Global Internet of Things (Iot) Analytics Market was valued at USD 5.38 Billion in 2019 and is expected to reach over USD 29.14 Billion by 2026, growing at a CAGR of around 27.3%during the forecast period from 2020 to 2026
According to the report, the global internet of things (Iot) analytics market was valued at USD 5.38 Billion in 2019 and is expected to reach over USD 29.14 Billion by 2026, growing at a CAGR of around 27.3%during the forecast period from 2020 to 2026.
The volume of IoT data is increasing constantly due to the introduction of smart glasses, smart watches, intelligent infrastructure and smart cities. Stuff analytics help to analyze these results. The use of analytics of things is enhanced by social media & rapidly evolving technology, mobile usage and the internet. Furthermore, decreasing sensor costs and reduced processing power are among key trends that boost the market growth.
Global Internet of Things (IoT) Analytics Market: Overview
The high requirement for cost-effectiveness and developed technologies is likely to increase the implementation of the internet of things (IoT) analytics. IoT analytics let the users receive just-in-time information. Production of valuable data has become simple owing to high-tech sensor association. The extracted information can be utilized by enterprises for creating improved real-time decisions. Internet of things (IoT) analytics can be utilized in different applications, for instance, infrastructure management, building automation, and security management. In addition, it also facilitates the study of huge amounts of information generated by IoT.
Global Internet of Things (IoT) Analytics Market: Growth Factors
Growing emphasis on time and cost management, rising penetration of automation in businesses, soaring need for real-time data, the emergence of advanced technologies, and growing competitive rivalry are likely to propel the global internet of things (IoT) analytics market. Analytics of things is likely to support enterprises to gain real-time insights as well as rising efficiency of their decision-making procedure for maximizing returns.
IoT analytics is expected to offer several benefits such as advanced processing and real-time insights. The solutions are also projected to help users to get better and improved understanding & knowledge of a product, get detailed insights, cut down the time, and makes improved marketing and operational decisions. The major restraint faced by the key market players is controlling the huge quantity of IoT data. In addition, issues associated with processing and ownership of data is projected to hold back the expansion of the market.
Global Internet of Things (IoT) Analytics Market: Segmentation
The global internet of things (IoT) analytics market is classified into organization sizes, verticals, deployments, and regions. In terms of verticals, the global internet of things (IoT) analytics market is divided into energy & utilities, manufacturing, retail and e-commerce, transportation and logistics, life science and healthcare, and others. In terms of organization size, the global internet of things (IoT) analytics market is bifurcated into large enterprises and small and medium enterprise (SMEs). In terms of deployment, the global internet of things (IoT) analytics market is bifurcated into cloud and on-premise.
Global Internet of Things (IoT) Analytics Market: Regional Analysis
North America is likely to dominate and lead the global internet of things (IoT) analytics market, due to the existence of the prominent key players, for instance, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Amazon Web Services, Inc. (AWS), Hitachi, Ltd., Google, and others. Early implementation of the modern technologies in the different division such as life sciences & healthcare, logistics & transportation, and manufacturing is likely to influence the global market positively.
The requirement and demand for the internet of things (IoT) analytics in the Asia Pacific are expected to boost due to the augment in mobile computing, IoT devices, and social media. Countries, for instance, China, India, and Japan are likely to be the most important emerging economies in the Asia Pacific region. The usage of social media & internet in these countries is expected to increase in the coming years. This is anticipated to propel the global internet of things (IoT) analytics market in the coming years.
Global Internet of Things (IoT) Analytics Market: Competitive Players
Some of the most important market players in the global internet of things (IoT) analytics market are International Business Machines (IBM), Cisco Systems, Inc., Amazon Web Services, Inc. (AWS), Greenwave Systems, Google, Hewlett Packard Enterprise Development LP, and Hitachi, Ltd., among others.
Global Internet of Things (IoT) Analytics Market: Regional Segment Analysis
What Reports Provides
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Internet of Things Analytics Market
FIG. 6 Global Internet of Things Analytics Market Attractiveness, By Organization Size
FIG. 7 Global Internet of Things Analytics Market Attractiveness, By Deployment Mode
FIG. 8 Global Internet of Things Analytics Market Attractiveness, By Vertical
FIG. 9 Global Internet of Things Analytics Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Internet of Things Analytics Market Revenue Share, By Organization Size, 2019 & 2026
FIG. 12 Global Internet of Things Analytics Market for Large Enterprises, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Internet of Things Analytics Market for SMEs, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Internet of Things Analytics Market Revenue Share, By Deployment Mode, 2019 & 2026
FIG. 15 Global Internet of Things Analytics Market for Cloud-Based, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Internet of Things Analytics Market for On-Premises, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Internet of Things Analytics Market Revenue Share, By Vertical, 2019 & 2026
FIG. 18 Global Internet of Things Analytics Market for Energy & Utilities, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Internet of Things Analytics Market for Manufacturing, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Internet of Things Analytics Market for Retail & E-Commerce, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Internet of Things Analytics Market for Life Science & Healthcare, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Internet of Things Analytics Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Internet of Things Analytics Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Europe Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Asia Pacific Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 Latin America Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 The Middle-East and Africa Internet of Things Analytics Market Revenue, 2016 - 2026 (USD Million)
FIG. 29 IBM Business Segment Revenue Share, 2018 (%)
FIG. 30 IBM Geographical Segment Revenue Share, 2018 (%)
List of Tables
TABLE 1 Global Internet of Things Analytics Market: Snapshot
TABLE 2 Drivers of the Internet of Things Analytics Market: Impact Analysis
TABLE 3 Restraints for the Internet of Things Analytics Market: Impact Analysis
TABLE 4 Global Internet of Things Analytics Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Internet of Things Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Internet of Things Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 7 North America Internet of Things Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 8 North America Internet of Things Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 9 Europe Internet of Things Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Europe Internet of Things Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 11 Europe Internet of Things Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 12 Europe Internet of Things Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Internet of Things Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 Asia Pacific Internet of Things Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Internet of Things Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Internet of Things Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 17 Latin America Internet of Things Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Latin America Internet of Things Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 19 Latin America Internet of Things Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 20 Latin America Internet of Things Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
TABLE 21 The Middle-East and Africa Internet of Things Analytics Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22 The Middle-East and Africa Internet of Things Analytics Market Revenue, By Organization Size, 2016 – 2026 (USD Million)
TABLE 23 The Middle-East and Africa Internet of Things Analytics Market Revenue, By Deployment Mode, 2016 – 2026 (USD Million)
TABLE 24 The Middle-East and Africa Internet of Things Analytics Market Revenue, By Vertical, 2016 – 2026 (USD Million)
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