North America Embedded Analytics in IOT Devices Market Size, Share & Trends Analysis Report By Organization Size, By Component, By Deployment Type, By Application, By Vertical, By Country and Growth Forecast, 2024 - 2031
Description
North America Embedded Analytics in IOT Devices Market Size, Share & Trends Analysis Report By Organization Size, By Component, By Deployment Type, By Application, By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Embedded Analytics in IOT Devices Market would witness market growth of 34.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Embedded Analytics in IOT Devices Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,512.4 million by 2031. The Canada market is experiencing a CAGR of 37.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 36.1% during (2024 - 2031).
Adopting IoT devices equipped with embedded analytics is revolutionizing traditional farming practices in agriculture. Farmers can use IoT sensors to monitor soil moisture levels, weather conditions, and crop health. Embedded analytics enable these sensors to process data locally, providing farmers with actionable insights to inform irrigation practices, pest management, and overall crop management strategies.
Moreover, this precision agriculture approach maximizes yield and promotes sustainable farming practices by optimizing resource use. As the population grows, harnessing embedded analytics within IoT devices will be crucial in addressing food security challenges and ensuring efficient agricultural practices.
The growing demand for electronics and automobiles is also driving an increase in the need for embedded analytics, which is causing the manufacturing sector in Mexico to experience a boom in demand. In the first quarter of 2024, the manufacturing sector contributed an impressive $6.26 trillion MXN to the country's GDP, underscoring the critical role of manufacturing in Mexico's economic framework. To enhance productivity and retain a competitive advantage, manufacturers in Mexico are increasingly adopting sophisticated embedded analytics solutions within their IoT devices. During this transformation, the Mexican government has been instrumental in enabling it by encouraging investments in sophisticated manufacturing technology. These technologies are designed to streamline production processes and boost overall efficiency.
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Component, the market is segmented into Software, Hardware, and Services. Based on Deployment Type, the market is segmented into Cloud, On-Premises, and Hybrid. Based on Application, the market is segmented into Predictive Maintenance, Asset Management, Operational Efficiency, Customer Experience, Security & Monitoring, and Other Application. Based on Vertical, the market is segmented into Manufacturing, Healthcare, Transportation & Logistics, Energy & Utilities, Retail, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- IBM Corporation
- Microsoft Corporation
- SAP SE
- Oracle Corporation
- Cisco Systems, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- PTC Inc.
- Siemens AG
- Honeywell International, Inc.
- Fujitsu Limited
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
- Cloud
- On-Premises
- Hybrid
- Geospatial Mapping
- Disaster Management
- Predictive Maintenance
- Asset Management
- Operational Efficiency
- Customer Experience
- Security & Monitoring
- Other Application
- Manufacturing
- Healthcare
- Transportation & Logistics
- Energy & Utilities
- Retail
- Other Vertical
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
169 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Embedded Analytics in IOT Devices Market, by Organization Size
- 1.4.2 North America Embedded Analytics in IOT Devices Market, by Component
- 1.4.3 North America Embedded Analytics in IOT Devices Market, by Deployment Type
- 1.4.4 North America Embedded Analytics in IOT Devices Market, by Application
- 1.4.5 North America Embedded Analytics in IOT Devices Market, by Vertical
- 1.4.6 North America Embedded Analytics in IOT Devices Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, May – 2024, Jul) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Embedded Analytics in IOT Devices Market by Organization Size
- 5.1 North America Large Enterprises Market by Region
- 5.2 North America Small & Medium Enterprises (SMEs) Market by Region
- Chapter 6. North America Embedded Analytics in IOT Devices Market by Component
- 6.1 North America Software Market by Country
- 6.2 North America Hardware Market by Country
- 6.3 North America Services Market by Country
- Chapter 7. North America Embedded Analytics in IOT Devices Market by Deployment Type
- 7.1 North America Cloud Market by Country
- 7.2 North America On-Premises Market by Country
- 7.3 North America Hybrid Market by Country
- Chapter 8. North America Embedded Analytics in IOT Devices Market by Application
- 8.1 North America Predictive Maintenance Market by Country
- 8.2 North America Asset Management Market by Country
