Reports and Data’s recent report on the ‘Global Industrial Analytics Market Report Forecast to 2026’ gives a 360° overview of the market and the changing dynamics due to the ongoing COVID-19 pandemic. The study assesses the evolving industry scenario to predict how the epidemic is going to affect the future progress of the industry. It evaluates key elements like overall revenue, product offerings, product development, technological innovations, research and development activities, and strategic initiatives like mergers and acquisitions, joint ventures, collaborations, etc. This helps in understanding how these aspects are anticipated to change over the forecast period and help readers capitalize on existing growth opportunities and prepare for looming threats.
This report has been updated to describe the currently evolving business scenario due to the COVID-19 pandemic. The outbreak has affected essentially all sectors in the global setting, bringing the global industry to a halt. In this report, our analysts perform an impact analysis to understand and project the effects of COVID-19 on the future growth of the Industrial Analytics market.
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Some key players mentioned in the report are:
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.
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
Organization Size Outlook (Revenue: USD Billion; 2016-2026)
- Small and Medium enterprises
- Large Enterprises
Deployment Mode Outlook (Revenue: USD Billion; 2016-2026)
- On-Premises
- On-Demand
Industry Verticals Outlook (Revenue: USD Billion; 2016-2026)
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Transportation & Logistics
- Telecommunications & IT
- Others
On the basis of regions, the global Industrial Analytics market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
According to the report, the Industrial Analytics market is expected to reach the valuation of USD 47.46 Million by the end of 2026 from USD 13.49 Million in 2019, growing at a CAGR of 17.01% through the years. The materials and chemicals sector finds its applications in the production of numerous products like plastics, consumer goods, fertilizers, packaging products, and medicines, among others. The epidemic outbreak has affected the production of several industries, which has stopped the operations of many facilities in the interim.
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On the other hand, the dramatic escalation in demand for healthcare and packaging sectors with products like medicines, disinfectants, and packaging products, during this time has boosted the revenue generation of these sectors. Disinfectants and packaging, which is widely being used to prevent contamination of various products, witnessed a boom early during this year. Geographically, the industry is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The regional landscape offered in the report will see significant growth in the Asia Pacific sector. With major chemical production facilities located in major countries like China, which contributes the most to the overall sales revenue, the region is expected to record considerable growth in the forecast period. The U.S. chemical sector has also been struck significantly by the pandemic.
The Industrial Analytics Market Report examines the latest economic landscape with value, volume, drivers, restraints, production capacity, consumption, sales revenue, demand and supply ratio, import/export status, market growth rate, and others. Additionally, the report employs tools like SWOT examination, Porter’s Five Forces Analysis, speculation attainability investigation, and venture return investigation to get a deeper understanding of the business sphere.
Key objectives of the study:
- To predict the outcome of the COVID-19 Impact Analysis on the Industrial Analytics global landscape in the forecast period.
- To calculate the market size for the base year and estimate for the coming years.
- Study the latest technological developments in the Industrial Analytics sector and their possible implementation.
- Project the year-on-year growth of the Industrial Analytics market from 2020 to 2027.
- Discuss the regions that control the highest market shares in the global business.
- Examine key trends observed in the past and their influence on the prospective growth of the industry.
- Identify the growth opportunities and challenges existing in the sector.
- Profile the leading manufacturers in the Industrial Analytics market based on significant characteristics.
- Study the prevalent strategic initiatives undertaken by leading companies to stay ahead in the competition.
- Highlight drivers and restraints affecting the development of the market.
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