Global Connected Device Analytics Market, By Component (Solution, Services), Device Connectivity (Wireless Personal Area Networks, Wireless Local Area Networks, Low-Power Wide Area Networks, Cellular/Machine To Machine, Wired), Deployment Mode (On-Premises, Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Application (Security and Emergency Management, Sales and Customer Management, Remote Monitoring, Predictive Maintenance and Asset Management, Inventory Management, Energy Management, Building Automation, Others), End User (Manufacturing, Transportation and Logistics, Energy and Utilities, Retail and e-commerce, BFSI, Healthcare and Life Sciences, Government and Defense, Others), Country (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) Industry Trends and Forecast to 2028.
Connected device analytics market size is valued at USD 73.71 billion by 2028 is expected to grow at a compound annual growth rate of 22.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on connected device analytics provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The connected device analytics helps to allow the companies to create platforms and services which enable them to proficiently manage and examine real-time information streams from diverse data sources. This facilitates companies to manage, better optimize and envisage business processes and operations as well as also improves the profitability and effectiveness and neutralizes threats.
The rise in the focus on remote monitoring in support of work from home (WFM) initiative is expected to influence the growth of connected device analytics market over the forecast period of 2021 to 2028. Also the increase in the adoption of smart payment technologies and rise in the business need to build digital infrastructure for large-scale deployments are also anticipated to flourish the growth of the connected device analytics market. Furthermore, the rise in the penetration of the internet and IoT devices is also likely to positively impact the growth of the market. Moreover, the rise in the investments in developments of various smart infrastructures and smart cities and the rise in the government support for regulatory compliance are also expected create a huge demand for connected device analytics as well as lifting the growth of the connected device analytics market.
However, the legacy database technologies restraining IoT product integration and dearth of skilled professional workforce are expected to act as the major limitations for the growth of connected device analytics in the above mentioned forecasted period, whereas the rise in the cyber security concerns and decline in industrial operation and manufacturing operations can challenge the connected device analytics market growth in the forecast period of 2021 to 2028.
Likewise, the rise in the internet penetration and adoption of IoT devices, increase in the need for remote patient care and tracking infected people in COVID-19 pandemic circumstances and the emergence of real-time analytics as a key vital IoT initiative are expected to create various new opportunities that will lead to the growth of the connected device analytics market in the above mentioned forecasted period.
This connected device analytics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on connected device analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Connected Device Analytics Market Scope and Market Size
Connected device analytics market is segmented on the basis of component, device connectivity, deployment mode, organization size, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Connected device analytics market is segmented on the basis of component into solution and services. Services have further been segmented into professional services and managed services. Professional services have further been sub-segmented into consulting, integration and deployment and support and maintenance.
- Based on device connectivity, the connected device analytics market is segmented into wireless personal area networks, wireless local area networks, low-power wide area networks, cellular/machine to machine and wired.
- On the basis of deployment mode, the connected device analytics market is segmented into on-premises and cloud. Cloud has further been segmented into public cloud, private cloud and hybrid cloud.
- Based on organization size, the connected device analytics market is segmented into large enterprises and small and medium-sized enterprises.
- On the basis of application, the connected device analytics market is segmented into security and emergency management, sales and customer management, remote monitoring, predictive maintenance and asset management, inventory management, energy management, building automation and others. Others have further been segmented into IT infrastructure management, product and process management and cost optimization.
- The end user segment of the connected device analytics market is segmented into manufacturing, transportation and logistics, energy and utilities, retail and e-commerce, BFSI, healthcare and life sciences, government and defense and others. Others have further been segmented into education, media and entertainment and travel and hospitality.
Connected Device Analytics Market Country Level Analysis
Connected device analytics market is analyzed and market size, volume information is provided by country, component, device connectivity, deployment mode, organization size, application and end user as referenced above.
The countries covered in the connected device analytics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the connected device analytics market because of the rise in the investments in advanced technologies such as analytics, IoT, AI and ML and strong presence of market players. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to increase in the investments by the technology companies in emerging countries such as China and Japan as well as the rise in the government regulations.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Connected Device Analytics Market Share Analysis
Connected device analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to connected device analytics market.
The major players covered in the connected device analytics market report are Microsoft, Oracle, SAP SE, IBM, Amazon Web Services, Inc., Cisco Systems, Inc., Google, Adobe, Teradata, Hitachi, Ltd., Hewlett Packard Enterprise Development LP, SAS Institute Inc., Software AG, GE DIGITAL, TIBCO Software Inc., Cloudera, Inc., QlikTech International AB, Splunk Inc., Infor and ARUNDO among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.