IoT Analytics Market 2021 Global Insights and Business Scenario – IBM Corporation, SAP SE, Siemens AG, Microsoft Corporation, General Electric Company, Vitria Technology

Market Insights Reports has added new statistical data to its repository titled as, Global IoT Analytics Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The IoT Analytics market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The IoT analytics market has been valued at USD 17.14 billion in 2020 and is expected to grow at a CAGR of 29.8% during the forecast period (2021 - 2026), to reach USD 81.67 billion by 2026.

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Top Key Players in the Global IoT Analytics Market are IBM Corporation, SAP SE, Siemens AG, Microsoft Corporation, General Electric Company, Vitria Technology, Inc., Larsen & Toubro Infotech Limited, Amazon Web Services, Inc., Ac-enture PLC, Cisco Systems, Inc, C3, Inc., Dell Technologies Inc., Google LLC, The Hewlett Packard Enterprise Company, Teradata Corporation, Oracle Corporation, and others. 

Industry News and Update:

- March 2018: IBM launched private IoT analytics cloud platform which encompasses the same features of a public cloud for the data center. This is likely to foster the number of consumers for the company and bring a high influx of revenue.

Key Market Trends:

Healthcare is Expected to Witness Significant Growth

- IoT-based healthcare solutions have the potential to improve the quality and efficiency of treatments. With connected healthcare solutions, leveraging IoT and analytics, it would lead the way for a model that is proactive, digitally-enabled, and patient-centric in turn boosting the market growth over the forecast period.
- For instance, in December 2017 Apollo Hospitals started focusing on connected health to provide improved service in which they aimed at IoT both within the hospital and outside.
- The emergence of Wearable Devices that allows the user to track heart rates, blood pressure and many more coupled with its increased adoption has resulted in the generation of voluminous data that has to be structured and analyzed. This is expected to boost the adoption of the IoT Analytics over the forecast period.

North America is Expected to Hold the Largest Share

- North America held the largest market share, due to the presence of several established vendors of iris recognition in the region, and also due to the earliest adoption of IoT technology in various industries. most of the companies in this region are increasingly adopting IoT to keep a track of the performance of their offerings.
- Regulatory compliance is a huge driver behind the high adoption of IoT technology, in the United States. The introduction of the Energy Act in the United States has accelerated the efforts to monitor sustainable energy consumption. This is expected to fuel the IoT analytics market growth over the forecast period.
- Companies, such as Airwire Technologies are working with IBM to implement its connected car and IoT services platform, to collect insights and act upon vehicle sensor data and the environment around it to establish a relationship with the driver, not just the vehicle. These factors are further expected to drive the adoption of IoT Analytics in the region

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This Global IoT Analytics Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global IoT Analytics market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

We Also Offer Customization on report based on specific client Requirement:

– Free Country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

–  Free 40 analyst hours to cover any other data point

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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