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Growth at a CAGR of 38.62 % in the Big Data Analytics in Manufacturing Industry Market over the forecast period (2018 - 2023)| Major Vendors - SAP, TIBCO SOFTWARE INC. (ALPINE DATA), MICROSOFT CORPORATION, SAS INSTITUTE INC., IBM CORP., amongst others

03-14-2019 08:46 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

It is estimated that the data generated in a day in current global scenario is equivalent to the data generated in last decade. To handle such huge amounts of data, Big Data has often proved to be a useful tool. 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 the traditional methods.

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Technology has played a critical role in shaping the modern manufacturing industry. 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. 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 to the Big Data analytics in the manufacturing industry to expand in the future. Among all the different applications that Big Data analytics is used for in the manufacturing industry, condition monitoring proves to be growing at a faster pace.

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Market Segments:
Big Data Analytics in Manufacturing Industry Market is segmented by:
1. End User: Semiconductor, Pharmaceutical, Automotive, Others
2. Application: Condition Monitoring, Quality Management, Inventory Management, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•February 2018 - RapidMiner announced the immediate availability of their products RapidMiner 8.1 and RapidMiner Auto Model.
•December 2017 - Knime AG announced the release of KNIME Analytics Platform 3.4. The model is set to support machine learning integrations and cloud connectivity. These additional capabilities are expected to give a competitive edge to the company over the rivals.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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