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Industrial Analytics Market Share

Report ID: GMI7397
Published Date: Nov 2023
Report Format: PDF

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Industrial Analytics Market Share

Major companies operating in the industrial analytics industry are:

HP Inc.
IBM
Intel Corporation
Microsoft
Robert Bosch GmbH
Rockwell Automation
Siemens

IBM, Intel Corporation and Microsoft are among the dominating players in the industrial analytics market with around 18% revenue share. Major companies in the industrial analytics industry are fiercely competing for market shares by integrating advanced AI systems and leveraging the proliferation of cloud technology. They focus on developing sophisticated analytics solutions, enhancing real-time data processing, and offering scalable cloud-based services to meet diverse industry needs, driving their competitive edge.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

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

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