The Global Big Data Analytics in Manufacturing market size is expected to reach a market size of USD 11.03 Billion by 2028 and register a high revenue CAGR, according to latest analysis by Emergen Research.

Increasing application of big data analytics in manufacturing industry for demand forecasting and growing demand for solutions for asset optimization is driving deployment of big data analytics in manufacturing.

Rising adoption of automation in manufacturing industry is also expected to propel global big data analytics in manufacturing market growth.

The extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.

Get a sample of the report @ https://www.emergenresearch.com/request-sample/495

Emergen Research has segmented the global big data analytics in manufacturing market on the basis of component, deployment, application, and region.

• 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

Some Key Highlights From the Report

• Increasing adoption of big data analytics software for production forecasting and business performance measurement is driving revenue growth of the solution segment currently, which is expected to register a significantly high CAGR of 33.2% over the forecast period.
• In terms of market share, the cloud-based segment is expected to lead among the other deployment segments in the global big data analytics in manufacturing market during the forecast period due to increasing implementation of cloud technology in manufacturing industry.
• Increasing need to reduce the number of failures during production is expected to contribute to revenue growth of the predictive maintenance segment in the global big data analytics in manufacturing market during the forecast period.
• Factors such as robust presence of domestic and international market players such as Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, and SAS Institute Inc., among others in countries in North America, are resulting in the market in the region accounting for comparatively larger revenue share than other regional markets.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/big-data-analytics-in-manufacturing-market

Radical Highlights of the Big Data Analytics in Manufacturing Market Report:

• Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
• Focus on market scenario, dynamics, and trends to be expected in the coming years
• Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
• Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
• Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as MA activities, revenue, market positions, market share, global position, and financial standing
• Accurate 8-year forecast analysis for the growth of Big Data Analytics in Manufacturing market
• Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations

Regional Analysis of the Big Data Analytics in Manufacturing Market includes:

• 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)

In January 2021, Taos Mountain, Inc. was acquired by International Business Machines Corporation. Through this acquisition, IBM will enhance hybrid cloud consultancy expertise to help companies shift data and solutions online.

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/495  

Thank you for reading our report. The report can be customized according to the clients’ requirements. Please get in touch with us to know more about the report, and our team will ensure the report is well suited to your requirements.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:                   

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756