Big Data Analytics in Manufacturing Industry Market

Big Data Analytics in Manufacturing Industry Market by End-users (Semiconductor, Automotive, and Aerospace), Applications (Quality Management, Condition Monitoring, and Inventory Management), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-3437
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 221
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The global big data analytics in manufacturing industry market size was valued USD 904.5 million in 2020 and is estimated to expand at a sustainable CAGR of during the forecast period, 2021–2028. The growth of the market is attributed growing demand for big data analytics solutions.

Big Data Analytics in Manufacturing Industry Market

Big data refers to a large amount of structured and unstructured data that is saved on a daily basis. Companies also utilize the big data analytics approach to study market trends, hidden patterns, and other important information that aids in making efficient business decisions. In the manufacturing industry, big data analytics aids in supply chain planning, operational defect tracking, and product defect tracking. One of the most common uses of big data analytics is predictive analytics, which is used to extract information from data and forecast trends and patterns of behavior.

The COVID-19 pandemic has impacted practically every country and industry on the planet, with manufacturing industries taking the burden of the effects. Many countries were compelled to lockdown and restrict mobility due to supply chain disruption during the early months of the spread in March, April, and May, affecting numerous industries including automotive and aerospace.

Market Trends, Drivers, Restraints, and Opportunities

  • Expansion in demand for big data in industry verticals is anticipated to boost the big data analytics in manufacturing industry.
  • Increase in demand for big data in manufacturing industry in order to minimize production faults and improve supply chain management is expected to drive the market growth.
  • Integration of big data is a complex process, which can create challenges for the growth of the market.
  • Adoption of manufacturing analytics by numerous automobile manufacturers is expected to create ample opportunities for the key players in the market.

Scope of the Report

The report on the global big data analytics in manufacturing industry market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Big Data Analytics in Manufacturing Industry Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Semiconductor, Automotive, Aerospace,) and Applications (Quality Management, Condition Monitoring, and Inventory Management)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Microsoft Corporation; Oracle Corporation; Alteryx Inc.; IBM Corporation; and SAP SE

Big Data Analytics in Manufacturing Industry Market Segment Insights

Aerospace segment is projected to expand at a considerable CAGR

On the basis of end-users, the market is segregated into semiconductor, automotive, and aerospace. The aerospace segment is projected to expand at a considerable CAGR during the forecast period due to rising implementation of machine to machine services and telematics solutions in production establishments.

Big Data Analytics in Manufacturing Industry Market

Condition monitoring segment is anticipated to account for a significant market share.

Based on applications, the market is divided into quality management, condition monitoring, and inventory management. The condition monitoring segment is estimated to account for a significant market share during the forecast period. Machine maintenance is being transformed by the development of numerous ways to assess the condition of equipment and bearings.  Maintenance professionals turn to condition monitoring to meet the challenge of low-cost mass production to excel in this highly competitive market.

Europe is anticipated to constitute a key market share

In terms of regions, the global big data analytics in manufacturing industry market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to the degree of technological innovation among industrial facilities, technical expertise, and research and development (R&D) spending. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Smart manufacturing is gaining influence in regional corporate operations in the region,  especially in countries such China, India, South Korea, and Japan, which are the region's prime manufacturing centers.

Big Data Analytics in Manufacturing Industry Market

Segments

Segments Covered in the Report

The global big data analytics in manufacturing industry market has been segmented on the basis of

End-users

  • Semiconductor
  • Automotive
  • Aerospace

 Applications

  • Quality Management
  • Condition Monitoring
  • Inventory Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corporation
  • Oracle Corporation
  • Alteryx Inc.
  • IBM Corporation
  • SAP SE

Competitive Landscape

The global big data analytics in manufacturing industry market is moderately competitive, with numerous major competitors are Microsoft Corporation; Oracle Corporation; Alteryx Inc.; IBM Corporation; and SAP SE. The market's leading players are concentrating their efforts on increasing their consumer base to include other regions. They are increasing their market share and profitability through smart collaborative initiatives.

Big Data Analytics in Manufacturing Industry Market
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Big Data Analytics in Manufacturing Industry Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Big Data Analytics in Manufacturing Industry Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Big Data Analytics in Manufacturing Industry Market - Supply Chain
  4.5. Global Big Data Analytics in Manufacturing Industry Market Forecast
     4.5.1. Big Data Analytics in Manufacturing Industry Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Big Data Analytics in Manufacturing Industry Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Big Data Analytics in Manufacturing Industry Market Absolute $ Opportunity
5. Global Big Data Analytics in Manufacturing Industry Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
6. North America Big Data Analytics in Manufacturing Industry Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
7. Latin America Big Data Analytics in Manufacturing Industry Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
8. Europe Big Data Analytics in Manufacturing Industry Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
9. Asia Pacific Big Data Analytics in Manufacturing Industry Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
10. Middle East & Africa Big Data Analytics in Manufacturing Industry Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Big Data Analytics in Manufacturing Industry Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Big Data Analytics in Manufacturing Industry Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Big Data Analytics in Manufacturing Industry Market: Market Share Analysis
  11.2. Big Data Analytics in Manufacturing Industry Distributors and Customers
  11.3. Big Data Analytics in Manufacturing Industry Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global big data analytics in manufacturing industry market has been segmented on the basis of

End-users

  • Semiconductor
  • Automotive
  • Aerospace

 Applications

  • Quality Management
  • Condition Monitoring
  • Inventory Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft Corporation
  • Oracle Corporation
  • Alteryx Inc.
  • IBM Corporation
  • SAP SE

The global big data analytics in manufacturing industry market is moderately competitive, with numerous major competitors are Microsoft Corporation; Oracle Corporation; Alteryx Inc.; IBM Corporation; and SAP SE. The market's leading players are concentrating their efforts on increasing their consumer base to include other regions. They are increasing their market share and profitability through smart collaborative initiatives.

Big Data Analytics in Manufacturing Industry Market

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