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Industrial Analytics Market Size - By Analytics Type (Descriptive, Diagnostic, Predictive, Prescriptive), Deployment Model (On-premises, Cloud), Enterprise Size (SMEs, Large Enterprise), Component, End Use & Global Forecast, 2023 - 2032

Publisher Global Market Insights
Published Nov 15, 2023
Length 250 Pages
SKU # GMI18399568

Description

Industrial Analytics Market Size - By Analytics Type (Descriptive, Diagnostic, Predictive, Prescriptive), Deployment Model (On-premises, Cloud), Enterprise Size (SMEs, Large Enterprise), Component, End Use & Global Forecast, 2023 - 2032


Industrial Analytics Market size is anticipated to expand at over 12% CAGR from 2023-2032 driven by the increasing smart manufacturing initiatives globally. With several industries embracing the principles of Industry 4.0, smart manufacturing is driving the integration of advanced technologies like IoT sensors, AI, and analytics into production processes, further escalating the need for industrial analytics solutions and services. Additionally, there has been significant rise in government and industry-driven initiatives for advocating smart manufacturing practices.

Furthermore, the ongoing advancements in analytics technologies, including ML and AI, are spurring the development of more sophisticated and powerful industrial analytics solutions, thereby supporting the industry growth. To cite an instance, in October 2023, AVEVA introduced AVEVA Advanced Analytics to leverage AI and ML technologies to enhance operational efficiency and achieve sustainability key performance indicators (KPIs).

The industrial analytics industry is segmented into component, analytics type, deployment model, enterprise size, end-use, and region.

Based on component, the market value from the software segment is projected to gain significant traction from 2023-2032. Advanced industrial analytics solutions enable real-time data analysis, predictive maintenance, and process optimization in manufacturing and industrial settings. Leading market participants in these sectors are actively acquiring other firms to augment their expertise and expand their software capabilities, boosting the segment growth. For instance, in August 2022, Infineon Technologies AG strengthened its software and services businesses in AI for predictive analysis involving machinery and industrial equipment by acquiring Berlin-based startup Industrial Analytics.

In terms of end-use, the industrial analytics industry from the manufacturing segment is set to generate considerable revenue through 2032. Manufacturing industries worldwide are increasingly leveraging industrial analytics to optimize production processes, improve efficiency, and reduce operational costs. Moreover, the growing prominence of Industry 4.0 principles will contribute to the rising integration of industrial analytics with many manufacturing businesses striving to stay competitive.

Regionally, the North America industrial analytics market held a sizable revenue share in 2022 and is poised to exhibit robust growth from 2023 to 2032. The presence of advanced manufacturing infrastructure, coupled with the strong emphasis on technological innovations across the region are driving the adoption of industrial analytics solutions. Furthermore, the presence of key industry players, R&D initiatives, and a proactive approach for adopting Industry 4.0 technologies in the U.S., Canada, and other major American countries will accelerate the industry growth.

Table of Contents

250 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industrial Analytics market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Component trends
2.4 Analytics type trends
2.5 Deployment model trends
2.6 Enterprise size trends
2.7 End use trends
Chapter 3 Industrial Analytics Industry Insights
3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Level of autonomy launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 The proliferation of IoT devices in industrial settings
3.9.1.2 Rising emphasis on data-driven decision-making
3.9.1.3 Increased demand for predictive maintenance solutions
3.9.1.4 The rising growth of the industry 4.0
3.9.2 Industry pitfalls & challenges
3.9.2.1 Data security concerns
3.9.2.2 Inaccurate data can lead to flawed analytics results
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 HP Inc.
4.3.2 IBM
4.3.3 Intel Corporation
4.3.4 Microsoft
4.3.5 Robert Bosch GmbH
4.3.6 Rockwell Automation
4.3.7 Siemens
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Industrial Analytics Market Estimates & Forecast, By Component (Revenue)
5.1 Key trends, by component
5.2 Hardware
5.2.1 Sensors & Actuators
5.2.2 Data acquisition systems
5.2.3 IoT
5.2.4 Edge computing devices
5.2.5 Others
5.3 Software
5.3.1 Operational analytics
5.3.2 Risk analytics
5.3.3 Financial analytics
5.3.4 Marketing Analytics
5.3.5 Customer analytics
5.3.6 Workforce analytics
5.4 Services
5.4.1 Professional Services
5.4.2 Managed Services
Chapter 6 Industrial Analytics Market Estimates & Forecast, By Analytics Type (Revenue)
6.1 Key trends, by analytics type
6.2 Descriptive
6.3 Diagnostic
6.4 Predictive
6.5 Prescriptive
Chapter 7 Industrial Analytics Market Estimates & Forecast, By Deployment Model (Revenue)
7.1 Key trends, by deployment model
7.2 On-premises
7.3 Cloud
Chapter 8 Industrial Analytics Market Estimates & Forecast, By Enterprise Size (Revenue)
8.1 Key trends, by enterprise size
8.2 SMEs
8.3 Large Enterprise
Chapter 9 Industrial Analytics Market Estimates & Forecast, By End Use (Revenue)
9.1 Key trends, by end use
9.2 Construction & Mining
9.3 Manufacturing
9.4 Logistics & Transportation
9.5 Automotive
9.6 Healthcare
9.7 Others
Chapter 10 Industrial Analytics Market Estimates & Forecast, By Region (Revenue)
10.1 Key trends, by region
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 U.K.
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Russia
10.3.6 Spain
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
Chapter 11 Company Profiles
11.1 ABB
11.2 AGT International
11.3 Cisco Systems, Inc.
11.4 General Electric
11.5 Hitachi Vanatara
11.6 Honeywell International
11.7 HP Inc.
11.8 IBM
11.9 Intel Corporation
11.10 Microsoft Corporation
11.11 Oracle Corporation
11.12 PTC, inc.
11.13 Robert Bosch
11.14 Rockwell Automation
11.15 SAP
11.16 SAS Institute
11.17 Siemens
11.18 Software AG
11.19 Splunk
11.20 TIBCO Software

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