Global IoT Analytics Market 2018-2022
- Published: Feb 2018
- Pages: 131
- SKU: IRTNTR20993
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This industry research report presents a comprehensive analysis of the IoT analytics market by component (software and services) and by end-user (manufacturing, retail, healthcare, telecommunication and IT, and others). The IoT analytics market forecast report also presents a detailed analysis based on geographical regions such as the Americas, APAC, and EMEA.
Global IoT analytics market overview
Organizations are extensively using several IoT-based technologies including RFID, IOT sensors, barcodes, and GPS, to monitor and manage their physical assets. RFID enables easy tracking of the RFID-tagged goods and aids in managing and maintaining the inventory. Also, IoT analytics connects every device or asset with other assets in the organization. Technavio’s market study identifies the growing use of analytics in enterprises to be one of the primary factors for the IoT analytics market growth. Enterprises are incorporating IoT analytics in their operations to monitor and control their business operations closely. The enterprises are also focusing on enhancing their security to ensure data confidentiality as the data flows within the network of interconnected assets. Our market analysts estimate that the IoT analytics market size will grow steadily at a CAGR of higher than 33% by 2022.
The implementation of IoT analytics in healthcare is one of the key factors driving the growth of the Internet of Things analytics market. Owing to the presence of skilled healthcare professionals and doctors with the availability of low-cost treatment, the healthcare industry is growing steadily globally. The huge volume of data generated from the worldwide healthcare industry will drive the demand for IoT analytics. This technology reduces the administrative costs and combines the medical data into electronic dashboards. Also, IoT solutions are useful in diagnosing complex diseases, driving the healthcare organizations to apply descriptive and predictive analytics to develop clinical and operational insights.
As per this market report, the IoT analytics market is fragmented owing to the presence of numerous vendors. This market report contains the competitive analysis of the big data analytics market. Also, this report includes detailed information about the key vendors and their wide product portfolio and the competitive strategies. Technavio’s analysts also analyze the key focus areas of the key IOT analytics companies to sustain profitably in the IoT analytics market.
Some of the companies covered in this report are as follows:
- Cisco Systems
- Hewlett Packard Enterprise (HPE)
Segmentation by end-user and analysis of the IoT analytics market
- Telecommunication and IT
The manufacturing industry will be the major end-user of the IoT analytics market throughout the forecast period. Manufacturers are increasingly using location-based sensors to track and manage inventories and to enable remote operations on high-value assets. Also, enterprises in this sector are utilizing IoT technology for digital transformation to enhance their business productivity and attain competitive advantage.
Segmentation by component and analysis of the IoT analytics market
During 2017, IoT software component accounted for major shares. However, our analysts estimate that by the end of forecast period, the IoT services component will dominate the big data analytics market. The growing requirements for security and specific audience data from various industries such as retail, manufacturing, healthcare, and telecommunication, will drive the demand for service-based IoT analytics.
Key questions answered in the report include
- What will the IoT analytics market worth, market size and the growth rate be in 2022?
- What are the key factors driving the global IoT analytics market?
- What are the key IoT analytics market trends impacting the industry growth?
- What are the challenges to the IoT analytics market growth?
- Who are the key vendors in the global IoT analytics market?
- What are the market opportunities and threats faced by the vendors in the global IoT analytics market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global IoT analytics market?
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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