IoT Analytics Market Expected to Witness a Significant Growth of USD 34.1 Billion Globally by 2022, at CAGR of 29.8% | Top Key Players – IBM, SAP SE, Siemens AG, Microsoft, GE, Vitria Technology, AWS, Accenture, Cisco

Marketprognosis.com Publish a New Market Research Report On “Global IoT Analytics Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global IoT Analytics Market:

The Global IoT Analytics Market has been valued at USD 7.16 Billion in 2017 and is expected to grow at a CAGR of 29.8% during the forecast period (2018 - 2023), to reach USD 34.1 Billion by 2023.

The scope of the report is limited to type including solution and service, deployment including on-premise and cloud, and end-user vertical such as BFSI, healthcare, IT and telecommunication, retail, utilities, government, and others. The regions considered in the scope of the report include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Internet of things (IoT) is one of the paradigms altering the evolution in internet-based computing which is having a positive impact on the market including healthcare, manufacturing, smart cities, and sustainable living. IoT analytics refers to the analysis of diverse set of data from several sources such as actuators, sensors, and smart devices. The rapid increase of the connected devices across the globe is expected to ascend the utilization of IoT data analytics. Furthermore, with every device digitally connected, the amount of amount of data generated is rapidly increasing. This is making a requirement for analysis of generated data to understand a user’s pattern or behavior which will help in enhancing the user experience. The businesses leveraging internet of things (IoT) are focusing on their competencies owing to which the organizations are rapidly adopting and integrating analytics to understand and develop long-term customer relationships.

With the increasing number of connected devices, internet of things, artificial intelligence, and blockchain technology, the volume of big data generated is on a rapid growth. The companies are focusing more on their core business competencies requiring understanding of user’s behavior which is likely to boost the utilization of IoT analytics, thereby propelling the market growth over the forecast period. Moreover, the concept of smart devices are emerging among consumer, the generation of data is ascending which is, in turn, expected to fuel the market growth.

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The increasing penetration and utilization of artificial intelligence in various industries such as BFSI which will ascend the demand for IoT analytics. In addition, the blockchain concept has been taking over few sectors and integrated with diverse applications in Asia Pacific region, primarily in banking is projected to have a positive impact on the market growth in the region.

Major Key Players:

1 IBM Corporation

2 SAP SE

3 Siemens AG

4 Microsoft Corporation

5 General Electric Company

6 Vitria Technology, Inc.

7 Larsen & Toubro Infotech Limited

8 Amazon Web Services, Inc.

9 Accenture plc

10 Cisco Systems, Inc and More………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of IoT Analytics Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global IoT Analytics Market Segmentation

6 Competitive Intelligence - Company Profiles

7 Investment Analysis

8 Opportunities in Global IoT Analytics Market

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