Report ID: SQMIG45A2187
Report ID:
SQMIG45A2187 |
Region:
Global |
Published Date: October, 2024
Pages:
264
|
Tables:
90 |
Figures:
76
Big Data In Manufacturing Industry Market size was valued at USD 5.8 Billion in 2023 and is poised to grow from USD 6.53 Billion in 2024 to USD 16.65 Billion by 2032, growing at a CAGR of 12.5% during the forecast period (2025-2032).
Big data analytics software helps to analyze risk patterns, maintain workflows, improve the quality of the processes, production, and others. Big data solutions analyze, collect, and monitor a large volume of unstructured and structured data generated from a variety of sources such as production unit, product quality, factory floor, etc. Big data technology helps to uncover newer trends and patterns and provides actionable insights to businesses. Furthermore, big data is becoming one of the important elements in the manufacturing industry, as it is playing a major role in the fourth generation of enterprise resource planning (ERP) systems. ERP technology is supporting to transform outdated manufacturing facilities into highly automated and efficient powerhouses. Big data technology is set to create a new era for manufacturing as it possesses the ability to engage the process, data, and people. Rising technological advancements are expected to augur well for the big data in manufacturing industry.
The global big data in manufacturing industry market revenue is expected to grow significantly over the forecast period due to increasing application of big data analytics in manufacturing industry for demand forecasting. Growing demand for solutions to optimize assets is projected to further propel global big data analytics in manufacturing market growth during the forecast period. Besides, rising need for solutions to reduce downtime is expected to augment growth of the global big data in manufacturing industry market in the near future. Furthermore, increasing demand for faster integration of automation is expected to boost global big data in manufacturing industry market growth over the forecast period.
In the manufacturing industry, data is being collected from the traditional maintenance survey-based process or with the help of advanced technology devices such as sensors, RFID, etc. This collected data helps to track resources and analyze the generated data (such as captured machine readings, supply chain management, etc.) through sensors and other devices. Moreover, big data is helping the manufacturing industry to attain full automation of the operations. Further, in the expansion of the internet of things and advancement in connectivity technologies, big data is offering an opportunity for a new breed of intelligent manufacturing technology.
US Big Data In Manufacturing Industry is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45A2187