IoT Analytics Market Size, Share, Growth Analysis, By Analytics Type(Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics), By Organization Size(Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Application Area(Energy Management, Predictive Maintenance and Asset Management, Sales and Customer Management, Inventory Management), By Region - Industry Forecast 2025-2032

Q: What is the global market size of IoT Analytics Market?

Global IoT Analytics Market size was valued at USD 1.62 billion in 2022 and is poised to grow from USD 1.71 billion in 2023 to USD 2.63 billion by 2031, growing at a CAGR of 5.52% during the forecast period (2024-2031).

Report ID: SQMIG45B2099 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 91 | Figures: 76

IoT Analytics Market Regional Insights

North America is poised to dominate the IoT Analytics marketplace due to its advanced technological landscape. The vicinity, specially the United States, is a hub for innovation and early adoption of emerging technology, supplying a conducive surroundings for the substantial deployment of IoT analytics answers.

The Asia-Pacific location is anticipated to be the fastest developing market for IoT analytics. The surge in urbanization and the associated want for smart answers in hastily growing cities power the adoption of IoT analytics for city planning, transportation, and resource control.

IoT Analytics Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

IoT Analytics Market size was valued at USD 1.62 billion in 2022 and is poised to grow from USD 1.71 billion in 2023 to USD 2.63 billion by 2031, growing at a CAGR of 5.52% during the forecast period (2024-2031).

The competitive surroundings of the IoT Analytics marketplace is dynamic and is characterised via excessive opposition among key gamers striving for market share and innovation. Established organizations and emerging entrants make contributions to the range of the market, imparting a variety of IoT analytics answers. Key gamers often engage in strategic partnerships, collaborations, and acquisitions to enlarge their product portfolios and worldwide attain. 'Microsoft Azure', 'Amazon Web Services (AWS)', 'Google Cloud Platform (GCP)', 'IBM Watson IoT Platform', 'SAP Leonardo', 'Cisco Kinetic for', 'Siemens MindSphere', 'Bosch IoT Suite', 'PTC ThingWorx', 'GE Predix', 'Software AG Cumulocity', 'SAS Viya', 'Oracle IoT Cloud', 'FogHorn Systems', 'ThingSpeak', 'StreamSets', 'Actility ThingPark', 'HiveMQ', 'TheThingsNetwork', 'Losant'

The exponential proliferation of Internet of Things (IoT) gadgets generates big volumes of records, necessitating advanced analytics to extract meaningful insights. Organizations throughout industries leverage IoT analytics to derive actionable intelligence from this facts, enhancing selection-making approaches. The increasing demand for operational efficiency, predictive protection, and actual-time insights propels the adoption of IoT analytics, especially in sectors like manufacturing, healthcare, and logistics.

Rising emphasis on edge analytics: The growing emphasis on aspect analytics, where facts processing takes place towards the source of era, enhancing actual-time insights and decreasing latency. Another vast fashion is the integration of artificial intelligence (AI) and Machine learning (ML) into IoT analytics answers, making an allowance for greater advanced and predictive statistics evaluation.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

IoT Analytics Market Regional Insights

IoT Analytics Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of IoT Analytics Market?

Who are the key vendors in the IoT Analytics Market?

What is the key driver of IoT Analytics Market?

What is the key market trend for IoT Analytics Market?

Which region accounted for the largest share in IoT Analytics Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300