Global IoT Analytics Market Size By Type, By Component, By Application, By Geographic Scope And Forecast
IoT Analytics Market Size And Forecast
IoT Analytics Market was valued at USD 12.47 Billion in 2019 and is projected to reach USD 96.94 Billion by 2027, growing at a CAGR of 31.54% from 2020 to 2027.
Global IoT Analytics Market Overview
The increasing growth of inter connected devices and sharing of information across a variety of industries, acts as a major driver for the market. With the growing need to have information from different industries digitally available, the market for IoT Analytics is growing at a fast pace. Real-time monitoring and sharing data is the need of the hour and must be given importance. With recent technological growth and improvement it has become easier to share information. IoT Analytics are used in a number of industries. The healthcare industry uses it for improving the quality of treatment. It is also used in e-commerce, retail, manufacturing to update recent trends and consumer behaviour that can be used for future prospects and products. Manufacturing companies can also track the use of certain products with smart sensors. All these industries positively impact the IoT Analytics Market.
Global IoT Analytics Market: Segmentation Analysis
Global IoT Analytics Market is segmented based on Type, Component, Application, And Geography.
Key Players in IoT Analytics Market
The Global IoT Analytics Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as
- Google, Inc.
- Microsoft Corporation
- Amazon Web Services, Inc.
- SAP SE
- IBM Corporation
- Oracle Corporation
- Cisco Systems, Inc.,
- Dell Technologies, Inc.
- HP Enterprise Company
- PTC, Inc.
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Global IoT Analytics Market
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 ...