Global Industrial Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global industrial analytics market in its upcoming report titled, “Global Industrial Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global industrial analytics market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global industrial analytics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global industrial analytics market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global industrial analytics market report has been segmented on the basis of deployment type, organization size, end-user, and region.
Industrial analytics is the process of collection, analysis, and usage of data generated during industrial operations. Industrial analytics is used to identify and address faults in assets, increase uptime, and reduce repair cost. Results of analytics are used to support human decisions. Industrial analytics primarily includes traditional methods such as statistical modelling and data gathering. Major applications of industrial analytics across the industrial value chain includes research & development, manufacturing process, supply chain, and marketing.
Increasing penetration of Internet of Things (IoT) is a key factor driving growth of the global industrial analytics market. In addition, developments in data mining methods & data warehousing, increasing use of real time applications across the globe, and growing adoption of big data analytics in business process are other factors expected to boost growth of the global industrial analytics market over the forecast period.
However, issues related to data security is a key factor restraining growth of the global industrial analytics market. Additionally, high deployment cost, and lack of skilled workforce are other factors expected to hamper growth of the global industrial analytics market over the forecast period. Complex analytical process and lack of organization culture integration are some other factors expected to challenge growth of the global industrial analytics market.
North America market accounted for dominant revenue share contribution in the global industrial analytics market. This dominance can be attributed to presence of key analytics organizations, and technological advancements in countries in the region. The market in Asia Pacific is projected to register highest growth rate over the forecast period, owing to growing awareness about benefits of industrial analytics, and increasing adoption of Internet of Things (IoT) in business process in emerging economies such as China and India.
Global Industrial Analytics Market Segmentation:
Global industrial analytics market segmentation by deployment market:
- Cloud based
Global industrial analytics market segmentation by organization size:
- Small and medium-sized enterprises
- Large enterprises
Global industrial analytics market segmentation by end-user:
Global industrial analytics market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- General Electric Company
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Intel Corporation
- TIBCO Software Inc.
- BRIDGEi2i Analytics Solutions Private Limited
- PTC, Inc.
- Hewlett Packard Enterprise Company
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