Press release
Industrial Analytics Market is expected to reach nearly USD 60.49 billion by 2029, growing at a CAGR of 18.04% from 2023 to 2029. In 2022, the market size was valued at USD 18.94 billion
Industrial Analytics Market
Industrial analytics has become critical for businesses to perform well due to significant advancements in analytics techniques and algorithms, as well as machine learning (ML) and artificial intelligence (AI). The analytics types of industrial analytics are descriptive, predictive, diagnostic, and prescriptive. The verticals of industrial analytics include energy and utilities, retail and consumer goods, transportation and logistics, telecommunications and IT, and manufacturing. The ability to compare data acquired with other systems and information to develop fresh insights is the major benefit of industrial analytics.
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The report is based on primary and secondary research, where primary research involved extensive interviews with key industry players and secondary research involved referring to various industry sources such as company websites, news articles, press releases, and financial reports.
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What are Industrial Analytics Market Dynamics:
The emergence of Industry 4.0 and the widespread use of business intelligence and big data analytics tools such as Hadoop in industry verticals such as telecommunications, retail, and manufacturing are the major factors driving industrial analytics market growth. The growing adoption of Industrial Internet of Things (IIoT), particularly in emerging markets, is also fueling market growth. Gathering industrial data from numerous sources into a unified data system, then discovering the required machine learning, analytics, or artificial intelligence for equipment failure prediction, is what Industry 4.0 is all about.
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However, security problems in the Industrial Internet of Things (IIoT) data may restrain the industrial analytics market's growth during the forecast period of 2023-2029.
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What is Industrial Analytics Market Segmentation?
by Component:
• Software
• Services
by Analytics Type:
• Descriptive
• Predictive
• Diagnostic
• Prescriptive
by Organization Size:
• Large Enterprises
• Small & Medium Enterprises
by Deployment Model:
• Hosted/on-Cloud
• On-Premises
by Vertical
• Energy and utilities
• Retail and consumer goods
• Transportation and logistics
• Telecommunications and IT
• Manufacturing
• Others
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Who are Industrial Analytics Market Key Players?
• Hewlett Packard Enterprise Company
• General Electric Company
• Microsoft Corporation
• International Business Machines Corporation
• SAP SE
• Cisco Systems, Inc.
• Oracle Corp
• Intel Corp.
• Hitachi Ltd.
• TIBCO Software, Inc.
• AGT International
• Bridgei2i Analytics Solutions
• Alteryx, Inc.
• PTC, Inc.
• SAS Institute
• Amazon.com
• Genpact
• Qualcomm Inc.
• Analytics Business Consulting
• Augury
Table of content for the Industrial Analytics Market includes:
Global Industrial Analytics Market: Research Methodology
Global Industrial Analytics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Industrial Analytics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Industrial Analytics Market Segmentation
Global Market, by Component(2021-2029)
Global Market, by Analytics Type(2021-2029)
Global Market, by Organization Size(2021-2029)
Global Market, by Deployment Model(2021-2029)
Global Market, by Vertical(2021-2029)
Regional Industrial Analytics Market(2021-2029)
Global Market, by Component(2021-2029)
Global Market, by Analytics Type(2021-2029)
Global Market, by Organization Size(2021-2029)
Global Market, by Deployment Model(2021-2029)
Global Market, by Vertical(2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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• To provide historical and forecast revenue of the…
