How big is the Industrial Analytics Market?

The Industrial Analytics Market size is expected to reach USD 32.60 billion in 2024 and grow at a CAGR of 16.92% to reach USD 71.23 billion by 2029. Read More

What is the current Industrial Analytics Market size?

In 2024, the Industrial Analytics Market size is expected to reach USD 32.60 billion. Read More

Who are the key players in Industrial Analytics Market?

Cisco Systems, IBM Corporation, General Electric Company, Oracle Corporation and Robert Bosch GmbH are the major companies operating in the Industrial Analytics Market. Read More

Which is the fastest growing region in Industrial Analytics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Analytics Market?

In 2024, the North America accounts for the largest market share in Industrial Analytics Market. Read More

What years does this Industrial Analytics Market cover, and what was the market size in 2023?

In 2023, the Industrial Analytics Market size was estimated at USD 27.88 billion. The report covers the Industrial Analytics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Analytics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial Analytics Market - Size, Share & Growth, Trends

Industrial Analytics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Industrial Analytics Market Companies and it is segmented by deployment (on-premise, cloud), component (software, services), type (predictive analytics, prescriptive analytics, descriptive analytics), end user (construction, manufacturing, mining, transportation, and other end-user industry), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are provided in value (USD million) for all the above segments.

Industrial Analytics Industry Overview

The major players include Intel, Cisco Systems, IBM, General Electric, Amazon.com, Oracle Corporation, Hewlett-Packard, Microsoft Corporation, and Genpact, amongst others. The market is fragmented since there is high competition among major players due to the adoption of industry 4.0 and the companies spending heavily on R&D for better operational activities. Therefore, the market concentration will be low.

August 2022-Industrial Analytics, a firm based in Berlin, was acquired by Infineon Technologies AG. Infineon is enhancing its artificial intelligence software and services business to perform predictive analysis on machinery and industrial equipment. Infineon is acquiring all outstanding shares of the business. Based on the collection and evaluation of vibrations, Industrial Analytics creates artificial intelligence systems that, for instance, monitor plants for the early detection of significant developments. Industrial Analytics' AI solutions analyze data for predictive maintenance and make actionable suggestions.