Global IoT Analytics
Market Report
2024
The global IoT Analytics market size is USD 32.89 billion in 2024. The IoT Analytics market will show the strongest growth with a compound annual growth rate (CAGR) of 21.3% from 2024 to 2031. This growth can be attributed to the proliferation of IoT devices.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global IoT Analytics market size will be USD 32.89 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 21.3% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global IoT Analytics Market Sales Revenue 2024 | $ 32.89 Billion |
Global IoT Analytics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 21.3% |
Market Drivers:
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Market Restrains:
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Market Split by Analytic Type |
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Market Split by Deployment Mode |
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Market Split by Organization Size |
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Market Split by End User Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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IoT Analytics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The IoT Analytics market is rapidly growing as businesses increasingly leverage the vast amounts of data generated by interconnected devices to drive strategic decision-making and operational efficiencies. IoT Analytics involves collecting, processing, and analyzing data from various IoT devices to gain actionable insights, optimize processes, and enhance customer experiences across industries such as manufacturing, healthcare, transportation, and smart cities. The integration of advanced analytics, machine learning, and AI technologies enables increased use of predictive maintenance, real-time monitoring, and improved resource management. However, the market faces challenges such as data security and privacy concerns, as well as high implementation costs associated with setting up IoT infrastructure and analytics platforms. Despite these hurdles, the ongoing advancements in analytics technologies and the growing adoption of IoT devices are propelling the market forward. As organizations continue to recognize the value of data-driven insights, the IoT Analytics market is poised for substantial growth, offering transformative benefits for businesses and consumers alike.
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In June 2023, ABB and China Telecom introduced a collaborative digitalization and industrial IoT laboratory in Hangzhou, China. ABB Measurement & Analytics China Technology Center and China Telecom's E Surfing IoT subsidiary collaborate to create comprehensive industrial IoT solutions for Chinese enterprises. (Source:https://new.abb.com/news/detail/104247/abb-and-china-telecom-unveil-joint-digitalization-and-industrial-iot-lab)
Top Companies Market Share in IoT Analytics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its advanced technological infrastructure, high adoption rates of IoT devices, and strong presence of leading tech companies. Robust investments in R&D and a supportive regulatory environment further drive the region's leadership in implementing and innovating IoT analytics solutions.
Asia-Pacific stands out as the fastest-growing region in the IoT Analytics market due to rapid digital transformation, increased adoption of IoT devices, and significant investments in smart city projects. The region's booming industrial sector and supportive government policies further accelerate the integration of IoT analytics across various industries.
The current report Scope analyzes IoT Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global IoT Analytics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing IoT Analytics Industry growth. IoT Analytics market has been segmented with the help of its Analytic Type, Deployment Mode Organization Size, and others. IoT Analytics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, predictive analytics is the dominant category by enabling proactive decision-making and optimized operations across various industries. Utilizing advanced algorithms and machine learning, predictive analytics processes vast amounts of IoT-generated data to forecast future trends, identify potential issues, and recommend preventive actions. This capability is crucial for applications like predictive maintenance in manufacturing, real-time health monitoring in healthcare, and efficient resource management in smart cities. The ability to anticipate and address problems before they occur significantly enhances efficiency, reduces downtime, and drives cost savings, solidifying predictive analytics' leading position in the IoT Analytics market. .
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of IoT Analytics from 2019 to 2031. This will also help to analyze the demand for IoT Analytics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Deployment Mode of IoT Analytics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global IoT Analytics Market is witnessing significant growth in the near future.
In 2023, the Predictive Analytics segment accounted for noticeable share of global IoT Analytics Market and is projected to experience significant growth in the near future.
The Cloud segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB , HP Enterprise Company and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Analytic Type | Predictive Analytics, Prescriptive Analytics, Descriptive Analytics |
Deployment Mode | Cloud, On-Premise |
Organization Size | Small and Medium Enterprises, Large Enterprises |
End User Industry | BFSI, Agriculture, Healthcare, Manufacturing, Retail, Energy and Utility, IT and Telecom, Government, Defense, Others |
List of Competitors | ABB, Oracle Corporation, HP Enterprise Company, Dell Technologies Inc., Hitachi Ltd, Microsoft Corporation, Teradata Corporation, SAP SE., IBM Corporation, Amazon Web Services Inc., Cisco Systems Inc |
This chapter will help you gain GLOBAL Market Analysis of IoT Analytics. Further deep in this chapter, you will be able to review Global IoT Analytics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Analytic Type Analysis 2019 -2031, will provide market size split by Analytic Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Analytic Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Deployment Mode Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Organization Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by End User Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global IoT Analytics market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Predictive Analytics have a significant impact on IoT Analytics market? |
What are the key factors affecting the Predictive Analytics and Prescriptive Analytics of IoT Analytics Market? |
What is the CAGR/Growth Rate of Cloud during the forecast period? |
By type, which segment accounted for largest share of the global IoT Analytics Market? |
Which region is expected to dominate the global IoT Analytics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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