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Market research future published a half-cooked research report on IOT Analytics market. The global market for IOT Analytics market is expected to grow over the CAGR of around ~25% during the period 2016 to 2022 and expected to grow at market size of USD ~18 billion in 2022.Market Overview
The global IOT Analytics market has been evaluated as growing market and expected that the market will touch high growth figures in upcoming years. The increase in demand for cloud-based deployments is accelerating this market due to its optimal cost and benefits of hassle-free maintenance. Since the market is emerging, it is less competitive with fewer entry and exit barriers. However, the control lies with niche players who provide dedicated IoT analytics platforms.
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Key Players for IOT Analytics Market:
• IBM corporation (U.S.)
• Intel Corporation (U.S.)
• SAP SE (Germany)
• AGT International (Switzerland)
• Accenture PLC (Ireland)
• Capgemini (France)
• PTC (U.S.)
• Mnubo Inc. (Canada)
• Cisco Systems (U.S.)
• Nokia Networks (Finland)
Major industries such as Accenture PLC, Capgemini, and PTC among various other organizations is making innovative development in the field of IOT Analytics and thereby providing their services to the end-consumers.
Test the market data and market information presented through more than 50 market data tables and figures spread over 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global IOT Analytics Market Research Report- Forecast to 2022”
Segments for IOT Analytics Market:
Segmentation by Application Platform
• Building Automation
• Energy Management
• Inventory Management
• Infrastructure Management
• Remote Monitoring among others
Segmentation by Solutions
• Gateway Analytics
• Sensors
Segmentation by Deployment
• on Premises
• On Cloud
Segmentation by Vertical
• Government
• Healthcare
• Financial Services
• Retail
• Manufacturing
• Energy and utilities
• Transportation
• Logistics
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IOT Analytics Market:
The IOT analytics can be segmented by application platform, by solutions, by deployment, and by vertical. By application platform includes Building Automation, Energy Management, Inventory Management, Infrastructure Management and Remote Monitoring has capture major portion of the market in which building automation has highest market share and thereby dominating the IOT Analytics market. The various solutions such as Gateway Analytics and Sensors are therefore increasing the overall market growth of IOT Analytics.
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Market Research Analysis:
The fastest growing IoT market has building opportunity for IOT analytics to fetch useful information and to provide advanced features in IOT-enabled devices for better results. The growing market of connected device is fueling the market growth of IOT analytics. The development of new technologies such as PaaS and edge analytics is expected to provide a huge opportunity for the growth of the IoT analytics market.
However, lack of technical expertise and high cost involvement in IOT- analytics is the current challenges which also hampering the market growth.
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