HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: TC 5409

 

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Industrial analytics is a type of business intelligence that enables business users to access industrial data and analyze them to gain insights. The industrial analytics market size 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%. 2016 is the base year, while the forecast period is 2017–2022.

Following are the objectives of the report:

  • To define, describe, and forecast the industrial analytics market on the basis of component, analytics type, deployment model, organization size, industry vertical, and region
  • To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the subsegments with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities for stakeholders in the market and to provide the details of a competitive landscape for major players
  • To forecast the revenue of market segments with respect to all the major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To strategically profile key players and comprehensively analyze their recent developments and positioning
  • To analyze competitive developments such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities in the market

The research methodology used to estimate and forecast the industrial analytics market begins with capturing data on key vendor’s revenues through secondary research sources, such as companies’ websites, Factiva, and D&B Hoovers. Other secondary sources include annual reports, press releases, and investor presentations of companies; white papers and certified publications; and articles from recognized authors, directories, and databases. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global industrial analytics market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the below figure.

Industrial analytics Market

To know about the assumptions considered for the study, download the pdf brochure

The industrial analytics ecosystem comprises vendors, such as 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). Other stakeholders of the industrial analytics market include analytics service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers.

The target audiences of the industrial analytics market report are:

  • Solution vendors
  • Original Equipment Manufacturers (OEMs)
  • System integrators
  • Advisory firms
  • National regulatory authorities
  • Venture capitalists
  • Private equity groups
  • Investment houses
  • Equity research firms

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the industrial analytics market to forecast the revenues and analyze the trends in each of the following subsegments:

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

By 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

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American industrial analytics market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 36)
    4.1 Attractive Market Opportunities in the Industrial Analytics Market
    4.2 Market Share Across Various Regions
    4.3 Market Industry Vertical and Region
    4.4 Lifecycle Analysis, By Region

5 Market Overview and Industry Trends (Page No. - 40)
    5.1 Market Overview
           5.1.1 Introduction
           5.1.2 Market Dynamics
                    5.1.2.1 Drivers
                               5.1.2.1.1 Beginning of the Fourth Industrial Revolution, Industry 4.0
                               5.1.2.1.2 Advent of Iiot
                               5.1.2.1.3 Introduction of Advanced Data Analytics Techniques
                    5.1.2.2 Restraints
                               5.1.2.2.1 Lack of Integration With Organization Culture
                               5.1.2.2.2 Complex Analytical Process
                    5.1.2.3 Opportunities
                               5.1.2.3.1 Smart Data-Driven Organization
                               5.1.2.3.2 Cost Reduction
                    5.1.2.4 Challenges
                               5.1.2.4.1 Lack of Appropriate Skills
                               5.1.2.4.2 Data Quality and Security
    5.2 Industry Trends
           5.2.1 Introduction
           5.2.2 Industrial Analytics Use Cases
                    5.2.2.1 Introduction
                    5.2.2.2 Use Case #1
                    5.2.2.3 Use Case #2
                    5.2.2.4 Use Case #3
           5.2.3 Applications of Industrial Analytics Across Industrial Value Chain
                    5.2.3.1 Research and Development
                    5.2.3.2 Manufacturing/Operations
                    5.2.3.3 Supply Chain/Logistics
                    5.2.3.4 Marketing/Sales

6 Industrial Analytics Market Analysis, By Component (Page No. - 50)
    6.1 Introduction
    6.2 Software
           6.2.1 Operational Analytics
           6.2.2 Risk Analytics
           6.2.3 Marketing Analytics
           6.2.4 Customer Analytics
           6.2.5 Financial Analytics
           6.2.6 Workforce Analytics
    6.3 Services
           6.3.1 Managed Services
           6.3.2 Professional Services
                    6.3.2.1 Consulting Services
                    6.3.2.2 Support and Maintenance
                    6.3.2.3 Deployment and Integration

7 Industrial Analytics Market Analysis, By Analytics Type (Page No. - 65)
    7.1 Introduction
    7.2 Descriptive Analytics
    7.3 Diagnostic Analytics
    7.4 Predictive Analytics
    7.5 Prescriptive Analytics

8 Industrial Analytics Market Analysis, By Deployment Model (Page No. - 70)
    8.1 Introduction
    8.2 On-Premises
    8.3 On-Demand

9 Industrial Analytics Market Analysis, By Organization Size (Page No. - 74)
    9.1 Introduction
    9.2 Large Enterprises
    9.3 Small and Medium-Sized Enterprises

10 Industrial Analytics Market Analysis, By Industry Vertical (Page No. - 78)
     10.1 Introduction
     10.2 Retail and Consumer Goods
     10.3 Telecommunications and It
     10.4 Transportation and Logistics
     10.5 Manufacturing
     10.6 Energy and Utilities
     10.7 Others

11 Geographic Analysis (Page No. - 86)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 109)
     12.1 Microquadrant Overview
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Competitive Benchmarking
             12.2.1 Business Strategy Excellence Adopted By Major Players in the Market
             12.2.2 Strength of Product Portfolio Adopted By Major Players in the Market

