Latest News- Big Data In Manufacturing Market: Services is expected to lead the Type segment during 2025-2029

The Big Data In Manufacturing Market is being driven by Rising adoption of industry 4.0

The Big Data In Manufacturing Market is expected to grow at a CAGR of 26.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 21444.1 million. In the realm of manufacturing, Artificial Intelligence (AI) and Machine Learning (ML) algorithms play a pivotal role in optimizing operations and enhancing productivity. Predictive maintenance is one such application where AI and ML are utilized to analyze historical equipment data, forecasting potential machine failures before they occur. By implementing this approach, manufacturers experience reduced downtime, lower maintenance costs, and extended equipment lifespan. Furthermore, AI-powered image recognition and ML algorithms are employed during production to identify defects and anomalies in real-time. This results in improved product quality, reduced waste, and increased efficiency. ML models are also used to analyze vast datasets from manufacturing processes, providing valuable insights for optimization opportunities. Manufacturers leverage these insights to streamline operations, reduce resource consumption, and enhance overall performance. In addition, AI-driven demand forecasting, inventory optimization, and route planning have become standard practices in modern supply chain management. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Services
  • Solutions
• Deployment
  • On-premises
  • Cloud-based
  • Hybrid
• Application
  • Operational analytics
  • Production management
  • Customer analytics
  • Supply chain management
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of industry 4.0
• Increasing data generation
• Emergence of advanced analytics and AI

However, the market also witnesses some limitations, which are as follows:

• Complexity of big data analytics
• High cost of implementing big data
• Lack of skilled big data professionals

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Market Scope in Big Data In Manufacturing Market Research Report

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Research Analysis Overview

In the realm of manufacturing, Big Data is revolutionizing industries through sensor networks, PLC programming, and SCADA systems in industrial automation. Smart Manufacturing emerges, enabling data-driven decision making via predictive maintenance software and manufacturing simulation tools. AI-powered quality control, cloud-based data analytics, and edge AI heighten efficiency. Real-time monitoring systems, automated reporting, business intelligence, and KPI tracking optimize performance. Sustainability focuses on carbon footprint reduction, circular economy, lifecycle analysis, and supply chain visibility. Blockchain technology and digital thread ensure transparency.

Market Research Overview

In the expansive realm of the global IT software industry, the Big Data in Manufacturing market occupies a significant segment. This market encompasses businesses specializing in data acquisition, integration, visualization, analytics, predictive modeling, and machine learning solutions. These companies contribute to the system software market, which includes application development and management software, cloud computing, data centers, IT management, mobility, networking, security, and storage software. According to Technavio's analysis, the system software market size is determined by the consolidated revenue generated from the provision of all types of systems software, including cloud-based solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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