The global analytics of things or internet of things (IoT) analytics market size is
expected to reach USD 57.3 billion by 2025, according to a study conducted by
Grand View Research, Inc., registering a CAGR of 29.7% during the forecast
period. Soaring need for advanced technologies and cost-effectiveness is
augmenting the adoption of analytics of things. IoT analytics allow users to
get just-in-time information. Generation of useful data has become easy due to
high-tech sensor collaborations. Extracted data can be used by enterprises for
making better real-time decisions.
Ease of deployment and reduced costs of
components are further escalating the adoption of analytics of things. Internet
of things (IoT) analytics is used for various applications such as building
automation, infrastructure management, and security management. It also
facilitates analysis of massive amounts of data generated by IoT. It helps in
connecting, managing, transforming, aggregating, and processing data and
providing real-time insights. The solutions offer benefits such as cost
optimization, scalability, and real-time reviewing to enterprises. These
factors are estimated to provide a significant push to the market over the
forecast period.
Presence of a strong wireless network and
burgeoning data generated by IoT in developed regions, including North America,
are facilitating widespread adoption of IoT analytics. Hence, the regional
market is expected to experience considerable growth over the forecast period.
Additionally, domicile of prominent companies such as Google; Cisco Systems,
Inc.; Hewlett Packard Enterprise Development LP; and Microsoft is poised to
boost growth prospects of the market.
Access Research Report of Internet of Things
Analytics Market @ https://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-analytics-market
Further key findings from the study suggest:
· The healthcare & life sciences segment
is projected to command over 12.5% of the overall revenue by 2025. The growth
of the segment can be attributed to analytics of things solutions provide
real-time alerts to doctors and help them in data monitoring and gaining
actionable insights
· SMEs are anticipated to be the most
prominent organization size segment during the forecast period, owing to increasing
competitive rivalry and adoption of advanced technologies for cost and time
management
· The cloud segment is likely to dominate the
market with a CAGR of more than 30.0% over the forecast period, as these
solutions provide 24/7 accessibility, incur less maintenance costs, and are
gaining momentum
· North America was the leading revenue
contributor in 2016, owing to early adoption of the technology and presence of
leading market players
· The prominent players of analytics of
things market include Amazon Web Services, Inc. (AWS); Cisco Systems, Inc.;
Google; Greenwave Systems; Hitachi, Ltd.; Hewlett Packard Enterprise
Development LP; and International Business Machines (IBM).
Grand View Research has segmented the
global analytics of things market based on verticals, organization sizes,
deployments, and regions:
Analytics of Things Vertical Outlook
(Revenue, USD Million, 2014-2025)
·
Manufacturing
·
Energy & Utilities
·
Retail & E-commerce
·
Healthcare & Life Sciences
·
Transportation & Logistics
·
Others
Analytics of Things Organization Size
Outlook (Revenue, USD Million, 2014-2025)
·
Small & Medium Enterprises (SMEs)
·
Large Enterprises
Analytics of Things Deployment Outlook
(Revenue, USD Million, 2014-2025)
·
On-premise
·
Cloud
Analytics of Things Regional Outlook
(Revenue, USD Million, 2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
·
Middle East & Africa
Access Press Release of Internet of Things Analytics Market@ https://www.grandviewresearch.com/press-release/global-internet-of-things-iot-analytics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
