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Digital Manufacturing Services: From Concept to Reality

Market Analysis

by Dominique Raviart

published on Aug 25, 2021

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Report Overview:

NelsonHall’s market analysis of Digital Manufacturing Services consists of 59 pages.

Who is this Report for:

NelsonHall’s “Digital Manufacturing Services: From Concept to Reality” report is a comprehensive market assessment report designed for:

  • Sourcing managers investigating sourcing developments within industrial IT and digital transformation
  • Vendor marketing, sales and business managers developing strategies to target digital manufacturing opportunities
  • Financial analysts and investors specializing in the IT services and engineering and R&D (ER&D) services sectors.

Scope of this Report:

The report analyzes the worldwide market for industrial IT services looking at the subset: digital manufacturing services, i.e., IoT uses relevant to production plants, and use cases related to emerging technologies, such as AR/VR, digital twins, and AI.

It addresses the following questions:

  • What is the current and future market for digital manufacturing services?
  • What are the client segments for digital manufacturing services, and their characteristics? What are the drivers, benefits, and inhibitors for each segment?
  • What is the size and growth of the digital manufacturing services markets by geography, service line, and activity?
  • How did spending grow in 2020 and how will it increase in 2021 and onward?
  • How is the market organized? Who are the main vendors? How can they be assessed and compared? What are vendor challenges and critical success factors by market segment?
  • What are the digital manufacturing offerings and use cases available in the market? Which one has highest growth potential?

Key Findings & Highlights:

NelsonHall’s market analysis of the digital manufacturing services market consists of 59 pages. The report provides an in-depth understanding of the dynamics at play in industrial IT, and how clients are using IoT, AI and AR/VR technologies to improve their plant operations.

The current digital manufacturing services market size stands at $1.7n. It will reach $3.1bn by 2025, growing at 15% CAGR during the period. The pandemic has made digital manufacturing and its emphasis on remote work more relevant than ever. However, it also slowed down investment in 2020 across sectors and, in particular, in automotive and commercial aeronautics.

Enterprises are currently buying remote monitoring and control; and, to a lesser extent, predictive maintenance; inspection; assistance, instructions & training; and connected worker.

Most contracts are small, ranging from consulting to PoCs leading to relatively small systems integration and deployment contracts. Enterprises award these contracts as independent ones, with few organizations awarding mega-deals. The market will shift to a higher number of systems integration and deployment contracts, as buyers look to progress from their PoCs. Mega-deals will remain scarce, but mid-sized deals will more frequent, with buyers structuring their spending with a few preferred partners.

IoT (including track-and-trace) is the primary technology used in digital manufacturing. It is complemented by data collection, analytics, and AI. Within AI, computer vision gains in adoption.Other technologies include AR/VR. IoT continues to play a key role and gets supplemented by other sources of data, mostly internal data from back-end and manufacturing applications. External data such as traffic and weather data become more important for track-and-trace based use cases. AI gains further in strength led by computer vision and across industrial automation & robotics, and 5G.

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