Technology

Big Data Analytics in Manufacturing Industry Market: New Business Opportunities and Investment Research Report 2027

Transparency Market Research (TMR) report reveals crucial information about trends, analysis, share, and size of the global big data analytics in manufacturing industry market. The report also goes on to shed some light on growth factors and restraints that may affect the global big data analytics in manufacturing industry market during the forecast period.

Global Big Data Analytics in Manufacturing Industry Market: Key Developments

Some of the recent and notable developments that had taken place in the global big data analytics in manufacturing industry market are as follows.

  • The tech giant IBM and general insurance company HDFC Ergo are collaborating to set up a data lab in India. This project is underway and the objective of this project is to reduce the turnaround time and offer automated customer service through real time email communication.
  • The data activation giant, Qubole has joined hands with search engine giant Google to offer an enhanced experience to users in the field of engineering and data science. With the help of Google cloud platform the companies will be able to leverage the new analytics with improved user experience. This will help in minimizing the cost of operations in data analytics.

The global big data analytics in manufacturing industry market is extensively competitive and fragmented. There are numerous players that are operating in the global data analytics in manufacturing industry market. The prominent players in the marketing are adopting strategies such as collaborations to increase their market share and expand their portfolio across the globe.

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Global Data Analytics in Manufacturing Industry Market: Key Trends

Following are the key trends, drivers and restraints of the global big data analytics in manufacturing industry market.

Market Conditions Monitoring to Pave Way for Significant Growth

The market monitoring conditions of an asset in real times is known as Industry 4.0, the trend of digitalization of industries. This allows the data that can be offered for predictive maintenance and deploying the same in factories.

Predictive analysis is a growing trend in big data analytics that often talks about centralizing the data across the industries and multiple sites of the sector. This allows in achieving data consistency. This nudges the expansion of the global big data analytics in manufacturing industry market.

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