Dublin, Nov. 28, 2017 (GLOBE NEWSWIRE) -- The "IoT Analytics Market by Application (Energy Management, Predictive Maintenance & Asset Management, Inventory Management, Remote Monitoring), Component, Analytics Type, Deployment, Organization Size, & Vertical - Global Forecast to 2022" report has been added to Research and Markets' offering. The IoT Analytics market is expected to grow from USD 7.19 Billion in 2017 to USD 27.78 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 31%. Factors such as the tremendous growth of IoT data and the need for advanced analytics and automation of businesses are driving the global market.
The report provides detailed insights into the global IoT Analytics market, which is segmented by application, component, analytics type, deployment model, organization size, industry vertical, and region. In the component segment, the IoT Analytics software segment is expected to have the larger market share during the forecast period.
The demand for IoT Analytics software is rising as organizations are looking for solutions to generate business-related insights and plan the next steps accordingly based on the insights gathered. Vendors provide software and solutions that assist companies with data collection and data analysis for generating meaningful insights. IoT Analytics software filters the aggregated and enriched data so that it can be analyzed to provide a high throughput from multiple live input data sources. Among applications, the predictive maintenance and asset management application is expected to continue its dominance during the forecast period. Asset management integrated platforms assist users in managing physical assets and tracking equipment performance. The platforms also provide service assurance by enabling real-time alerts and providing automated corrective actions. The cloud deployment model is expected to exhibit a higher adoption compared to the on-premises deployment model. Cloud-based solutions are gaining a firm hold on the market, due to growing demands for improved service and cost-effectiveness, and the increasing needs of organizations to keep track of operational processes for maintaining productivity. The manufacturing industry vertical is expected to have the largest market share and lead the market during the forecast period. IoT Analytics can be exploited by manufacturers to create smarter products; connect and integrate with customers; streamline innovations, planning, and pre-manufacturing processes; and improve post-manufacturing support and services. Large enterprises are expected to dominate the market in terms of market share because they have various operating units, and IoT Analytics helps integrate the real-time and historical data obtained from these units to generate insights from it. However, Small and Medium-sized Enterprises (SMEs) are expected to exhibit a higher CAGR, owing to easy availability and scalability of cloud-based deployments. The descriptive analytics type is expected to grow at the highest CAGR, due to the increasing adoption of digital technologies and the use of descriptive analytics for analyzing past data and gaining insights to improve efficiencies in strategic sourcing. The report covers all the major aspects of the IoT Analytics market and provides an in-depth analysis across the regions of North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. North America, owing to the early adoption of new and emerging technologies and the presence of the major industry players, is expected to continue to dominate the IoT Analytics market throughout the forecast period. The APAC region is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of cost-effective IoT Analytics software and services among SMEs. The challenges faced by the IoT Analytics market are issues with data security and privacy concerns, and heterogeneous data processing, which needs to be enhanced to improve the growth of the market. The global IoT Analytics market is fragmented in nature, as no single vendor dominates the market. Major vendors that offer IoT Analytics software and services include IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), Cisco Systems, Inc., (US), Dell Technologies, Inc. (US), Google, Inc. (US), Amazon Web Services, Inc. (US), HP Enterprise Company (US), PTC, Inc. (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US), and Greenwave Systems, Inc. (US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the overall IoT Analytics market.