Lewes, DE -- (SBWIRE) -- 07/23/2015 -- Report forecast the global engineering analytics services market to grow at a CAGR of 20% over the period 2014-2019.

The digital era has transformed the way businesses function. The explosion of digital data has prompted companies to focus on extracting valuable information from data to implement strategies to enhance business. Engineering analytics is likely to play the significant role in transforming several Legacy and automated industrial processes. Manufacturing, healthcare, automotive and transportation, energy, and utilities are some of the industries increasingly adopting it. The inevitable need to reduce costs, increase productivity, enhance efficiency, and evolve has led to its popularity.

Transforming data into useful information is becoming a priority among leadership teams in these industries. Engineering analytic services aid in the planning and deployment of engineering analytic solutions.

Publisher expects increased spending on engineering analytic services from OEMs in sectors such as industrial, energy and utility, and others (including transportation, aerospace, and healthcare).

The global engineering analytics services market is segmented based on end-users from sectors such as industrial, energy and utility, and others (including transportation, aerospace, and healthcare).

According to the report, there is a continuous increase of adoption of cloud technology among different sectors such as healthcare, manufacturing, and energy. As sectors are moving toward cloud computing platforms, the implementation of engineering analytics has also become difficult as the data is not stored on individuals' hard drives. In order to perform analysis, companies need to access data which are stored on cloud platforms. It is easier to perform data analysis on the private cloud rather than public cloud. In the public cloud, data are available on a common platform which is accessible by different stakeholders. Hence, enterprises are looking for well-defined security policies and this is increasing the market for engineering analytics services. Vendors in the space offer security services and services around engineering analytics to make good use of analytics in different sectors.

Further, the report states that security issues is a major challenge hindering the market growth.

Global Engineering Analytics Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the global engineering analytics services market landscape and its growth prospects in the coming years.

The report also includes a discussion on the key vendors operating in this market.

key players in the Global Engineering Analytics Services Market: HCL Technologies, Infosys, L&T, Tata Consultancy Services, Tech Mahindra and Wipro

Other Prominent Vendors in the market are: Aricent, iGate, ITC Infotech, Quest, Schneider Electric, Symphony Teleca (a Harman Company) and Tata ELXI

Market Driver
- Reduced Time-to-market
- For a full, detailed list, view our report

Market Challenge
- Security Issues
- For a full, detailed list, view our report

Market Trend
- Increased Use of Sensors
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 79 pages and 28 Exhibits "Global Engineering Analytics Services Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Type, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit-
http://www.marketresearchreports.com/technavio/global-engineering-analytics-services-market-2015-2019

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