Press release
Internet of Things Analytics Market Valuation Could Reach USD 307.72 Billion by 2034 with a 24.7% CAGR
The global Internet of Things analytics market size was valued at USD 33.91 billion in 2024. It is anticipated to generate an estimated revenue of USD 307.72 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 24.7% over the forecasted timeframe of 2025-2034.
Market Overview
The Internet of Things (IoT) represents a digital ecosystem where various elements such as technologies, human resources, tools, and networks communicate and connect to achieve shared objectives. As more devices are connected to the internet, they create vast amounts of data that provide valuable insights and information from that specific data. IoT analytics involves collecting, processing, and analyzing data that are produced by IoT devices. IoT analytics enables enhanced decision making, improved efficiency, predictive maintenance, better resource allocation, and enhanced customer experiences.
Request For a Sample with An Exclusive Look at the Latest Trends and Upcoming Advancements:
https://www.polarismarketresearch.com/industry-analysis/internet-of-things-analytics-market/request-for-sample
Market Drivers
• Surge in Cloud-based IoT Analytics Platform: Cloud-based IoT analytics platforms provide flexible, economical, and remote accessible solutions for handling and analyzing vast amounts of IoT-produced data. Unlike on-premises systems, cloud-based platforms permit businesses to access and store data efficiently, scaling resources up or down based on demand without notable capital investment. This scalability is propelling the Internet of Things analytics market growth.
• Growth of Smart City Projects: The expansion of smart city projects and interconnected infrastructures is creating substantial growth possibilities for market players by enabling efficient, data-based handling of urban systems. Smart cities rely on IoT and advanced technologies to improve functional productivity and sustainability, thus serving as a critical instrument for processing and inspecting massive aggregate of data produced by interlinked devices and sensors.
Need More Information? Inquire more about this report before purchase:
https://www.polarismarketresearch.com/industry-analysis/internet-of-things-analytics-market/inquire-before-buying
Competitive Landscape
The aggressive landscape of the market is portrayed by the presence of several critical players spanning from established technology firms to emerging start-ups, all striving to seize a notable market share through inventive solutions. Key companies are mentioned below:
• Aeris
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Dell Inc.
• Google (Alphabet Inc.)
• Hewlett Packard Enterprise Development LP
• Microsoft
• OpenText Web
• Oracle
• PTC
• Salesforce, Inc.
• SAP SE
• SAS Institute Inc.
• Software AG
Regional Analysis
North America accounted for the largest Internet of Things analytics market share in 2024, owing to the region's robust technological framework, extensive acquisition of IoT devices, and the presence of major market players.
Asia Pacific is projected to witness the fastest growth due to the rising adoption of IoT technologies covering several industries such as manufacturing, retail, and healthcare.
Browse Full Report:
https://www.polarismarketresearch.com/industry-analysis/internet-of-things-analytics-market
Segmental Outlook
Polaris Market Research has segmented the Internet of Things analytics market report on the basis of component, organization size, deployment, type, application, and end use:
By Component Outlook
• Solutions
• Services
By Organization Size Outlook
• SMEs
• Large Enterprises
By Deployment Outlook
• On-Premises
• Cloud
By Type Outlook
• Descriptive Analytics
• Diagnostic Analytics
• Predictive Analytics
• Prescriptive Analytics
By Application Outlook
• Energy Management
• Predictive Maintenance
• Asset Management
• Inventory Management
• Remote Monitoring
• Others
By End Use Outlook
• Manufacturing
• Energy & Utilities
• Retail & E-commerce
• Healthcare & Life Sciences
• Transportation & Logistics
• IT & Telecom
• Others
Top Trending Reports of Polaris Market Research:
Communication Platform As A Service Market:
https://www.polarismarketresearch.com/industry-analysis/communication-platform-as-a-service-market
Mobile Video Surveillance Market:
https://www.polarismarketresearch.com/industry-analysis/mobile-video-surveillance-market
Modular Data Center Market:
https://www.polarismarketresearch.com/industry-analysis/modular-data-center-market
Milking Robots Market:
https://www.polarismarketresearch.com/industry-analysis/milking-robots-market
Innovation Management Market:
https://www.polarismarketresearch.com/industry-analysis/innovation-management-market
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Internet of Things Analytics Market Valuation Could Reach USD 307.72 Billion by 2034 with a 24.7% CAGR here
News-ID: 3944780 • Views: …
More Releases from Polaris Market Research & Consulting
Sovereign Cloud Market Exhibiting a CAGR of 29.8% is Poised to Reach USD 102.70 …
The sovereign cloud market in terms of revenue was estimated to be worth USD 7.59 billion in 2024. It is poised to reach USD 102.70 billion by 2034, exhibiting a CAGR of 29.8% from 2025 to 2034.
What Is Sovereign Cloud?
A sovereign cloud is a cloud environment that assists the firm in meeting its digital sovereignty requirements. The majority of sovereignty frameworks seek to safeguard distinctive details about persons. However,…
Recommendation Engine Market Growth Prospects Predicted to Reach US$ 118.46 Bill …
The recommendation engine market is expected to gain market growth during the forecast period of 2025 to 2034. Polaris Market Research analyses the market to account for USD 118.46 billion by 2034 and is expected to register a CAGR of 36.4% in the above-mentioned forecast period. The market was valued at USD 5.34 billion in 2024.
Market Definition:
Recommendation engine is a type of data filtering tool that uses machine learning algorithms…
Restaurant Management Software Market on Track to Hit US$ 28.03 Billion and Is E …
The restaurant management software market is expected to gain market growth during the forecast period of 2025 to 2034. Polaris Market Research analyses the market to account for USD 28.03 billion by 2034 and is expected to register a CAGR of 17.3% in the above-mentioned forecast period. The market was valued at USD 5.69 billion in 2024.
Market Definition:
Restaurant management software is a complete collection of applications and tools designed to…
AI for Sales & Marketing Market Projected to Reach USD 735.42 Billion by 2034, E …
The global AI for sales & marketing market will be valued at USD 43.96 billion by 2024. With a CAGR of 32.6% from 2025 to 2034, the market is anticipated to grow from USD 57.96 billion in 2025 to USD 735.42 billion in 2034.
Market Explanation
AI is revolutionizing sales and marketing by automating tasks, providing data-driven insights, and personalizing customer experiences, leading to improved efficiency and effectiveness. AI-powered tools can analyze…
More Releases for IoT
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
IoT Healthcare Market - Revolution in Healthcare with IOT & IoT has the Potentia …
In this report, the Internet of Things (IoT) Healthcare market was valued at USD 28.42 Billion in 2015, and is projected to reach USD 337.41 billion by 2025, growing at a CAGR of 28.2% over the forecast period.
"Internet of Things (IoT) Healthcare Market", published by Xpodence Research, provides extensive insight and analysis of the Internet of Things (IoT) Healthcare market over the next eight years (2015-2025) and acts as a…
Narrowband IoT (NB-IoT) Chipset Market - Product Drawbacks 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview
Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016.
Request Sample Copy of the Report @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2879
Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various…
Narrowband IoT (NB-IoT) Chipset Market Rapidly expanding 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview
Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016.
Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes…
