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PUBLISHER: IMARC | PRODUCT CODE: 1390670
PUBLISHER: IMARC | PRODUCT CODE: 1390670
Manufacturing Predictive Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global manufacturing predictive analytics market size reached US$ 1,138 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,467 Million by 2028, exhibiting a growth rate (CAGR) of 20.40% during 2022-2028.
Manufacturing predictive analytics refers to the interpretation and analysis of data related to the operations, events and technologies utilized in the manufacturing industry. The data is obtained from the Industrial Internet of Things (IIoT)-enabled sensors, mobile and web applications and devices and is stored on the cloud server. The analysis involves inventory stocking, quality monitoring and anomaly detection. It is also used for predicting operational challenges and potential breakdowns in the machinery, maintaining quality standards, improving performance, optimizing supply chains and minimizing costs. Manufacturing predictive analytics offers real-time contextual awareness, aids in digitizing the operations and accelerating innovation. As a result, it finds extensive applications across various industries, including retail, automotive, logistics and information technology (IT).
Manufacturing Predictive Analytics Market Trends:
The rapid digitization of the manufacturing industry across the globe is one of the key factors driving the growth of the market. Moreover, the increasing requirement for smart and scalable factory solutions is providing a thrust to the market growth. Manufacturing predictive analytics uses statistical tools and multiple data points to improve product quality, gain insights regarding the market trends and conduct preventive maintenance. In line with this, the rising demand for effective remote monitoring solutions due to the coronavirus (Covid-19) pandemic is also contributing to the market growth. Various technological advancements, such as the integration of manufacturing technologies with artificial intelligence (AI), big data and machine learning (ML) solutions, are acting as other growth-inducing factors. These solutions provide enhanced transparency, internal audits, fraud risk management and improved administrative performance. Other factors, including the emergence of Industry 4.0, along with the widespread adoption of business intelligence (BI) solutions, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global manufacturing predictive analytics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment model, application and end use industry.
Breakup by Component:
Software
Services
Breakup by Deployment Model:
Cloud-based
On-premises
Breakup by Application:
Demand Forecasting
Machinery Inspection and Maintenance
Product Development
Supply Chain Management
Others
Breakup by End Use Industry:
Semiconductor and Electronics
Energy and Power
Pharmaceutical
Automobile
Heavy Metal and Machine Manufacturing
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., BRIDGEi2i Analytics, Cisco Systems Inc., Civis Analytics, FICO, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, RapidMiner Inc., SAP SE, SAS Institute Inc. and TIBCO Software Inc.
Key Questions Answered in This Report
- 1. How big is the global manufacturing predictive analytics market?
- 2. What is the expected growth rate of the global manufacturing predictive analytics market during 2023-2028?
- 3. What are the key factors driving the global manufacturing predictive analytics market?
- 4. What has been the impact of COVID-19 on the global manufacturing predictive analytics market?
- 5. What is the breakup of the global manufacturing predictive analytics market based on the component?
- 6. What is the breakup of the global manufacturing predictive analytics market based on the deployment model?
- 7. What are the key regions in the global manufacturing predictive analytics market?
- 8. Who are the key players/companies in the global manufacturing predictive analytics market?
Product Code: SR112023A4480
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Manufacturing Predictive Analytics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Deployment Model
- 7.1 Cloud-based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 On-premises
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Demand Forecasting
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Machinery Inspection and Maintenance
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Product Development
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Supply Chain Management
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by End Use Industry
- 9.1 Semiconductor and Electronics
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Energy and Power
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Pharmaceutical
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Automobile
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Heavy Metal and Machine Manufacturing
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Alteryx Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 BRIDGEi2i Analytics
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Cisco Systems Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Civis Analytics
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 FICO
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 International Business Machines Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Microsoft Corporation
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Oracle Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 RapidMiner Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 SAP SE
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 SAS Institute Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 SWOT Analysis
- 15.3.12 TIBCO Software Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 SWOT Analysis
- 15.3.1 Alteryx Inc.
Product Code: SR112023A4480
List of Figures
- Figure 1: Global: Manufacturing Predictive Analytics Market: Major Drivers and Challenges
- Figure 2: Global: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Manufacturing Predictive Analytics Market: Breakup by Component (in %), 2022
- Figure 5: Global: Manufacturing Predictive Analytics Market: Breakup by Deployment Model (in %), 2022
- Figure 6: Global: Manufacturing Predictive Analytics Market: Breakup by Application (in %), 2022
- Figure 7: Global: Manufacturing Predictive Analytics Market: Breakup by End Use Industry (in %), 2022
- Figure 8: Global: Manufacturing Predictive Analytics Market: Breakup by Region (in %), 2022
- Figure 9: Global: Manufacturing Predictive Analytics (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Manufacturing Predictive Analytics (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Manufacturing Predictive Analytics (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Manufacturing Predictive Analytics (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Manufacturing Predictive Analytics (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Manufacturing Predictive Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Manufacturing Predictive Analytics (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Manufacturing Predictive Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Manufacturing Predictive Analytics (Demand Forecasting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Manufacturing Predictive Analytics (Demand Forecasting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Manufacturing Predictive Analytics (Machinery Inspection and Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Manufacturing Predictive Analytics (Machinery Inspection and Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Manufacturing Predictive Analytics (Product Development) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Manufacturing Predictive Analytics (Product Development) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Manufacturing Predictive Analytics (Supply Chain Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Manufacturing Predictive Analytics (Supply Chain Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Manufacturing Predictive Analytics (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Manufacturing Predictive Analytics (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Manufacturing Predictive Analytics (Semiconductor and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Manufacturing Predictive Analytics (Semiconductor and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Manufacturing Predictive Analytics (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Manufacturing Predictive Analytics (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Manufacturing Predictive Analytics (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Manufacturing Predictive Analytics (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Manufacturing Predictive Analytics (Automobile) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Manufacturing Predictive Analytics (Automobile) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Manufacturing Predictive Analytics (Heavy Metal and Machine Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Manufacturing Predictive Analytics (Heavy Metal and Machine Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Manufacturing Predictive Analytics (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Manufacturing Predictive Analytics (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: United States: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: United States: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Canada: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Canada: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Asia-Pacific: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Asia-Pacific: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: China: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: China: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Japan: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Japan: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: India: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: India: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: South Korea: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: South Korea: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Australia: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Australia: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Indonesia: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Indonesia: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Germany: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Germany: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: France: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: France: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: United Kingdom: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: United Kingdom: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Italy: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Italy: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Spain: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Spain: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Russia: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Russia: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Latin America: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Brazil: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Brazil: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Mexico: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Mexico: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Middle East and Africa: Manufacturing Predictive Analytics Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Middle East and Africa: Manufacturing Predictive Analytics Market: Breakup by Country (in %), 2022
- Figure 87: Middle East and Africa: Manufacturing Predictive Analytics Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Global: Manufacturing Predictive Analytics Industry: SWOT Analysis
- Figure 89: Global: Manufacturing Predictive Analytics Industry: Value Chain Analysis
- Figure 90: Global: Manufacturing Predictive Analytics Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Manufacturing Predictive Analytics Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Manufacturing Predictive Analytics Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Manufacturing Predictive Analytics Market Forecast: Breakup by Deployment Model (in Million US$), 2023-2028
- Table 4: Global: Manufacturing Predictive Analytics Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Manufacturing Predictive Analytics Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 6: Global: Manufacturing Predictive Analytics Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Manufacturing Predictive Analytics Market: Competitive Structure
- Table 8: Global: Manufacturing Predictive Analytics Market: Key Players
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