The IoT Analytics Market is expected to grow from USD 17.14 billion in 2020 to USD 81.67 billion by 2026 at a CAGR of 29.8% from 2020 to 2026.
IoT data analytics is the analysis of large data volumes produced by connected devices, and organizations can obtain several benefits such as optimize operations, engage more customers, automatically control processes and empower employees. IoT analytics is a perfect option to run on IoT data to obtain insights to allow more precise decision making for IoT applications and machine learning. Expeditiously rising sales of smart products such as smart watches, smart televisions, smart speakers and others is projected to produce large amounts of data, which is further anticipated to increase the requirement for IoT analytics in future. Rising number of electronics manufacturing companies are adopting smart sensors in products they provide in order to gather data to several activities carried out by consumers, which is further analyzed using IoT analytics to derive valuable insights. The huge amount of data collected are used to enhance work efficiency due to the growing focus on time and cost management, rapid growth of automation technologies, requirement for real-time data access and rising number of advanced technologies. Furthermore, the rapid traction of the Internet of Things and advent of new and more advanced technologies has been resulting in rising deployment of data analytics in the agriculture sector to improve operational efficiency and productivity in farming field. IoT analytics is also utilized in soil monitoring applications and to augment moisture sensor data to improve water efficiency of automated irrigation equipment and systems. On the other hand, the dearth of real-time algorithms is a factor which is likely to hinder the market growth.
Additionally, with the evolution of growth analytics, IoT Analytics has seen a significant boost in its overall market. Edge analytics is a primarily the same as video or image analytics whereas the analysis capabilities are equipped in small devices as opposed to collaborating all the data in a centralized enterprise data warehouse There are various business processes which do not need substantial analytics and therefore the data gathered, processed and analyzed on or near the edge can propel automated decisions. For example, a local valve can be turned off on the detection of a leak. This has created massive opportunity for IoT Analytics as it includes IoT devices and has minimized demands on the bandwidth of the network and storage requirements.
The global IoT Analytics Market is segregated on the basis of Vertical as Manufacturing, Energy & Utilities, Retail & E-commerce, Healthcare & Life Sciences, Transportation & Logistics and Others. Based on Organization Size the global IoT Analytics Market is segmented in Small & Medium Enterprises (SMEs) and Large Enterprises. Based on Deployment the global IoT Analytics Market is segmented in On-premise and Cloud.
The global IoT Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Accenture Plc, AGT International, Amazon Web Services Inc.,Capgemini SE, Cisco Systems Inc. and others are among the major players in the global IoT Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global IoT Analytics Market has been segmented as below:
IoT Analytics Market, By Vertical
IoT Analytics Market, By Organization Size
IoT Analytics Market, By Deployment
IoT Analytics Market, By Region
IoT Analytics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global IoT Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Analytics Market share. Major industry players with significant revenue share include Accenture Plc, AGT International, Amazon Web Services Inc.,Capgemini SE, Cisco Systems Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. IoT Analytics Market, By Vertical
5.1. Key Points
5.2. Manufacturing
5.3. Energy & Utilities
5.4. Retail & E-commerce
5.5. Healthcare & Life Sciences
5.6. Transportation & Logistics
5.7. Others
6. IoT Analytics Market, By Organization Size
6.1. Key Points
6.2. Small & Medium Enterprises (SMEs)
6.3. Large Enterprises
7. IoT Analytics Market, By Deployment
7.1. Key Points
7.2. On-premise
7.3. Cloud
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- IoT Analytics Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Accenture Plc
9.2. AGT International
9.3. Amazon Web Services Inc.
9.4. Capgemini SE
9.5. Cisco Systems Inc.
9.6. Dell Technologies Inc.
9.7. GE Digital
9.8. Google LLC
9.9. Greenwave Systems Inc.
9.10. IBM Corporation
9.11. Microsoft Corporation
9.12. Nokia
9.13. Oracle Corporation
9.14. PTC Inc.
9.15. Salesforce.com Inc.
9.16. SAP SE
9.17. Siemens AG
9.18. Teradata Corporation
oT Analytics Market, By Vertical
IoT Analytics Market, By Organization Size
IoT Analytics Market, By Deployment
IoT Analytics Market, By Company