Market Overview:
The Analytics of Things market has witnessed significant growth in recent years, driven by the increasing adoption of IoT devices across various industries. According to research reports, the market is projected to reach a value of $120.4 billion by 2030, with a CAGR of 33.40% during the forecast period. The demand for AoT solutions is fueled by the need for real-time data analysis, predictive maintenance, and operational efficiency across industries such as manufacturing, healthcare, transportation, and energy.
Key Companies:
Several key players dominate the Analytics of Things market, offering a wide range of solutions and services. These companies include:
- IBM Corporation: IBM offers a comprehensive suite of AoT solutions, incorporating advanced analytics, machine learning, and AI capabilities. Their offerings help organizations unlock the value of IoT-generated data and make data-driven decisions.
- Microsoft Corporation: Microsoft's Azure IoT Suite enables enterprises to connect, monitor, and analyze IoT data, leveraging their Azure cloud platform. Their analytics services empower businesses to gain insights from their IoT devices, optimizing operations and delivering enhanced customer experiences.
- SAP SE: SAP's IoT and Analytics solutions enable organizations to leverage real-time data from connected devices for predictive maintenance, supply chain optimization, and asset performance management. Their integrated platform helps businesses transform their operations and drive innovation.
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Market Segmentation:
The Analytics of Things market can be segmented based on various factors, including:
- Component: This segment includes hardware (sensors, gateways), software (analytics platforms, data management), and services (consulting, support, maintenance).
- Application: The market can be divided into various application areas such as predictive maintenance, supply chain management, asset tracking, energy management, and remote monitoring.
- Industry Vertical: The AoT solutions cater to diverse industries such as manufacturing, healthcare, transportation, retail, energy, and utilities.
Regional Insights:
The Analytics of Things market exhibits a global presence, with key regions contributing to its growth. North America holds a significant market share, driven by technological advancements, the presence of major players, and early adoption of IoT technologies. Europe follows closely, with increasing investments in IoT infrastructure and government initiatives promoting digital transformation. The Asia-Pacific region is expected to witness substantial growth, propelled by the rapid expansion of IoT networks and the adoption of smart city initiatives.
Industry Latest News:
The Analytics of Things market is dynamic, with constant advancements and innovations. Here are some of the latest news and developments in the industry:
- Partnership between Intel and Google Cloud: Intel and Google Cloud recently announced a collaboration to bring advanced analytics and AI capabilities to edge devices. This partnership aims to enable real-time data processing and insights at the edge, enhancing the efficiency of IoT deployments.
- Advancements in Edge Analytics: Edge analytics, a key component of AoT, is witnessing significant advancements. Companies are developing edge devices with built-in analytics capabilities, allowing real-time data processing and reducing the need for cloud-based analytics.
- Integration of AI and Machine Learning: The integration of AI and machine learning algorithms into AoT solutions is gaining traction. These technologies enhance the ability to detect patterns, anomalies, and predictive insights from IoT-generated data, enabling more accurate decision-making.
Conclusion:
The Analytics of Things market holds immense potential to transform industries by leveraging the power of IoT and advanced analytics. As organizations strive to make data-driven decisions, the adoption of AoT solutions becomes increasingly crucial. With key players offering innovative solutions and continuous advancements in the industry, the Analytics of Things market is poised for remarkable growth. Businesses that embrace this paradigm shift will gain a competitive edge by unlocking the hidden value in their IoT data and driving operational efficiency.
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February 11, 2019: In 2018, the global Analytics of Things market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019-2025.This report focuses on the global Analytics of Things status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Analytics of Things development in United States, Europe and China.The key players covered in this studyCisco Systems (U.S.)Microsoft Corporation (U.S.)SAP SE (Germany)Intel Corporation (U.S.)Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-analytics-of-things-market-size-status-and-forecast-2019-2025/request-sample IBM Corporation (U.S.)Capgemini (France)TIBCO Software (U.S.)AGT International (Germany)Google, Inc. (U.S.)Market segment by Type, the product can be split intoSoftwareServiceView summary of this report @ https://www.radiantinsights.com/research/global-analytics-of-things-market-size-status-and-forecast-2019-2025 Market segment by Application, split intoEnergy ManagementSecurity and Emergency ManagementBuilding AutomationInfrastructure ManagementOther ApplicationMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Analytics of Things status, future forecast, growth opportunity, key market and key players.To present the Analytics of Things development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Analytics of Things are as follows:History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.
We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
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The Analytics of Things (AoT) market is rapidly growing owing to the tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation for businesses.
The global AoT market size is estimated to be USD 7.19 Billion in 2017 and is projected to reach USD 27.78 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 31.0%.Request For Special Pricing@ https://www.marketsandmarkets.com/RequestCOVID19.asp?id=52329619The AoT ecosystem comprises vendors including IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany), Cisco Systems, Inc. (US), Dell Technologies, Inc. (US), Google, Inc., (US), Amazon Web Services, Inc. (US), Hewlett Packard Enterprise Company (US), PTC, Inc. (US), Hitachi, Ltd. (Japan), Teradata Corporation (US), Salesforce.com, Inc. (US),and Greenwave Systems, Inc. (US).
Partnerships, collaborations, new product launches, and acquisitions are some of the significant strategies adopted by the players in the recent years.
Players such as SAP SE, IBM Corporation, and Microsoft Corporation have adopted these strategies to expand their product portfolios.IBM Corporation has undertaken collaborations and partnerships as its major development strategy to create a leading market edge.
As a part of its inorganic growth strategy, in June 2016, IBM collaborated with Cisco to provide instant IoT insights at the edge of the network.
The collaboration helped combine IBM’s Watson IoT and Business Analytics (BA) technologies with Cisco’s edge analytics capabilities to offer a new way to produce immediate, actionable insights after the data is collected.
Internet of Things became the most promising technology of our time. Do you want a proof of this? Just search for Internet of Things in Google and you will have a whopping 280,000,000 results. With a vast network of devices ruling our life, the connected environment proposed and established by Internet of Things has become the key aspect to determine the future of technology as a whole. Naturally, to predict the future of IOT is bound to be challenging with so many promises on hold.
Here we have picked up 10 most credible predictions about the future of Internet of Things.
Market HighlightsThe study reveals that Analytics of Things is trending in North America region.
Analytics of Things comprises data collection and analytics.
There are different categories of Analytics of Things, such as understanding patterns and the analysis for variation, detection of anomalies, predictive asset maintenance, and optimization by analysis process, prescription and situational awareness.
With the helps analytics of things, it is easy to analyze the huge data that the IoT devices are generating.The study indicates that Analytics of Things can help the enterprises in ensuring the devices connected to internet that is more efficient and smart.
However, the AoT are further integrated with information generated by IoT devices to monitor and compare.
Analytics of Things can be used in predictive analytics in various sectors including traffic, medical and manufacturing.The Analytics of Things Market is growing rapidly over 30.0% of CAGR and is expected to reach at USD $~29.53` billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
