Trends of Internet of Things (IoT) Analytics Market 2017-2025

Global IoT Analytics Market Projected to Reach US$ 19,415.1 Mn in
Internet of things (IoT) analytics assists users in combining operative information with data and
generation intelligent analytics. Adoption of IoT-based technologies is witnessing a surge owing to
its benefits including better efficiency, reduced operation costs, and infrastructure optimization.
Rapid growth in IoT-centric business application is fuelling demand for PaaS, aiding
implementation of IoT to a large extent.
Global internet of things (IoT) analytics market is projected to exhibit a staggering 16.2% CAGR
during the forecast period 2017 to 2025, according to a report by Persistence Market Research
(PMR). PMR’s report projects revenue from global IoT analytics market to increase from US$
19,415.1 Mn in 2017 to surpass US$ 60,000 Mn by 2025-end. This growth is primarily attributed to
continuous launching of IoT analytics offerings, coupled with emergence of niche players in the
Software is anticipated to be the most attractive component of IoT analytics by 2025. Revenue
amassed from software component of IoT analytics will surpass US$ 10,000 Mn in 2017; by 2025
this number is estimated to reach nearly US$ 40,000 Mn. In addition, service component of IoT
analytics is projected to witness fastest expansion at over 20% CAGR through 2025.
North America is pegged to hold the highest share of the market, with revenue pegged to account
for around US$ 50,000 Mn by 2025. North America is estimated to exhibit highest CAGR in the
global IoT analytics market. In addition, Europe is expected to account for over 10% market share,
to stand second in the global market by 2025. In contrast, Middle East & Africa will register a
comparatively low CAGR in the market during the forecast period.
On-premise deployment of IoT analytics will remain sought-after in the market. This deployment
type segment is projected to create an incremental opportunity of US$ 27,278.7 Mn between 2017
and 2025. In addition, SaaS will remain fastest growing deployment type of IoT analytics,
expanding at 18.5% through 2025.
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Although healthcare will remain largest vertical in the global IoT analytics market, Retail is
expected to witness fastest growth in demand for IoT analytics. Healthcare is projected to account
for over 70% share of market value by 2025. Transportation & logistics is expected to exhibit
second-highest CAGR in the market. In contrast, energy & utilities vertical for IoT analytics will
witness a comparatively low CAGR during the forecast period.
Number of connected devices is witnessing a surge owing to soaring demand for IoT services in
North America. This growth of IoT ecosystem is prompting companies for developing platforms
and services will result into better prediction, management and optimization of business operations
and processes. This further helps in improving efficiency and profitability, and resolving threats. In
addition, there has been a robust adoption of IoT analytics by healthcare sector in North America.
IoT adoption, coupled with digitization helps to easily collect data for patient records, population
health data, and various other databases. These factors are expected to drive demand for IoT
analytics in North America.
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Implementation of large number of projects utilizing IoT tools and data sets has led to a surge in
demand for IoT analytics tools & technologies by various enterprises in Europe. Adoption of IoT
analytics is comparatively higher among large enterprises which have data support systems and
adequate capital. Significant investments are being made by leading enterprise companies in IoT
analytics tools, implementation, and applications. Such factors are estimated to propel market
growth in Europe by 2025-end.
Key market players identified in PMR’s report include IBM Corporation, Microsoft Corporation,
Intel Corporation, Cumulocity GmbH, Tableau Software, Cisco System Inc., Oracle Corporation,
Aeris Communication, Accenture PLC.
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