The Internet of Things (IoT) analytics refers to the analysis of the real-time information generated from the Internet of Things. The internet of things is a system of machines or devices, which are correlated by the capability to transfer information and data over a network without the intervention of humans. It comprises the use of various tools and procedures to gain value from the massive amounts of data which is produced from the machines and devices.
Adroit Market Research study on the global market for IoT Analytics offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
The increasing growth of information sharing and interconnected devices across multiple industries is driving the market. Further, the surging demand for information from various industries digitally for IoT Analytics is escalating at an aggressive pace. Further, sharing data and real-time monitoring is gaining prominence, which in turn is further favouring the growth.
The large enterprise segment is anticipated to hold a substantial share in the terms of enterprise size for the IoT Analytics market. The growth is accounted to improved collaboration to reduce operating costs, increased flexibility, along with improved time to market. The growth is further complemented by the shift toward the modernization of the cloud for core business applications from deploying the cloud for developing applications.
Asia Pacific region is anticipated to witness a substantial growth rate over the forecast period. The rapid economic growth in developing countries such as China and India along with the ongoing emergence of regional players has a positive impact on the regional market growth in the recent few years. Furthermore, growing awareness for increasing business productivity, supported by competent IoT Analytics solutions by the vendors, in turn, is further expected to drive the market in the coming years.
The key players of the global IoT Analytics market report include- Google, Inc., Microsoft Corporation, Amazon Web Services, Inc., SAP SE, IBM Corporation, Oracle Corporation, Cisco Systems, Inc., Dell Technologies, Inc., HP Enterprise Company, and PTC, Inc.
Key Segments of the Global IoT Analytics Market
Service Model Overview, 2018-2028 (USD Million)
- Software as a Service
- Platform as a Service
- Infrastructure as a Service
Deployment Model Overview, 2018-2028 (USD Million)
- Public Cloud
- Hybrid Cloud
Organization Size Overview, 2018-2028 (USD Million)
- Large Enterprises
End-Use Overview 2018-2028 (USD Million)
- Media & Entertainment
- Telecom & IT
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America