New ARC Advisory Group research on the Industrial and Infrastructure Analytics Market reveals that a customer-centric operational philosophy is at the heart of digital transformation, and analytics is the key to achieving that orientation. Digital technologies such as analytics are seen as critical to countering market downturns. The Cloud provides more flexible ways to create, consume, and support analytics. It is critical for supporting some of the benefits of modern analytics such as rapid scalability and ubiquitous mobility. Additionally, cloud pricing models can shift costs from capital to operating budgets, making software purchasing more palatable.
“The market shows good growth, tempered by hype and the reality that many companies are struggling to achieve sustainable scale. Analytics for operation are poised to become ubiquitous, and rightly so as they are the tip on the spear of transformation. However, companies are finding that the work culture and technology challenges of establishing the necessary core competencies are more complex, costly, and messy than anticipated,” according to Michael Guilfoyle, Director of Research at ARC Advisory Group and key author of ARC’s Industrial Analytics Global Market Research report.
“Despite all these challenges, data and analytics are key to digital transformation success, as they are the means through which companies can remain viable and succeed in rapidly changing markets, perhaps even leapfrogging their peers,” added Ed O’Brien, Director of Research at ARC Advisory Group and co-author of the report.
About the Industrial Analytics Market Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the industrial and infrastructure analytics market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, deployment type, and industry.
This new research is available as a concise Market Analysis Report (PDF). It provides an executive-level summary of the current market dynamics, market forecasts, and recommendations for users and buyers, plus an overview of strategic issues.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.