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Manufacturing Predictive Analytics Market Growing Popularity and Emerging Trends | IBM Analytics, SAP, General Electric
Manufacturing Predictive Analytics Market
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Summary
Global Manufacturing Predictive Analytics Market Overview:
Predictive analytics is a process that is used for predicting outcomes and data models with the help of relevant data and statistics. These analytical tools can be used for prediction of anything from sports outcomes to technical advancements and TV ratings to corporate earnings. Predictive analytics does not predict the future, instead, it forecasts the outcomes with an acceptable level of reliability, and also includes the scenarios of what-if and risk assessment. Doing these analytics helps the manufacturers to forecast future sales based on the sales that had happened in the past. Predictive analytics helps the manufacturing companies by keeping their machines running with the help of comparing the past machine failures so as to sensor such data from the machines and to recognize the patterns before any such breakdowns happen. Predictive analytics is also used for determining the customer’s response or kind of purchases, as well as helps in promoting the cross-sell opportunities. Predictive models help the businesses attract, maintain and grow their highly profitable customers. Analytic tools help companies in improving their overall operations. Many companies now use predictive models so as to forecast inventories and manage their resources effectively and efficiently. Some of the key players profiled in the study are IBM Analytics (United States), SAP (Germany), General Electric (United States), Siemens Industry Software Inc.(Germany), Sight Machine (United States), Element Analytics (United States), Microsoft Corporation (United States), Cisco Systems (United States), Alteryx Inc. (United States), SAS Institute Inc. (United States), Tibco Software Inc. (United States) and Oracle Corporation Inc. (United States).
On the basis of geography, the market of Manufacturing Predictive Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the Manufacturing Predictive Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Automobile Industry will boost the Manufacturing Predictive Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
Rise in Development of Software Applications like the Mobile Applications Which Provide Better Ease of Use and Accessibility
Advancement of Manufacturing Industries in Developing Countries
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Market Trend
Growing Data Investigation Activities in the Manufacturing Industry Fuels the Demand for Predictive Analytics Solutions among Various Manufacturing Enterprises
The Growing Trend of Industrial Internet of Things (IoT) All Across the Manufacturing Industry Will Boost the Overall Market
Restraints
Malfunctioning Of System Can Have Huge Impacts on Productivity and Efficiency
Opportunities
Growing Digital Transformation Activities among Different Industries Especially In the Emerging Economies
Increase in the Development of innovative Predictive Analytics solutions to gain
Challenges
Lack of Domain Expertise
Maintenance and Quality Control of Elements
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:
Service Providers for Manufacturing Predictive Analytics, Manufacturing Industry and Governmental Bodies
Major Objectives Focused through this Study
• To define, describe, and forecast the Global Manufacturing Predictive Analytics market on the basis of product [Services and Software] , application [Understand Supply Chain, Machine Utilization and Effectiveness, Demand Forecast, Managing Warehouse and Others], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Manufacturing Predictive Analytics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Manufacturing Predictive Analytics industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Bridgei2i Analytics Solutions (India), Fair Isaac Corporation (United States), Falkonry (United States) and Rockwell Automation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Manufacturing Predictive Analytics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Most important Highlights of TOC:
1 Introduction of Manufacturing Predictive AnalyticsMarket
1.1 Overview of the Market
1.2 Scope of Report
2 Exclusive Summary
3 Research Methodology
3.1 Primary Interviews
3.2 Data Mining
3.3 Validation
3.4 List of Statistics
4 Manufacturing Predictive Analytics Market Segment & Geographic Analysis [2014 -2026]
4.1 By Type
4.2 By Application
4.3 By Region / Country
5 Manufacturing Predictive Analytics Market Outlook
5.1 Overview
5.2 Market Dynamics
5.2.1 Opportunities
5.2.2 Restraints
5.2.3 Drivers
5.3 Five Force Model
5.4 Value Chain Analysis
6 Manufacturing Predictive Analytics Market Competitive Landscape
6.1 Overview
6.2 Key Development Policies
6.3 Company Market Standing
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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New Jersey USA – 08837
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sales@htfmarketreport.com
About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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