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Big Data Analytics in Manufacturing Industry Set to Exceed $4.5 Billion by 2025 - Condition Monitoring to Register Significant GrowthDUBLIN, April 1, 2020 /PRNewswire/ -- The "Big Data Analytics in Manufacturing Industry Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The Global Big Data Analytics in Manufacturing Industry was valued at USD 904.65 million in 2019 and is expected to reach USD 4.55 billion by 2025, at a CAGR of 30.9% over the forecast period, 2020-2025. 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. Competitive Landscape The Big Data Analytics In Manufacturing Industry Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on big data analytics in manufacturing technologies to strengthen their product capabilities. In January 2018, Datawatch has completed the acquisition of Angoss Software. This acquisition is expected to help the company to expand data science capabilities, which will enable the data scientists to perform predictive and prescriptive analytics in a wide variety of enterprise applications. Key Topics Covered 1 INTRODUCTION 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 5.1.1 Semiconductor 5.1.2 Aerospace 5.1.3 Automotive 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 Geography 5.3.1 North America 5.3.2 Europe 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 For more information about this report visit https://www.researchandmarkets.com/r/l85ao8 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Media Contact: View original content:http://www.prnewswire.com/news-releases/big-data-analytics-in-manufacturing-industry-set-to-exceed-4-5-billion-by-2025---condition-monitoring-to-register-significant-growth-301033518.html SOURCE Research and Markets |