IoT Analytics Market Overview
Global IoT Analytics market is forecast to reach $8.2 Billion by 2025, growing at a CAGR of 23.7% during the forecast period from 2020 to 2025. Rising Growth of IoT data as well as growing adoption from medical sector a reacting as major drivers towards significant market growth of IoT analytics. Moreover, rising automation across industries as well as growing demands towards real time data is also propelling the demands towards IoT analytics market. Technological advancements and growth of connected devices are also driving the market demands for efficient IoT analytics.
IoT Analytics Market Report Coverage
The report: “IoT Analytics Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the IoT Analytics Market.
By Deployment Type: Cloud and On premise
By Type: Descriptive Analytics, Predictive Analytics and Prescriptive Analytics
By Solution: Software and Services
By End Users: IT and Telecom, Healthcare, Retail & Ecommerce, Government & Defense, Manufacturing, Banking and Financial Services and Others
By Application: Predictive maintenance and asset management, IT Infrastructure Management, Energy Management, Safety and Surveillance, Building Automation, Sales and Marketing, Others
By Organization Size: Large Enterprises, Small and medium sized enterprises
By Geography: North America (U.S, Canada and Mexico), South America (Brazil, Argentina and Rest of South America), Europe (U.K, Germany, Italy, Spain, Netherlands,France and Rest of Europe), Asia Pacific (China, Japan, India, South Korea,Australia and Rest of APAC),RoW (Middle East and Africa)
Key Takeaways
- Cloud analytics is expected to have a significant market growth during the forecast period in IoT analytics due to its capabilities of providing efficient data management and high scalability feature.
- Key market players such as Microsoft Corporation and Amazon Web Services have been helping towards significant market growth of IOT analytics in North America.
- Rising volume of IoT data along with high adoption from medical industry are some of the major driving factors towards significant growth of IoT analytics market.
IoT Analytics Market Segment Analysis - By Deployment Type
On the basis of deployment type, IoT analytics has been segmented under cloud and on premise. Cloud analytics is anticipated to have a major growth in the IoT analytics market during the forecast period 2020-2025. Deployment of cloud analytics have been rising rapidly across major industry verticals such as healthcare, Information technology, Banking sector and many others due to its capability of offering high scalability along with an efficient and faster data accessing, thus improving the business productivity. Moreover, cloud deployed analytics acts as a cost efficient solution unlike the on premise models, thus driving its market growth. Since the industries generates massive amounts of data, there is high demands towards a solution capable of ensuring efficient and faster data handling, maintenance as well as management, thus leading to high adoption towards cloud analytics market. The rising growth of cloud based services globally has been also helping in fuelling the market demands towards IoT analytics.
IoT Analytics Market Segment Analysis - By Geography
North America is expected to have a major growth in the global IoT analytics market during the forecast period from 2020 to 2025. Presence of some key players such as Amazon Web Services, Microsoft Corporation and Google Inc.are acting as major drivers for the growth of IoT analytics market. High investments towards research and development activities along with growing adoption of advanced technologies such as cloud, IoT and many others have been fuelling the market growth for IoT analytics in this region. Moreover, Microsoft and SAS recently entered into a strategic partnership to help their customers accelerate the business growth through combing of SAS analytics offerings within Microsoft Azure. Such partnerships have also been creating major opportunities towards IoT analytics market.
IoT Analytics Market Segment Analysis Drivers
Rising demands due to growing IoT data
The rising growth of IoT data has been acting as one of the major driving factor towards the high growth of IoT analytics market. Since the connected devices generate massive amounts of unstructured data, which leads to creating major need towards a tool for efficient data analysis. Growing IoT data has been helping in tracking performance metrics for connected devices such as automobiles, smart home gadgets and many others thus causing higher demands towards an faster defect predictions. Such factors are helpful in creating high market demands for IoT analytics which helps in faster predictive analysis of the products, saving the company’s expenses in the long run. The rising consumer demands towards connected devices which provide connectivity with smart phones, laptops and many others to improve the productivity standards are causing dominance for IoT analytics across industries. Moreover, major industries such as automotive, healthcare, manufacturing and many others have been using connected devices in order to monitor their production processes. Usage of IoT analytics have been helping such industries in verifying the machinery used during production more accurately as well as identifying the problems hampering the plant productivity, thus improving business operations.
