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Industrial Analytics Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Industrial Analytics Market
The Business Research Company's Industrial Analytics Global Market Report 2023 identifies rising demand from the e-commerce sector as the major driver for the Industrial Analytics market's growth in the forecast period. The increasing adoption of smartphones, easy and affordable access to technology, and the convenience of purchasing from anywhere, at any time are the driving factors of online commerce's recent surge.
The global industrial analytics market size will grow from $23.25 billion in 2022 to $27.07 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the industrial analytics is expected to grow to $50.79 billion in 2027 at a CAGR of 17.0%.
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Major competitors in the Industrial Analytics market are Hewlett Packard Enterprise, SAP SE, Microsoft Corporation, Hitachi Ltd., Tibco Software Inc., PTC Inc., AGT International GmbH, IBM Corporation.
A key trend in the Industrial Analytics market includes advancement in technology. Major companies operating in the industrial analytics market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation industrial technologies into their services and tools, such as data virtualization, data integration, stream analytics, discovery tools, artificial intelligence, machine learning, and others, to improve the decision-making process and increase the efficiency of the work.
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The Industrial Analytics market is segmented -
• By Analytics Type: Predictive Analytics, Prescriptive Analytics, Descriptive Analytics, Diagnostic Analytics
• By Organization Size: Large Organizations, Small and Medium Organizations
• By Deployment Mode: Cloud-Based, On-Premises
• By Component: Software, Services
• By Vertical: Information Technology (IT) and Telecom, Energy and Utilities, Transportation and Logistics, Retail and Consumer Goods, Manufacturing, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Industrial Analytics market.
The Business Research Company's "Global Industrial Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Analytics Market Include:
1. Executive Summary
2. Industrial Analytics Market Characteristics
3. Industrial Analytics Market Trends And Strategies
4. Industrial Analytics Market - Macro Economic Scenario
5. Industrial Analytics Market Size And Growth
…………………………………………………………
26. Africa Industrial Analytics Market
27. Industrial Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Analytics Market
29. Industrial Analytics Market Future Outlook and Potential Analysis
30. Appendix
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