Dublin, Jan. 02, 2024 (GLOBE NEWSWIRE) — The “Internet of Things (IoT) Analytics – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Internet of Things (IoT) Analytics Market to Reach $166.5 Billion by 2030
The global market for Internet of Things (IoT) Analytics estimated at US$24.8 Billion in the year 2022, is projected to reach a revised size of US$166.5 Billion by 2030, growing at a CAGR of 26.9% over the analysis period 2022-2030.
Manufacturing, one of the segments analyzed in the report, is projected to record 30% CAGR and reach US$55.9 Billion by the end of the analysis period. Growth in the Energy & Utilities segment is estimated at 25.7% CAGR for the next 8-year period.
The content provided covers two main topics: geothermal power and influencer market insights. In the geothermal power section, it discusses the growing role of geothermal energy in the transition to clean energy, its advantages, technologies used for harnessing it, and the associated costs and financing aspects. It also touches on the impact of COVID-19 on geothermal development and provides an overview of the global market outlook, including geothermal power installed capacity and patent activity.
In the influencer market insights section, it addresses the effects of COVID-19 and a potential global recession, emphasizes the significance of analytics and IoT analytics for growth, highlights the dominance of the United States in the market, identifies manufacturing as the largest end-use industry, and provides insights into competitors’ market share and competitive presence.
The U.S. Market is Estimated at $8.4 Billion, While China is Forecast to Grow at 31.1% CAGR
The Internet of Things (IoT) Analytics market in the U.S. is estimated at US$8.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2030 trailing a CAGR of 31.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22% and 22.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28.1% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 484 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $24.8 Billion |
| Forecasted Market Value (USD) by 2030 | $166.5 Billion |
| Compound Annual Growth Rate | 26.9% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Growing IoT Ecosystem, the Cornerstone for Growth in the Market
- Why IoT Investments Are Hot?
- Analytics and Data Science for IoT Takes a Quantum Leap Against the Backdrop of the Rapidly Expanding IoT Ecosystem
- As Connecting With IoT Becomes Vital to Digital Survival & Transformation, Analytics Emerges as the Backbone for IoT Value Creation: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
- Deluge of IoT Big Data, a Fallout of the Growing IoT Ecosystem, Amplifies the Importance & Value of Analytics
- The Pressure on Delivering ROI on IoT Investments Intensifies
- Explosion of IoT Big Data Catalyzes the Need for Analytics for Insight Generation Needed for Informed Decision-Making & Value Creation
- Growing IoT Connected Devices Per Capita Opens the Data Pipe for Free Flow of Big Data: Global Number of Per Capita Connected Devices by Geographic Region for the Years 2018 and 2022
- Extracting Insights from Data Holds the Key to Higher Profitability & ROI on IoT Investments & This is Where Analytics Steps-In
- Analytics Receives New Significance as IoT Ecosystems Evolve & Data Growth Spirals, Making Aggregation & Analysis Buzzwords for IoT Success & Value Creation: Global Market for Data Analytics (In US$ Billion) by Type for the Years 2018 and 2023
- Asset Management & Maintenance to Bring in Huge Revenue Opportunities for Predictive & Prescriptive IoT Analytics
- Robust Global Opportunity in Enterprise Asset Management Strengthens the Business Case for IoT Asset Management
- Cloud-Based Solutions, the Preferred Deployment Model for IoT Analytics
- Hybrid IoT Analytics: Combining the Best of Cloud-based IoT Analytics and Analytics at the Edge
- As Cloud Emerges to be Future of All Enterprise IT Deployments, IoT Analytics as a Cloud Service Will Become a Mainstream Service Innovation in the Coming Years
- Rise of Smart Cities & Focus on Smart Energy Management Opens Up Opportunities for IoT Analytics
- Proliferation of Smart Meters Expands the Role of IoT & Analytics for Smart Meter Data Visualization
- Growing Deployment of IoT in Retail & eCommerce Industry Drives the Need for IoT Analytics
- While Focus on Improved Purchase Experience Drives Use of IoT in the Retail Industry, Need for ROI Conversions on Investments Expands Opportunity for Analytics
- With Innovation & Efficiency Becoming Vital to Manufacturing Success, IoT & Analytics Become Critical in Value Creation
- Growing Investments in IoT by Manufacturing Firms Turns the Focus on Making IoT Deliver Business Value Via Analytics
- Rising Connected Car Trend Drives Applications of IoT & Analytics in the Automotive Industry
- With IoT Playing a Key Role in Enabling the Connected Car Revolution, Leveraging Data Created by IoT Systems Becomes Crucial for Auto OEMs to Generate Serious ROI: Data Generated by Connected Cars Per Hour, Per Year and Per Sensor Type
- With Growing Number of Transportation Companies Leveraging IoT for Smart Fleet Management, IoT Analytics Takes Center Stage
- Increased Spending on Smart Fleet Management Turns Up the Pressure to Accelerate Return on Investment (ROI) from IoT initiatives: Global Smart Fleet Management Market (In US$ Billion) for the Years 2018, 2022 and 2024
- Predictive Analytics for IoT Remains Widely Popular in Machine & Equipment Maintenance
- Prescriptive Analytics to Witness Higher Adoption in the Long-Term Supported by Added Decision-Support Benefits
- Sensor Data Analytics Remains Critical in Monitoring IoT Devices
- Robust Shipments of IoT Sensors Evidenced by the Large IoT Sensor Market Highlights the Need for On-the-Fly Analysis of Rapidly Moving Big Data Across Sensor Networks
- Migration to Value Based Care & the Ensuing Adoption of IoT to Open Up New Growth Avenues for IoT Analytics in the Healthcare Industry
- The Present and the Future Prospects of IoT in Healthcare
- Penetration of IoT in Myriad Areas of Healthcare Expands the Addressable Market Opportunity for IoT Analytics
FOCUS ON SELECT PLAYERS (Total 65 Featured)
- Cisco Systems, Inc.
- AT&T, Inc.
- Accenture PLC
- Amazon Web Services, Inc.
- Capgemini SE
- Bosch Group
- Aeris Communications, Inc.
- Cloudera, Inc.
- Avanade, Inc.
- Bosch Software Innovations GmbH
- Agt International GmbH
- Ayla Networks, Inc.
- Altizon Systems Pvt., Ltd.
- Arbela Technologies Corporation
- Adapsense Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ybtsvu
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- Internet of Things (IoT) Analytics Market
