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IoT Analytics Market Size, Share, and Industry Report [2031]

Global IoT analytics Market

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Segments - by Components (Software [Sensor Data Analytics, IoT Gateway Analytics, and Network Management] and Services [Deployment & Integration, Support And Maintenance, Managed Services, and Consulting Services]), Analytics Types (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Organization Sizes (Small and Medium enterprises and Large Enterprises), Deployment Modes (Cloud and On-Premise), End-users (Retail, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Transportation & Logistics, Telecommunications & IT, Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Trends, Size, and Forecast 2023-2031

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Report Description

The global Internet of Things (IoT) analytics market size was valued USD 26.01 Billion in 2022 and is estimated to reach USD 218.84 Billion by 2031, expanding at a CAGR of 26.7% during the forecast period, between 2023 and 2031. IoT analytics is simply the analysis of large amount of data volumes generated by connected IoT devices.

Many firms can now collect and analyze data from weather stations, smart meters, and delivery trucks due to the industrial IoT (IIoT). Some of the types of IoT analytics are descriptive analytics, diagnostic analytics, predictive Analytics, and prescriptive analytics, which can help in optimize the marketing strategy of the company and help in delivering new services, flexible pricing, and billing.

IoT Analytics Market Trends, Drivers, Restraints, and Opportunities

Increasing number of connected devices is one of the major factors driving the market growth.
Rising adoption of IoT analytics to streamline their robot automated factories is expected to fuel the growth of the market.
Security concerns can create challenges for the market.
The advancement in technology is anticipated to create lucrative opportunities for the market players in coming years.

Scope of IoT analytics Market Report

The report on IoT analytics market includes an assessment of the market, size, share, trends, segments, and regional markets The report includes an overview as well as dynamics.

Attributes	Details
Report Title	Global IoT analytics Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
Base Year	2022
Historic Data	2016 & 2021
Forecast Period	2023–2031
Segmentation	Components (Software [Sensor Data Analytics, IoT Gateway Analytics, and Network Management] and Services [Deployment & Integration, Support And Maintenance, Managed Services, and Consulting Services]), Analytics Types (Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics), Organization Sizes (Small and Medium enterprises and Large Enterprises), Deployment Modes (Cloud and On-Premise), End-users (Retail, Manufacturing, Healthcare, Government and Defense, Energy and Utilities, Transportation & Logistics, Telecommunications & IT, Others)
Regional Scope	Asia Pacific, Europe, Latin America, and Middle East & Africa, north America
Report Coverage	Market scope, share, analysis, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered in the Report	IBM Corporation, Oracle, Dell, Google LLC, Amazon Web Services, Inc. General Electric, Accenture, Cisco System, Inc., Larsen and Toubro Infotech limited, and SAP SE

IoT Analytics Market Insights

Software segment is projected to hold a significant market share

Based on components, the IoT analytics market can be further bifurcated into software and services. The solution segment can be further divided into sensor data analytics, IoT gateway analytics, and network management.

The services segment can be further segregated into deployment & integration, support and maintenance, managed services, and consulting services. The software segment held a considerable share in 2020 due to increasing use of IoT analytics in the healthcare sector. IoT-based healthcare solutions are used to improve the quality and efficiency of treatments.

Predictive analytics segment to hold a major market share

On the basis of analytics types, the market can be segregated into predictive analytics, prescriptive analytics, and descriptive analytics. The predictive analytics segment to hold a major market share, and is estimated to grow at a healthy rate during the forecast period. Increasing use of IoT analytics to improve the decision making process is driving the segment growth.

Large enterprises segment to exhibit a sustainable CAGR

In terms of organization sizes, the market can be divided into small and medium enterprises and large enterprises. The large enterprises segment accounted a large market share in 2020, and is estimated to exhibit a sustainable CAGR during the forecast period. Rising adoption of IIoT among major industry players due to huge capital resource and requirement for solutions to improve productivity is driving the segment growth.

Cloud segment held a substantial market share in 2020

Based on deployment modes, the IoT analytics market can be bifurcated into on-premise and cloud. The cloud deployment of IoT analytics solutions is increasing across major industries present worldwide such as healthcare, banking sector, and information technology. It is helping in improving business productivity by efficient and rapid data accessing.

Cloud analytics also acts as a cost-efficient solution, unlike the premise models. It helps in market growth since there is a massive amount of data generation at the industry level, and ensures efficient and high-speed data handling, maintenance as well as management.

