With 14.1% CAGR, Big Data in Manufacturing Industry Worth

Pune, India, Sept. 23, 2022 (GLOBE NEWSWIRE) — The world big data in the manufacturing industry the size should reach $9.11 billion by the end of 2026. The market was worth USD 3.22 billion in 2018 and will show a CAGR of 14.0% during the forecast period, 2019-2026. The applications of the concept in various industries will positively impact the growth of the market in the coming years. According to a report published by Fortune Business Insights

Industry developments:

  • June 2016Accenture Plc. announced the launch of seven advanced analytics applications, each of which will help detect fraud in various industries, including banking, government agencies, manufacturing and telecommunications.

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Report scope and segmentation

Report cover Details
Forecast period 2018 to 2026
Forecast Period 2018 to 2026 CAGR 14.1%
2026 value projection $9.11 billion
Year of reference 2021
Big Data in the size of the manufacturing industry in 2011 $3.22 billion
Historical data for 2014 to 2017
Number of pages 140
Segments Covered Offer, deployment, application and geography
Big Data in Manufacturing Industry Growth Drivers Optimization of supply chain management and production process is likely to drive the market
Growing adoption of automation in manufacturing industry will facilitate market growth

Complete Lockdown Limitations to Push Automation System Demand During COVID-19

The temporary lockdown of production facilities and the even more restricted existence of personnel have affected the amount of production in all industries. During the first months of 2020, home automation devices and products saw a substantial drop in production as well as an unbalanced supply chain. In addition, the share of spending on smart devices has declined due to the uneven financial disaster. This hurt the growth and deterioration in growth seen year-on-year in 2020.

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Growth drivers:

The report encompasses several factors that have contributed to the growth of Big Data in the manufacturing industry in recent years. Among all the factors, the growing number of corporate mergers and acquisitions has had the greatest impact on the market growth in recent years. Due to the huge potential of this concept, SMEs, as well as large corporations, are looking to acquire smaller companies and start-ups in an effort to establish a stronghold in the market. A highlight of recent years was the acquisition of Angoss Software Corporation by DataWatch in 2018. Through this acquisition, the company plans to offer extensive predictive and prescriptive analytics for major applications. The report identifies some of the major corporate mergers of recent times and assesses their impact on global Big Data in the manufacturing industry.

SEGMENTATION:


By offering an analysis

Growing demand for big data solutions in manufacturing industry helps drive market growth

By Deployment Analysis

Cloud offerings are expected to post a healthy CAGR over the forecast period

By application analysis

Application of operational analysis and quality assessment to consider the highest market share

Presentation of the report:

The report provides an in-depth analysis of global big data in the manufacturing industry. The competitive landscape has been discussed in detail and predictions are made regarding the leading companies and products in the coming years. It highlights the latest product launches and labels major market innovations. In addition to this, it indicates the impact of these products on the growth of the market. Forecast values ​​have been provided for the market for the period 2019-2026. Factual figures were obtained from reliable sources. Moreover, these predictions are made based on extensive research analysis methods, coupled with the opinions of experienced market research professionals.

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Regional analysis:

North America accounts for the highest market share; Rapid Advances in Manufacturing to Foster Growth

The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Of all the regions, North America is expected to have the highest share of big data in the manufacturing industry in the coming years. The rapid advancements in the manufacturing industry in the United States and Canada will aid in the growth of the market in this region. Apart from North America, the market in Europe will witness considerable growth in the coming years due to the presence of large manufacturing units in several countries in this region. In 2018, the market in Europe was worth USD 0.86 billion and this value is expected to grow at a rapid pace.

List of key companies

  • Alteryx, Inc.
  • Angoss Software Corporation
  • Just Isaac Corporation
  • Oracle Corporation
  • SAP SE
  • SAS Institute, Inc.
  • Tibco Software, Inc. (Alpine Data)

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Contents

  • Global Big Data in Manufacturing Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecasts
      • Per offer (value)
      • Per deployment (value)
      • By application (value)
        • Customer Analytics
        • Operational Analytics
        • Quality assessment
        • Supply chain management
        • Production management
        • Others
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America
  • North America Big Data in Manufacturing Industry Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecasts
      • Per offer (value)
      • Per deployment (value)
      • By application (value)
        • Customer Analytics
        • Operational Analytics
        • Quality assessment
        • Supply chain management
        • Production management
        • Others
      • By country (value)
  • Europe Big Data in Manufacturing Industry Analysis, Outlook and Forecast, 2015-2026
    • Main results/summary
    • Market Analysis, Outlook and Forecasts
      • Per offer (value)
      • Per deployment (value)
      • By application (value)
        • Customer Analytics
        • Operational Analytics
        • Quality assessment
        • Supply chain management
        • Production management
        • Others
      • By country (value)
        • UK
        • Germany
        • France
        • Scandinavia
        • The rest of Europe

TOC Continued…!

FAQs

What will be the value of global Big Data in the manufacturing industry in the future?

The global market is expected to reach a market value of USD 9.11 billion by 2026

What is the size of the European market?

Europe is expected to be the dominant region in global big data in the manufacturing industry and accounted for USD 0.86 billion in 2018.

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