Pune, India -- (SBWIRE) -- 11/30/2017 -- Global IOT Analytics Market, by Application Platform (Building Automation, Energy Management, Inventory Management), by Solution (Gateway Analytics, Sensors), by Deployment (On Premises, On Cloud), by Vertical (Government, Healthcare, Financial Services, Retail, Manufacturing) - Forecast 2022
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.
Globally the market for IOT Analytics market is expected to grow at the rate of more than ~25% from 2016 to 2022.
Research and consulting firms
Small and large enterprises
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Segments for IOT Analytics Market:
Global IOT Analytics Market can be segmented as follows:
Segmentation by Application Platform: Building Automation, Energy Management, Inventory Management, Infrastructure Management and Remote Monitoring among others
Segmentation by Solutions: Gateway Analytics and Sensors
Segmentation by Deployment: on Premises, On Cloud
Segmentation by Vertical: Government, Healthcare, Financial Services, Retail, Manufacturing, Energy and utilities, Transportation and Logistics, and others
Regional Analysis of IOT Analytics Market:
North America is dominating the Global IOT Analytics Market with the largest market share in the region due to high market penetration of connected devices and presence of major IT industries and therefore is expected to grow with highest revenue by 2022. IOT Analytics Market in Asia-Pacific market is expected to grow at with a highest CAGR as high adoption of IoT-enabled devices has projected strong growth in countries such as India and China among others in the region.
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Key Players for IOT Analytics Market:
Some of the major players in IOT Analytics Market include 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) and among others.
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