What is the global market size of Big Data In Manufacturing Industry Market?

Global big data in manufacturing industry market was valued at USD 276.3 billion in 2021, and it is expected to reach a value of USD 509.3 billion by 2028, at a CAGR of 12.45% over the forecast period (2022-2028). Read More

Big Data In Manufacturing Industry Size, Share, Growth Analysis, By Type(Software, Services), By Deployment Type(On-Premise, Cloud Based), By Application(Predictive Asset Management, Inventory Management, Supply Chain Analysis, Power), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Big Data In Manufacturing Industry Market?

Global big data in manufacturing industry market is has some major and medium size enterprises, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.'Oracle Corporation (US)','SAP SE (Germany)','Emerson Electric (US)','SAS Institute (US)','Tableau Software (US)','ABB (Switzerland)','Rockwell (US)','Zensar Technologies Limited (India)','IBM (US)' Read More

Report ID: SQMIG45A2187 | Region: Global | Published Date: April, 2024
Pages: 264 | Tables: 90 | Figures: 76

Big Data In Manufacturing Industry Regional Insights

In 2021, Asia Pacific held the largest global big data in manufacturing industry market share. The manufacturing industry in the Asia-Pacific is undergoing a shift as smart manufacturing gains traction in local corporate operations. This is especially true for nations like China, India, South Korea, and Japan, which serve as the primary manufacturing centers in the area and are therefore major big data analytics adopters.

Given the wide variations in government policies, infrastructure, technical skills, and research and development (R&D) spending, the level of technological innovation among industrial facilities in the expanding Asia-Pacific area remains unequal.

In the upcoming years, North America is anticipated to hold the largest Big Data in Manufacturing Industry Market share for big data in the manufacturing sector. The manufacturing sectors in the US and Canada are developing quickly, which will help the market expand in this area. In addition to North America, the market in Europe will experience significant growth over the next few years due to the presence of large manufacturing facilities in a number of the countries in this region.

Big Data In Manufacturing Industry Report Snapshots

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Big Data In Manufacturing Industry Market size was valued at USD 576.47 billion in 2019 and is poised to grow from USD 731.13 billion in 2023 to USD 4617.78 billion by 2031, growing at a CAGR of 26.7% in the forecast period (2024-2031).

big data in manufacturing industry market is has some major and medium size enterprises, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability. 'IBM Corporation', 'Intel Corporation', 'Microsoft Corporation', 'Oracle Corporation', 'SAP SE', 'Cisco Systems, Inc.', 'Hewlett Packard Enterprise', 'Siemens AG', 'Dell Technologies', 'Hitachi, Ltd.', 'Fujitsu Limited', 'PTC, Inc.', 'Teradata Corporation', 'Cloudera, Inc.', 'Alteryx, Inc.', 'MapR Technologies, Inc.', 'Hortonworks, Inc.', 'Splunk Inc.', 'RapidMiner, Inc.', 'TIBCO Software Inc.'

Increased internet usage, such as the increasing popularity of social media and the advent of virtual online offices, could boost the market growth. The World Wide Web is widely used because of the numerous benefits it provides, such as boundless communication, easy sharing, plentiful resources and information, and online services that generate massive amounts of data in daily life. Other reasons contributing to the rise of the big data business include increased organizational awareness of IoT devices, increased demand for cloud big data technologies, increased demand for big data tools, increased government investments to advance digital technologies, and increased data accessibility across organizations for getting deeper insights and remaining competitive.

The market for manufacturing analytics has been exposed to various competitions and energy and raw material supply challenges. The operational expenses are also included. As a result, they are searching for methods to cut costs and create businesses that can quickly and efficiently deliver the appropriate level of quality to customers. Along with advancements and improvements in the automation and connectivity fields, the application of smart industrial solutions is expanding significantly.

In 2021, Asia Pacific held the largest big data in manufacturing industry market share. The manufacturing industry in the Asia-Pacific is undergoing a shift as smart manufacturing gains traction in local corporate operations. This is especially true for nations like China, India, South Korea, and Japan, which serve as the primary manufacturing centers in the area and are therefore major big data analytics adopters.

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Big Data In Manufacturing Industry Size, Share, Growth Analysis, By Type(Software, Services), By Deployment Type(On-Premise, Cloud Based), By Application(Predictive Asset Management, Inventory Management, Supply Chain Analysis, Power), By Region - Industry Forecast 2024-2031

Big Data In Manufacturing Industry Regional Insights

Big Data In Manufacturing Industry Report Snapshots

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