Growing adoption from medical sector
The rising adoption of IoT in medical sector has been acting as one of the major driving factor towards the growth of IoT analytics market. Rising technological advancements have caused the medical industry to upgrade as well as make use of advanced technology based devices to ensure more productivity. Healthcare sector have been widely deploying IoT based wearable, sensors as well as health equipment to provide efficient and more flexible monitoring of patients along with developing smart healthcare based mobile options. Such factors have been the helping to drive automation across the industry as well as provide real time monitoring of data through IoT analytics. Deployment of IoT analytics has been widely growing in the healthcare sector as the use of smart health devices as well as platforms are growing rapidly creating bulks of data. IoT analytics helps the medical sector to categorize their medical data histories efficiently as well maintaining records become more efficient, thus driving the market growth and causing reduction in expenses.
IoT Analytics Market Segment Analysis Challenges
Data privacy and security related concerns
High concerns regarding data privacy and security have been acting as a major challenge towards hampering the growth of IoT analytics market. With growing rates of cyber-attacks and security breaches, security and privacy have become the most important aspects for an organization. Since the major industries generate massive amounts of data due to use of connected devices, IoT analytics are highly adopted by the industries to boost their business growth and productivity. Since IoT analytics tools makes use of sensitive data of the organizations to conduct predictive maintenance as well as data management, loss of such information can cause a negative impact on the business growth. Moreover, as technology has been advancing, cyber criminals have also deploying more advanced methods while causing damages such as data hacking, frauds as well as many such dangers ruining the organizations reputation, thus causing lesser adoption towards IoT analytics market.
IoT Analytics Market Landscape
Partnerships and acquisitions along with product launches are the key strategies of the players in the IoT Analytics Market. The major key players in the IoT Analytics Market include IBM Corporation, Amazon Web Services, Oracle Corporation, SAP SE, Salesforce.com Inc., Microsoft Corporation, Cisco Systems Inc., Google LLC, PTC Inc. and Teradata Corporation.
Partnerships/Product Launches/Acquisition
In April 2020, SenRa announced the launch of an IoT analytics platform named Ginger 2.0 to help users in managing IoT data and devices more easily and securely. This platform offers features such as accelerating business decision making process, device management capabilities, real time data visualization along with user accessing management within shorter time intervals and low costs. This development will further help in providing users the ability to have immediate insights about business operations, overall return on investment and many others.
In November 2019, Verizon had announced collaboration with SAP in order to provide holistic IoT analytics solutions with directly data processing from assembly lines to retail stores within real time basis. This collaboration was made to combine the network and platform capabilities from Verizon with SAP’s Leonardo IoT solution, edge services and many others, thus creating a faster digital transformation for the enterprises.
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LIST OF TABLES
1.Global IOT Analytics Market Analysis By Component Market 2023-2030 ($M)1.1 Software Market 2023-2030 ($M) - Global Industry Research
1.1.1 Sensor Data Analytics Market 2023-2030 ($M)
1.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
1.1.3 Network Management Market 2023-2030 ($M)
1.2 Services Market 2023-2030 ($M) - Global Industry Research
1.2.1 Managed Services Market 2023-2030 ($M)
1.2.2 Support & Maintenance Market 2023-2030 ($M)
1.2.3 Consulting Market 2023-2030 ($M)
2.Global IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
2.1 Predictive Analytics Market 2023-2030 ($M) - Global Industry Research
3.Global IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
3.1 On-Premises Market 2023-2030 ($M) - Global Industry Research
3.2 Cloud Market 2023-2030 ($M) - Global Industry Research
4.Global IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
4.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
4.2 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
5.Global IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
5.1 Manufacturing Market 2023-2030 ($M) - Global Industry Research
5.2 Retail & Ecommerce Market 2023-2030 ($M) - Global Industry Research
5.3 Government & Defense Market 2023-2030 ($M) - Global Industry Research
5.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Global Industry Research
5.5 Energy & Utilities Market 2023-2030 ($M) - Global Industry Research
5.6 Telecommunications & IT Market 2023-2030 ($M) - Global Industry Research
5.7 Transportation & Logistics Market 2023-2030 ($M) - Global Industry Research
6.Global IOT Analytics Market Analysis By Component Market 2023-2030 (Volume/Units)
6.1 Software Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Sensor Data Analytics Market 2023-2030 (Volume/Units)
6.1.2 IoT Gateway Analytics Market 2023-2030 (Volume/Units)
