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IoT Analytics Market Size Worth USD 109.81 Billion at CAGR of 26.70%, By 2028: Reports and Data

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IoT Analytics Market Size Worth USD 109.81 Billion at CAGR of 26.70%, By 2028: Reports and Data

September 14
14:11 2021
IoT Analytics Market Size Worth USD 109.81 Billion at CAGR of 26.70%, By 2028: Reports and Data
IoT Analytics Market
IoT Analytics Market Size – USD 16.29 Billion in 2020, Market Growth – CAGR of 26.70%, Market Trends – The increasing adoption of IoT in emerging nations.

The increasing development of smart cities, smart homes, and smart factories are driving the market for IoT Analytics.

The global Iot Analytics Market is forecast to reach USD 109.81 Billion by 2028, according to a new report by Reports and Data. IoT analytics is the application for analyzing the data generated from the connected IoT devices. The growing adoption of IoT devices from different industries for sharing of data and enhancing their productivity with real-time monitoring is driving the global IoT analytics market.

Governments across the globe are investing highly in the development of smart cities, which is also increasing the demand for IoT devices, and with the rise in the number of IoT devices, the need for analysis of data is also required to predict the demand of the users. Benefits of IoT analytics is that it can analyze the productivity of the machines and can also track the issues in a particular part or equipment of the devices. 

Retail shops and hospitals are using IoT analytics to predict and understand the customers or patients’ behaviors and plan a strategy accordingly to engage the customers. The IoT analytics are used in industries such as e-commerce, healthcare, retail, manufacturing, and others by analyzing the functionality of the systems or products from the data generated from these systems or devices.

Key participants include Microsoft Corporation, IBM, Cisco, Amazon Web Services, Oracle, Dell Technologies, Hitachi, Salesforce.Com, PTC, Mnubo, and Google, among others.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1951 

Further key findings from the report suggest

  • Software component held a market share of 58.9% in the year 2018. Companies are using IoT analytics software tools to track the performance of devices/machinery, provide predictive maintenance recommendations, and have a better understanding of the unique data related to their devices such as motion, temperature, and sound.
  • Predictive analytics is forecasted to hold 50.6% of the market share in 2026. The IoT analytics model capture relationships among several factors to assess the risk associated with a set of conditions.
  • Large enterprises held a larger market share of 63.2% in the year 2018. Large enterprises have several operating units, and IoT analytics helps these enterprises to integrate historical and real-time data.
  • The deployment of IoT platform on cloud offers flexibility, high intensity, and sharing Cloud is forecasted to hold a market share of 60.4% in the year 2026. The amount of data generated from the implementation of IoT is massive, and it demands sophisticated internet infrastructure to store and analyze data due to which cloud-based sector is gaining traction.
  • IoT analytics is gaining significant traction in the retail sector with the boom in e-commerce and an increase in the number of supermarket and hypermarkets. Increase in disposable income and change in the standard of living are also propelling market growth.
  • North America held the largest market share of 33.5% in the year 2018. The region has the most established and promising sectors such as retail, manufacturing, healthcare, and e-commerce, among others. Growth of these industries and increasing application of the internet in these sectors are driving the market for IoT analytics.
  • Cisco in June 2019, announced its software innovation for the security of networks and simplified management. The company also introduced machine learning and artificial intelligence capabilities to aid its IT team to function efficiently.


To identify the key trends in the industry, click on the link below:
https://www.reportsanddata.com/report-detail/iot-analytics-market

For 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; 2018-2028)

  • Software
  • Services


Analytics Time Outlook (Revenue: USD Billion; 2018-2028)

  • Predictive Analytics
  • Prescriptive Analytics
  • Descriptive Analytics


Organization Size Outlook (Revenue: USD Billion; 2018-2028)

  • Small and Medium enterprises
  • Large Enterprises


Deployment Mode Outlook (Revenue: USD Billion; 2018-2028)

  • On-Premises
  • Cloud


End Users Outlook (Revenue: USD Billion; 2018-2028)

  • Retail
  • Manufacturing
  • Healthcare
  • Government and Defense
  • Energy and Utilities
  • Transportation & Logistics
  • Telecommunications & IT
  • Others


Regional Outlook (Revenue: USD Billion; 2018-2028)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America


Request a customization of the report @
https://www.reportsanddata.com/request-customization-form/1951


Table of Content:

  1. Market Overview
  2. Competition Analysis by Players
  3. Company (Top Players) Profiles
  4. Global IoT Analytics market Size by Type and Application
  5. Global IoT Analytics market Status and Outlook
  6. Global IoT Analytics market Status and Outlook
  7. Market Development Status and Outlook
  8. Market Status and Outlook
  9. Market Analysis 2020, Industry Revenue 2020
  10. Market Projections, Market Status and Outlook
  11. Market Forecast by Region, Type, and Application
  12. Market Dynamics
  13. Market Effect Factor Analysis
  14. Research Finding/ Conclusion
  15. Appendix.

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/report-detail/iot-analytics-market


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