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Industrial Analytics Market - Global Industry Analysis

Industrial Analytics Market By Software (Operational Analytics, Marketing Analytics, Customer Analytics, Risk Analytics, Financial Analytics, And Workforce Analytics), By Analytics Tools (Predictive, Prescriptive, Descriptive, And Diagnostic), For Verticals (Manufacturing, Energy, Retail, Telecommunications And It, Transportation And Logistics, And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 20-Aug-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3282 Status : Published

Global industrial analytics market expected to reach approximately USD 37.03 billion by 2024, having a CAGR of around 16.4% between 2018 and 2024. The rapid development of information and communication technology along with innovation in computer technology and sensors, it is possible to enlarge advanced analytics to machine learning on a large scale across the globe.

Description

The report covers forecast and analysis for the industrial analytics market on a global and regional level. The study provides historic data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the industrial analytics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial analytics market on a global level.

In order to give the users of this report a comprehensive view of the industrial analytics market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the industrial analytics market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Global Industrial Analytics Market

Industrial analytics market is segmented based on software, analytics tools, vertical, and region. Software segment included in this market are operational analytics, marketing analytics, customer analytics, risk analytics, financial analytics, and workforce analytics. Industrial tools segment includes predictive, prescriptive, descriptive, and diagnostic. The vertical segment includes manufacturing, energy, retail, telecommunications and IT, transportation and logistics, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further fragmented into major countries including the U.S., France, UK, Germany, China, India, Japan, and Brazil.

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global industrial analytics market. Key players profiled in this report include Hewlett Packard Enterprise Company, General Electric Company, Microsoft Corporation, International Business Machines Corporation, SAP SE, Cisco Systems, Inc., Oracle Corp, Intel Corp., Hitachi Ltd., TIBCO Software, Inc., and among others.

The report segments the global industrial analytics market as follows:

Global Industrial Analytics Market: Software Segment Analysis 

  • Operational Analytics
  • Marketing Analytics
  • Customer Analytics
  • Risk Analytics
  • Financial Analytics
  • Workforce Analytics

Global Industrial Analytics Market: Analytics Tools Segment Analysis 

  • Predictive
  • Prescriptive
  • Descriptive
  • Diagnostic

Global Industrial Analytics Market: Vertical Segment Analysis

  • Manufacturing
  • Energy 
  • Retail 
  • Telecommunications and IT
  • Transportation and Logistics
  • Others

