Industrial analytics Market worth 25.51 Billion US$ till 2022 | Global Forecast, Trends, Opportunity and Industry Analysis

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The Global Industrial Analytics Market to grow from US$ 11.29 Billion in 2017 to US$ 25.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%. The industrial analytics market is growing rapidly owing to the transition from traditional industrial Business Intelligence (BI) techniques to advanced BI and analytics techniques, and the massive surge in the volumes of industrial data across industry verticals due to the advent of IIoT.

“Energy and utilities vertical to have the highest growth rate during the forecast period”
Industrial analytics solutions have been deployed across various industry verticals, including telecommunications and IT, retail &consumer goods, manufacturing, energy &utilities, transportation &logistics, and others. The energy & utilities vertical is expected to grow at the highest CAGR during the forecast period, because of the increasing need for managing real-time data of Radio-Frequency Identifications (RFIDs), sensors, Rich Site Summary (RSS) feeds, smart meters, and smart grids.

“North America is expected to hold the largest market share”
North America, followed by Europe, is expected to remain the largest revenue generating region for the industrial analytics vendors over the next 5years. This is mainly due to the presence of Canada and the US, and the high focus on innovations through R&D, and technology across industry verticals in the region.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the industrial analytics market.
• By Company Type: Tier 1:22%, Tier 2:30%, and Tier 3:48%
• By Designation: C-Level:30%, Director Level:45%, and Others:25%
• By Region: North America:48%, Europe: 30%, APAC: 22%

The Study Objectives of this report are:

• To describe and forecast the market size of the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America

• To describe and forecast the global industrial analytics market, in terms of components, analytics types, deployment models, organization sizes, industry verticals, and regions

• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the industrial analytics ecosystem

• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders

• To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the industrial analytics market

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#Top Key Players in the “Industrial analytics Market” include are General Electric (US),IBM Corporation (US),Microsoft Corporation (US),Oracle Corporation (US),PTC, Inc. (US),SAS Institute (US),SAP SE (Germany),Cisco Systems, Inc. (US),HPE (US),Intel Corporation (US),Hitachi, Ltd. (Japan),TIBCO Software, Inc. (US),AGT International (Switzerland),Bridgei2i Analytics Solutions (India),Alteryx, Inc. (US).

#Target Audience for Industrial analytics Market: Solution vendors,Original Equipment Manufacturers (OEMs),System integrators,Advisory firms,National regulatory authorities,Venture capitalists,Private equity groups,Investment houses,Equity research firms.

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