The Global Connected Device Analytics Market is expected to grow at a CAGR of 22.30% in the forecast period of 2021 to 2028 and is likely to reach the USD 73.71 billion by 2028. The increase in the focus on remote monitoring in support of work from home (WFH) initiative will enhance the market growth rate.
Moreover, the surging level of investments for the development of various smart infrastructures and smart cities along with increasing government support for regulatory compliances will boost beneficial opportunities for the growth rate of connected device analytics market.
According to Data Bridge Market Research the market for connected device analytics is expected to gain growth due to the increase in penetration of internet and IoT devices. Also, upsurge in the adoption rate of smart payment technologies will further cushion the growth of connected device analytics market over the forecast period of 2021 to 2028. Conversely, the dearth of skilled professional workforce will obstruct the growth of connected device analytics market in the above-mentioned forecast period.
Now the question is which are the other regions that connected device analytics market is targeting? Data Bridge Market Research has estimated Asia-Pacific, the growing region of market due to the rising level of investments by technology companies in developing countries such as China and Japan and increasing government regulations in this region.
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Connected device analytics market is segmented on the basis of countries into the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of connected device analytics companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-connected-device-analytics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Connected Device Analytics Market – Industry Trends and Forecast to 2028