Global Industrial Analytics Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Industrial Analytics Market, 2015-2024 (USD Billion)
    • 2.2. Global Industrial Analytics Market: Snapshot
  •  
  • Chapter 3. Industrial Analytics - Market Dynamics
    • 3.1. Introduction
    • 3.2. Industrial Ecosystem Analysis
    • 3.3. Technology Landscape
    • 3.4. Market Drivers
      • 3.4.1. Global Industrial Analytics Market Drivers: Impact Analysis
      • 3.4.2. Advancements in connected space (IoT) with regards to manufacturing
      • 3.4.3. Beginning of Industry 4.0 (fourth industrial revolution)
      • 3.4.4. Introduction of advanced data analytics such as Big Data in manufacturing process
    • 3.5. Market Restraints
      • 3.5.1. Insufficient Infrastructure to Aggregate the Data from Dissimilar Sources
      • 3.5.2. Security Concerns in Industrial Internet of Things (IIoT) Data
    • 3.6. Opportunities
      • 3.6.1. Cost Reduction in Production Process
    • 3.7. Innovation and Sustainability
    • 3.8. Regulatory Landscape
      • 3.8.1. U.S.
      • 3.8.2. Europe
      • 3.8.3. China
    • 3.9. Porter's Five Forces Analysis
      • 3.9.1. Bargaining Power of Suppliers
      • 3.9.2. Bargaining Power of Buyers
      • 3.9.3. Threat From New Entrants
      • 3.9.4. Threat From New Substitutes
      • 3.9.5. Degree of Competition
    • 3.10. PESTLE Analysis
    • 3.11. Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis, by Software Segment
      • 3.11.2. Market Attractiveness Analysis, by Analytics Tools Segment
      • 3.11.3. Market Attractiveness Analysis, by Vertical Segment
      • 3.11.4. Market Attractiveness Analysis, by Regional Segment
  •  
  • Chapter 4. Global Industrial Analytics Market - Competitive Landscape
    • 4.1. Company Market Share Analysis (Subject to Data Availability)
      • 4.1.1. Global Industrial Analytics Market: Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Industrial Analytics Market - Software Segment Analysis
    • 5.1. Global Industrial Analytics Market: Software Overview
      • 5.1.1. Global Industrial Analytics Market Revenue Share, by Software, 2017 and 2024
    • 5.2. Operational Analytics
      • 5.2.1. Global Industrial Analytics Market by Operational Analytics, 2015-2024 (USD Billion)
    • 5.3. Marketing Analytics
      • 5.3.1. Global Industrial Analytics Market by Marketing Analytics, 2015-2024 (USD Billion)
    • 5.4. Customer Analytics
      • 5.4.1. Global Industrial Analytics Market by Customer Analytics, 2015-2024 (USD Billion)
    • 5.5. Risk Analytics
      • 5.5.1. Global Industrial Analytics Market by Risk Analytics, 2015-2024 (USD Billion)
    • 5.6. Financial Analytics
      • 5.6.1. Global Industrial Analytics Market by Financial Analytics, 2015-2024 (USD Billion)
    • 5.7. Workforce Analytics
      • 5.7.1. Global Industrial Analytics Market by Workforce Analytics, 2015-2024 (USD Billion)
  •  
  • Chapter 6. Global Industrial Analytics Market - Analytics Tools Segment Analysis
    • 6.1. Global Industrial Analytics Market: Analytics Tools Overview
      • 6.1.1. Global Industrial Analytics Market Revenue Share, by Analytics Tools, 2017 and 2024
    • 6.2. Predictive
      • 6.2.1. Global Industrial Analytics Market by Predictive, 2015-2024 (USD Billion)
    • 6.3. Prescriptive
      • 6.3.1. Global Industrial Analytics Market by Prescriptive, 2015-2024 (USD Billion)
    • 6.4. Descriptive
      • 6.4.1. Global Industrial Analytics Market by Descriptive, 2015-2024 (USD Billion)
    • 6.5. Diagnostic
      • 6.5.1. Global Industrial Analytics Market by Diagnostic, 2015-2024 (USD Billion)
  •  
  • Chapter 7. Global Industrial Analytics Market - Vertical Segment Analysis
    • 7.1. Global Industrial Analytics Market: Vertical Overview
      • 7.1.1. Global Industrial Analytics Market Revenue Share, by Vertical, 2017 and 2024
    • 7.2. Manufacturing
      • 7.2.1. Global Industrial Analytics Market for Manufacturing, 2015-2024 (USD Billion)
    • 7.3. Energy
      • 7.3.1. Global Industrial Analytics Market for Energy, 2015-2024 (USD Billion)
    • 7.4. Retail
      • 7.4.1. Global Industrial Analytics Market for Retail, 2015-2024 (USD Billion)
    • 7.5. Telecommunications and IT
      • 7.5.1. Global Industrial Analytics Market for Telecommunications and IT, 2015-2024 (USD Billion)
    • 7.6. Transportation and Logistics
      • 7.6.1. Global Industrial Analytics Market for Transportation and Logistics, 2015-2024 (USD Billion)
    • 7.7. Others
      • 7.7.1. Global Industrial Analytics Market for Other Verticals, 2015-2024 (USD Billion)
  •  
  • Chapter 8. Global Industrial Analytics Market - Regional Segment Analysis
    • 8.1. Global Industrial Analytics Market: Regional Overview
      • 8.1.1. Global Industrial Analytics Market Revenue Share, by Region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Industrial Analytics Market, 2015-2024 (USD Billion)
      • 8.2.2. North America Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
      • 8.2.3. North America Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
      • 8.2.4. North America Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.2.5.2. U.S. Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.2.5.3. U.S. Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Industrial Analytics Market, 2015-2024 (USD Billion)
      • 8.3.2. Europe Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
      • 8.3.3. Europe Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
      • 8.3.4. Europe Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.3.5. France
        • 8.3.5.1. France Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.3.5.2. France Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.3.5.3. France Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.3.6. UK
        • 8.3.6.1. UK Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.3.6.2. UK Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.3.6.3. UK Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.3.7.2. Germany Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.3.7.3. Germany Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Industrial Analytics Market, 2015-2024 (USD Billion)
      • 8.4.2. Asia Pacific Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
      • 8.4.3. Asia Pacific Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
      • 8.4.4. Asia Pacific Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.4.5. India
        • 8.4.5.1. India Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.4.5.2. India Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.4.5.3. India Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.4.6. China
        • 8.4.6.1. China Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.4.6.2. China Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.4.6.3. China Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.4.7. Japan
        • 8.4.7.1. Japan Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.4.7.2. Japan Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.4.7.3. Japan Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Industrial Analytics Market, 2015-2024 (USD Billion)
      • 8.5.2. Latin America Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
      • 8.5.3. Latin America Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
      • 8.5.4. Latin America Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
        • 8.5.5.2. Brazil Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
        • 8.5.5.3. Brazil Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa Industrial Analytics Market, 2015-2024 (USD Billion)
      • 8.6.2. Middle East and Africa Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
      • 8.6.3. Middle East and Africa Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
      • 8.6.4. Middle East and Africa Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Hewlett Packard Enterprise Company
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. General Electric Company
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Microsoft Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. International Business Machines Corporation
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. SAP SE
      • 9.5.1. Overview
      • 9.5.2. Financial
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Developments
    • 9.6. Cisco Systems, Inc.
      • 9.6.1. Overview
      • 9.6.2. Financial
      • 9.6.3. Product portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Developments
    • 9.7. Oracle Corp
      • 9.7.1. Overview
      • 9.7.2. Financial
      • 9.7.3. Product portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Developments
    • 9.8. Intel Corp.
      • 9.8.1. Overview
      • 9.8.2. Financial
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Developments
    • 9.9. Hitachi Ltd.
      • 9.9.1. Overview
      • 9.9.2. Financial
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Developments
    • 9.10. TIBCO Software, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financial
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Developments

