About Connected Device Analytics
Connected device analytics is the platform where the data is provided about the IoT based or web-connected devices, it includes the information about the device, network, technical errors, its working status, and other custom properties. It helps in managing the security data, asset management, remote monitoring, energy management, predictive maintenance, etc. that helps connected devices in operating properly and find the errors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), Oracle Corporation (United States), IBM (United States), SAP SE (Germany), PTC Inc. (United States), Cisco Systems, Inc. (United States), Google LLC (United States), Adobe Inc. (United States), Teradata Corporation (United States), CUJO AI (United States), Cloudera, Inc. (United States) and Splunk Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Connected Device Analytics market by , Application (Security and Emergency Management, Remote Monitoring, Predictive Maintenance and Asset Management, Inventory Management, Energy Management and Others) and Region.
On the basis of geography, the market of Connected Device Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Service will boost the Connected Device Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Manufacturing will boost the Connected Device Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Connected Device Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Consumption of Connected Device Analytics for the Security and Remote Monitoring
Market Growth Drivers:
The Demand for Collecting the Data form the Connected Device and Need for Managing the Data Storage and Providing Efficiency
Challenges:
Technical Glitches and Networking Issue with Connected Device Analytics
Restraints:
The requirement of Skilled Professionals for managing the Connected Device Analytics
Opportunities:
Increasing Spending of the Various Industries on Connected Device Analytics
Market Leaders and their expansionary development strategies
In June 2020 , Microsoft acquires CyberX to accelerate and secure customers’ IoT deployments. The acquisition further extend commitment to build a trusted, easy-to-use platform for the customers and partners to build connected solutions.
On 2nd Jan 2020, CUJO AI, the global leader in the development and application of artificial intelligence to improve the security, control, and privacy of connected devices, will showcase its breakthrough AI-powered network analytics tool Lens at CES 2020.
Key Target Audience
Connected Device Analytics Providers, Connected Device Analytics Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.