20 December, 2018- IoT Analytics Market is estimated to grow at a significant CAGR of 33.39% over the forecast period as the scope and its applications are rising enormously across the globe. IoT Analytics is a technology of data analysis that helps industries or organizations to understand Internet of Things (IoT) data at their disposable, with an aim toward improving business operations, reducing maintenance cost, and avoiding equipment failures.
The key players of IoT analytics aarket are Greenwave Systems, Inc., IBM Corporation, Teradata Corporation, Microsoft Corporation, Hitachi, Ltd., Oracle Corporation, PTC, Inc., SAP SE, Salesforce.com, Inc., Cisco Systems, Inc., HP Enterprise Company, Dell Technologies, Inc., and Google, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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The factors that are playing a major role in the growth of market are growing need for enhanced analytics and automation and the marvelous growth of IoT. However, data privacy and security concerns may restrain overall market growth in the years to come. IoT analytics market is segmented based on analytics type, component, deployment model, organization size, end user, application, and region.
Based on organization size the IoT analytics could be classified into large enterprises, and small and medium enterprises (SMEs). Large enterprises sector accounted for the significant market share of IoT analytics and is estimated to lead the overall market in the years to come. This may be because of the presence of several operating units. Transportation and logistics, manufacturing, telecommunications and IT, retail and e-commerce, energy and utilities, government and defense, healthcare and life sciences, and other end-users could be explored in IoT analytics in the forecast period.
The IoT analytics market may be categorized based on applications like remote monitoring, energy management, IT infrastructure management, predictive maintenance and asset management, building automation, inventory management, sales and customer management, security and emergency management, and others could be explored in IoT analytics in the forecast period.
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Market Segment:
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Global IoT Analytics Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Cisco Systems
- Hewlett Packard Enterprise (HPE)
- IBM
- Microsoft
- SAP
