The global Industrial Analytics market reached ~US$ xx Mn in 2018 and is anticipated grow at a CAGR of xx% over the forecast period 2019-2029. In this Industrial Analytics market study, the following years are considered to predict the market footprint:
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2025
The business intelligence study of the Industrial Analytics market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the Industrial Analytics market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the Industrial Analytics market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the Global region.
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Industrial analytics plays a critical role in reshaping some vital industrial principles and changing paradigms long held in rather conservative industrial environments. Apart from enabling select new business cases, industrial analytics has a crucial part in the decision-making process of industrial firms operating today. Several industrial companies have a dedicated organizational unit for data analytics and devise company-wide data analytics strategies for improved business decisions. Industrial analytics could be highly demanded on the lines of three main applications, i.e. analysis of product usage in fields, marketing or customer-related analytics, and prescriptive and predictive maintenance of machines.
Global Industrial Analytics Market: Segmentation
The international industrial analytics market is foreseen to be segmented as per four categories, viz. component, end user, application, and industry. According to a segmentation by component, the market could be divided into software, professional services, managed services, and other support services. Amongst these, the software segment is foretold to secure a stronger share in the market in the near future. In 2017, it recorded a share of 48.0%.
In respect of end user, the international industrial analytics market could be segregated into large enterprise and small and medium enterprise. By application, advanced robotics, advanced materials, smart factories, smart, connected machines, and other applications are anticipated to be key segments of the market. As per industry, there could be segments such as oil and gas, energy and utilities, government, manufacturing, telecommunication, automotive, and others.
Regionally, the international industrial analytics market is predicted to be classified into North America as a major region accounting for a leading share. Asia Pacific Excluding Japan (APEJ) and Europe could be among the markets with better revenue growth. However, the Middle East and Africa (MEA) and Japan are expected to struggle with their growth in the coming years. Latin America could be another important region to consider.
Global Industrial Analytics Market: Competition
Some of the crucial players of the worldwide industrial analytics market are projected to be General Electric Company, Hewlett Packard Enterprise Company, International Business Machines Corporation, Microsoft Corporation, SAP SE, Cisco Systems, Inc., Intel Corp., Oracle Corp, TIBCO Software, Inc., and Hitachi Ltd.
Each market player encompassed in the Industrial Analytics market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the Industrial Analytics market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
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What insights readers can gather from the Industrial Analytics market report?
- A critical study of the Industrial Analytics market on the basis of segment 1, segment 2 and segment 3.
- Learn the behavior pattern of every Industrial Analytics market player – product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global Industrial Analytics landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
The Industrial Analytics market report answers the following queries:
- Which players hold the significant Industrial Analytics market share and why?
- What strategies are the Industrial Analytics market players forming to gain a competitive edge?
- Why region is expected to lead the global Industrial Analytics market?
- What factors are negatively affecting the Industrial Analytics market growth?
- What will be the value of the global Industrial Analytics market by the end of 2029?
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