What's the driving factor for Manufacturing Predictive Analytics Market? Latest report including Top Key Players like Cisco, IBM, Microsoft, Oracle, SAP SE, SAS Institute and Tibco Software

Predictive Analytics is a technique which that uses statistical tools. Predictive analytical tools are used to predict the future events by making use of data from the past and present. Manufacturing predictive analytics industry includes some data points where the information is gathered for future use of analysis and manufacturing predictive analytics is used for the detection of future problems.

Increase in digitalization and government initiatives for big data projects is expected to propel the growth of manufacturing predictive analytics market. Furthermore, increase in technological development activities is also expected to boost the manufacturing predictive analytics market growth. For instance, in January 2020, OneStream Software has launched new predictive analytics solution which provides advanced planning and forecasting capabilities for OneStream XF platform.

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Major Key Players Included in Manufacturing Predictive Analytics Market

Alteryx, Inc., Bridgei2i Analytics Solutions, Cisco Systems Inc., Fair Isaac Corporation, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute, Inc., and Tibco Software, Inc.

Lack of data privacy and data storage are the major restraining factors which are expected to hinder the growth of manufacturing predictive analytics market.

Rise in demand for predictive analytics solution is expected to propel the growth of manufacturing predictive analytics market. For instance, in July 2018, Preseno has lunched new predictive maintenance solution that is Automated Machine and Deep Learning (Auto-ML).

Furthermore, Establishment of strategic partnership activities by key competitors is expected to grow the manufacturing predictive market. For instance, in November 2019, Arch Systems partnered with Flex for development and manufacturing of data and its facilities.

Manufacturing predictive market is segmented on the basis of component such as software, Hardware, and Others, by Function such as On-Premise, and Off-Premise, by Application such as Demand Forecasting, Product Development, supply Chain Management, Machinery Inspection & Maintenance, and Others. The manufacturing predictive analytics market is further segmented into End User such as Semiconductor & Electronics, Energy & Power, Pharmaceuticals, Automobile, Heavy Metal & Machine Manufacturing, and Others.
Manufacturing Predictive Analytics is further segmented into five regions such as North America, Europe, Latin America, Asia Pacific, Middle East and Africa.

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