13 Company Profiles (Page No. - 113)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships, MnM View)*
     13.1 General Electric Company
     13.2 Hewlett Packard Enterprise
     13.3 International Business Machines Corporation
     13.4 Microsoft Corporation
     13.5 PTC, Inc.
     13.6 SAP SE
     13.7 SAS Institute, Inc.
     13.8 Bridgei2i Analytics Solutions
     13.9 Cisco Systems, Inc.
     13.10 Intel Corporation
     13.11 Oracle Corporation
     13.12 Tibco Software, Inc.
     13.13 Alteryx, Inc.
     13.14 Hitachi, Ltd.
     13.15 AGT International GmbH

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 165)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customization
     14.6 Related Reports
     14.7 Author Details


List of Tables (78 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Industrial Analytics Market Size, By Component, 2015–2022 (USD Billion)
Table 3 Market Size By Software, 2015–2022 (USD Billion)
Table 4 Software: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Operational Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 6 Risk Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 7 Marketing Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 8 Customer Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 9 Financial Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 10 Workforce Analytics Market Size, By Region, 2015–2022 (USD Million)
Table 11 Industrial Analytics Market Size, By Service, 2015–2022 (USD Billion)
Table 12 Services: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 14 Industrial Analytics Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 15 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 16 Consulting Services Market Size, By Region, 2015–2022 (USD Million)
Table 17 Support and Maintenance Market Size, By Region, 2015–2022 (USD Million)
Table 18 Deployment and Integration Market Size, By Region, 2015–2022 (USD Million)
Table 19 Industrial Analytics Market Size, By Analytics Type, 2015–2022 (USD Billion)
Table 20 Descriptive Analytics: Market Size By Region, 2015–2022 (USD Million)
Table 21 Diagnostic Analytics: Market Size By Region, 2015–2022 (USD Million)
Table 22 Predictive Analytics: Market Size By Region, 2015–2022 (USD Million)
Table 23 Prescriptive Analytics: Market Size By Region, 2015–2022 (USD Million)
Table 24 Industrial Analytics Market Size, By Deployment Model, 2015–2022 (USD Billion)
Table 25 On-Premises: Market Size By Region, 2015–2022 (USD Million)
Table 26 On-Demand: Market Size By Region, 2015–2022 (USD Million)
Table 27 Industrial Analytics Market Size, By Organization Size, 2015–2022 (USD Billion)
Table 28 Large Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 29 Small and Medium-Sized Enterprises: Market Size, By Region, 2015–2022 (USD Million)
Table 30 Industrial Analytics Market Size, By Industry Vertical, 2015–2022 (USD Billion)
Table 31 Retail and Consumer Goods: Market Size, By Region, 2015–2022 (USD Million)
Table 32 Telecommunications and IT: Market Size, By Region, 2015–2022 (USD Million)
Table 33 Transportation and Logistics: Market Size, By Region, 2015–2022 (USD Million)
Table 34 Manufacturing: Market Size, By Region, 2015–2022 (USD Million)
Table 35 Energy and Utilities: Market Size, By Region, 2015–2022 (USD Million)
Table 36 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 37 Industrial Analytics Market Size, By Region, 2015–2022 (USD Billion)
Table 38 North America: Market Size, By Component, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Software, 2015–2022 (USD Million)
Table 40 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 42 North America: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 43 North America: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 44 North America: Market Size, By Analytics Type, 2015–2022 (USD Million)
Table 45 North America: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 46 Europe: Industrial Analytics Market Size, By Component, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Software, 2015–2022 (USD Million)
Table 48 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 49 Europe: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 50 Europe: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 51 Europe: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 52 Europe: Market Size, By Analytics Type, 2015–2022 (USD Million)
Table 53 Europe: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 54 Asia Pacific: Industrial Analytics Market Size, By Component, 2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Software, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 58 Asia Pacific: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 59 Asia Pacific: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 60 Asia Pacific: Market Size, By Analytics Type, 2015–2022 (USD Million)
Table 61 Asia Pacific: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 62 Middle East and Africa: Industrial Analytics Market Size, By Component, 2015–2022 (USD Million)
Table 63 Middle East and Africa: Market Size, By Software, 2015–2022 (USD Million)
Table 64 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Million)
Table 66 Middle East and Africa: Market Size, By Deployment Model, 2015–2022 (USD Million)
Table 67 Middle East and Africa: Market Size, By Organization Size, 2015–2022 (USD Million)
Table 68 Middle East and Africa: Market Size, By Analytics Type, 2015–2022 (USD Million)
Table 69 Middle East and Africa: Market Size, By Industry Vertical, 2015–2022 (USD Million)
Table 70 Latin America: Industrial Analytics Market Size, By Component, 2015–2022 (USD Million)
Table 71 Latin America: Market Size By Software, 2015–2022 (USD Million)
Table 72 Latin America: Market Size By Service, 2015–2022 (USD Million)
Table 73 Latin America: Market Size By Professional Service, 2015–2022 (USD Million)
Table 74 Latin America: Market Size By Deployment Model, 2015–2022 (USD Million)
Table 75 Latin America: Market Size By Organization Size, 2015–2022 (USD Million)
Table 76 Latin America: Market Size By Analytics Type, 2015–2022 (USD Million)
Table 77 Latin America: Market Size By Industry Vertical, 2015–2022 (USD Million)
Table 78 Market Ranking for Industrial Analytics Market (2017)


