Global IoT Analytics Market 2022-2026

Global IoT Analytics Market 2022-2026

Technavio has been monitoring the IoT analytics market and it is poised to grow by $49.04 bn during 2022-2026, accelerating at a CAGR of 27.48% during the forecast period. Our report on the IoT analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need to improve business efficiency, increase in the number of smart connected devices, and rising use of IoT analytics in enterprises.

The IoT analytics market analysis includes the component and end-user segments and geographic landscape.

Technavio's IoT analytics market is segmented as below:

By Component

• Software
• Services

By End-user

• Manufacturing
• Retail
• Healthcare
• Telecommunication and IT
• Others

By Geographical Landscape

• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the increasing use of IoT analytics in healthcare as one of the prime reasons driving the IoT analytics market growth during the next few years. Also, the emergence of smart cities and increased adoption of wearable technologies will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the IoT analytics market covers the following areas:

• IoT analytics market sizing
• IoT analytics market forecast
• IoT analytics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IoT analytics market vendors that include Accenture Plc, Aeris Communications Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., IoT Analytics GmbH, Micro Focus International Plc, Microsoft Corp, Oracle Corp., PTC Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, and Teradata Corp. Also, the IoT analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.