IoT Analytics Market worth $27.78 Billion by 2022

The IoT Analytics market size is expected to grow from USD 7.19 Billion in 2017 to USD 27.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 31.0%. The report segments the market by application, component, analytics type, deployment model, organization size, industry vertical, and region. The major growth drivers of the IoT Analytics market include tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation of businesses. The base year considered for this report is 2016, and the market forecast period is 2017–2022.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global IoT Analytics market on the basis of applications, components, analytics types, deployment models, organization sizes, industry verticals, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as partnerships, collaborations, and agreements; mergers and acquisitions; new product launches and new product developments; and Research and Development (R&D) activities in the IoT Analytics market.

Read Also: Top 10 most popular IoT(Internet of things) applications right now

Research Methodology

The research methodology used to estimate and forecast the IoT Analytics market begins with capturing data on key vendor revenues through secondary research, which includes directories and databases (D&B Hoovers, Bloomberg Businessweek, and Factiva). The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global IoT Analytics market that was derived from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the figure below:

IoT Analytics Market

The IoT Analytics ecosystem comprises vendors such as IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), Cisco Systems, Inc. (US), Dell Technologies, Inc. (US), Google, Inc., (US), Amazon Web Services (US), Hewlett Packard Enterprise Company (US), PTC, Inc. (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US), and Greenwave Systems, Inc. (US). Other stakeholders of the IoT Analytics market include vendors, research organizations, network and system integrators, IoT Analytics managed service providers, Business Intelligence (BI) solution providers, marketing analytics executives, predictive analytics providers, third-party providers, and technology providers.

Read Also: Security of IoT(Internet of Things)

IoT Analytics Key Target Audience:

  • Service providers and distributors
  • IoT Analytics application builders
  • Independent Software Vendors (ISVs)
  • Analytics consulting companies
  • Enterprises
  • End-users

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing efforts and investments.”

Scope of the Report

The research report categorizes the IoT Analytics market to forecast the revenues and analyze trends in each of the following subsegments:

By Application

  • Energy management
  • Predictive maintenance and asset management
  • Inventory management
  • Security and emergency management
  • Sales and customer management
  • Building automation
  • IT infrastructure management
  • Remote monitoring
  • Others (product and process management, and cost optimization)

By Component

  • Software
    • Sensor data analytics
    • IoT gateway analytics
    • Network management
  • Services
    • Managed services
    • Professional services
      • Consulting services
      • Support and maintenance

Read Also: What is IoT(Internet of Things): 5 predictions for 2018

By Analytics Type

  • Predictive analytics
  • Prescriptive analytics
  • Descriptive analytics

By Deployment Model

  • On-premises
  • Cloud

By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

By Industry Vertical

  • Manufacturing
  • Retail and eCommerce
  • Government and defense
  • Healthcare and life sciences
  • Energy and utilities
  • Telecommunications and IT
  • Transportation and logistics
  • Others (outsourcing services, travel and hospitality, and education)

By Region

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

Available Customizations

With the given market data, Markets and Markets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American IoT Analytics market
  • Further breakdown of the European IoT Analytics market
  • Further breakdown of the APAC IoT Analytics market
  • Further breakdown of the Latin American IoT Analytics market
  • Further breakdown of the MEA IoT Analytics market

Company Information

  • Detailed analysis and profiling of additional market players upto 5.

Akash Gohil

Hello !!! You are Reading Writings of Very Popular Developer of India and Founder of www.technofitbooks.com is a Tech Geek and Passionate about Technology, Gadgets and fitness tips. I am a WordPress Developer and contact for WordPress Development Services as well as SEO Services.

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