Industrial Analytics Market

The report "Industrial analytics Market by Component (Software, Service), Analytics Type (Descriptive, Diagnostic, Predictive, and Prescriptive), Deployment Model, organization size, Industry Vertical, and Region - Global Forecast to 2022", The industrial analytics market is expected to grow from USD 11.29 Billion in 2017 to USD 25.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%.

Browse 78 Market Data Tables and 49 Figures spread through 174 Pages and in-depth TOC on "Industrial analytics Market by Component (Software, Service), Analytics Type (Descriptive, Diagnostic, Predictive, and Prescriptive), Deployment Model, organization size, Industry Vertical, and Region - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/industrial-analytics-market-90118141.html
Early buyers will receive 10% customization on reports.

The major forces driving the industrial analytics market are beginning of the fourth industrial revolution - industry 4.0, advent of Industrial Internet of Things (IIoT), and introduction of advanced data analytics techniques. The industrial analytics market is growing rapidly because of the transformation from traditional industrial Business Intelligence (BI) techniques for analyzing industrial data to advanced techniques and massive surge in the volumes of structured and unstructured data.

Customer analytics software is expected to grow at the highest CAGR

Industrial analytics tools comprise various software, including operational analytics, risk analytics, financial analytics, marketing analytics, customer analytics, and workforce analytics. Customer analytics is expected to witness growth at the highest CAGR during the forecast period, among all industry analytics software. Customer analytics provides an organization with a consolidated and real-time picture of a customer’s buying behavior and preferences. Businesses capitalize on this information, which helps in creating campaigns that target audience more accurately and gain a better understanding of effectiveness of marketing efforts.

Manufacturing vertical is estimated to have the largest market size in 2017

The industrial analytics market is also segmented into various industry verticals. Out of them, the adoption of industrial analytics is expected to be the highest in the manufacturing vertical. The benefits of using industrial analytics in the manufacturing vertical are to gain a competitive advantage by improving the efficiency across the product life-cycle and providing a relationship between decision-making and Return on Investment (ROI).

North America is expected to dominate the industrial analytics market during the forecast period

North America is estimated to hold the largest share of the industrial analytics market in 2017, due to technological advancements and early adoption of analytics solutions in the region. The market in APAC is expected to grow at the highest CAGR between 2017 and 2022. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

The report also encompasses different strategies, such as acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Major technology vendors in the industrial analytics market include 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), and Alteryx, Inc. (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]