Global IoT Analytics Market

Dec 2018| VMR659A| Verified Market Research

Report Highlights

Market Overview:

The Global IoT Analytics Market was valued at USD 5.56 billion in 2016 and is projected to reach USD 65.6 billion by 2025, growing at a CAGR of 31.54% from 2017 to 2025.

Internet of Things analytics (IoT analytics) refers to analyzing and examining the data obtained by the Internet of Things. Sensors, network end devices and other data storing and transmitting equipment are the key components of collection of Internet of Things data, upon which analysis is performed. Internet of Things analytics provides new solutions and business model, can be used for current as well as the new customers, process efficiency, outage management, predictive management, optimizing production, processes, costs, and inventory.

Market Dynamics:
1. Market Drivers
1.1 Emergence of edge analytics
1.2 Advancements in PaaS
1.3 Increasing IoT data
1.4 Rising demand for advanced analytics and automation for businesses

2. Market Restraints
2.1 Poor real-time algorithms
2.2 Issues with ownership and control of IoT data
2.3 Concerns related to security and privacy
2.4 Rising heterogeneous data processing

Market Segmentation:
The Global IoT Analytics Market is segmented on the analytics type, organization size, component, deployment model, application, vertical, and region.

1. Analytics Type:
1.1 Descriptive analytics
1.2 Predictive analytics
1.3 Prescriptive analytics

2. Organization Size:
2.1 Large Enterprises
2.2 Small and Medium Organizations

3. By Component:
3.1 Software
3.2 Services
3.2.1 Managed services
3.2.2 Professional services
3.2.2.1 Support and maintenance services
3.2.2.2 Consulting services

4. By Deployment Mode:
4.1 Cloud-based
4.2 On-premises

5. By Application:
5.1 Remote monitoring
5.2 Energy management
5.3 Inventory management
5.4 Sales and customer management
5.5 Building automation
5.6 Predictive maintenance and asset management
5.7 Security and emergency management
5.8 IT infrastructure management

6. By Vertical:
6.1 Healthcare
6.2 Government and Defense
6.3 IT and Telecom
6.4 Banking, Financial Services, and Insurance (BFSI)
6.5 Travel and Hospitality
6.6 Retail and e-commerce
6.7 Manufacturing
6.8 Others

7. By Region:
7.1 North America (U.S., Canada, Mexico)
7.2 Europe (Germany, UK, France, Rest of Europe)
7.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
7.4 Latin America (Brazil, Argentina, Rest of Latin America)
7.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Cisco Systems
2. IBM Corporation
3. SAP
4. Oracle
5. Microsoft
6. Google
7. Dell Technologies
8. Salesforce.Com
9. Amazon Web Services
10. Mnubo
11. HPE
12. Teradata
13. Hitachi
14. Greenwave Systems
15. PTC

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global IoT Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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