Question 1

How big is the industrial analytics market?

Accepted Answer

The market size of industrial analytics reached USD 35.2 billion in 2022 and is set to grow at 12% CAGR from 2023 to 2032, due to the increasing investments in advanced analytic solutions by leading businesses worldwide.

Question 2

Why is the industrial analytics market growing from hardware components?

Accepted Answer

The hardware component segment held over 40% of the market share in 2022, owing to the widespread adoption of IoT devices and the increasing need for seamless connectivity between industrial machines & systems.

Question 3

What factors are influencing industrial analytics industry growth in Asia Pacific?

Accepted Answer

Asia Pacific market size was valued at USD 10 billion in 2022, attributed to the rapid industrialization and supportive government initiatives in the region.

Question 4

Who are the key industrial analytics market players?

Accepted Answer

HP Inc., IBM, Intel Corporation, Microsoft, Robert Bosch GmbH, Rockwell Automation, and Siemens are some of the major industrial analytics companies worldwide.

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

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