6.1.3 Network Management Market 2023-2030 (Volume/Units)
6.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Managed Services Market 2023-2030 (Volume/Units)
6.2.2 Support & Maintenance Market 2023-2030 (Volume/Units)
6.2.3 Consulting Market 2023-2030 (Volume/Units)
7.Global IOT Analytics Market Analysis By Analytics Type Market 2023-2030 (Volume/Units)
7.1 Predictive Analytics Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global IOT Analytics Market Analysis By Deployment Model Market 2023-2030 (Volume/Units)
8.1 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global IOT Analytics Market Analysis By Organization Size Market 2023-2030 (Volume/Units)
9.1 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 (Volume/Units)
10.1 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Retail & Ecommerce Market 2023-2030 (Volume/Units) - Global Industry Research
10.3 Government & Defense Market 2023-2030 (Volume/Units) - Global Industry Research
10.4 Healthcare & Life Sciences Market 2023-2030 (Volume/Units) - Global Industry Research
10.5 Energy & Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
10.6 Telecommunications & IT Market 2023-2030 (Volume/Units) - Global Industry Research
10.7 Transportation & Logistics Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America IOT Analytics Market Analysis By Component Market 2023-2030 ($M)
11.1 Software Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Sensor Data Analytics Market 2023-2030 ($M)
11.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
11.1.3 Network Management Market 2023-2030 ($M)
11.2 Services Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Managed Services Market 2023-2030 ($M)
11.2.2 Support & Maintenance Market 2023-2030 ($M)
11.2.3 Consulting Market 2023-2030 ($M)
12.North America IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
12.1 Predictive Analytics Market 2023-2030 ($M) - Regional Industry Research
13.North America IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
13.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
13.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
14.North America IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
14.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
14.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.North America IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
15.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
15.2 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
15.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
15.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
15.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
15.6 Telecommunications & IT Market 2023-2030 ($M) - Regional Industry Research
15.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
16.South America IOT Analytics Market Analysis By Component Market 2023-2030 ($M)
16.1 Software Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Sensor Data Analytics Market 2023-2030 ($M)
16.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
16.1.3 Network Management Market 2023-2030 ($M)
16.2 Services Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Managed Services Market 2023-2030 ($M)
16.2.2 Support & Maintenance Market 2023-2030 ($M)
16.2.3 Consulting Market 2023-2030 ($M)
17.South America IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
17.1 Predictive Analytics Market 2023-2030 ($M) - Regional Industry Research
18.South America IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
18.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
18.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
19.South America IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
19.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.South America IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
20.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
20.2 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
20.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
20.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
20.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
20.6 Telecommunications & IT Market 2023-2030 ($M) - Regional Industry Research
20.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
21.Europe IOT Analytics Market Analysis By Component Market 2023-2030 ($M)
21.1 Software Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Sensor Data Analytics Market 2023-2030 ($M)
21.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
21.1.3 Network Management Market 2023-2030 ($M)
21.2 Services Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Managed Services Market 2023-2030 ($M)
21.2.2 Support & Maintenance Market 2023-2030 ($M)
21.2.3 Consulting Market 2023-2030 ($M)
22.Europe IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
22.1 Predictive Analytics Market 2023-2030 ($M) - Regional Industry Research
23.Europe IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
23.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
23.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
24.Europe IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
24.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
25.Europe IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
25.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
25.2 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
25.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
25.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
