Industrial Analytics

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 2024

The overall industrial analytics market is expected to grow at an annual average + 2% from 2019 to 2024, growing from $ 14 billion in 2019 to +28 billion in 2024. Provide business users with easy-to-use data exploration, data preparation, and appropriate analysis and data visualization tools and techniques. In most organizations today, executives, managers, and frontline employees require access to industry data and analytics tools to generate insights based on their requirements. In addition, as companies collect structured and unstructured industries using a variety of data sources, such as sensors, radio frequency identification (RFID), and global positioning system (GPS), the amount and diversity of industrial data is growing tremendously throughout the organization. data.

Market dynamics

Driver

  • Beginning of the Fourth Industrial Revolution, Industry 4.0
  • The emergence of the IoT
  • Introduction to Advanced Data Analysis Technologies

Restraints

  • Lack of integration with organizational culture
  • Complex Analysis Process

Opportunity

  • Smart Data-Driven Organization
  • cut down the money

Challenges

  • Lack of adequate skills
  • Data quality and security

The emergence of smart sensors, smart meters, and IoT-based technologies in the energy and utility industry leads the global industrial analytics market

The energy and utility industry is looking for advanced solutions to get actionable insights. With the advent of smart sensors, smart meters, and IoT-based technologies, the industry is undergoing major changes. The industry generates huge amounts of data from oil wells, utility grids, gas grids, smart grids, and other sensors. Industry data includes data from RFID, sensors, rich site summary (RSS) feeds, smart meters, and smart grids. Industry analysis can be used by energy and utility companies to implement protective measures for equipment maintenance, real-time customer billing, and provisioning and management of field services.

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Key Market Segments:

Key Market players:

General Electric (US), IBM (US), Microsoft (US), Oracle (US), PTC (US), SAS Institute (US), SAP (Germany), Cisco (US), HPE (US), Intel (US), Hitachi (Japan), TIBCO (US), AGT International (Switzerland), BRIDGEi2i (India), and Alteryx (US).

By Component

  • Software
  • Service

By Software

  • Operational analytics
  • Risk analytics
  • Financial analytics
  • Marketing analytics
  • Customer analytics
  • Workforce analytics

By Service

  • Managed services
  • Professional services
  • Consulting services
  • Deployment and integration
  • Support and maintenance

By Analytics Type

  • Descriptive
  • Diagnostic
  • Predictive
  • Prescriptive

Organization size

  • Large enterprises
  • Small and medium-sized enterprises

By Deployment Model

  • On-premises
  • Hosted/on-cloud

By Industry Vertical

  • Retail and consumer goods
  • Telecommunications and IT
  • Transportation and logistics
  • Manufacturing
  • Energy and utilities
  • Others

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

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The following are the main goals of this study.

  • Describe and forecast the global industrial analytics market in terms of components, types of analysis, deployment models, organization size, industry sectors, and geographies
  • Describe and forecast the market size for five major regions of North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America
  • Providing detailed information on key factors affecting market growth (drivers, restraints, opportunities, and challenges)
  • Strategically analyze micro-markets for individual growth trends, forecasts, and contributions to the overall market
  • Analyzing market opportunities for stakeholders by identifying high growth segments of the industry analysis ecosystem
  • Strategically profile key companies, comprehensively analyze market position in terms of ranking and core competencies, detailing market leaders’ competition
  • Analyzing strategic approaches such as product launches, acquisitions, contracts, agreements and partnerships in the industrial analytics market

Report Customization and Benefits: This report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.

Table of Content:

Chapter 1 Global Industrial Analytics Market Overview

Chapter 2 Global Economic Impact on Industrial Analytics Industry

Chapter 3 Global Industrial Analytics Market Competition by Manufacturers

Chapter 4 Global Industrial Analytics Production, Revenue (Value) by Region

Chapter 5 Global Industrial Analytics Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Industrial Analytics Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Industrial Analytics Market Analysis by Application

Chapter 8 Industrial Analytics Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Industrial Analytics Market Forecast

Chapter 13 Appendix

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