenance of data quality. Thus, integration of AI and ML in manufacturing may become trend in the Middle East & Africa real-time monitoring market.

South & Central America Real Time Production Monitoring Market Overview

The South America (SAM) real time production monitoring market is segmented into Brazil, Argentina, and the Rest of SAM. Economies in SAM have progressed at a faster rate on average than the economies of developed countries. Owing to rising digitalization in growing markets such as Brazil, Argentina, Colombia, Chile, El Salvador, Guatemala, Peru, and others, South America has become a prime contributor to the South & Central America real time production monitoring market. The growing urbanization, increasing deployment of advanced technologies in industries, and improving economy are among the prominent factors propelling the demand for IoT solutions. Adoption of IoT contributes to the generation of data regarding the production workflow process that includes tracking of material consumption, traceability, specific events, machine information, items and their parts quantities, and more. This information will help the manufacturer for effective management of time and resources. It helps improve productivity, efficiency, and quality related to both process and machine performance.

Following are a few developments for smart facilities in SAM:

– In March 2022, Huawei opened Huawei local electronic manufacturing service (EMS) Factory, the first smart manufacturing plant in Brazil to use 5G applications in the production process. The facility used technologies such as artificial intelligence, cloud, and IoT (Internet of Things), which helped to make production effective and intensify productivity.

– CNH Industrial has invested more than US$ 30 million in its Argentina plant since 2021 for the development and advancement in the manufacturing, product marketing, purchasing, and engineering departments and others. They adopted technologies such as artificial intelligence for the production at its factory.

The growing need for solutions to maximize productivity in the manufacturing sector fuels the adoption of real time production monitoring solutions in the region.

South & Central America Real Time Production Monitoring Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Real Time Production Monitoring Market Segmentation

The South & Central America real time production monitoring market is segmented based on component, deployment, enterprise size, industry, and country.

Based on component, the South & Central America real time production monitoring market is bifurcated into solution and services. The solution segment held a larger share in 2022.

By deployment, the South & Central America 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 South & Central America 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 South & Central America real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The process manufacturing segment held a larger share in 2022.

Based on country, the South & Central America real time production monitoring market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 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 South & Central America real time production monitoring market.

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At 9.3% CAGR, the South & Central America Real Time Production Monitoring Market is Speculated to be Worth US$ 313.99 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America real time production monitoring market was valued at US$ 154.43 million in 2022 and is expected to reach US$ 313.99 million by 2030, registering a CAGR of 9.3% from 2022 to 2030. Need for energy efficiency and integration of artificial intelligence and machine learning in manufacturing are among the critical factors attributed to the South & Central America real time production monitoring market expansion.

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 real-time production monitoring market, as it streamlines several other business procedures.

On the contrary, cost constraints in deploying solutions in SMEs hampers the growth of South & Central America real time production monitoring market.

Based on component, the South & Central America real time production monitoring market is bifurcated into solution and services. The solution segment held 87.2% share of the South & Central America real time production monitoring market in 2022, amassing US$ 134.71 million. It is projected to garner US$ 277.60 million by 2030 to expand at 9.5% CAGR during 2022-2030.

By deployment, the South & Central America real time production monitoring market is bifurcated into on-premise and cloud. The on-premise segment held 70.4% share of the South & Central America real time production monitoring market in 2022, amassing US$ 108.70 million. It is projected to garner US$ 174.85 million by 2030 to expand at 6.1% CAGR during 2022-2030.

By enterprise size, the South & Central America real time production monitoring market is bifurcated into large enterprise and SMEs. The large enterprise segment held 87.9% share of the South & Central America real time production monitoring market in 2022, amassing US$ 135.76 million. It is projected to garner US$ 272.89 million by 2030 to expand at 9.1% CAGR during 2022-2030.

By industry, the South & Central America real time production monitoring market is bifurcated into process manufacturing and discrete manufacturing. The process manufacturing segment held 63.0% share of the South & Central America real time production monitoring market in 2022, amassing US$ 97.36 million. It is projected to garner US$ 206.90 million by 2030 to expand at 9.9% CAGR during 2022-2030.

Based on country, the South & Central America real time production monitoring market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 58.2% share of South & Central America real time production monitoring market in 2022, amassing US$ 89.90 million. It is projected to garner US$ 191.87 million by 2030 to expand at 9.9% CAGR during 2022-2030.

Key players operating in the South & Central America 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 Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America real time production monitoring market.
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 South & Central America 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 South & Central America 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. Introduction
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. South & Central America Real Time Production Monitoring Market Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. South & Central America Real Time Production Monitoring Market – Key Industry Dynamics
5.1 South & Central America 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 – South & Central America Market Analysis
6.1 South & Central America Real Time Production Monitoring Market Revenue (US$ Million), 2022 – 2030
6.2 South & Central America Real Time Production Monitoring Market Forecast and Analysis
7. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Real Time Production Monitoring Market – Country Analysis
11.1 Overview
11.1.1 South America Real Time Production Monitoring Market Revenue and Forecasts and Analysis – By Country
11.1.1.1 South & Central America Real Time Production Monitoring Market Revenue and Forecasts and Analysis – By Country
11.1.1.2 Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.2.1 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Component
11.1.1.2.2 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.2.3 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.2.4 Brazil: South & Central America Real Time Production Monitoring Market Breakdown by Industry
11.1.1.3 Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.3.1 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Component
11.1.1.3.2 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.3.3 Argentina South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.3.4 Argentina: South & Central America Real Time Production Monitoring Market Breakdown by Industry
11.1.1.4 Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.1.4.1 Rest of SAM South & Central America Real Time Production Monitoring Market Breakdown by Component
11.1.1.4.2 Rest of South & Central America South & Central America Real Time Production Monitoring Market Breakdown by Deployment
11.1.1.4.3 Rest of South & Central America South & Central America Real Time Production Monitoring Market Breakdown by Enterprise Size
11.1.1.4.4 Rest of South & Central America: South & Central America 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. South & Central America Real Time Production Monitoring Market Segmentation
Table 2. South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Million) Component
Table 4. South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Million) – Deployment
Table 5. South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Million) – Enterprise Size
Table 6. South & Central America Real Time Production Monitoring Market Revenue and Forecasts to 2030 (US$ Million) – Industry
Table 7. South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 8. Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 9. Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 10. Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 11. Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – Industry
Table 12. Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 13. Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 14. Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 15. Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – Industry
Table 16. Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Component
Table 17. Rest of South & Central America South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 18. Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 19. Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn) – Industry
Table 20. Heat Map Analysis By Key Players
Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America Real Time Production Monitoring Market Segmentation, By Country
Figure 2. South & Central America PEST Analysis
Figure 3. Ecosystem: South & Central America Real Time Production Monitoring Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Real Time Production Monitoring Market Revenue (US$ Million), 2022 – 2030
Figure 6. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Real Time Production Monitoring Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 19. South & Central America Real Time Production Monitoring Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. Brazil: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. Argentina: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Rest of South & Central America: South & Central America Real Time Production Monitoring Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Company Positioning & Concentration

The List of Companies – South & Central America 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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