The Analytics of Things describes the analysis of the data produced by the Internet of Things devices. Analytics of Things is essential to make the connected devices smart and allow it to make smart decisions. It can be integrated with an organization’s existing business analytics. The potential of AoT is being recognized by the organization which will bring success to their business. With the evolution of Big Data the organization are expected to generate huge data in the forecast year which is being started to build up on their analytics capabilities. The organizations are investing in advanced technology and skilled human resources for AoT to be successful.
The study indicates that the Analytics of Things AoT can be used in various sectors such as predictive, analytics, diagnostics analytics and among others. These analytics of things are driven by the access the huge amount of data in real time which is further substitute a cloud based solution, which improve efficiency, increasing demand of IOT and demand of instant information and many more has fueled the market of Analytics of Things Market. Moreover, by using AoT the organizations can sense of the data generation and thus, can take required steps to recover the business.
The global Analytics of Things market is expected to grow at USD$ ~29.53 billion by 2023, at ~30.0% of CAGR between 2017 and 2023.
The prominent players in the Analytics of Things market – Hewlett Packard Enterprise Company (US), Cisco Systems, Inc. (US), Dell Technologies, Inc. (US), Google, Inc., (US), Amazon Web Services (US), Salesforce.com, Inc. (US), Teradata Corporation (US), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), SAP SE (Germany) among others.
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The regional analysis of Analytics of Things market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of largest market share in Analytics of Things market owing to the government investments in the IoT technology. The growing demand of the Analytics of Things, Europe region is expected to witness rapid growth in this market. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for Analytics of Things market and expected to have highest CAGR in the forecast period.
The global Analytics of Things market has been segmented on the basis of type, component, end -users and region.
Analytics of Things Market by Type:
- Automating Analytics
- Prescriptive analytics
- Diagnostic Analytics
- Descriptive analytics
- Predictive analytics
Analytics of Things Market by Component:
- Sensor data analytics
- IoT gateway analytics
- Network management
- Managed services
- Professional services
Analytics of Things Market by End-User:
- Retail and e-Commerce
- Government and defense
- Healthcare and life sciences
- Telecommunications and IT
Analytics of Things Market by Regions:
- North America
- Rest of the World
Study Objectives of Analytics of Things Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Analytics of Things system market.
- To provide insights about factors affecting the market growth.
- To analyze the Analytics of Things market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, component, end -users and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Analytics of Things system
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- Raw material providers
- Service providers and distributors
- AoT application builders
- Independent Software Vendors
- Analytics consulting companies
- Market research and consulting firms
- Solution providers
- Intellectual property core and licensing providers
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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