Analytics of Things Market by 2023 | Top Key players Microsoft, Cisco, SAP, Intel, IBM, Google, AGT International, Accenture, Capgemini, and TIBCO Software.

The Analytic of Things (IoT) Market has become highly relevant to a few industries such as manufacturing, logistics, and utilities. Analytics is being applied to power grid systems for continuous monitoring, proactive management of power supply, and preventive maintenance. Most of the manufacturing plants and fleets in logistics already have Internet-enabled sensors, and thus these businesses utilize analytics. Most of the new business processes and systems are likely to incorporate at least some elements of IoT analytics. Large enterprises who have prioritized low-cost solutions are likely to deploy AoT solutions on the cloud.

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IoT analytics platform could enable a wide range of analytics, from real-time to machine learning and cognitive to the edge. Automated machine learning can be added to quick and simple real-time monitoring for identification of anomalous behavior. Predictive analytics uses advanced statistical modeling and historical data. For contextual insights, cognitive analytics can be applied to unstructured data sources. These insights would consist of detailed graphs and visualization dashboards. The platform is purposely built to scale the high velocity and large volumes of data. With the advancements in processing and analytics, analytics can be performed at the edge of the network to overcome the challenges of connectivity, security, bandwidth, and latency.

The report has analyzed several players in the market, some of which include:

• Microsoft,
• Cisco,
• SAP,
• Intel,
• IBM,
• Google,
• AGT International,
• Accenture,
• Capgemini,
• TIBCO Software.

The value of IoT Analytics lies in real-time business analytics. In IoT, real-time analysis is difficult with several million events often streaming into the system. Lack of real-time advanced algorithms poses a challenge in real-time analytics. However, the challenges are being addressed as several IoT vendors are investing in improving the efficiency of the IoT systems. Descriptive analytics has already become mature, and the vendors are now focusing on predictive and prescriptive analytics. Both the types are likely to attract consumers’ attention due to high operational efficiencies and cost reductions that they yield.

Almost the entire AoT market is ruled by the IT conglomerates. Intel, Cisco, IBM, Microsoft, Google, and HP are few of the major players in the AoT market. The vendors are proactively investing in the development of IoT technologies. For instance, Microsoft has invested on processing features of Microsoft Streaming Analytics to enable better extraction of information from sensors in real-time. IBM has invested in enterprise application infrastructure and databases for connected devices. With respect to such investments, there has been a rise in the demand for data scientists and courses for the same. The Federal and Central governments of several countries are incentivizing the development of the AoT ecosystem and are promoting the use of IoT and related technologies.

IoT and analytics are gaining popularity across all the regions. North America leads the AoT market in terms of market share due to the rising adoption of IoT solutions, a well-developed ecosystem, and the presence of major IoT players in the market. The market is yet to tap the entire potential as few organizations are still unsure about the technology. European organizations and governments are investing in innovations and ecosystem development. The Asia Pacific is a rapidly developing region, and the economies are likely to invest in AoT as a move towards digitization.

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IoT analytics platform enables an organization to transform its business operations and boost its revenues. AoT warns organizations of any potential problems associated with the equipment. Strengths and weaknesses of various processes can be analyzed by turning tools and systems into smart devices. Fuel and energy consumption in the processes can be tracked and the expenses can be minimized. Data gathered with respect to preferences and purchasing habits of customers can be used in developing a personalized shopping experience. The product quality can be assessed with the help of IoT Analytics.

Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with key players
Chapter 4 Global Analytic of Things Market Analysis, Trends, Growth Factor
Chapter 5 Analytic of Things Market Application and Business with Potential Analysis
Chapter 6 Global Analytic of Things Market Segment, Type, Manufacturers
Chapter 7 Global Analytic of Things Market Analysis (by Application)
Chapter 8 Major Key Vendors Analysis of Analytic of Things Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion

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