IOT Analytics Market - Analysis and Forecast | IOT Analytics Industry predicted to grow at approximately USD 18 billion by 2022

Market Highlights:

The global internet of things analytics market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of IOT Analytics will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).

The IOT Analytics Market is driven by the factors such as business intelligence and advanced analytics. The high market penetration of connected devices and sudden outburst of data from IoT- enabled devices among others. The internet of things analytics are widely used in various sectors including manufacturing, healthcare, energy and utilities, retails and others. Some predominant trends such as the increasing number of IoT- enabled sensor, which releases a large amount of heterogeneous data simultaneously. The IOT Analytics can easily manage and handle all kind of machine log data, streaming data, to analyses and filter the fast-moving data. This helps in improving the system processes and helps in decision-making in a more convenient ways.
Growing penetration of connected devices and the sudden outburst of data from IoT- enabled devices have shown a significant growth in the Internet of Things (IoT) analytics market. The IoT analytics tools have a unique role in various industry verticals such as manufacturing, healthcare, energy and utilities, retails and others. The basic factor for the growth of this market is the increasing number of IoT- enabled smart connected devices and sensor, which releases a large amount of heterogeneous data simultaneously. Furthermore, the shifting interests towards cloud deployment, predictive analytics for business, end-to-end automation, and consumer-friendly IoT analytics platform are some other factors driving this market and creating value in the market.

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Major Key Players
IBM corporation (U.S.),
Intel Corporation (U.S.),
SAP SE (Germany),
AGT International (Switzerland),
Accenture PLC (Ireland),
Capgemini (France),
PTC (U.S.),
Mnubo Inc. (Canada),
Cisco Systems (U.S.),
Nokia Networks (Finland)

Globally the market for IOT Analytics market is expected to grow at the rate of more than ~25% from 2016 to 2022.

Industry/ Innovation/ Related News:
March 21, 2017 – AT&T Inc. (US) and IBM Watson (U.S) has offered customers insights into their industrial IoT data via connected services. These solutions provides better prediction in maintaining and optimizing the machines. These analytics helps in detecting different kind of anomalies in very few seconds.
Apr 03, 2017 – Cisco and SAS has release Edge-to-Enterprise IoT Analytics Platform. This platform helps the organizations to apply analytics to the network based on their requirements. The Edge-to-Enterprise IoT Analytics is converting edge data collected via internet of things analytics.
Jan. 18, 2016 - Intel Corporation has revealed technological innovations which is driving internet of things analytics. It enables future retail systems with analytics and helps in understanding and connecting with customers. The company has invested in technology that uses data analytics and software to make smarter decisions.

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Regional Analysis
IOT Analytics Global Market is expected to be dominated by North America with the largest market share due to developed automotive industry and also due to presence of major IT industries in the region, and therefore accounting for a huge economy by 2022. IOT Analytics Market in Asia-Pacific market is expected to grow at a considerable rate of CAGR. And this growth is driven by high adoption of IoT-enabled devices, economic development in China, Japan, and India, growing infrastructure developments, and increasing foreign investment in the region. Furthermore, the emergence of China as the major manufacturing hub is increasing the scope of IOT Analytics solutions in the region.

Target Audience:
• OEMs
• System integrators
• Entertainment industry
• Education industry
• Research and consulting firms
• Small and large enterprises
• Government agencies

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This release was published on openPR.