The Connected Device Analytics Market is expected to grow from USD 14.3 billion in 2020 to USD 45 billion by 2026 at a CAGR of 22.3% from 2020 to 2026.
Connected devices collect huge amounts of data, and talohese devices are equal in value to the vital information which they gather. The number of such devices is rising on account of the increasing demand for IoT services in several sectors for various applications. Thus, the connected device analytics market is enabling companies to create platforms and services which allow them to efficiently manage and analyze real-time data streams from various data sources. The emphasis towards remote work monitoring, time tracking is broadly rising as it is a crucial tool among organization which propel revenue and productivity among organization. The spread of corona virus enhances the work from home trend among companies and this result in higher deployment of remote monitoring technology. The adoption of technologies such as machine learning, IoT, artificial intelligence and analytics is rising and this accelerate growth in connected device analytics market during forecast period. In addition, the remote monitoring assists in enhancing teamwork capability of working with better and enhanced work productivity. There are several industrial verticals such as manufacturing, energy & utilities, aviation, logistics and other verticals are utilizing connected device analytics. These verticals are facing difficulties in managing asset tracking and maintaining minimized cost. The deployment of connected device analytics is highly growing with increase in the adoption of remote monitoring and other technologies. This propels the growth in connected device analytics market over forecast period. However, the dearth of highly qualified personnel for the adoption of technology impedes the growth of the connected devices analytics market.
Furthermore, the rising awareness of the requirement to produce real-time insights which can be acted upon in real time through IoT sensors data will create an enormous opportunity for businesses to remain in the digital transformation environment. Organizations among consumer, industrial and enterprise sectors are quickly estimating and implementing programs to ascertain immediate value from the IoT to emphasize on cost reduction, maintenance and monitoring to collect real-time services for timely decision-making. Organizations produce a huge volume of unorganized data, which creates difficulties in making vital business decisions. These complexities arise owing to the rising use of cloud-based applications, machines, sensors, mobile devices and IoT, such as smart homes device and Point-of-Sale (PoS) machines.
The global Connected Device Analytics Market is segregated on the basis of component as Software and Services. Based on Deployment Model the global Connected Device Analytics Market is segmented in On-Premises and Cloud. Based on Enterprise Size the global Connected Device Analytics Market is segmented in Large Enterprises and Small & Medium Enterprises. Based on Application the global Connected Device Analytics Market is segmented in Security & Emergency Management, Sales & Customer Management, Inventory Management, Remote Monitoring, Building Automation and Others. Based on End User the global Connected Device Analytics Market is segmented in BFSI, IT & Telecom, Manufacturing, Healthcare and Others.
The global Connected Device Analytics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Connected Device Analytics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Amazon.com, Inc., and others are among the major players in the global Connected Device Analytics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Connected Device Analytics Market has been segmented as below:
Connected Device Analytics Market, By Component
Connected Device Analytics Market, By Deployment Model
Connected Device Analytics Market, By Enterprise Size
Connected Device Analytics Market, By Application
Connected Device Analytics Market, By End User
Connected Device Analytics Market, By Region
Connected Device Analytics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
The global Connected Device Analytics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Connected Device Analytics Market share. Major industry players with significant revenue share include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Amazon.com, Inc., and others.
Why to Buy this Report:
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
22.214.171.124. Secondary Research
126.96.36.199. Primary Research
188.8.131.52. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
5. Connected Device Analytics Market, By Component
5.1. Key Points
5.2. Industrial Sensors
5.3. Industrial Robots
5.4. Industrial 3D Printers
5.5. Machine Vision Systems
6. Connected Device Analytics Market, By Solution
6.1. Key Points
6.2. Manufacturing Execution System (MES)
6.3. Plant Asset Management (PAM)
6.5. Industrial Safety
7. Connected Device Analytics Market, By Industry Vertical
7.1. Key Points
7.3. Semiconductor & Electronics
7.4. Chemicals & Pharmaceuticals
7.5. Food & Beverages
7.6. Oil & Gas
7.7. Aerospace & Defense
7.8. Medical Devices
8. Competitive Landscape
8.2. Start-up companies- Connected Device Analytics Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9. Company Profile
9.1. IBM Corporation
9.2. Microsoft Corporation
9.3. Oracle Corporation
9.4. SAP SE
9.5. Amazon.com, Inc.
9.6. General Electric (GE) Co.
9.7. Google, Inc.
9.8. Salesforce.com, Inc.
9.9. Adobe, Inc.
9.10. Hewlett Packard Enterprise Company
9.11. Hitachi, Ltd.
9.12. Arundo Analytics
9.14. Cloudera9.15.TIBCO Software