Connected Device Analytics Market By Component (Solution, Service), By Enterprise Size (Large Enterprise, SMEs), By Deployment Model (On-Premise, Cloud), By Application (Sales and Customer Management, Security and Emergency Management, Remote Monitoring, Predective Maintaince and Asset Management, Inventory Management, Energy Management, Building Automation, Others), By Industry Vertical (Manufacturing, Transport and logistics, Energy and Utilities, Retail and eCommerce, BFSI, Health and life science, Government and defense, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The connected device analytics helps to allow the companies to create platforms and services which enable them to proficiently manage and examine real-time information streams from diverse data sources. This facilitates companies to manage, better optimize and envisage business processes and operations as well as also improves the profitability and effectiveness and neutralizes threats.
Increase in focus on remote monitoring in support of work from home initiatives and increase in penetration of the internet and IoT devices is boosting the growth of the global connected device analytics market. In addition, increase in use of digital transformation technology is positively impacting growth of the connected device analytics market. However, lack of skilled workforce and increase in security concerns is hampering the connected device analytics market growth. On the contrary, increase in real-time analytics emerging as a key vital IoT initiative is expected to offer remunerative opportunities for expansion of the connected device analytics market during the forecast period.
The connected device analytics market is segmented on the basis of by component, deployment mode, enterprise size, application, industry vertical, and region. On the basis of component, the market is categorized into solution and service. On the basis of deployment mode, the market is fragmented into cloud and on-premise. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By application, it is segmented into security and emergency management, sales and customer management, remote monitoring, predictive maintaince and asset management, inventory management, energy management, building automation and others. By industry vertical, it is classified into manufacturing, transport and logistics, energy and utilities, retail and eCommerce, BFSI, health and life science, government and defense, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the connected device analytics market are Adobe, Cisco Systems Inc., Amazon Web Services Inc., Hitachi Ltd., Google LLC, Teradata Corporation, IBM Corporation, SAP SE, Oracle Corporation, and Microsoft Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERSThe study provides an in-depth analysis of the global connected device analytics market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global connected device analytics market trend is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
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Key Market SegmentsBy ComponentSolution
Service
By Enterprise SizeLarge Enterprise
SMEs
By Deployment ModelOn-Premise
Cloud
By ApplicationSales and Customer Management
Security and Emergency Management
Remote Monitoring
Predective Maintaince and Asset Management
Inventory Management
Energy Management
Building Automation
Others
By Industry VerticalManufacturing
Transport and logistics
Energy and Utilities
Retail and eCommerce
BFSI
Health and life science
Government and defense
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
SAP SE
Amazon Web Services Inc.
Google LLC
Hitachi Ltd.
Teradata Corporation
Microsoft Corporation
IBM Corporation
Cisco Systems Inc.
Oracle Corporation
Adobe
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