DUBLIN--(BUSINESS WIRE)--Sep 3, 2018--The "Global Big Data Analytics in Manufacturing Industry Market - Segmented by End User, Application (Condition Monitoring, Quality Management, Inventory Management), and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The market is expected to register a CAGR of 38.62% over the forecast period (2018-2023).

It is estimated that the data generated in a day in the current global scenario is equivalent to the data generated over the last decade. To handle such huge amounts of data, Big Data has often proved to be a useful tool. With the concept of Industry 4.0 shaping the production establishments in the modern manufacturing industry, the amount of data produced from the manufacturing sector grew rapidly.

Many application in the field of semiconductor, pharmaceutical, and automotive industry where manufacturers have to monitor several variables to ensure the quality of end products, Big Data analytics proved to be more fruitful than traditional methods. Although the results of Big Data analytics are encouraging, the manufacturing industry has not yet realized the complete potential of the technology. This provides good scope for Big Data analytics in the manufacturing industry to expand in the future.

Key Highlights

Evolving Value Chains to Drive Demand in Manufacturing Condition Monitoring Stands to be Top Priority

Notable Developments in the Market

RapidMiner announced the immediate availability of their products RapidMiner 8.1 and RapidMiner Auto Model. Knime AG announced the release of KNIME Analytics Platform 3.4.

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Market Segmentation

6. Company Profiles

Alteryx Inc. Angoss Software Corporation Fair Isaac Corporation IBM Corp. Knime AG Microsoft Corporation MicroStrategy Inc. Oracle Corporation RapidMiner Inc. SAP SAS Institute Inc. Tibco Software Inc. (Alpine Data)

7. Investment Analysis

8. Future of the Market

For more information about this report visit https://www.researchandmarkets.com/research/dgf4p2/big_data?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180903005164/en/

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Related Topics:Big Data,Industrial Automation,Data Analytics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/03/2018 08:47 AM/DISC: 09/03/2018 08:48 AM

http://www.businesswire.com/news/home/20180903005164/en