Internet Of Things (IoT) Analytics Market Predicted To Grow And Reach $3138.01 Billion By 2032

As per Zion Market Research, Global Internet of Things (Iot) Analytics Market was valued at USD 582.34 Billion in 2023, with projections indicating that it will reach USD 3,138.01 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 20.58% over the forecast period 2024-2032. The surging number of connected devices is the main aspect impelling the growth of the global IoT analytics market. The industrial segment has begun implementing IoT analytics to update its factories, which are progressively automated by robots. These robots that are frequently networked together facilitate manufacturers to utilize the data to make better decisions.

Some of the key players in the market are Microsoft Corporation; IBM Corporation; SAP SE; Oracle Corporation; Dell Technologies, Inc.; Cisco Systems, Inc.; Amazon Web Services, Inc.; Google, Inc.; PTC, Inc.; HP Enterprise Company; Teradata Corporation; Hitachi, Ltd.; Greenwave Systems, Inc.; and Salesforce.com, Inc.

Healthcare Segment Will Register Significant Growth In The Global Internet Of Things (IoT) Analytics Market

IoT-based healthcare solutions have the prospective to enhance the quality and competence of treatments. Through connected healthcare solutions, using IoT and analytics, it will result in a way for a model that is digitally-enabled, proactive, and patient-centric in return propelling the market development over the estimated period. For example, in December 2017 Apollo Hospitals started to emphasize connected health to offer better service in which they focused on IoT within the hospital and outside. This is likely to boost the implementation of IoT analytics over the forecasted period.

The global Internet of Things (IoT) analytics market is bifurcated on the account of type, analytics type, application, deployment model, industry vertical, and regional analysis. Based on the type, the market is divided into software and services. The software segment is subdivided into IoT gateway analytics, sensor data analytics, and network management. The services segment is subdivided into support & maintenance, deployment & integration, managed services, and consulting services.

Based on the analytics type, the market is divided into descriptive analytics, prescriptive analytics, and predictive analytics. Based on the application, the market is divided into predictive & asset management, energy management, security & emergency management, inventory management, building automation, sales & customer management, remote monitoring, infrastructure management, and others. Based on the deployment model, the market is divided into hosted and on-premise. Based on the industry vertical, the market is divided into government & defense, healthcare, energy & utilities, manufacturing, telecommunication & IT, retail, transportation & logistics, and others (travel & hospitality, outsourcing services, and education).

North America Projected To Register Largest Revenue In The Global Internet Of Things (IoT) Analytics Market

Based on geographical analysis, the global Internet of Things (IoT) analytics market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region registered the major market share, owing to the incidence of many established retailers of iris recognition across the region and the earliest implementation of IoT technology in various industries. These factors are further likely to boost the global IoT Internet of Things (IoT) analytics in the region.

Browse the full “Internet of Things (IoT) Analytics Market - by Organization Size (Large Enterprises, SMEs), by Deployment Mode (Cloud-Based, On-Premises), by Vertical (Energy & Utilities, Manufacturing, Retail and E-Commerce, Transportation and Logistics, Life Science and Healthcare, Others), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/internet-of-things-iot-analytics-market

The global Internet of Things (IoT) analytics market is segmented as follows:

By type:

• Software
  • IoT Gateway Analytics
  • Sensor Data Analytics
  • Network Management
• Services
  • Support & Maintenance
  • Deployment & Integration
  • Managed Services
  • Consulting Services

By analytics type:

• Predictive Analytics
• Prescriptive Analytics
• Descriptive Analytics

By application:

• Predictive & Asset Management
• Energy Management
• Sales & Customer Management
• Inventory Management
• Security & Emergency Management
• Infrastructure Management
• Building Automation
• Remote Monitoring
• Others

By deployment model:

• On-Premise
• Hosted

By industry vertical:

• Government & Defense
• Healthcare
• Energy & Utilities
• Manufacturing
• Transportation & Logistics
• Telecommunication & IT
• Retail
• Others (travel & hospitality, outsourcing services, and education)

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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