The Global big data analytics in manufacturing Market size is anticipated to reach USD 11.03 Billion in 2028, registering a CAGR of 33.1% throughout the forecast period. The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attenti on to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
A key driving factor includes increasing application of big data analytics in manufacturing industry for demand forecasting. Increasing demand for asset optimization solutions is expected to further fuel growth of the global big data analytics in manufacturing market growth during the forecast period. Rising adoption of automation in manufacturing industry is also expected to propel global big data analytics in manufacturing market growth.
The high cost of big data analytics solutions is expected to hamper growth of the global big data analytics in manufacturing market to a certain extent during the forecast period.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The key companies studied in the report are:
- Microsoft Corporation
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- SAS Institute Inc.
- TIBCO Software Inc.
- Alteryx Inc.
- Fair Isaac Corporation
- MicroStrategy Incorporated
- Angoss Software Corporation
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Emergen Research has segmented the global big data analytics in manufacturing market on the basis of component, deployment, application:
Component Outlook (Revenue, USD Billion; 2021–2028)
- Solution
- Service
Deployment Outlook (Revenue, USD Billion; 2021–2028)
- On-Premises
- Cloud-Based
Application Outlook (Revenue, USD Billion; 2021–2028)
- Predictive Quality
- Predictive Maintenance
- Anomaly Detection
- Tool Life-cycle Optimization
- Computer Vision
- Supply Chain Management
- Production Forecasting
- Work Cell Optimization
- Product Lifecycle Management (PLM)
- Others
Regional Analysis:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Browse the complete Global big data analytics in manufacturing Market Research Report – Industry Analysis, Size, Share, Growth, Trends @ https://www.emergenresearch.com/industry-report/big-data-analytics-in-manufacturing-market
Key Questions Answered in the Report:
- What is the growth rate of the big data analytics in manufacturing market? What is the anticipated market valuation of big data analytics in manufacturing industry by 2028?
- What are the key growth driving and restraining factors of the big data analytics in manufacturing market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the big data analytics in manufacturing industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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