Manufacturing Predictive Analytics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The predictive analytics is the analysis of the collected and incoming data to identify potential problems at an early stage. The predictive analytics in manufacturing can help significantly in quality control while also reducing production costs by minimizing waste arising due to overproduction, logistics, idle time, and unnecessary motion. Positive economic outlook and rapid globalization are expected to boost the growth of the manufacturing predictive analytics market during the forecast period.

MARKET DYNAMICS

The manufacturing predictive analytics market is foreseen to flourish in the forecast period owing to driving factors such as growth in digitalization coupled with government initiatives favoring big data projects. Growth in the industrial internet of things (IIoT) devices is expected to propel the market demand. However, data security concerns may hamper the growth of the manufacturing predictive analytics market during the forecast period. Nevertheless, data-driven organizations offer lucrative opportunities for the growth of the manufacturing predictive analytics market during the forecast period.

MARKET SCOPE

The "Global Manufacturing Predictive Analytics Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of manufacturing predictive analytics market with detailed market segmentation by component, application, industry vertical, and geography. The global manufacturing predictive analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading manufacturing predictive analytics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global manufacturing predictive analytics market is segmented on the basis of component, application, and industry vertical. Based on component, the market is segmented as software, hardware, services. On the basis of the application, the market is segmented as machine utilization, quality improvement, safety & preventive maintenance, and others. The market on the basis of the industry vertical is classified as aerospace, automotive, chemicals, building & construction, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global manufacturing predictive analytics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The manufacturing predictive analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting manufacturing predictive analytics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the manufacturing predictive analytics market in these regions.

Manufacturing Predictive Analytics Market Report Analysis

Manufacturing Predictive Analytics Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Civis Analytics
• Fair Isaac Corporation
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• RapidMiner, Inc.
• SAP SE
• SAS Institute Inc.
• Tableau Software, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Software
• Hardware
• Services

By Application

• Machine Utilization
• Quality Improvement
• Safety and Preventive Maintenance

By Industry Vertical

• Aerospace
• Automotive
• Chemicals
• Building and Construction

MARKET PLAYERS

The reports cover key developments in the manufacturing predictive analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from manufacturing predictive analytics market are anticipated to lucrative growth opportunities in the future with the rising demand for manufacturing predictive analytics in the global market. Below mentioned is the list of few companies engaged in the manufacturing predictive analytics market.

The report also includes the profiles of key manufacturing predictive analytics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Civis Analytics
• Fair Isaac Corporation
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• RapidMiner, Inc.
• SAP SE
• SAS Institute Inc.
• Tableau Software, Inc.
• TIBCO Software Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Manufacturing Predictive Analytics Market Report Scope