IoT Analytics Market 2024-2028
The iot analytics market is forecasted to grow by USD 153664.2 mn during 2023-2028, accelerating at a CAGR of 46.4% during the forecast period. The 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 regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to improve business efficiency, increase in number of smart connected devices, and rising use of iot analytics in enterprises.
Technavio's iot analytics market is segmented as below:
By Component
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, emergence of smart cities and increased adoption of wearable technologies will lead to sizable demand in the market.
The report on the iot analytics market covers the following areas:
- IoT Analytics Market sizing
- IoT Analytics Market forecast
- IoT Analytics Market industry analysis
The 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 Technologies Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., IoT Analytics GmbH, Microsoft Corp., Open Text Corporation, 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.
The publisher 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 primary and secondary research. The 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.