List of Figures 

1. Market Research Process
2. Market Research Methodology
3. Global Industrial Analytics Market, 2015-2024  (USD Billion)
4. Classification of Industrial Analytics Market
5. Industry Ecosystem Analysis
6. Porter’s Five forces Analysis: Industrial Analytics Market 
7. PESTLE Analysis
8. Global Industrial Analytics Market Attractiveness, by Software
9. Global Industrial Analytics Market Attractiveness, by Analytics Tools
10.  Global Industrial Analytics Market Attractiveness, by Vertical
11.  Global Industrial Analytics Market Attractiveness, by Region
12.  Global Industrial Analytics Market Revenue Share, by Software, 2017 & 2024
13.  Global Industrial Analytics Market by Operational Analytics, 2015-2024  (USD Billion)
14.  Global Industrial Analytics Market by Marketing Analytics, 2015-2024  (USD Billion)
15.  Global Industrial Analytics Market by Customer Analytics, 2015-2024  (USD Billion)
16.  Global Industrial Analytics Market by Risk Analytics, 2015-2024  (USD Billion)
17.  Global Industrial Analytics Market by Financial Analytics, 2015-2024  (USD Billion)
18.  Global Industrial Analytics Market by Workforce Analytics, 2015-2024  (USD Billion)
19.  Global Industrial Analytics Market Revenue Share, by Analytics Tools, 2017 & 2024
20.  Global Industrial Analytics Market by Predictive, 2015-2024  (USD Billion)
21.  Global Industrial Analytics Market by Prescriptive, 2015-2024  (USD Billion)
22.  Global Industrial Analytics Market by Descriptive, 2015-2024  (USD Billion)
23.  Global Industrial Analytics Market by Diagnostic, 2015-2024  (USD Billion)
24.  Global Industrial Analytics Market Revenue Share, by Vertical 2017 & 2024
25.  Global Industrial Analytics Market for Manufacturing, 2015-2024 (USD Billion)
26.  Global Industrial Analytics Market for Energy, 2015-2024 (USD Billion)
27.  Global Industrial Analytics Market for Retail, 2015-2024 (USD Billion)
28.  Global Industrial Analytics Market for Telecommunications and IT, 2015-2024 (USD Billion)
29.  Global Industrial Analytics Market for Transportation and Logistics, 2015-2024 (USD Billion)
30.  Global Industrial Analytics Market for Other Verticals, 2015-2024 (USD Billion)
31.  Global Industrial Analytics Market Revenue Share, by Region, 2017 & 2024
32.  North America Industrial Analytics Market, 2015-2024 (USD Billion)
33.  Europe Industrial Analytics Market, 2015-2024 (USD Billion)
34.  Asia Pacific Industrial Analytics Market, 2015-2024 (USD Billion)
35.  Latin America Industrial Analytics Market,2016-2022 (USD Billion)
36.  Middle East & Africa Industrial Analytics Market, 2015-2024 (USD Billion)


