Manufacturing Analytics Market to see huge growth by 2030
Valuing at US$2.5b...
Valuing at US$2.5bn in 2019, the US manufacturing market is expected to reach a revenue value of US$14.1bn by 2030, a compound annual growth rate (CAGR) of 17.6% during the period of 2020-2030). Due to the likes of prominent industry players such as Salesforce, IBM , SAP, Oracle, SAS Institute and General Electric Company, the US manufacturing analytics market has become highly competitive market.
Image source: Prescient and Strategic Intelligence
Prescient and Strategic Intelligence attributes this growth to the wide-scale adoption of analytics software within the manufacturing industry, which is being harnessed for quality management, inventory management, asset management and predictive maintenance. As a result, the industry is seeing a reduction in equipment downtime and improved operational efficiency.
To gain competitive advantage within the industry and improve business operations, manufacturers in the US have increased their adoption of virtualisation software which separates applications from physical software, allowing multiple virtual workloads to be handled simultaneously.
In addition to this, the technology allows for ease when it comes to the initial set up, and reduces the expenditure of physical hardware, as well as addressing lifecycle management issues.
This adoption comes as part of the industries increased awareness of the role supply chain management plays in reducing operational costs, improving customer satisfaction, increasing visibility and increasing control over inventories.
Supply chain management also plays an important role in addressing the requirements of sales and operations planning, product lifecycle management, manufacturing and logistics optimization, business intelligence, radio-frequency identification (RFID), business intelligence, raw material procurement, and network and inventory optimisation.
Ultimately the connectivity provided by analytics enables manufacturing organisations to improve and enhance communications across the supply chain.
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Siemens: Providing the First Industrial 5G Router
Across a number of industry sectors, there’s a growing need for both local wireless connectivity and remote access to machines and plants. In both of these cases, communication is, more often than not, over a long distance. Public wireless data networks can be used to enable this connectivity, both nationally and internationally, which makes the new 5G network mainframe an absolutely vital element of remote access and remote servicing solutions as we move into the interconnected age.
Siemens Enables 5G IIoT
The eagerly awaited Scalance MUM856-1, Siemens’ very first industrial 5G router, is officially available to organisations. The device has the ability to connect all local industrial applications to the public 5G, 4G (LTE), and 3G (UMTS) mobile wireless networks ─ allowing companies to embrace the long-awaited Industrial Internet of Things (IIoT).
The router can be used to remotely monitor and service plants, machines, as well as control elements and other industrial devices via a public 5G network ─ flexibly and with high data rates. Something that has been in incredibly high demand after being teased by the leading network providers for years.
Scalance MUM856-1 at a Glance
- Scalance MUM856-1 connects local industrial applications to public 5G, 4G, and 3G mobile wireless networks
- The router supports future-oriented applications such as remote access via public 5G networks or the connection of mobile devices such as automated guided vehicles in industry
- A robust version in IP65 housing for use outside the control cabinet
- Prototypes of Siemens 5G infrastructure for private networks already in use at several sites
“To ensure the powerful connection of Ethernet-based subnetworks and automation devices, the Scalance MUM856-1 supports Release 15 of the 5G standard. The device offers high bandwidths of up to 1000 Mbps for the downlink and up to 500 Mbps for the uplink – providing high data rates for data-intensive applications such as the remote implementation of firmware updates. Thanks to IPv6 support, the devices can also be implemented in modern communication networks.
Various security functions are included to monitor data traffic and protect against unauthorised access: for example, an integrated firewall and authentication of communication devices and encryption of data transmission via VPN. If there is no available 5G network, the device switches automatically to 4G or 3G networks. The first release version of the router has an EU radio license; other versions with different licenses are in preparation. With the Sinema Remote Connect management platform for VPN connections, users can access remote plants or machines easily and securely – even if they are integrated in other networks. The software also offers easy management and autoconfiguration of the devices,” Siemens said.
Preparing for a 5G-oriented Future
Siemens has announced that the new router can also be integrated into private 5G networks. This means that the Scalance MUM856-1 is, essentially, future-proofed when it comes to 5G adaptability; it supports future-oriented applications, including ‘mobile robots in manufacturing, autonomous vehicles in logistics or augmented reality applications for service technicians.’
And, for use on sites where conditions are a little harsher, Siemens has given the router robust IP65 housing ─ it’s “dust tight”, waterproof, and immersion-proofed.
The first release version of the router has an EU radio license; other versions with different licenses are in preparation. “With the Sinema Remote Connect management platform for VPN connections, users can access remote plants or machines easily and securely – even if they are integrated in other networks. The software also offers easy management and auto-configuration of the devices,” Siemens added.