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Siddharth Mnm 2020-08-14
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According to market research report on "Connected Device Analytics Market by Component, Deployment Mode, Organization Size, Application (Security and Emergency Management, and Sales and Customer Management), Industry Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Connected Device Analytics Market size to grow from USD 14.3 billion in 2020 to USD 40.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

The major factors fueling the market growth include the such as the increasing focus on remote monitoring in support of the work from home initiative, the growing adoption of smart payment technologies, and the rising business need to build digital infrastructure for large-scale deployments are expected to drive the adoption of Connected Device Analytics Market solutions and services.

Businesses in various verticals are already planning to deploy a diverse array of connected device analytics solutions to enable digital transformation initiatives, which address mission-critical processes, improve operations, and differentiate customer relationships.

It is one of the leading vertical in Connected Device Analytics Market due to the increasing growth of IIoT that employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations.Among services, the managed services segment to grow at a higher CAGR during the forecast periodThe Connected Device Analytics Market is segmented on the basis of services into two categories, namely, professional services and managed services.

Many connected device analytics solution providers in North America are experimenting in the Connected Device Analytics Market by integrating IoT, AI, and ML functionalities with their existing connected device analytics solutions.

The commercialization of the IoT technology and need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of connected device analytics solutions in the region.Major vendors in the global Connected Device Analytics Market include Oracle (US), IBM (US), PTC (US), Cisco (US), Google (US), SAS Institute (US), Adobe (US), Teradata (US), AWS (US), HPE (US), Hitachi (Japan), Software AG (Germany), GE (US), Cloudera (US), Guavus (US), Splunk (US), TIBCO Software (US), Qlik (US), Salesforce (US), Infor (US), Mnubo (Canada), Arundo Analytics (US), and Striim (US).

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Siddharth Mnm 2020-08-14
img

According to market research report on "Connected Device Analytics Market by Component, Deployment Mode, Organization Size, Application (Security and Emergency Management, and Sales and Customer Management), Industry Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Connected Device Analytics Market size to grow from USD 14.3 billion in 2020 to USD 40.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period.

The major factors fueling the market growth include the such as the increasing focus on remote monitoring in support of the work from home initiative, the growing adoption of smart payment technologies, and the rising business need to build digital infrastructure for large-scale deployments are expected to drive the adoption of Connected Device Analytics Market solutions and services.

Businesses in various verticals are already planning to deploy a diverse array of connected device analytics solutions to enable digital transformation initiatives, which address mission-critical processes, improve operations, and differentiate customer relationships.

It is one of the leading vertical in Connected Device Analytics Market due to the increasing growth of IIoT that employs a network of sensors to collect critical production data and uses cloud software to turn this data into valuable insights about the efficiency of the manufacturing operations.Among services, the managed services segment to grow at a higher CAGR during the forecast periodThe Connected Device Analytics Market is segmented on the basis of services into two categories, namely, professional services and managed services.

Many connected device analytics solution providers in North America are experimenting in the Connected Device Analytics Market by integrating IoT, AI, and ML functionalities with their existing connected device analytics solutions.

The commercialization of the IoT technology and need for further advancements to leverage its benefits to the maximum are expected to drive the adoption of connected device analytics solutions in the region.Major vendors in the global Connected Device Analytics Market include Oracle (US), IBM (US), PTC (US), Cisco (US), Google (US), SAS Institute (US), Adobe (US), Teradata (US), AWS (US), HPE (US), Hitachi (Japan), Software AG (Germany), GE (US), Cloudera (US), Guavus (US), Splunk (US), TIBCO Software (US), Qlik (US), Salesforce (US), Infor (US), Mnubo (Canada), Arundo Analytics (US), and Striim (US).