Pune, India, Sept. 23, 2022 (GLOBE NEWSWIRE) — The global Big data in the manufacturing industry Size is projected to reach $9.11 billion by the end of 2026. The market was worth $3.22 billion in 2018 and will feature a CAGR of 14.0% in the forecast period 2019-2026. Cross-industry applications of the concept will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights
Industry Developments:
- June 2016 – Accenture Plc. announced the launch of seven advanced analytics applications, each of which will help uncover fraud across multiple industries including banking, government agencies, manufacturing and telecom.
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Report scope and segmentation
| report coverage | details |
| forecast period | 2018 to 2026 |
| Forecast period 2018 to 2026 CAGR | 14.1% |
| Value prognosis 2026 | $9.11 billion |
| base year | 2021 |
| Big data in the manufacturing industry in 2011 | $3.22 billion |
| Historical data for | 2014 to 2017 |
| number of pages | 140 |
| segments covered | Offer, Deployment, Application and Geography |
| Big data in the manufacturing industry as a growth driver | The optimization of supply chain management and production process is expected to propel the market |
| Increasing acceptance of automation in manufacturing industry will facilitate market growth |
Full lockdown restrictions to boost demand for automation systems during COVID-19
The temporary closure of production facilities and the further reduction in the number of employees affected the production volume in all sectors. In the first months of 2020, the home automation devices and products experienced a significant decline in their production as well as an unbalanced supply chain. The proportion of spending on smart devices was also reduced due to the irregular financial disaster. This has negatively affected the growth and growth from year to year…
