Industrial analytics Market Witnesses Impressive Growth with Rising Demand

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MarketsandMarkets Presents
Industrial Analytics Market Witnesses Impressive
Growth With Rising Demand   http//www.marketsandm
arkets.com/Market-Reports/industrial-analytics-mar
ket-90118141.html .
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The report "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 2022", The industrial analytics
market is expected to grow from USD 11.29 Billion
in 2017 to USD 25.51 Billion by 2022, at a
Compound Annual Growth Rate (CAGR) of
17.7.     
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Browse 78 Market Data Tables and 49 Figures
spread through 173 Pages and in-depth TOC
on "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
2022 http//www.marketsandmarkets.com/Market-Re
ports/industrial-analytics-market-90118141.html
Early buyers will receive 10 customization on
this report.
 
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The major forces driving the industrial analytics
market are beginning of the fourth industrial
revolution - industry 4.0, advent of Industrial
Internet of Things (IIoT), and introduction of
advanced data analytics techniques. The
industrial analytics market is growing rapidly
because of the transformation from traditional
industrial Business Intelligence (BI) techniques
for analyzing industrial data to advanced
techniques and massive surge in the volumes of
structured and unstructured data. Customer
analytics software is expected to grow at the
highest CAGR Industrial analytics tools comprise
various software, including operational
analytics, risk analytics, financial analytics,
marketing analytics, customer analytics, and
workforce analytics. Customer analytics is
expected to witness growth at the highest CAGR
during the forecast period, among all industry
analytics software. Customer analytics provides
an organization with a consolidated and real-time
picture of a customers buying behavior and
preferences. Businesses capitalize on this
information, which helps in creating campaigns
that target audience more accurately and gain a
better understanding of effectiveness of
marketing efforts.
 
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Manufacturing vertical is estimated to have the
largest market size in 2017 The industrial
analytics market is also segmented into various
industry verticals. Out of them, the adoption of
industrial analytics is expected to be the
highest in the manufacturing vertical. The
benefits of using industrial analytics in the
manufacturing vertical are to gain a competitive
advantage by improving the efficiency across the
product life-cycle and providing a relationship
between decision-making and Return on Investment
(ROI). North America is expected to dominate the
industrial analytics market during the forecast
period North America is estimated to hold the
largest share of the industrial analytics market
in 2017, due to technological advancements and
early adoption of analytics solutions in the
region. The market in APAC is expected to grow at
the highest CAGR between 2017 and 2022. The
primary driving forces for this growth are
increasing technological adoption and huge
opportunities across industry verticals in APAC
countries, especially India, China, and Japan.
 
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Industrial analytics Market - By Software
 
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The report also encompasses different strategies,
such as acquisitions, partnerships
collaborations, and product developments, adopted
by major players to increase their share in the
market. Major technology vendors in the
industrial analytics market include General
Electric (US), IBM Corporation (US), Microsoft
Corporation (US), Oracle Corporation (US), PTC,
Inc. (US), SAS Institute (US), SAP SE (Germany),
Cisco Systems, Inc. (US), HPE (US), Intel
Corporation (US), Hitachi, Ltd. (Japan), TIBCO
Software, Inc. (US), AGT International
(Switzerland), Bridgei2i Analytics Solutions
(India), and Alteryx, Inc. (US).
 
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Industrial analytics Market -  Industry Vertical
.
 
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