Manufacturing Predictive Analytics Market to Reach USD 2.52 Billion |Revolutionizing Manufacturing with Cutting-Edge Predictive Analytics

Advent of Industry 4.0, evolution of IIoT, and rise in operational efficiencies from big data initiatives fuel the growth of the global manufacturing predictive analytics market. On the other hand, dearth of skilled workforce and threat of cyber-attack restrain the growth to some extent. Nevertheless, development of smart data-driven organizations and interference of artificial intelligence (AI) into manufacturing are expected to create multiple opportunities in the near future.

The report provides a detailed analysis of the top investment pockets, wavering market trends, market size & estimations, and competitive scenario. As per the report, the global manufacturing predictive analytics industry was estimated at $535.0 million in 2018 and is expected to hit $2.52 billion by 2026, growing at a CAGR of 21.7% from 2019 to 2026.

☛ Request Sample Report at:  https://www.alliedmarketresearch.com/request-sample/6056

Key Benefits for Manufacturing Predictive Analytics Market:

1.This study includes the market analysis, trends, and future estimations to determine the imminent investment pockets.

2.The report presents information related to key drivers, restraints, and opportunities of the market.

3.The manufacturing predictive analytics market size is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.

4.Porter's five forces analysis illustrates the potency of the buyers & suppliers in the market.

The market for predictive analytics in the manufacturing sector is organized into distinct segments, including component, deployment, application, end user, and region. In terms of components, it can be classified into software and services. Regarding deployment methods, it is categorized as either cloud-based or on-premises solutions. For its intended applications, the market encompasses demand forecasting, machinery inspection and maintenance, product development, supply chain management, and various other uses. The end-user perspective further divides the market into semiconductor and electronics, energy and power, pharmaceuticals, automotive, heavy metal and machinery manufacturing, among others. Geographically, the global market is assessed across North America, Europe, Asia-Pacific, and LAMEA regions.

☛ For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/6056

The global market is expected to experience growth due to the increasing adoption of big data solutions in the manufacturing industry, driven by a growing demand for technological advancements among enterprises. The emergence of Industry 4.0, which harnesses advanced digital technologies to optimize and automate production processes, further contributes to market expansion during the forecast period. Moreover, Industry 4.0 technologies have spurred the integration of state-of-the-art solutions within manufacturing facilities, enhancing operational efficiency. This, in turn, is anticipated to propel the growth of the manufacturing predictive analytics market in the foreseeable future. Nevertheless, the market's growth may face some challenges due to a shortage of skilled labor in the field of predictive analytics.

Based on geography, North America held the lion's share in 2018, generating nearly two-fifths of the global manufacturing predictive analytics market. North American countries are expected to implement manufacturing predictive analytics solutions at a high rate to perk up the production factories operational efficiency in IT infrastructure. Simultaneously, the Asia-Pacific region would showcase the fastest CAGR of 24.6% till 2026. This is owing to the strong penetration of software-based services and rise in industrializations such as advent of Industry 4.0 in emerging economies such as China and India.

Access the full summary at:  https://www.alliedmarketresearch.com/manufacturing-predictive-analytics-market

Based on component, the software segment contributed to more than four-fifths of the global manufacturing predictive analytics market share in 2018 and is expected to dominate throughout 2019-2016. Rise in demand for Software-as-a-Service solutions among manufacturing industry owing to its user-friendly quality is one the major factors propelling the growth of the segment. The services segment, on the other hand, is projected to grow at the fastest CAGR of 24.4% during the study period.

Based on deployment, the on-premise segment accounted for nearly two-thirds of the global manufacturing predictive analytics market revenue in 2018 and is anticipated to retain its dominance by 2026. This is due to its high-performance capability offered via on-premise services. Simultaneously, the cloud segment would grow at the fastest CAGR of 24.4% throughout the estimated period.

☛ Buy Now & Get Exclusive Discount on this Report:  https://www.alliedmarketresearch.com/manufacturing-predictive-analytics-market/purchase-options

Leading Market Players:

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

☛ Inquiry Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/6056

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.