Plant data services are analytical services provided to convert big data into smart data. These services provide technologies which combine fast processing of large volumes of data with global availability and web-based display of results derived from the analysis. Plant data services enable the use of modern cloud computing techniques for collecting, storing, and assessing the sensitive production data in a secure and reliable manner. Plant data services provide tools that integrate, simplify, streamline, and hasten processes such as design and engineering, installation and commissioning, and operations and maintenance.

Plant data services provide numerous advantages over conventionally used methods of data collection, storage, and analysis. These services provide modern cloud technologies which perform the valuable function of converting production data of a manufacturing plant into valuable information to enhance the efficiency of data analysis process. This enables corporate executives, in manufacturing plants, to take fact-based strategic decisions to speed-up their manufacturing processes, lower manufacturing costs by nearly 30%, increase the throughput upto 50%, and reduce the marketing time of products by around 30% using of Internet of Things (IoT).

Few characteristics of the plant data services include smart assembly, visual factory, plant-wide visibility, and plant alarm & event resolution.

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Plant data services aid in predicting situations and events and allowing the respective industrial authorities to take some strategic decisions for efficient handling of the business. The plant data services continuously collects and analyzes data produced by individual printing machines, thereby improving business efficiency.

Based on the purpose for which the services are provided, the plant data services market is segmented into optimize energy performance, master asset uptime, maximize process efficiency, enhance industrial cyber-security, and digitalization of industries. Plant data services used to optimize energy performance can help save energy required for manufacturing in the production plants upto 22% with the help of energy analytics techniques. These services employed to master asset uptime ensures machine and plant availability upto 99%.

Based on geography, the plant data services market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The plant data services market in North America is expected to dominate the global market due to the flourishing industrialization and rapid adoption of advanced technology in the region.

Key players operating in the plant data services market are Siemens AG, Accenture, Deloitte Touche Tohmatsu Limited, IBM, SAP, Hewlett Packard Enterprise Development LP, Teradata, PricewaterhouseCoopers LLP.