Global Big Data In Manufacturing Industry Market

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

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

Big Data In Manufacturing Industry News

  • In July 2022, Oracle Corporation officially completed the acquisition of Cerner, a major supplier of health information systems. Cerner is one of the oldest companies to develop electronic medical records, offering systems that handle the data storage chores for doctors’ offices, clinics and hospitals.
  • In June 2022, IBM plans to acquire Randori. RSA Conference is underway. Booz Allen Hamilton awarded NASA contract.
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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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Global Big Data In Manufacturing Industry Market

Product ID: SQMIG45A2187