The global Big Data Analytics in Manufacturing Industry market was assessed to be USD 904.65 million in 2019 that is estimated to increase to USD 6.14 billion by the end of 2026 with a CAGR of 30.9% during the foreseen period of 2021 to 2026. The market value of big data analytics in manufacturing industry is expected to increase more with the increasing investments in the R&D in the coming years.
Large volume of structured and unstructured data stored on a daily basis is generally known as Big Data. This technique is implemented by companies to examine the market trends, hidden patterns and other useful information that helps in making effective business decisions.
Driving Factors
Rising demand for big data across various industry verticals is one of the major driving factors of the global Big Data Analytics in Manufacturing Industry market growth rate. Another major driving factor of the Big Data Analytics in Manufacturing Industry market was increase in the need for big data in manufacturing to reduce the production defects and optimize the supply chain management.
Adoption of manufacturing analytics by various automobile manufacturers are some of the growth supporting factors of the market for Big Data Analytics in Manufacturing Industry in terms of revenue rate. Increasing investments by the companies from emerging economies such as India, Brazil and China for new product innovation boosts the growth of the market of Big Data Analytics in Manufacturing Industry.
Challenges
The Big Data Analytics in Manufacturing Industry is the high cost of the equipment that hinders the growth of the worldwide market. Another major restraint that is effecting the growth of the market of Big Data Analytics in Manufacturing Industry was the integration of big data in this industry.
Segmentation Analysis
The global Big Data Analytics in Manufacturing Industry market is segmented and sub-segmented into the following categories:
Among these, the services segment holds the major share of the market among the others.
Among these, the product life cycle management tower segments holds the major share of the market.
Among these, cloud segment holds the major share of the market as they are getting more popular around the world.
Among these, the semiconductor segment holds the substantial share of the market compared to the other segments.
The Big Data Analytics in Manufacturing Industry market is elaborated in various regions all around the world such as
Asia Pacific region holds the major share of the market due to the presence of some of the key industry players in the area is also a major driving factor that helps the growth of the market of Big Data Analytics in Manufacturing Industry in the Asia Pacific. Also, increasing investments and development in some of the emerging economies such as China and India is also one of the major driving factor propels the growth of the market of Big Data Analytics in Manufacturing Industry in the Asia Pacific area.
North America region holds the second largest share of the market of Big Data Analytics in Manufacturing Industry owing to the increasing in in ground in local business operations are some of the factors that is helping the market of Big Data Analytics in Manufacturing Industry to grow further in the North American region.
Europe region is anticipated to increase the market value of Big Data Analytics in Manufacturing Industry owing to the surge in funding by the major key players of the market in the European nations.
Key Market Players
Some of the key players of the global Big Data Analytics in Manufacturing Industry market are:
The market of Big Data Analytics in Manufacturing Industry is expected to increase the revenue rate in the next few months with all the industries started their manufacturing of the products that in turn going to increase the revenue rate of the Big Data Analytics in Manufacturing Industry. Coronavirus has impacted the global industries in three ways, by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets due to the strict lockdown imposed by the government authorities all around the world.
Recent Market Developments
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Big Data Analytics in Manufacturing Industry Market, By Component
6.1.1 Software
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Big Data Analytics in Manufacturing Industry Market, By Application
6.2.1 Predictive Maintenance
6.2.2 Budget Monitoring
6.2.3 Product Life Cycle Management
6.2.4 Field Activity Management
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Big Data Analytics in Manufacturing Industry Market, By Deployment Mode
6.3.1 On-Premises
6.3.2 Cloud
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Big Data Analytics in Manufacturing Industry Market, By End-User
6.4.1 Semiconductor
6.4.2 Aerospace
6.4.3 Automotive
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021-2026)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Application
7.2.4 By Deployment Mode
7.2.5 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Application
7.3.4 By Deployment Mode
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Application
7.4.4 By Deployment Mode
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Application
7.5.4 By Deployment Mode
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Application
7.6.4 By Deployment Mode
7.6.5 By End-User
8. Key Player Analysis
8.1 IBM Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 SAP SE
8.3 SAS Institute Inc
8.4 OpenText Corporation
8.5 Microsoft Corporation
8.6 Oracle Corporation
8.7 Microstrategy
8.8 Information Builders
8.9 Tableau Software Inc
8.10 Qlik Technologies Inc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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Apr 2021
