Global IoT Analytics Market 2023 to 2030: Growing Need of Predictive and Descriptive Analysis Fuels the Sector


Dublin, July 11, 2023 (GLOBE NEWSWIRE) -- The "Global IoT Analytics Market by Type (Service, Solution), Deployment (Cloud, On-Premise), End-User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The Global IoT Analytics Market on a global scale is expected to experience substantial growth, with a significant CAGR forecasted for the upcoming period.

Regional revenue generation has been boosted by economic and significant infrastructure development. The analysis of patterns related to domestic production, import and export, and consumption has enabled market participants to capitalize on potential opportunities.

Furthermore, the accompanied qualitative and quantitative parameters in the report, including detailed analysis, have highlighted the market's driving and restraining factors.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global IoT Analytics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report answers questions such as:

  1. What is the market size and forecast of the Global IoT Analytics Market?
  2. What are the inhibiting factors and impact of COVID-19 shaping the Global IoT Analytics Market during the forecast period?
  3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global IoT Analytics Market?
  4. What is the competitive strategic window for opportunities in the Global IoT Analytics Market?
  5. What are the technology trends and regulatory frameworks in the Global IoT Analytics Market?
  6. What is the market share of the leading vendors in the Global IoT Analytics Market?
  7. What modes and strategic moves are considered suitable for entering the Global IoT Analytics Market?

Market Dynamics

Drivers

  • Significant adoption to increase productivity and transparency within organizations
  • Growing need of predictive and descriptive analysis
  • Proliferating growth of IoT data

Restraints

  • Limited use of Real-time algorithms and heterogeneous data processing

Opportunities

  • Introduction of edge analytics
  • Technological advancements in Platform as a Service (PaaS)

Challenges

  • Lack of skilled and experienced professionals

Companies Mentioned

  • Accenture PLC
  • Aeris Communications Inc.
  • Dell Inc.
  • Hewlett Packard Enterprise Company
  • Hitachi, Ltd.
  • Intel Corporation
  • IoT Analytics GmbH
  • Micro Focus International PLC
  • Oracle Corporation
  • PTC Inc.
  • Salesforce, Inc.
  • SAP SE
  • SAS Institute Inc.
  • Software AG
  • Teradata Corporation

Market Segmentation & Coverage:

This research report categorizes the Global IoT Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

  • Based on Type, the market is studied across Service and Solution. The Solution is projected to witness significant market share during forecast period.
  • Based on Deployment, the market is studied across Cloud and On-Premise. The On-Premise is projected to witness significant market share during forecast period.
  • Based on End-User, the market is studied across Agriculture, BFSI, Energy & Utility, Manufacturing, Public Sector, and Retail & Consumer Goods. The Public Sector is projected to witness significant market share during forecast period.
  • Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.

For more information about this report visit https://www.researchandmarkets.com/r/r9ictk

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