Healthcare segment to grow at a rapid pace

On the basis of end-users, the market is segregated into retail, manufacturing, healthcare, government and defense, energy and utilities, transportation & logistics, telecommunications & IT, and others. The healthcare segment to expand at a rapid pace during the forecast period.

The advancement in medical technology, deployment of wearables and sensors based on IoT to monitor the patients, and launch of smart healthcare mobile options are some of the factors driving the segment growth. IoT analytics help the healthcare sector categorize their past medical data efficiently hence, maintaining records of the patients effectively.

North America dominates the global market

In terms of regions, the IoT analytics market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share in 2020 and is estimated to expand at a rapid growth rate during the forecast period. The presence of some key players such as Amazon Web Services, Microsoft Corporation, and Google Inc. and high investment in R&D activities are fueling the market growth in the region.

Segments

By Components

Software
- Sensor Data Analytics
- IoT Gateway Analytics
- Network Management
Services
- Deployment & Integration
- Support and Maintenance
- Managed Services
- Consulting Services

By Analytics Types

Predictive Analytics
Prescriptive Analytics
Descriptive Analytics

By Organization Sizes

Small and Medium enterprises
Large Enterprises

By Deployment Modes

Cloud
On-premise

By End-users

Retail
Manufacturing
Healthcare
Government and Defense
Energy and Utilities
Transportation & Logistics
Telecommunications & IT
others

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

IBM Corporation
Oracle
Dell
Google LLC
Amazon Web Services, Inc.
General Electric
Accenture
Cisco System, Inc.
Larsen and Toubro Infotech limited
SAP SE

Competitive Landscape

Key players in the IoT analytics market are IBM Corporation, Oracle, Dell, Google LLC, Amazon Web Services, Inc. General Electric, Accenture, Cisco System, Inc., Larsen and Toubro Infotech limited, and SAP SE.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IoT Analytics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. IoT Analytics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. IoT Analytics Market - Supply Chain
  4.5. Global IoT Analytics Market Forecast
     4.5.1. IoT Analytics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. IoT Analytics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. IoT Analytics Market Absolute $ Opportunity
5. Global IoT Analytics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. IoT Analytics Market Size and Volume Forecast by Types
     5.3.1. Predictive Analytics
     5.3.2. Prescriptive Analytics
     5.3.3. Descriptive Analytics
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global IoT Analytics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. IoT Analytics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global IoT Analytics Demand Share Forecast, 2019-2026
7. North America IoT Analytics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America IoT Analytics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America IoT Analytics Market Size and Volume Forecast by Types
     7.4.1. Predictive Analytics
     7.4.2. Prescriptive Analytics
     7.4.3. Descriptive Analytics
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America IoT Analytics Demand Share Forecast, 2019-2026
8. Latin America IoT Analytics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America IoT Analytics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America IoT Analytics Market Size and Volume Forecast by Types
     8.4.1. Predictive Analytics
     8.4.2. Prescriptive Analytics
     8.4.3. Descriptive Analytics
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America IoT Analytics Demand Share Forecast, 2019-2026
9. Europe IoT Analytics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe IoT Analytics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe IoT Analytics Market Size and Volume Forecast by Types
     9.4.1. Predictive Analytics
     9.4.2. Prescriptive Analytics
     9.4.3. Descriptive Analytics
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe IoT Analytics Demand Share Forecast, 2019-2026
10. Asia Pacific IoT Analytics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific IoT Analytics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific IoT Analytics Market Size and Volume Forecast by Types
     10.4.1. Predictive Analytics
     10.4.2. Prescriptive Analytics
     10.4.3. Descriptive Analytics
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific IoT Analytics Demand Share Forecast, 2019-2026
11. Middle East & Africa IoT Analytics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa IoT Analytics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa IoT Analytics Market Size and Volume Forecast by Types
     11.4.1. Predictive Analytics
     11.4.2. Prescriptive Analytics
     11.4.3. Descriptive Analytics
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa IoT Analytics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global IoT Analytics Market: Market Share Analysis
  12.2. IoT Analytics Distributors and Customers
  12.3. IoT Analytics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. IBM Corporation
     12.4.2. Oracle
     12.4.3. Dell
     12.4.4. Google LLC
     12.4.5. Amazon Web Services, Inc.
     12.4.6. General Electric
     12.4.7. Accenture
     12.4.8. Cisco System, Inc.

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