Sensor Data Analytics Market By Offering (Solution, Service), By Deployment Type (On-premise, Cloud), By Model (Ad-hoc Sensor Analytics, Real-time Sensor Analytics), By Analytics Technique (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Tool Type (Dashboard & Data Visualization, Data Mining & Warehousing, Self-Service Tools, Reporting, Others), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (Manufacturing, Aerospace & Defense, Energy & Utilties, Government & Public Sector, Healthcare, Transportation & Logistics, Retail, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Sensor data analytics is the analyzing of data through wired or wireless sensors. In addition, it is a configurable framework that is built to rapidly collect, process, and analyze all types of sensors and log data. Furthermore, it offers expandable framework, improved processing time, generate useful insights, correlates multiple data formats from multiple sensors, and reduces data management costs.
Rise in demand for wearables and increase in introduction of advanced sensors is driving the growth of sensor data analytics market. Moreover, rise in demand for various visualized real-time sensor data and information are boosting the market size. However, high cost associated with installation and lack of skilled professionals and lack of awareness about sensor data analytics restrict the growth of the market. On the contrary, increased usage of internet of things (IoT) and introduction of improved sensors are expected to offer remunerative opportunities for expansion of the market during the forecast period.
The sensor data analytics market is segmented on the basis of offering, deployment type, model, analytics technique, tool type, enterprise size, industrial vertical and region. On the basis of offering, the market is categorized into solutions, and service. On the basis of deployment model, the market is bifurcated into on-premise and cloud. On the basis of model, the market is divided into ad-hoc sensor, and real time sensor. On the basis of analytical technique, the market is classified into descriptive analytics, predictive analytics and prescriptive analytics. On the basis of tool type, the market is categorized into dashboard & data visualization, data mining & warehousing, self-service tools, reporting and others. On the basis of enterprise size, the market is classified into large enterprise and SMEs. On the basis of industry vertical, it is classified into manufacturing, aerospace & defense, energy & utilities, government & public sector, healthcare, transportation & logistics, retail, others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the sensor data analytics market are Agt International Inc., Cisco Systems Inc., Cloudera, Inc., FogHorn, Google Inc., General Electric, Hewlett Packard Enterprise Company, IBM Corporation, Juniper Networks Inc., and Microsoft Corporation. Qualcomm Incorporated, Schneider Electric SE, Seeq Corporation, SAP SE, Tata Consultancy Services, Talend, and Verizon Communications Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sensor data analytics market analysis from 2021 to 2031 to identify the prevailing sensor data analytics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the sensor data analytics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global sensor data analytics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Model
Ad-hoc Sensor Analytics
Real-time Sensor Analytics
By Analytics Technique
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
By Tool Type
Dashboard Data Visualization
Data Mining Warehousing
Self-Service Tools
Reporting
Others
By Enterprise Size
Large Enterprises
SMEs
By Industry Vertical
Manufacturing
Manufacturing
Food Beverages
Industrial Machinery Heavy Equipment
High-Tech Consumer Electronics
Automotive
Others
Aerospace Defense
Energy Utilties
Government Public Sector
Healthcare
Transportation Logistics
Retail
Others
By Offering
Solution
Solution
Hardware
Software
Service
Service
Professional Service
Managed Service
By Deployment Type
On-premise
Cloud
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Australia
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IBM Corporation
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