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the IoT Analytics Market 4.2 IoT Analytics Market: Market Share, By Region 4.3 IoT Analytics Market, By Industry Vertical and Region 4.4 Lifecycle Analysis, By Region, 2017 5 Market Overview and Industry Trends 5.1 Market Overview 5.1.1 Introduction 5.1.2 Market Dynamics 5.1.3 Drivers 5.1.3.1 Tremendous Growth of IoT Data 5.1.3.2 Need for Advanced Analytics and Automation for Businesses 5.1.4 Restraints 5.1.4.1 Ownership and Control of IoT Data 5.1.4.2 Lack of Real-Time Algorithms 5.1.5 Opportunities 5.1.5.1 Emergence of Edge Analytics 5.1.5.2 Technological Development in Paas 5.1.6 Challenges 5.1.6.1 Data Security and Privacy Concerns 5.1.6.2 Heterogeneous Data Processing 5.2 Industry Trends 5.2.1 Aot Ecosystem 5.3 Regulatory Implications 5.3.1 International Electrotechnical Commission (IEC) 5.3.2 ISO/International Electrotechnical Commission Joint Technical Committee 1 5.3.2.1 ISO/IEC JTC 1/Special Working Group 5 5.3.2.2 ISO/IEC JTC 1/SC 31 5.3.2.3 ISO/IEC JTC 1/SC 27 5.3.2.4 ISO/IEC JTC 1/WG 7 Sensor Networks (WGSN) 5.3.3 Institute of Electrical and Electronics Engineers Standards Association 5.3.4 European Committee for Standardization (CEN)/ISO 5.3.5 CEN/European Committee for Electrotechnical Standardization (CENELEC) 5.3.6 European Technical Standards Institute 5.3.7 International Telecommunication Union (ITU-T) 5.3.8 IoT Analytics Market: Use Cases 5.3.8.1 Introduction 5.3.8.2 Use Case 1: Manufacturing 5.3.8.3 Use Case 2: Healthcare 5.3.8.4 Use Case 3: Transportation 5.3.8.5 Use Case 4: Telecom 5.3.8.6 Use Case 5: Government 5.3.8.7 Use Case 6: Utilities 5.3.8.8 Use Case 7: Retail 6 IoT Analytics Market Analysis, By Application 6.1 Introduction 6.2 Energy Management 6.3 Predictive Maintenance and Asset Management 6.4 Inventory Management 6.5 Security and Emergency Management 6.6 Sales and Customer Management 6.7 Building Automation 6.8 IT Infrastructure Management 6.9 Remote Monitoring 6.10 Others 7 IoT Analytics Market Analysis, By Component 7.1 Introduction 7.2 Software 7.2.1 Sensor Data Analytics 7.2.2 IoT Gateway Analytics 7.2.3 Network Management 7.3 Services 7.3.1 Managed Services 7.3.1.1 Professional Services 7.3.2 Support and Maintenance 7.3.3 Consulting 8 IoT Analytics Market Analysis, By Analytics Type 8.1 Introduction 8.2 Predictive Analytics 8.3 Prescriptive Analytics 8.4 Descriptive Analytics 9 IoT Analytics Market Analysis, By Deployment Model 9.1 Introduction 9.2 On-Premises 9.3 Cloud 10 IoT Analytics Market Analysis, By Organization Size 10.1 Introduction 10.2 Small and Medium-Sized Enterprises 10.3 Large Enterprises 11 IoT Analytics Market Analysis, By Industry Vertical 11.1 Introduction 11.2 Manufacturing 11.3 Retail and Ecommerce 11.4 Government and Defense 11.5 Healthcare and Life Sciences 11.6 Energy and Utilities 11.7 Telecommunications and IT 11.8 Transportation and Logistics 11.9 Others 12 IoT Analytics Market Geographic Analysis 13 Competitive Landscape 13.1 Competitive Leadership Mapping Overview 13.1.1 Visionary Leaders 13.1.2 Innovators 13.1.3 Dynamic Differentiators 13.1.4 Emerging Companies 13.2 Competitive Benchmarking 13.2.1 Business Strategy Excellence Adopted By Major Players in the IoT Analytics Market 13.2.2 Strength of Product Portfolio Adopted By Major Players in the Market 14 Company Profiles
- Amazon Web Services, Inc. (US)
- Cisco Systems, Inc., (US)
- Dell Technologies, Inc. (US)
- Google, Inc. (US)
- Greenwave Systems, Inc. (US)
- Hewlett Packard Enterprise Company (US)
- Hitachi, Ltd. (Japan)
- IBM Corporation (US)
- Microsoft Corporation (US)
- Oracle Corporation (US)
- PTC, Inc. (US)
- Salesforce.com, Inc. (US)
- SAP SE (Germany)
- Teradata (US)
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