Global Big Data Market in the Manufacturing Sector Expecting to Grow at a CAGR of 16.87% during the period 2016-2020

Albany, New York, June 28, 2016 - Demand for big data in manufacturing is poised to surge as the volume of data being stored by the manufacturing sector continues to grow. The market is also expected to gain impetus from the need for developing competitive strategies. A new analysis added to the repository of Market Research Hub studies the prospects for the global big data in manufacturing sector market in detail. The report is titled “Global Big Data in the Manufacturing Sector Market 2016-2020,” and is available for sale on the company website.

Demand for big data solutions is increasing at a robust pace since they provide relevant information about an enterprise’s performance. They also help companies to effectively store a large volume of data generated on a daily basis, ranging from employee details to product portfolio.

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A comprehensive overview of the various factors influencing the global big data market is included in this research report. The report has attributed factors such as the advent of M2M technology for the robust growth that the market is likely to exhibit in the near future. The M2M technology enables machines to securely connect and interact over a network. The surging demand for the technology in the IT and manufacturing landscape is driven by its ability to track safety and security measures, provide remote access, and ensure 24*7 monitoring and automated energy response. Furthermore, the ability of the technology to enhance IT efficiency for government operations and businesses by automating processes and enterprise resource planning will augment its growth pace over the next few years.

The global big data in the manufacturing sector market can be broadly classified into hardware, software, and services. Of these, the services segment is expected to hold the largest share in the market during the forecast period from 2016 to 2020. The lack of skilled professionals in the manufacturing sector will compel enterprises to invest on training and consulting services. This will provide attractive opportunities for the market to gain from. The ability of big data analytics to transform organizational data into actionable insights has been the prime factor spurring its adoption across the manufacturing companies worldwide.

By solution type, the big data market can be segmented into process manufacturing, mixed-mode manufacturing, and discrete manufacturing. Of these, the discrete manufacturing sector held a major share in the market in 2015. Enterprises operating in the discrete manufacturing segment produce consumer electronics goods, appliances, computer accessories, and other household items.

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The report studies in detail the various factors influencing the market’s growth across the aforementioned segments. To provide insights into the prevailing competitive landscape, various companies operating in the market are profiled in the report. The report has identified Oracle, EMC, IBM, and HP as the key vendors in the market. Some of the other companies profiled in the report are Amazon Web Services, Capgemini, Accenture, Fujitsu, and ParAccel.

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This release was published on openPR.