IoT Analytics Market SWOT Analysis by Key Player from 2022-2027|Revenue surpass US$ 60 Bn

IoT Analytics Market 2022

IoT network has actually taken almost every vertical by storm. With wireless data rates declining, enhancements in various aspects of the IoT technology inclusive of edge computing, sensors, smart homes, wearables are imperative. The indoor settings could be improved upon through Wi-Fi 6. Lower-power wide-area network connectivity is another choice doing the rounds. IoT market would thus go great guns in the upcoming period.

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Global internet of things (IoT) analytics market is projected to exhibit a staggering 16.2% CAGR during the forecast period 2017 to 2027, according to a report by Persistence Market Research (PMR). PMR's report projects revenue from global IoT analytics market to increase from US$ 19,415.1 Mn in 2017 to surpass US$ 60,000 Mn by 2027-end. This growth is primarily attributed to continuous launching of IoT analytics offerings, coupled with emergence of niche players in the market.

Internet of things (IoT) analytics assists users in combining operative information with data and generation intelligent analytics. Adoption of IoT-based technologies is witnessing a surge owing to its benefits including better efficiency, reduced operation costs, and infrastructure optimization. Rapid growth in IoT-centric business application is fuelling demand for PaaS, aiding implementation of IoT to a large extent.

 Key Players:

The report has profiled some of the Important players prevalent in the global like - IBM Corporation, Microsoft Corporation, Intel Corporation, Cumulocity GmbH, Tableau Software, Cisco System Inc., Oracle Corporation, Aeris Communication, and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the IoT Analytics.                            

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On-Premise Deployment of IoT Analytics to Create an Incremental Opportunity of US$ 27,278.7 Mn between 2017 & 2027 

On-premise deployment of IoT analytics will remain sought-after in the market. This deployment type segment is projected to create an incremental opportunity of US$ 27,278.7 Mn between 2017 and 2027. In addition, SaaS will remain fastest growing deployment type of IoT analytics, expanding at 18.5% through 2027.

Although healthcare will remain largest vertical in the global IoT analytics market, Retail is expected to witness fastest growth in demand for IoT analytics. Healthcare is projected to account for over 70% share of market value by 2027. Transportation & logistics is expected to exhibit second-highest CAGR in the market. In contrast, energy & utilities vertical for IoT analytics will witness a comparatively low CAGR during the forecast period.

Robust Adoption of IoT Analytics by Healthcare Sector to Drive Market Growth in North America 

Number of connected devices is witnessing a surge owing to soaring demand for IoT services in North America. This growth of IoT ecosystem is prompting companies for developing platforms and services will result into better prediction, management and optimization of business operations and processes. This further helps in improving efficiency and profitability, and resolving threats. In addition, there has been a robust adoption of IoT analytics by healthcare sector in North America. IoT adoption, coupled with digitization helps to easily collect data for patient records, population health data, and various other databases. These factors are expected to drive demand for IoT analytics in North America.

Implementation of large number of projects utilizing IoT tools and data sets has led to a surge in demand for IoT analytics tools & technologies by various enterprises in Europe. Adoption of IoT analytics is comparatively higher among large enterprises which have data support systems and adequate capital. Significant investments are being made by leading enterprise companies in IoT analytics tools, implementation, and applications. Such factors are estimated to propel market growth in Europe by 2027-end.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
IoT Analytics Market Manufacturers
IoT Analytics Market Distributors/Traders/Wholesalers
IoT Analytics Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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This release was published on openPR.