The Analytics of Things (AoT) market is rapidly growing owing to the tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation for businesses. The global AoT market size is estimated to be USD 7.19 Billion in 2017 and is projected to reach USD 27.78 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 31.0%.
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The manufacturing industry vertical to have the highest market share during the forecast period
Among industry verticals, the manufacturing industry vertical is expected to continue to have the highest market share during the forecast period. Manufacturing companies from heavy machinery and construction, industrial machinery, oil and gas, and transportation and logistics are using AoT for effective utilization of their assets from remote locations and to enhance their life cycle. In the era of Industry 4.0 revolution, the manufacturing organizations are rapidly moving toward predictive maintenance solutions, especially cloud-based solutions. The latter has seen tremendous adoption among Small and Medium-Sized Enterprises (SMEs) also. Manufacturers have the chance to monetize the insights obtained from the IoT-generated data. AoT innovates manufacturing processes; improves interoperability across a large set of assets; and links machines, products, computers, people, and analytical resources into a single ecosystem.
The cloud deployment model to grow at a higher CAGR during the forecast period
The cloud-based deployment models are witnessing a higher demand than on-premises models due to their cost-effectiveness and easy availability. Cloud-based solutions require little setup cost, incur low maintenance costs, and provide 24/7 accessibility from any time, anywhere. Due to advancements in cloud technologies and increase in data generation from various constituents and customers, cloud-based deployments are expected to exceed on-premises deployments.
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North America to constitute the largest market size during the forecast period
In terms of market size, North America is expected to continue its dominance throughout the forecast period. Early adoption of new and emerging technologies and a large number of AoT vendors in the region would help consolidate the majority of revenues in the market. Exponential growth in data gathered through IoT devices, stringent laws and policies for safeguarding data, and the presence of 2 major economies – the US and Canada, in the region are the factors contributing to the largest market size of the North America AoT market among all regions.
The major vendors providing AoT software and services are 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, Inc. (US), Hewlett Packard Enterprise Company (US), and PTC, Inc. (US).
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Global IoT Analytics Market was valued US$ 6.2 Bn in 2017, and is expected to reach US$ 45.8 Bn by 2026, at a CAGR of 28.4 % during forecast period.Capacity of IoT data is continuously increasing because of introduction of smart glasses, smart watches, smart infrastructure, and smart cities.
Also, falling costs of sensors and minimized processing power are among key trends activating market growth.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Increase in importance on cost and time management, rising need for real-time data, increasing penetration of automation in businesses, growing competitive challenges, and appearance of advanced technologies are providing a boost to the market.
Solutions are also expected to support users to get well and improved understanding & knowledge of a product, get detailed visions, cut down the time, and makes better marketing and operational decisions.
Regions are an initial adopter of novel innovative technologies owing to presence of large technology players.
Additionally, availability of better technology infrastructure and consistent network connectivity across the region is boosting the growth of regional markets.Healthcare & life sciences vertical segment is expected to be the fastest-growing segment over the forecast period.
Cloud-based solutions are expected to be dominating during forecast period, due to increment in IoT devices.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The Analytics of Things (AoT) market is rapidly growing owing to the tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation for businesses.
The global AoT market size is estimated to be USD 7.19 Billion in 2017 and is projected to reach USD 27.78 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 31.0%.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52329619The AoT ecosystem comprises vendors including 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, Inc. (US), Hewlett Packard Enterprise Company (US), PTC, Inc. (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US),and Greenwave Systems, Inc. (US).
Partnerships, collaborations, new product launches, and acquisitions are some of the significant strategies adopted by the players in the recent years.
Players such as SAP SE, IBM Corporation, and Microsoft Corporation have adopted these strategies to expand their product portfolios.IBM Corporation has undertaken collaborations and partnerships as its major development strategy to create a leading market edge.
As a part of its inorganic growth strategy, in June 2016, IBM collaborated with Cisco to provide instant IoT insights at the edge of the network.
The collaboration helped combine IBM’s Watson IoT and Business Analytics (BA) technologies with Cisco’s edge analytics capabilities to offer a new way to produce immediate, actionable insights after the data is collected.
Global IoT Analytics Market presents information on the current and future industry speculations, enabling the users of this report to identify the products and services, which drive revenue growth and profitability.
Moreover, the report depicts the present market scenario and the downstream and upstream industry chain.The report includes the latest coverage of the impact of COVID-19 on the IoT Analytics industry.
This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.To look at the PDF Sample Report and get 30 minutes of a free consultation @https://www.reportsanddata.com/sample-enquiry-form/1951The IoT Analytics market report intends to give all the potential investors and participants an overview of all the details related to growth factors, restraints, threats, and the upcoming opportunities that the market will have.
The report encompasses the revenue trends, consumer requirements, market forecasts, cost-effective methods of production for an increased understanding of the competitive landscape of the market.Top Key Players in the IoT Analytics Market:Microsoft Corporation, IBM, Cisco, Amazon Web Services, Oracle, Dell Technologies, Hitachi, Salesforce.Com, PTC, Mnubo, and Google, among others.Competitive landscapeThe IoT Analytics Industry is booming owing to the varied established players in this market who are constantly attempting to increase their market share.
The suppliers in the market are segmented based on price, product portfolio, product differentiation, brand, and quality.
The present supplier’s primary focus is achieving a better customer customization technique, providing the customers with a product, which is more to their liking.IoT Analytics Market segment by Regions/Countries:North AmericaU.S.EuropeGermanyUKAsia PacificChinaIndiaSouth-east AsiaLatin AmericaBrazilMEAAsk Here to Get customization & Check for irresistible discount rates on this report @https://www.reportsanddata.com/discount-enquiry-form/1951For the purpose of this report, Reports and Data have segmented into the global IoT Analytics market on the basis of component, analytics time, organization size, deployment mode, end-users, and region:Component Outlook (Revenue: USD Billion; 2016-2026)SoftwareServicesAnalytics Time Outlook (Revenue: USD Billion; 2016-2026)Predictive AnalyticsPrescriptive AnalyticsDescriptive AnalyticsOrganization Size Outlook (Revenue: USD Billion; 2016-2026)Small and Medium enterprisesLarge EnterprisesDeployment Mode Outlook (Revenue: USD Billion; 2016-2026)On-PremisesCloudEnd Users Outlook (Revenue: USD Billion; 2016-2026)RetailManufacturingHealthcareGovernment and DefenseEnergy and UtilitiesTransportation & LogisticsTelecommunications & ITOthersFeatures of the IoT Analytics market report:The report include the competitive landscape of the IoT Analytics market.proper profiling of the major participants is carried out in the report.The future strategies, production, manufacture, sales and the technological capabilities of the influential market players is encompassed by the reportThe drivers of the IoT Analytics market are explained in detail for the user to optimize his chances of benefittingThe report also talks about the key application areas of the global market, thereby providing an accurate description of the market to the readers/users.The study conducted a SWOT analysis of the market.
