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Big Data Analytics in Manufacturing Market Size – $ 1.11 Billion in 2020, Market Growth – at a CAGR of 33.1%
VANCOUER, BC, CANADA, September 23, 2021 /EINPresswire.com/ – The global manufacturing market big data analytics market is expected to reach a market size of $ 11.03 billion by 2028 and record a high revenue CAGR, according to the latest analysis from Emerging Research. A key driver includes the growing application of big data analytics in the manufacturing industry for forecasting demand. Rising demand for asset optimization solutions is expected to fuel the growth of global big data analytics in manufacturing market growth during the forecast period. The increasing adoption of automation in manufacturing industry is also expected to propel global big data analysis in manufacturing market growth.
The Global Big Data Analytics in Manufacturing market research report published by Reports and Data has been formulated by the analysis of key business details and vast geographic extent of Big Data Analytics in Manufacturing Market industry. The study offers comprehensive qualitative and quantitative analysis coverage of Big Data Analytics in the manufacturing market as well as crucial statistical data of Big Data Analytics in the manufacturing market. The research study provides historical data from 2017 to 2018 and offers an accurate estimate of the forecast to 2027. The report also profiles the established and emerging market players, covering the overview of the company, the product portfolio, strategic alliances and business expansion strategies.
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The growth of the global big data analytics market in the manufacturing market is driven by a variety of factors and trends, the major ones of which include the growing attention of large companies on the expansion of products / services into new and untapped national manufacturing market data analysis, increasing investment in strategic deals, and increasing market competition. The development of more advanced offerings is driving increasing demand and deployment in the respective sectors / industries, and this is a major trend in a growing number of developing economies. In addition, the availability of favorable government policies and steady economic growth in various regions and countries results in an increasing number of actors who focus on exploiting opportunities to increase visibility and increase income and profits.
Highlights of the report
The growing adoption of big data analysis software for production forecasting and business performance measurement is currently driving the revenue growth of the solutions segment, which is expected to register a significantly high CAGR of 33.2% over the course of the year. the forecast period.
In terms of market share, the cloud-based segment is expected to dominate other deployment segments in the global manufacturing market big data analytics market during the forecast period owing to the implementation. growing cloud technology in the manufacturing industry.
The growing need to reduce the number of failures during production is expected to contribute to the revenue growth of predictive maintenance segment in the global big data analytics market in the manufacturing market during the forecast period.
Factors such as the strong presence of domestic and international market players such as Microsoft Corporation, International Business Machines Corporation, Oracle Corporation and SAS Institute Inc., among others in North American countries, make the market of the region accounts for relatively more revenue share than other regional markets.
The major key vendors of Big Data Analytics in the manufacturing market are:
Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., TIBCO Software Inc., Alteryx Inc., Fair Isaac Corporation, MicroStrategy Incorporated and Angoss Software Corporation
To learn more about the Big Data Analytics in Manufacturing Market report, visit @ https://www.emergenresearch.com/industry-report/big-data-analytics-in-manufacturing-market
Emergen Research has segmented the global big data analysis in the manufacturing market on the basis of component, deployment, application, and region.
Components Outlook (Revenue, USD Billion; 2021-2028)
Solution
Service
Deployment outlook (revenue, billion USD; 2021-2028)
On the site
Cloud based
Application Outlook (Revenue, USD Billion; 2021-2028)
Predictive quality
Predictive maintenance
Detection of an anomaly
Tool life cycle optimization
Computer vision
Supply chain management
Production forecast
Optimization of the work cell
Product lifecycle management (PLM)
Others
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunities in these regions, covering:
United States
Europe
China
Japan
South East Asia
India
We can also provide separate custom reports at regional or national level, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, United Kingdom, Italy, Spain, Russia, Rest of Europe, Central and South America, Brazil, Argentina, Rest of South America, Middle East and Africa, Saudi Arabia, Turkey, Rest of Middle East and Africa
We can customize our reports for our clients, for example we can add or remove manufacturers, applications or product types, whatever you need in the report. Request it by contacting us @ https://www.emergenresearch.com/request-for-customization/495
The research provides answers to the following key questions:
What will be the growth rate and market size of the Big Data Analytics in Manufacturing Market for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Big Data Analytics in Manufacturing market across different regions?
What are the main driving forces expected to decide the fate of Big Data Analytics in Manufacturing Market in the world?
Who are the major market players standing out in the Big Data Analytics in Manufacturing market with their winning strategies?
What trends in the Big Data Analytics in Manufacturing market are likely to shape the future of the industry during the forecast period 2020-2028?
What are the main obstacles and threats likely to hinder the development of the industry?
What are the future opportunities in the Big Data Analytics in Manufacturing market?
Contents
Chapter 1. Methodology and sources
1.1. Market definition
1.2. Scope of research
1.3. Methodology
1.4. Research sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid sources
1.5. Market estimation technique
Chapter 2. Executive summary
2.1. Summary overview, 2021-2028
Chapter 3. Main information
Chapter 4. Big Data Analysis in Manufacturing Market Segmentation and Impact Analysis
4.1. Big Data Analytics in Manufacturing Market Segmentation Analysis
4.2. Industrial outlook
4.2.1. Analysis of market indicators
4.2.2. Market driver analysis
4.2.2.1. Growing application of big data analytics in manufacturing industry for demand forecasting.
4.2.2.2. Growing demand for asset optimization solutions
4.2.2.3. Growing need for solutions to reduce downtime
4.2.2.4. Growing demand for tools for faster integration of automation
4.2.3. Analysis of market constraints
4.2.3.1. Data breach issue
4.2.3.2. The high cost of implementation
4.3. Technological insights
4.4. Regulatory framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive metric space analysis
4.7. Price trend analysis
4.8. Covid-19 impact assessment
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