The “Big Data Analytics in Manufacturing Industry Market” report provides overview of competitive landscape analysis, major trends, and key regional development status. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Big Data Analytics in Manufacturing Industry market report highlights details on the leading players of the market, along with various liable aspects related and connected with the market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
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Scope of the Report:
The manufacturing industry has evolved since the last industrial revolution. Technology has played a critical role in shaping the modern manufacturing industry. With the introduction of Industry 4.0, the production establishments took a step forward and implemented many IoT and IIoT solutions to get live feedback from factories and working environments. With the implementation of Machine to Machine services and telematics solutions in production establishments, the industry has moved from the traditional value chain to technology, asset, and engineering-oriented value chain
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Key Market Trends:
Condition Monitoring is expected to register a Significant Growth
Condition monitoring or the act of monitoring the condition of an asset, especially through real-time data points, forms the foundation of what has become known as Industry 4.0, in its basic form. An integral part of condition monitoring, within the IIoT ecosystem, is providing data that can then be used for Predictive Maintenance (PdM) and many more smart factory applications, such as Digital Twin.
Big data analytics, especially with predictive analytics, is a growing trend and often prompts discussions around centralizing data across multiple sites, so that the consistency of data is achieved. However, a significant roadblock remains the inability of many customers to convert the flood of new data into actionable information. Big Data systems need to monitor machine failures repeatedly before they can analyze adequately and predict effectively for the future.
For instance, overhead conveyor systems are used in assembly production lines in the automotive and other manufacturing industries. The failure of single support frames can lead to the disruption of entire production lines. A condition monitoring system based on big data analytics detects the problem at an early stage and, thus, prevents unplanned downtime.
North America is Expected to Hold Major Share
North America is among the lead innovators and pioneers, in terms of adoption, for big data analytics in the manufacturing industry, and is expected to hold a significant share over the forecast period. Manufacturing sector adds a lot of value to the US economy. According to Trading Economics, GDP from manufacturing in the United States increased to USD 2125.80 billion in the second quarter of 2018, from USD 2113.80 billion in the first quarter of 2018.
The manufacturing sector is also forecast to increase faster than the general economy. According to the MAPI (Manufacturers Alliance for Productivity and Innovation) foundation, production will grow by 2.8% from 2018 to 2021. According to the Digital Change Survey done by IFS in 2017, to assess the maturity of digital transformation in a range of sectors, such as manufacturing, oil and gas, aviation, construction and contracting, 46% of the companies in all industries are looking to invest in the big data and analytics.
American multinational corporation, Intel is finding significant value in big data. The company uses big data to develop chips faster, identify manufacturing glitches, and warn about security threats.
Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.
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Big Data Analytics in Manufacturing Industry Market Covers Following Points in TOC:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Evolving Value Chains
4.3.2 Rapid Industrial Automation Led by Industry 4.0
4.4 Market Restraints
4.4.1 Lack of Awareness and Security Concerns
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By End User
5.1.4 Other End Users
5.2 By Application
5.2.1 Condition Monitoring
5.2.2 Quality Management
5.2.3 Inventory Management
5.2.4 Other Applications
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Fair Isaac Corporation
6.1.2 Angoss Software Corporation
6.1.3 Alteryx Inc.
6.1.4 IBM Corporation
6.1.5 Microsoft Corporation
6.1.6 Tibco Software Inc. (Alpine Data)
6.1.7 SAS Institute Inc.
6.1.8 SAP SE
6.1.9 Oracle Corporation
6.1.10 RapidMiner Inc.
6.1.11 MicroStrategy Incorporated
6.1.12 Knime AG
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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