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Industrial Analytics Market<br>
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Industrial Analytics Market To Reach USD 47.46 Billion By 2026 www.reportsanddata.com
Market Summary The global industrial analytics market is forecast to reach USD 47.46 Billion by 2026, according to a new report by Reports and Data. The rise in demand for business intelligence tools in several industry verticals, such as the retail and manufacturing industries, are driving the market for industrial analytics. The rapid adoption of IIoT, especially in emerging nations, is encouraging the growth of the market. The growing 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 the manufacturing vertical and the key benefits garnered are an improvement in product lifecycle and increasing their effectiveness of return on investment (RoI). North America held the largest market share for industrial analytics. Increase in the adoption of Industry 4.0 policies in the region is leading the industrial automation activities. Companies operating in the region are focused on reducing cost through automation, which in turn, is increasing the demand for predictive and diagnostic analytics solutions, amongst others. www.reportsanddata.com Read More: https://www.reportsanddata.com/report-detail/industrial-analytics-market
Market Summary Further key findings from the report suggest • Energy and Utilities are forecasted to grow with a CAGR of 17.4% during the forecast period. This industry generates a chunk of data from smart grids, utility grids, oil wells, gas grids, and other sensors. Industrial data includes data obtained from sensors, RFID, RSS feeds, smart grids, and smart meters. It is crucial to administer field assets such as equipment, oil field, and power generation stations to avoid any major mishap. • The Asia Pacific region is forecasted to hold a market share of 28.2% during the forecast period. The implementation of predictive analytics in sectors such as IT and Telecommunications, BFSI, and manufacturing are fueling the demand for industrial analytics in the region. Quick adoption of latest technologies, generation of massive data, and rise in SMEs will trigger the market demand. Countries such as India, Japan, China, Australia, and Singapore will show high adoption of industrial analytics in the coming years. • Key participants include General Electric Company, International Business Machines Corporation, SAS Institute, Inc., Cisco Systems, Inc., Tibco Software, Inc., AGT International GmbH, General Electric Company, Bridgei2i Analytics Solutions, Hitachi, Ltd., and Microsoft Corporation, among others. www.reportsanddata.com
Market Summary For the purpose of this report, Reports and Data have segmented into the global Industrial Analytics market on the basis of component, analytics type, organization size, deployment mode, end-users, and region: • Component Outlook (Revenue: USD Billion; 2016-2026) Software Services • • • Analytics Type Outlook (Revenue: USD Billion; 2016-2026 Predictive Analytics Prescriptive Analytics Descriptive Analytics Diagnostic Analytics • • • • • www.reportsanddata.com Organization Size Outlook (Revenue: USD Billion; 2016-2026) Small and Medium enterprises Large Enterprises • • •
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