List of Figures (49 Figures)

Figure 1 Industrial Analytics Market Segmentation
Figure 2 Industrial Analytics Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Evaluation Criteria
Figure 8 Industrial Analytics Market: Assumptions
Figure 9 Industrial Analytics Market is Expected to Witness Growth in the Global Market During 2017–2022
Figure 10 Market Snapshot By Component (2017 vs 2022)
Figure 11 Market Snapshot By Service (2017–2022)
Figure 12 Market Snapshot By Professional Service (2017–2022)
Figure 13 Market Snapshot By Software (2017–2022)
Figure 14 Market Snapshot By Analytics Type (2017–2022)
Figure 15 Market Snapshot By Deployment Model (2017–2022)
Figure 16 Market Snapshot By Organization Size (2017–2022)
Figure 17 Market Snapshot By Industry Vertical (2017 vs 2022)
Figure 18 Increasing Volume and Variety of Industrial Data is the Major Factor Contributing to the Growth of the Industrial Analytics Market
Figure 19 North America is Estimated to Hold the Largest Market Share in 2017
Figure 20 Manufacturing Vertical is Estimated to Have the Largest Market Share in 2017
Figure 21 Asia Pacific is Expected to Enter the Exponential Growth Phase During the Forecast Period
Figure 22 Industrial Analytics Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Global Industry 4.0 Market
Figure 24 Global Industrial Internet of Things Market
Figure 25 Global Advanced Data Analytics Market
Figure 26 Services Segment is Expected to Have A Higher CAGR During the Forecast Period
Figure 27 Customer Analytics Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 29 Consulting Services Segment is Expected to Have the Highest CAGR During the Forecast Period
Figure 30 Predictive Analytics is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 31 On-Demand Deployment Model is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 32 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 33 Energy and Utilities Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 35 North America is Expected to Have the Largest Market Size in the Industrial Analytics Market During the Forecast Period
Figure 36 North America: Market Snapshot
Figure 37 Asia Pacific: Market Snapshot
Figure 38 Industrial Analytics Market (Global), Competitive Leadership Mapping, 2017
Figure 39 General Electric Company: Company Snapshot
Figure 40 Hewlett Packard Enterprise: Company Snapshot
Figure 41 International Business Machines Corporation: Company Snapshot
Figure 42 Microsoft Corporation: Company Snapshot
Figure 43 PTC, Inc.: Company Snapshot
Figure 44 SAP SE: Company Snapshot
Figure 45 SAS Institute, Inc.: Company Snapshot
Figure 46 Cisco Systems, Inc.: Company Snapshot
Figure 47 Intel Corporation: Company Snapshot
Figure 48 Oracle Corporation: Company Snapshot
Figure 49 Hitachi, Ltd.: Company Snapshot

The global industrial analytics market size 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% during the forecast period. The major growth drivers of the market include 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 segmented by software and services. The services segment is expected to grow at the highest CAGR during the forecast period. Among all the services, consulting services in the professional services segment is projected to witness the highest demand due to the growing need of industrial analytics software solutions across organizations.

The manufacturing vertical is estimated to hold the largest share of the industrial analytics market in 2017. 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 strengthening the relationship between decision-making and Return on Investment (ROI). The energy & utilities vertical is expected to grow at the highest CAGR during the forecast period, due to the increasing need to store and manage data coming from oil wells, utility grids, gas grids, smart grids, and other sensors.

The major software comprising industrial analytics include operational analytics, risk analytics, financial analytics, marketing analytics, customer analytics, and workforce analytics. The adoption of customer analytics is expected to increase significantly in the coming years, owing to the increasing need to measure the performance of key metrics such as customer expectation, ROI, and ad-campaign effectiveness across verticals.

Organizations are deploying industrial analytics solutions either on their premises or on demand (cloud). The demand for cloud-based industrial analytics solutions is expected to grow due to its cost-effective and time-efficient features; its growth is high particularly in Small and Medium-sized Enterprises (SMEs), where low- cost solutions are largely required.

The global industrial analytics market has been segmented on the basis of regions: North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, to provide region-specific analysis in the report. North America, followed by Europe, is expected to be the largest revenue generating region for industrial analytics vendors over the next 5 years. This is mainly due to the US and Canada, the developed economies in the region. There is a high focus on innovations obtained from R&D and technology in these countries. The APAC region is expected to be the fastest growing region in the industrial analytics market, because of the increasing adoption of Industrial Internet of Things (IIoT) and smart technologies and various government initiatives, such as smart cities across APAC countries including China and India.

Industrial analytics Market

Lack of relevant skills and data quality and security are some of the challenges for the industrial analytics market. Factors such as lack of integration with organization culture and complex analytical process are expected to limit the market growth.

The global major vendors offering industrial analytics software and services 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). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships & collaborations, and acquisitions to expand their offerings and market share in the industrial analytics market.

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