Global Analytics Of Things Market Overview
Introduction:
Analytics of things is the term used to describe the analysis of the data generated by the internet of things devices. In simple words, analytics of the internet of things is the analytics of things. It is the application of data analysis tools and procedures to realize value from the huge volumes of data generated by connected internet of things devices. The potential of IoT analytics is often discussed in relation to the industrial IoT. Analysis is the process of discovering, interpreting, and communicating significant patterns in data. Quite simply, analytics helps us see insights and meaningful data that we might not detect. It helps businesses to optimize their performances. Implementing it into the business model helps companies in reducing cost by identifying more effective ways of running business. Analytics is used to optimize business performances by diagnosing drivers and predicting outcomes. Although some analytics strategy is in place, a culture of data-driven decision making is not well-developed across the organization. The Analytics of Things Market accounted for US$ 335.69 billion in 2020 and is estimated to be US$ 2013.02 billion by 2030 and is anticipated to register a CAGR of 19.8%.
Global Analytics Of Things Market Dynamics
Rising demand of analytics in organizations
The increasing number of connected devices, improved cyber security, technological advancement in the AOT systems and rising need for data analytics are likely drive the growth of the market. Cost efficiency, scalability, and real-time viewing have all driven the global analytics of things market. The main reason for the growth of the target market is the improved cyber security, discretionary money, and increased innovation in analytics technology.
However, lack of skilled workforce and traditional methods of analysis is the major root cause factors hampering the growth of the target market.
Global Analytics Of Things Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global analytics of things market is segmented based on type, component, vertical, application, and region.
On the basis of type, the global analytics of things market is segmented into descriptive analytics, predictive analytics, and prescriptive analytics. Based on component, the target market is segmented into software and services. On the basis of vertical, the target market is segmented into telecommunications & IT, manufacturing, transportation & logistics, healthcare & life sciences, energy & utilities. Based on the application, the target market is segmented into Sales & Customer Management, Predictive Maintenance & Asset Management, Energy Management, Inventory Management, Security & Emergency Management, Building Automation, IT Infrastructure Management, Remote Monitoring.
Regional Insights:
The global analytics of things market accounted for US$ 335.69 billion in 2020 and is estimated to be US$ 2013.02 billion by 2030 and is anticipated to register a CAGR of 19.8%. On region the global analytics of things market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to fastest-growing market during the research period, given the huge growth in IoT data and the rising demand for advanced analytics. North America is holding the second position in the global analytics of things market owing to presence of prominent players and innovation in technology are driving the growth in this region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics By Component– Software and Service By Vertical: Telecommunications & IT, Manufacturing, Transportation & Logistics, Healthcare & Life Sciences, and Energy & Utilities By Application– Sales & Customer Management, Predictive Maintenance & Asset Management, Energy Management, Inventory Management, Security & Emergency Management, Building Automation, IT Infrastructure Management, and Remote Monitoring |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global analytics of things market report based on type, component, vertical, application, and region.
Global Analytics of Things Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Analytics Of Things Market Key Players
The key players operating in the global analytics of things market includes Hewlett Packard Enterprise Company, Cisco Systems, Inc., Dell Technologies, Inc., Google, Inc., Amazon Web Services, com, Inc., Teradata Corporation, IBM Corporation, Microsoft Corporation, Oracle Corporation
IBM Corporation:
The Internet of Things (IoT) is the billions of physical devices around the world that are now connected to the internet, all collecting and sharing data. By combining IoT data with IBM Cloud technologies, business can extract valuable insights to improve virtually every aspect of their operations and enable innovative, new business models.
Global Analytics Of Things Market Company Profile
- Hewlett Packard Enterprise Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco Systems, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dell Technologies, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Google, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amazon Web Services
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- com, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Teradata Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Analytics Of Things Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Analytics of Things Strategies
- Key Questions this Study will Answer
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Global analytics of things market by type:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Global analytics of things market by component:
- Software
- Services
Global analytics of things market by vertical:
- Telecommunications & IT
- Manufacturing
- Transportation & Logistics
- Healthcare & Life Sciences
- Energy & Utilities
Global analytics of things market by application:
- Sales & Customer Management
- Predictive Maintenance & Asset Management
- Energy Management
- Inventory Management
- Security & Emergency Management
- Building Automation
- IT Infrastructure Management
- Remote Monitoring
Global analytics of things market by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Analytics of Things Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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- Hewlett Packard Enterprise Company
- Cisco Systems, Inc.
- Dell Technologies, Inc.
- Google, Inc.
- Amazon Web Services
- com, Inc.
- Teradata Corporation
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Analytics of Things market is segmented into basis of type, component, vertical, application, and region.
The use of analytics of things is accelerating as the demand for improved technologies and cost-effectiveness grows.
By region, North America is expected to grow at highest CAGR over the forecast period.
The Key players operating in the global Analytics of Things market include Hewlett Packard Enterprise Company, Cisco Systems, Inc., Dell Technologies, Inc., Google, Inc., Amazon Web Services com, Inc., Teradata Corporation, IBM Corporation, Microsoft Corporation and Oracle Corporation.