25.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
25.6 Telecommunications & IT Market 2023-2030 ($M) - Regional Industry Research
25.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
26.APAC IOT Analytics Market Analysis By Component Market 2023-2030 ($M)
26.1 Software Market 2023-2030 ($M) - Regional Industry Research
26.1.1 Sensor Data Analytics Market 2023-2030 ($M)
26.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
26.1.3 Network Management Market 2023-2030 ($M)
26.2 Services Market 2023-2030 ($M) - Regional Industry Research
26.2.1 Managed Services Market 2023-2030 ($M)
26.2.2 Support & Maintenance Market 2023-2030 ($M)
26.2.3 Consulting Market 2023-2030 ($M)
27.APAC IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
27.1 Predictive Analytics Market 2023-2030 ($M) - Regional Industry Research
28.APAC IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
28.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
28.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
29.APAC IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
29.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
29.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
30.APAC IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
30.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
30.2 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
30.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
30.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
30.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
30.6 Telecommunications & IT Market 2023-2030 ($M) - Regional Industry Research
30.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
31.MENA IOT Analytics Market Analysis By Component Market 2023-2030 ($M)
31.1 Software Market 2023-2030 ($M) - Regional Industry Research
31.1.1 Sensor Data Analytics Market 2023-2030 ($M)
31.1.2 IoT Gateway Analytics Market 2023-2030 ($M)
31.1.3 Network Management Market 2023-2030 ($M)
31.2 Services Market 2023-2030 ($M) - Regional Industry Research
31.2.1 Managed Services Market 2023-2030 ($M)
31.2.2 Support & Maintenance Market 2023-2030 ($M)
31.2.3 Consulting Market 2023-2030 ($M)
32.MENA IOT Analytics Market Analysis By Analytics Type Market 2023-2030 ($M)
32.1 Predictive Analytics Market 2023-2030 ($M) - Regional Industry Research
33.MENA IOT Analytics Market Analysis By Deployment Model Market 2023-2030 ($M)
33.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
33.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
34.MENA IOT Analytics Market Analysis By Organization Size Market 2023-2030 ($M)
34.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
34.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
35.MENA IOT Analytics Market Analysis By Industry Vertical Market 2023-2030 ($M)
35.1 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
35.2 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
35.3 Government & Defense Market 2023-2030 ($M) - Regional Industry Research
35.4 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
35.5 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
35.6 Telecommunications & IT Market 2023-2030 ($M) - Regional Industry Research
35.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Iot Analytics Market Revenue, 2023-2030 ($M)2.Canada Iot Analytics Market Revenue, 2023-2030 ($M)
3.Mexico Iot Analytics Market Revenue, 2023-2030 ($M)
4.Brazil Iot Analytics Market Revenue, 2023-2030 ($M)
5.Argentina Iot Analytics Market Revenue, 2023-2030 ($M)
6.Peru Iot Analytics Market Revenue, 2023-2030 ($M)
7.Colombia Iot Analytics Market Revenue, 2023-2030 ($M)
8.Chile Iot Analytics Market Revenue, 2023-2030 ($M)
9.Rest of South America Iot Analytics Market Revenue, 2023-2030 ($M)
10.UK Iot Analytics Market Revenue, 2023-2030 ($M)
11.Germany Iot Analytics Market Revenue, 2023-2030 ($M)
12.France Iot Analytics Market Revenue, 2023-2030 ($M)
13.Italy Iot Analytics Market Revenue, 2023-2030 ($M)
14.Spain Iot Analytics Market Revenue, 2023-2030 ($M)
15.Rest of Europe Iot Analytics Market Revenue, 2023-2030 ($M)
16.China Iot Analytics Market Revenue, 2023-2030 ($M)
17.India Iot Analytics Market Revenue, 2023-2030 ($M)
18.Japan Iot Analytics Market Revenue, 2023-2030 ($M)
19.South Korea Iot Analytics Market Revenue, 2023-2030 ($M)
20.South Africa Iot Analytics Market Revenue, 2023-2030 ($M)
21.North America Iot Analytics By Application
22.South America Iot Analytics By Application
23.Europe Iot Analytics By Application
24.APAC Iot Analytics By Application
25.MENA Iot Analytics By Application
26.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Microsoft, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Oracle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.SAP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cisco Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Dell Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Google, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Amazon Web Services, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.HPE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.PTC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Hitachi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Teradata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Salesforce.Com, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Greenwave Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Mnubo, Sales /Revenue, 2015-2018 ($Mn/$Bn)