List of Tables 

1. Industrial Analytics Market: Market Snapshot                                                                                                                        
2. Drivers of Global Industrial Analytics Market: Impact Analysis 
3. Restraints of Global Industrial Analytics Market: Impact Analysis  
4. North America Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
5. North America Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
6. North America Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
7.  U.S. Industrial Analytics Market Revenue, by Software, 2015-2024  (USD Billion)
8.  U.S. Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024  (USD Billion)
9. U.S. Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
10.  Europe Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
11.  Europe Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
12.  Europe Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
13.  France Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
14.  France Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
15.  France Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
16.  U.K. Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
17.  U.K. Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
18.  U.K. Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
19.  Germany Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
20.  Germany Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
21.  Germany Industrial Analytics Market Revenue, by Vertical, 2015-2024,  (USD Billion)
22.  Asia Pacific Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
23.  Asia Pacific Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
24.  Asia Pacific Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
25.  India Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
26.  India Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
27.  India Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
28.  China Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
29.  China Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
30.  China Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
31.  Japan Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
32.  Japan Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
33.  Japan Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
34.  Latin America Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
35.  Latin America Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
36.  Latin America Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)
37.  Brazil Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
38.  Brazil Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
39.  Brazil Industrial Analytics Market Revenue, by Vertical, 2015-2024(USD Billion)
40.  Middle East & Africa Industrial Analytics Market Revenue, by Software, 2015-2024 (USD Billion)
41.  Middle East & Africa Industrial Analytics Market Revenue, by Analytics Tools, 2015-2024 (USD Billion)
42.  Middle East & Africa Industrial Analytics Market Revenue, by Vertical, 2015-2024 (USD Billion)

Methodology

Free Analysis

Industrial analytics is the collection, usage, and analysis of data generated in the entire product lifecycle and industrial operations, applicable to any organization that is manufacturing and selling material products. Industrial analytics involves traditional methods of data collection and statistical modeling. The future of industrial analytics is depending on advancements in the Internet of Things and improved process for data analysis and data interpretation (Machine Learning). Industrial analytics is a next-generation integration method when applied to machine and process data, it provides new intelligence and insights to optimize decision making significantly. Data analytics is the new engine for the new fuel called data that propels the transformation of IIoT. 

Rising applications of customer analytics are the major factor to drive industrial analytics market on the global level. With the increasing trend toward investment in industrial analytics, customer analytics is the business function that will be anticipated to rank high on the top management agenda. The budget spent on marketing analytics, their applications are increasing drastically, and the value that customer analytics is supposed to bring to the company’s success. Increasing popularity of industrial internet of things (IIoT) and its connectivity with data analytics is further anticipated to fuel demand for the industrial analytics market across the globe. Several startup companies are now adopting IIoT analytics solutions for particular verticals such as the energy or oil and gas sector market. while others are even applying these machine learning and analytics models to solve very definite problems like well pump maintenance or wind turbine energy efficiency. However, insufficient infrastructure to aggregate the data from dissimilar sources may hinder the global industrial analytics market growth. Most of this data is unstructured and dissimilar, without any standards in formatting or versioning. This problem is occurring due to the current data infrastructure in which tools were designed to process standard and human-generated data that are low in velocity.

Global Industrial Analytics Market

Industrial analytics market is segmented based on software, analytics tools, vertical, and region. Software segment included in this market are operational analytics, marketing analytics, customer analytics, risk analytics, financial analytics, and workforce analytics. Customer analytics software is anticipated to grow significantly in coming years due to the rising need for measurement of key performance indicators (KPI), for example, ROI, customer satisfaction, etc. Industrial tools segment includes predictive, prescriptive, descriptive, and diagnostic. Among these, the predictive analytics tool holds the largest market share in the industrial analytics market. Many organizations considered this an extremely important tool for the maintenance of machines. The vertical segment includes manufacturing, energy, retail, telecommunications and IT, transportation and logistics, and others. Manufacturing vertical segment holds the largest market share. Industrial analytics in manufacturing helps to improve the efficiency of product life-cycle and strengthen the relationship between return on investment (ROI) and decision-making. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S., France, UK, Germany, China, India, Japan, and Brazil.

Key players profiled in the global industrial analytics market include Hewlett Packard Enterprise Company, General Electric Company, Microsoft Corporation, International Business Machines Corporation, SAP SE, Cisco Systems, Inc., Oracle Corp, Intel Corp., Hitachi Ltd., TIBCO Software, Inc., and among others.

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