Connected Device Analytics Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: IC1447

Connected Device Analytics Market

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.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies

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.

Competitive Analysis

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.

  • In June 2020, Microsoft acquired CyberX to solve the issues of customers by providing customers visibility into IoT devices which are connected to their networks and manage the security on the current IoT devices.
  • In June 2020, IBM and Siemens collaborated to provide a service life cycle management solution. The solution integrates elements of Siemens’ Xcelerator portfolio and IBM Maximo to continuously enhance product performance, maintenance and operations. The solution also allows OEMs to obtain critical data regarding asset performance, maintenance, and failures in the field.
  • In June 2020, PTC introduced the latest version of its market-leading ThingWorx IIoT platform. ThingWorx 9.0 will provide new and additional features to help industrial companies create, customize, implement and scale their solutions.
  • In June 2018, IBM acquired Oniqua to improve its leading IoT capabilities for helping businesses proactively maintain crucial assets.

The global Connected Device Analytics Market has been segmented as below:

Connected Device Analytics Market, By Component

  • Software
  • Services

Connected Device Analytics Market, By Deployment Model

  • On-Premises
  • Cloud

Connected Device Analytics Market, By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

Connected Device Analytics Market, By Application

  • Security & Emergency Management
  • Sales & Customer Management
  • Inventory Management
  • Remote Monitoring
  • Building Automation
  • Others

Connected Device Analytics Market, By End User

  • BFSI
  • IT & Telecom
  • Manufacturing
  • Healthcare
  • Others

Connected Device Analytics Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Connected Device Analytics Market, By Company

  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Amazon.com, Inc.
  • General Electric (GE) Co.
  • Google, Inc.
  • Salesforce.com, Inc.
  • Adobe, Inc.
  • Hewlett Packard Enterprise Company
  • Hitachi, Ltd.
  • Arundo Analytics
  • Iguazio
  • Cloudera
  • TIBCO Software

The report covers the below scope:

  • Global Connected Device Analytics Market sizes from 2020 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
  • Global Connected Device Analytics Market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Connected Device Analytics Market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2019
  • Projected year - 2020
  • Forecast period - 2021 to 2026

Report Scope:

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:

  • Gain detailed insights on the Connected Device Analytics industry trends
  • Find complete analysis on the market status
  • Identify the Connected Device Analytics Market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

  • The report targeted towards the existing players in the industry is as follows:
  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions
Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          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

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

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)

6.4. SCADA

6.5.  Industrial Safety

6.6. Others

7.     Connected Device Analytics Market, By Industry Vertical

7.1.      Key Points

7.2.       Automotive

7.3.       Semiconductor & Electronics

7.4.       Chemicals & Pharmaceuticals

7.5.       Food & Beverages

7.6.       Oil & Gas

7.7.       Aerospace & Defense

7.8.       Medical Devices

7.9.       Others

8.    Competitive Landscape

      8.1.      Introduction

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

8.3.5.    Others

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

      9.13.   Iguazio

      9.14.   Cloudera

     9.15.TIBCO Software

Connected Device Analytics Market

License Options

  • Single 1500 USD
  • Multiple 3000 USD