Big Data Analytics in Manufacturing Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031


Posted August 19, 2024 by Tan8121

The global big data analytics in manufacturing market is anticipated to grow at a considerable CAGR of 14.0% during the forecast period.

 
The global big data analytics in manufacturing market is anticipated to grow at a considerable CAGR of 14.0% during the forecast period. With the high rate of adoption of sensors and connected devices, there has been a massive increase in the data points generated in the manufacturing industry. With this surge in data availability, there is a higher demand for big data analytics in the manufacturing sector. In addition, big data propels predictive analytics, which manufacturers use to drive predictive maintenance. This enables manufacturers to prevent expensive asset breakdowns and dodge unexpected downtime. Hence, with the advent of numerous features, the demand for big data analytics is projected to grow in the forthcoming years.

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Moreover, the companies are collaborating and adopting partnership strategies to drive productivity, develop new customer experiences, and remain competitive in the marketplace. For instance, in June 2022, Renault Group and Atos launched ID@scale, a unique service to collect large-scale manufacturing data and accelerate Industry 4.0. with this collaboration, the company develops and commercializes a unique technology solution that collects and analyzes manufacturing data on a large scale. By deploying ID@S, manufacturers collect data from a wide range of manufacturing facilities includes, including diverse suppliers, generations, global locations, and firmware updates, in a standardized and effective way.

Furthermore, in March 2022, Intellegens partnered with Zizo, to provide Intellegens advanced. It is deep learning technologies that accelerate innovation across a wide range of sectors, from materials and chemicals to manufacturing and beyond. Intellegens enables businesses to extract value from real-world, sparse, noisy experimental and process data, where conventional machine learning methods often fail.

Global Big Data Analytics in Manufacturing Market Report Segment

By Offering 

Service
Solution

By Deployment 

Cloud
On-Premises
Hybrid

By Application 

Predictive Quality
Anomaly Detection
Supply Chain Management
Production Forecasting
Others

A full report of Big Data Analytics in Manufacturing Marke available @ https://www.omrglobal.com/industry-reports/big-data-analytics-in-manufacturing-market

Big Data Analytics in Manufacturing Marke Report Segment by Region

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Accenture Plc
Alteryx Inc
Angoss Software Corp
Fair Isaac Corp
Informatica Inc
Microsoft Corp
Oracle Corp
Rockwell Automation, Inc.
Salesforce, Inc.
Sap SE
Sas Insititute Inc
Splunk Inc.

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We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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Last Updated August 19, 2024