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North America Synthetic Opioids Market to grow at a sluggish 2.4% during the period 2016-2024

Posted by Merin John on July 7, 2022 at 9:25am 0 Comments

The North America Synthetic Opioids Market is expected to grow on an irreversible note in the next 10 years. The future scenario would be data-driven healthcare. This would, in turn, widen the potential for enhancing treatment options. With interoperability taking the centre stage, program participants could access app blueprints, data…

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Hyperthermia Treatment for Cancer Market is slated to reach a market value close to US$ 160 Mn by the year 2027

Posted by Merin John on July 7, 2022 at 9:25am 0 Comments

The Hyperthermia Treatment For Cancer Market is expected to grow by leaps and bounds in the forecast period. Nanotechnology’s medical application is on the anvil. As such, nanomedicine is an outcome of the technology operating at the molecular, atomic, or supramolecular scale. The broad application areas of nanomedicine include…

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GMP Cell Banking Service Market will likely grow from US$ 346.6 Mn in 2017 to US$ 1,012.4 Mn by the end of 2025

Posted by Merin John on July 7, 2022 at 9:25am 0 Comments

North America is estimated to hold a whopping 45.3% value share in the global GMP cell banking services market by the end of 2017 and will witness an increase of 231 basis points in market share by 2025 over 2017. The North America regional market will create absolute $ opportunity of US$ 23…

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Combination Therapies In Aesthetics Market is projected to grow at a CAGR of 8.1% during the period 2016-2027

Posted by Merin John on July 7, 2022 at 9:25am 0 Comments

The global aesthetics combination therapy market was valued at US$ 1.97 Bn in 2016, and a new report from Persistence Market Research anticipates it to reach US$ 3.69 Bn by 2027. The market is projected to grow at a CAGR of 8.1% during the period…

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Industrial Analytics Market Share, Market Trends, Business Revenue Forecast Statistics and Growth Prospective | COVID-19 Effects

Overview

Industry analytics are data gathered during the entire production cycle of an industry for pinpointing efficiencies and improving its performance over a period of time. Expansion plans of industry giants and the need for products by consumers and clients can drive its need exponentially. The global industrial analytics market report by Market Research Future (MRFR) considers the impact of the COVID-19 pandemic and the various variables such as drivers, opportunities, and threats for the period of 2017 to 2023 (forecast period).

Market Scope

The Industrial Analytics Market Growth is expected to reach approximately USD 29 billion by the end of 2027 with approximately 11% CAGR during the forecasted period.

Advances in connected devices, automation, and industrial internet of things (IIoT) are one of the primary drivers of the market. Benefits of industrial analytics such as improvements in product quality, analytics for customer satisfaction, and rise in profit margins of companies can drive its adoption. Emergence of new companies, changing standards, and rise of faster production due to the growth in population can influence the market growth.

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Segmentation

The industrial analytics market is segmented on the basis of analytics tools, deployment, organization size, and industry.

On the basis of analytics tools, it is segmented into business intelligence, cognitive analytics, predictive analysis, artificial intelligence, and others. Out of these, the predictive analysis holds the largest share of the market. This generally includes the analytics for the maintenance of machines for which more than 40% organizations consider it pertinent for future production during the forecasted period. Tools such as business intelligence can gain revenue share owing to its importance from the manufacturing perspective.

On the basis of deployment, the segmentation is divided into on premise and on cloud. Industrial analytics being a software enablement platform includes analytics tools requiring huge amount of data to be gathered and interpreted. The on cloud segment is expected to garner revenues owing to major organizations in North America, especially U.S., are implementing the method due to cheaper installation and benefit of data retrieval.

On the basis of size of organizations, the segmentation is segmented into large and small and medium enterprises (SMEs).

On the basis of industrial vertical, the market is segmented into utilities, telecommunication, IT, transportation, retail, and manufacturing. Out of these, the utilities segment including energy and power is expected to grow significantly in the forecasted period. This is majorly due to the increased demand of real time data which can play a major role in handling sudden power outages, load of power, and unpredicted calamities.

Regional Analysis

The global industrial analytics market considers the regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The market is led by North America followed by Europe. This is majorly due to the presence of large analytics organizations in U.S. Presence of various manufacturing, food and beverage manufacturers, and other industrial component manufacturers can drive the market growth. Investments in research and development in the U.S and Canada have adapted to the technology earlier than others.

However, the market growth in APAC is expected to grow significantly over the forecast period. The ease of lockdown rules during the COVID-19 pandemic can lead to the use of cameras for ensuring workers at factories can adhere to preventive measures. The use of IoT solutions as people counters to measure footfall at malls and development of smart analytic solutions can fuel the regional market growth.

Competitive Outlook

Hitachi, SAS Institute, General Electric, Hewlett Packard Enterprise, SAP SE, PTC Inc, Microsoft Corporation, Cisco Systems, Oracle Corporation, and IBM Corporation are key players of the global industrial analytics market.

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Industrial Analytics Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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