- 8.3 North America Operational Efficiency Market by Country
- 8.4 North America Customer Experience Market by Country
- 8.5 North America Security & Monitoring Market by Country
- 8.6 North America Other Application Market by Country
- Chapter 9. North America Embedded Analytics in IOT Devices Market by Vertical
- 9.1 North America Manufacturing Market by Country
- 9.2 North America Healthcare Market by Country
- 9.3 North America Transportation & Logistics Market by Country
- 9.4 North America Energy & Utilities Market by Country
- 9.5 North America Retail Market by Country
- 9.6 North America Other Vertical Market by Country
- Chapter 10. North America Embedded Analytics in IOT Devices Market by Country
- 10.1 US Embedded Analytics in IOT Devices Market
- 10.1.1 US Embedded Analytics in IOT Devices Market by Organization Size
- 10.1.2 US Embedded Analytics in IOT Devices Market by Component
- 10.1.3 US Embedded Analytics in IOT Devices Market by Deployment Type
- 10.1.4 US Embedded Analytics in IOT Devices Market by Application
- 10.1.5 US Embedded Analytics in IOT Devices Market by Vertical
- 10.2 Canada Embedded Analytics in IOT Devices Market
- 10.2.1 Canada Embedded Analytics in IOT Devices Market by Organization Size
- 10.2.2 Canada Embedded Analytics in IOT Devices Market by Component
- 10.2.3 Canada Embedded Analytics in IOT Devices Market by Deployment Type
- 10.2.4 Canada Embedded Analytics in IOT Devices Market by Application
- 10.2.5 Canada Embedded Analytics in IOT Devices Market by Vertical
- 10.3 Mexico Embedded Analytics in IOT Devices Market
- 10.3.1 Mexico Embedded Analytics in IOT Devices Market by Organization Size
- 10.3.2 Mexico Embedded Analytics in IOT Devices Market by Component
- 10.3.3 Mexico Embedded Analytics in IOT Devices Market by Deployment Type
- 10.3.4 Mexico Embedded Analytics in IOT Devices Market by Application
- 10.3.5 Mexico Embedded Analytics in IOT Devices Market by Vertical
- 10.4 Rest of North America Embedded Analytics in IOT Devices Market
- 10.4.1 Rest of North America Embedded Analytics in IOT Devices Market by Organization Size
- 10.4.2 Rest of North America Embedded Analytics in IOT Devices Market by Component
- 10.4.3 Rest of North America Embedded Analytics in IOT Devices Market by Deployment Type
- 10.4.4 Rest of North America Embedded Analytics in IOT Devices Market by Application
- 10.4.5 Rest of North America Embedded Analytics in IOT Devices Market by Vertical
- Chapter 11. Company Profiles
- 11.1 IBM Corporation
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Regional & Segmental Analysis
- 11.1.4 Research & Development Expenses
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.5.2 Product Launches and Product Expansions:
- 11.1.6 SWOT Analysis
- 11.2 Microsoft Corporation
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Segmental and Regional Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Partnerships, Collaborations, and Agreements:
- 11.2.5.2 Acquisition and Mergers:
- 11.2.6 SWOT Analysis
- 11.3 SAP SE
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Partnerships, Collaborations, and Agreements:
- 11.3.5.2 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
- 11.4 Oracle Corporation
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental and Regional Analysis
- 11.4.4 Research & Development Expense
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Product Launches and Product Expansions:
- 11.4.6 SWOT Analysis
- 11.5 Cisco Systems, Inc.
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Regional Analysis
- 11.5.4 Research & Development Expense
- 11.5.5 Recent strategies and developments:
- 11.5.5.1 Partnerships, Collaborations, and Agreements:
- 11.5.6 SWOT Analysis
- 11.6 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental Analysis
- 11.6.4 Recent strategies and developments:
- 11.6.4.1 Product Launches and Product Expansions:
- 11.6.5 SWOT Analysis
- 11.7 PTC, Inc.
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Regional Analysis
- 11.7.4 Research & Development Expenses
- 11.7.5 Recent strategies and developments:
- 11.7.5.1 Partnerships, Collaborations, and Agreements:
- 11.7.5.2 Product Launches and Product Expansions:
- 11.7.6 SWOT Analysis
- 11.8 Siemens AG
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Segmental and Regional Analysis
- 11.8.4 Research & Development Expense
- 11.8.5 Recent strategies and developments:
- 11.8.5.1 Acquisition and Mergers:
- 11.8.6 SWOT Analysis
- 11.9 Honeywell International, Inc.
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expenses
- 11.9.5 Recent strategies and developments:
- 11.9.5.1 Partnerships, Collaborations, and Agreements:
- 11.9.6 SWOT Analysis
- 11.10. Fujitsu Limited
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
- 11.10.4 Research & Development Expenses
- 11.10.5 Recent strategies and developments:
- 11.10.5.1 Partnerships, Collaborations, and Agreements:
- 11.10.6 SWOT Analysis
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