Global Internet of Things (IoT) Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global internet of things (IoT) analytics market in its upcoming report titled, “Global Internet of Things (IoT) Analytics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global internet of things (IoT) analytics market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global internet of things (IoT) analytics market report has been segmented on the basis of organization size, deployment type, industry vertical, and region.
Finding, interpretation, and communication of a logical pattern from a given data sets is called as analytics. Internet of things analytics refers to analysis and interpretation of data obtained from internet of things devices such as sensors, objects, networks, collected data, weather stations, etc.
Increasing penetration of internet of things (IoT) and rising adoption of cloud-based services and solutions are major factors driving growth of the global internet of things (IoT) analytics market. In addition, increasing adoption of automated solutions by various businesses is another factor expected to fuel growth of the global market over the forecast period. Increasing demand for real time analytics from retail, media, and marketing sector is another factor boosting demand for internet of things (IoT) analytics in the global market.
Concerns related to data security and privacy is a major factor expected to hamper the growth of the global internet of things (IoT) analytics market to a certain extent over the forecast period. Reduction in the cost of sensors coupled increasing deployment of smart applications and tools in retail sector is the current trend observed in the market.
High manufacturing cost and fluctuating raw material prices are key factors hampering growth of the Global Wireless Microphone Market . The current trend observed in the market is increasing demand for flexible wearables, smart watches, and flexible displays, which is another factor expected to further support growth of the target market. Increasing adoption of flexible electronics in smart applications is expected to present lucrative business opportunity to major manufacturers and vendors in the global market over the next 10 years.
AsaiNorth America market dominates the global internet of things (IoT) analytics market in terms of revenue and is expected to maintain its dominance over the forecast period. Early adoption of internet of things and cloud-based services by various sectors is a major factor driving growth of the North America internet of things (IoT) analytics market. The Europe internet of things (IoT) analytics market is expected to witness significant growth and is expected to register a CAGR of XX.X% over the forecast period. The Asia Pacific internet of things (IoT) analytics market is expected to witness highest growth and is projected to register a CAGR of XX.X% over the next 10 years. This growth can be attributed to rapid commercialization and increasing adoption of automated and real-time services and process by various sectors such as manufacturing, media, retail etc. in countries in this region.
Global Internet of Things (IoT) Analytics Market Segmentation:
Segmentation on the basis of organization size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
Segmentation on the basis of deployment type:
Segmentation on the basis of vertical:
- Retail and eCommerce
- Government and defense
- Healthcare and life sciences
- Energy and utilities
- Telecommunications and IT
- Transportation and logistics
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Amazon Web Services, Inc.
- International Business Machines (IBM) Corporation
- Cisco Systems, Inc.
- Google Inc.
- Greenwave Systems
- Hitachi, Ltd.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Dell Technologies, Inc.
- Hewlett Packard Enterprise Development LP
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