The global IoT analytics market is expected to grow from $4,857.2 million in 2015 to $16,353.5 million by 2020, at a Compound Annual Growth Rate (CAGR) of 27.4%. The key players in this market include IBM, Intel, SAP, AGT International, Thingworx, Accenture, Capgemini, Mnubo, and Nokia Networks.
The roots of Internet of Things (IoT) analytics can be traced back to the evolution of IoT and analytics markets. However, this term gained prominence only post 2013, after the term IoT came into limelight. Though IoT analytics is a relatively new concept, it has undergone countless changes since its genesis. Starting with the concept of data warehousing, it has shifted towards analyzing and interpretation of IoT data into actionable information.
The uncertainty and volatility of business environments and proliferation of IoT data generated from a plethora of sources are the prime causes of development of IoT analytics as an offshoot of big data analytics. This data over internet from these connected tings is highly valuable if, filtered, processed, and analyzed properly. All across the world suddenly the investment in IoT analytics has been increased and analytics vendors are focusing on developing precise analytics solutions for IoT. Most of the vendors are performing sensor analytics where data is generated and offering platforms-a-service for different verticals. These solutions are enabling the business to use predictive analytics to improve real-time decision making and improve customer experience.
The capabilities of IoT analytics platforms include easy data integration, storage, analysis, and presentation which promote smarter decisions and actionable insights into the IoT market. The analytics tools enable segregation of information from the huge volumes of data that is generated by sensors and IoT devices. The on-premises deployment of IoT analytics platforms and services makes the market wide open for the startups and SMBs to prove their mettle and worth against stronger rivals. Sensor analytics and gateway analytics are acting as the catalysts for the remarkable growth of IoT analytics because of their precision to provide tailor-made solutions in this market.
Manufacturing and healthcare are the major verticals of this market because of the extensive deployment of IoT-enabled connected devices in these sectors. Overall, IoT analytics is gaining traction and there is a lot of optimism regarding the future growth and scope of this market. Some of the new concepts such as predictive analytics, sensor analytics, and gateway analytics are also closely related to the evolution of the IoT analytics market and are expected to achieve robust growth in the near future.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Internet Of Things Analytics Market, By Application Platform
8 Internet Of Things Analytics Market, By Solution
9 Internet Of Things Analytics Market, By Service
10 Internet Of Things Analytics Market, By Process
11 Internet Of Things Analytics Market, By Deployment
12 Internet Of Things Analytics Market, By Vertical
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
- AGT International
- Nokia Networks
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SOURCE Research and Markets
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