Industrial Analytics Market to Witness an Outstanding Growth during 2018 – 2026

Industrial Analytics Market: Overview

Industrial analytics has come to occupy an increasingly significant role in smart, automated manufacturing processes in various industry verticals. It is a key component of industrial internet of things (IIoT) and received considerable attention with the advent of fourth industrial revolution, Industry 4.0. The benefit of real-time optimization and value addition to enterprise processes, especially for manufacturing sectors, is a compelling proposition driving the evolution of the global industrial analytics market. Various software and tools encompassed by industrial analytics pertain to areas such as operational, customer, marketing, risk, financial, and workforce. The products encompass data-based business models and data analytics techniques for analysing industrial data. Advanced systems use real-time large scale distributed computing. The various applications include predictive, prescriptive, diagnostics, and descriptive.

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Small and medium-scale enterprises in various regions are increasingly demanding industrial analytics on cloud models as a cost-effective way of deployment. The adoption of the industrial analytics tools enables them to embed analytics across the value chain.

Various assessments presented in the study takes a critical look at the role of the various growth dynamics on the general contours of the industrial analytics market. The insights are helpful for forming a clear view of the evolution trajectories of the global market.

Global Industrial Analytics Market: Trends and Opportunities

The rising demand for business intelligence tools in various industry verticals, especially in the retail and manufacturing industries, is a key factor supporting the steady expansion of the industrial analytics market. The rapid stride made by IIoT, especially in developing economies, is a key trend boosting the market. The rising demand for customer analytics among businesses to gain real-time insights into customer’s buying preferences is a notable factor bolstering the uptake of industrial analytics. The adoption of industrial analytics is gathering traction across manufacturing vertical and the key benefits garnered are improvement in product lifecycle and increasing their effectiveness of return on investment (RoI).

The global industrial analytics market is benefitting from the rising use of predictive algorithms in real time by prominent retail companies such as Amazon and E-bay. The advent of high-end distributed computing technologies in predictive analytics is also boosting the market. The advent of artificial intelligence technologies in industrial analytics is creating new, lucrative avenues for vendors, world over.

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Key Players Mentioned in the Report

The study sheds light on the impacts of recent mergers and acquisitions, collaborations and partnerships, and funding initiatives by various industry players to strengthen their positions in the industrial analytics market. Some of the key players operating in the market are General Electric, IBM Corporation, Microsoft Corporation, PTC, Inc., SAS Institute, , Cisco Systems, Inc.,  Intel Corporation, Hitachi, Ltd., and TIBCO Software, Inc.

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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