Analytics of Things Market Size Will Hit Big Revenues In Future | Microsoft Corporation, Google Inc.

The Global Analytics of Things (AoT) Market was valued at approximately USD $ billion in 2021 and is expected to grow at a healthy rate of more than $ during the forecast period of 2022-2029. AoT involves extracting meaningful insights from the massive amounts of data generated by Internet of Things (IoT) devices, enabling organizations to make better decisions and enhance their overall business operations.

AoT can encompass various types of analytics, including diagnostic, descriptive, predictive, prescriptive, and automated analytics. It represents a new frontier in the field of analytics but faces challenges such as data collection during implementation and limited data extraction from large databases for decision-making purposes. The market is primarily driven by the increasing industrial automation and the growing trend of data-driven business decisions.

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The global industrial automation market, valued at USD 175 billion in 2020, is expected to grow at a CAGR of around nine percent until 2025, reaching USD 265 billion. This rise in industrial automation contributes to the growth of the Analytics of Things market. Additionally, the increasing adoption of industrial IoT devices and the emergence of Industry 4.0 present lucrative growth opportunities for the AoT market. However, concerns regarding data privacy pose a hindrance to market growth throughout the forecast period.

The key regions considered in the Global Analytics of Things (AoT) Market study are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America currently dominates the market in terms of revenue due to the presence of leading market players and the widespread adoption of automation across various industries in the region. However, Asia Pacific is expected to exhibit the highest CAGR during the forecast period, driven by factors such as the increasing presence of leading market players and growing digitalization across manufacturing, logistics, and transportation sectors in the region.

The major players in the Analytics of Things market include Microsoft Corporation, Google Inc., SAP SE, Intel Corporation, IBM Corporation, Cisco Systems, Inc., TIBCO Software Inc., AGT International, Capgemini S.A., and These companies play a significant role in shaping the market landscape and driving innovation.

Recent developments in the market include an announcement by SIG in November 2019 regarding the launch of the first integrated APM (asset performance management) and FSM (field service management) digital solution for the food and beverage industry.

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This solution, developed in partnership with GE Digital, offers on-demand digital services to help manufacturers improve efficiency, productivity, and connectivity in their operations.

The Global Analytics of Things (AoT) Market Report covers historical data for 2019-2021 and provides revenue forecasts, company rankings, competitive landscape analysis, growth factors, and trends. The report segments the market based on type, application, vertical, and region. The regional scope includes North America, Europe, Asia Pacific, Latin America, and the Rest of the World.

The objective of the study is to define the market sizes of different segments and countries in recent years and forecast their values for the coming years. The report incorporates both qualitative and quantitative aspects of the industry, highlighting the driving factors, challenges, potential opportunities in micro markets, competitive landscape analysis, and product offerings of key players. The detailed segments and sub-segments of the market are further explained in the report.

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