The article cited AMA's Global IoT Analytics Market Study explored substantial growth with CAGR of 30.4%. According the report, The Increasing Need for Real-Time Data Across Various Verticals including Connected Logistics, Autonomous Vehicles, and Others
is one of the primary growth factors for the market. Increasing Deployment of Automation in Businesses
is also expected to contribute significantly to the IoT Analytics market. Overall, Manufacturing
applications of IoT Analytics, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM Corporation (United States), Microsoft Corporation (United States), HP (United States), Oracle Corporation (United States), SAP SE (Germany), Cisco SystemsInc. (United States), Dell TechnologiesInc. (United States), Google Inc.(United States), Amazon Web Services (United States), Hewlett Packard Enterprise Company (United States), PTC Inc. (United States), Hitachi Ltd. (Japan), Teradata Corporation (United States) and Nokia Networks (Finland) may see astonishing sales in this Market and certainly improve revenue growth.
The Component Type, such as Software (Sensor data analytics, IoT gateway analytics, Network management), is boosting the IoT Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment Type, such as On-Premises, is boosting the IoT Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Solutions , such as Gateway Analytics, is boosting the IoT Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Organisation Size, such as Small and Medium Enterprises (SMEs), is boosting the IoT Analytics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global IoT Analytics market identified that the demand is rising in many different parts of the world as "Rising Trend of Automation in Industry 4.0 in both Developed and Developing Countries
". Furthermore, some recent industry insights like "In March 2018, IBM launched a private IoT analytics cloud platform which encompasses the same features of the public cloud for the data centre. This is likely to foster the number of consumers for the company and bring a high influx of revenue." is constantly making the industry dynamic. One of the challenges that industry facing is "The Increasing Issues Associated with Processing and Ownership of Data Across Various Industry Verticals"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of IoT Analytics market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of IoT Analytics market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the IoT Analytics market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the IoT Analytics market and other related sub-markets covered in the study.
o Key & emerging players in the IoT Analytics market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall IoT Analytics market size is calculated using market estimation process, the IoT Analytics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global IoT Analytics market size has been validated using both top-down and bottom-up approaches.