Industrial analytics has come to inhabit an increasingly significant role in smart, automated manufacturing procedures in different industry verticals. Industrial analytics is a key component of industrial internet of things (IIoT) and received considerable devotion with the advent of the fourth industrial revolution, Industry 4.0. The advantage of real-time optimization and value addition to enterprise procedures, especially for manufacturing sectors, is a compelling driving the evolution of the global industrial analytics market.
MARKET DYNAMICS
The beginning of the fourth industrial revolution, the advent of IIoT, and the introduction of advanced data analytics techniques are some of the significant factors driving the growth of the industrial analytics market. However, complex analytical process and lack of integration with organization culture are some of the major factors which may restrain the growth of the industrial analytics market. Nevertheless, increasing smart data-driven organization and cost reduction are anticipated to boost the growth of the industrial analytics market.
MARKET SCOPE
The "Global Industrial Analytics Market Analysis to 2028" is a specialized and in-depth study of the industrial analytics market with a special focus on the global market trend analysis. The report aims to provide an overview of industrial analytics market with detailed market segmentation by component, analytics type, organization size, deployment Model, industry vertical. The global industrial analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial analytics market players and offers key trends and opportunities in the industrial analytics market.
MARKET SEGMENTATION
The global industrial analytics market is segmented on the basis of component, analytics type, organization size, deployment model, industry vertical. On the basis of component, the market is segmented as solution, services. On the basis of analytics type, the market is segmented as descriptive, diagnostic, predictive, prescriptive. On the basis of organization size, the market is segmented as large enterprises, small and medium-sized enterprises. On the basis of deployment model, the market is segmented as on-premises, cloud. On the basis of industry vertical, the market is segmented as retail and consumer goods, telecommunications and IT, transportation and logistics, manufacturing, energy and utilities, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial analytics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The industrial analytics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting industrial analytics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the industrial analytics market in these regions.
MARKET PLAYERS
The reports cover key developments in the industrial analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from industrial analytics market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial analytics market. Below mentioned is the list of few companies engaged in the industrial analytics market.
The report also includes the profiles of key industrial analytics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Cisco Systems, Inc
- GENERAL ELECTRIC
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara Corporation
- Intel Corporation
- Oracle
- PTC Inc.
- SAP SE
- SAS Institute Inc
- TIBCO Software Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.