Global Big Data Analytics in Transportation Market Size study & Forecast, by Component (Software and Services), by Application (Customer Analytics and Loyalty Marketing, Customer and Pricing Optimization, Predictive Maintenance Analysis) and Regional Anal

Global Big Data Analytics in Transportation Market Size study & Forecast, by Component (Software and Services), by Application (Customer Analytics and Loyalty Marketing, Customer and Pricing Optimization, Predictive Maintenance Analysis) and Regional Analysis, 2022-2029

Global Big Data Analytics in Manufacturing Market is valued at approximately USD 1.18 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 30.9 % over the forecast period 2022-2029. Big data analytics in manufacturing assists businesses in improving supply chain planning, process defect tracking, and component defect tracking. One of the most important applications of big data analytics is predictive analytics, which is used to extract information from data and predict trends and behaviour patterns. The increasing automation across industries and growing demand for big data analytics in supply chain optimization are key factors driving market growth.

Over the years the spending on automation from different industries including automobiles has significantly increased creating strong demand for Global Big Data Analytics Market. For instance – according to Statista - In 2020, the global industrial automation market is expected to be worth USD 175 billion. The market is projected to grow at a compound annual growth rate (CAGR) of around nine percent until 2025. The global industrial automation market is expected to reach USD 265 billion by 2025. Also, rising usage of Predictive Analytics Tools as well as growing emergence of (Industrial Internet of Things) IIoT solutions would create lucrative growth opportunities for the market over the projected period. However, limited awareness and concern over data privacy hinder the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Big Data Analytics in Manufacturing Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the increasing number of strategic collaborative initiatives between leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing penetration of smart manufacturing as well as the region being one of the leading hubs for automotive manufacturing would offer lucrative opportunities for the market over the projected period.

Major market players included in this report are:
IBM Corporation
SAP SE
Microsoft Corporation
Oracle Corporation
SAS Institute Inc.
OpenText Corporation
Microstrategy
Information Builders
Tableau Software Inc.
Qlik Technologies Inc.

Recent Developments in the Market:
In June 2020, in order to fulfil the expanding demand for process automation and predictive maintenance in the industrial and logistics sectors across Southeast Asia, Japan, and North America, Microsoft Corporation teamed up with Hitachi. Both businesses intend to broaden the collaboration's application to additional industries.

In October 2019, Erbessd Instruments announced the launch of Phantom, a wireless vibration monitoring device that combines additional metrics including temperature, current, RPM, and speed into a single diagnosis system. Both a local database and a cloud-based system can receive data from it. With any gadget, whether a smartphone, computer, or tablet, the user can always keep tabs on their equipment.

Global Big Data Analytics in Manufacturing Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Application, Deployment Mode, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component
Software
Service

By Application
Predictive Maintenance
Budget Monitoring
Product Lifecycle Management
Field Activity Management
Others
By Deployment Mode
Cloud
On-premise

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

IBM Corporation
SAP SE
Microsoft Corporation
Oracle Corporation
SAS Institute Inc.
OpenText Corporation
Microstrategy
Information Builders
Tableau Software Inc.
Qlik Technologies Inc.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.