Global Industrial Analytics Market size is Expected to Reach USD 36.73 Bn By 2025 | Cisco Systems, IBM Corporation, General Electric Company, Amazon Web Services Inc., Oracle Corporation

The Industrial Analytics Market was valued at USD 13.60 billion in 2019 and is expected to reach USD 36.73 billion by 2025, at a CAGR of 18% over the forecast period 2020- 2025. The rising trend of Industry 4.0 will drive the market in the forecast period.

Industrial analytics is the tool that turns machine data into actionable insights, thereby promoting efficient industry operations and business processes. Industry analytics tools use traditional methods of data capture and statistical modelling and pair them with advanced analytics algorithms.

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Market By Top Companies:

Cisco Systems, IBM Corporation, General Electric Company, Amazon Web Services Inc., Oracle Corporation, Hewlett-Packard Enterprise, Robert Bosch GmbH, Microsoft Corporation, SAP SE, ABB Ltd.

Industry Research Coverage

Manufacturing Sector to Dominate the Market Over the Forecast Period

- Industrial analytics finds application in the emerging industry of manufacturing sector, and this is primarily because of its significant demands through increasing ever-changing technology. Companies are now capable of building and executing predictive algorithms in real time on a big data environment.

- In early days, simple basket analysis was used to make the prediction, but after the execution of industrial analytics in the manufacturing sector, this is done by using operational-specific predictive algorithms.

- Implementation of Industrial IoT in the era of industry 4.0 generates scope for the market of connected hardware that is collecting and sharing data via a secured network. To move towards business intelligence and become an intelligent business company, they are embedding analytics across the entire value chain.

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Competitive Landscape

The major players include Intel, Cisco Systems, IBM, General Electric, Amazon.com, Oracle Corporation, Hewlett-Packard, Microsoft Corporation, Genpact, amongst others. The market is fragmented since there is high competition among major players due to the adoption of industry 4.0 and the companies spending heavy amounts in the R&D for better operational activities. Therefore, the market concentration will be low.

- April 2019 - Aruba, a Hewlett Packard Enterprise company, announced two new offerings to help enterprise customers simplify the adoption of IoT. ArubaClearPass Device Insight delivers a single pane of glass for device visibility employing automated device discovery, machine learning (ML) based fingerprinting, and identification.

- April 2018: Oracle AI announced a series of innovations that help marketing, sales, commerce, and customer service professionals meet the rapidly changing expectations of todays empowered customers, through their latest updates of Oracle Customer Experience (CX) Cloud Suite support for connected digital enterprise by introducing new artificial intelligence based applications, data analytics solutions, and innovative search, voice, and video capabilities.

Major points covered in this research are:-

─Industrial Analytics Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

─Global Market Size (Value) of Industrial Analytics (2020-2025)

─Global Industrial Analytics Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)

─Global Industrial Analytics Production, Revenue (Value), Price Trend by Type

─Global Industrial Analytics Market Analysis by Application

─Global Industrial Analytics Manufacturers Profiles/Analysis

─Industrial Analytics Manufacturing Cost Analysis

─Industrial Chain, Sourcing Strategy and Downstream Buyers

─Marketing Strategy Analysis, Distributors/Traders

─Market Effect Factors Analysis

─Global Industrial Analytics Market Forecast (2020-2025)

─Competitive Landscape

─Research Findings and Conclusion

Finally, this Industrial Analytics report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Industrial Analytics product development and gives an outline of the potential Global market.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.