April 20, 2024

Global Strategic Internet of Things (IoT) Analysis

Dublin, Jan. 02, 2024 (GLOBE NEWSWIRE) — The “Internet of Things (IoT) Analysis – 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 Internet of Things (IoT) analytics market, estimated at $24.8 billion in 2022, is projected to reach a revised size of $166.5 billion by 2030, growing at a annual compound of 26.9% during the analysis period 2022-2030.

Manufacturing, one of the segments analyzed in the report, is expected to register a CAGR of 30% and reach $55.9 billion by the end of the analysis period. The growth in the Energy and Utilities segment is estimated to be 25.7% CAGR for the next period of 8 years.

The content provided covers two main topics: geothermal energy and influencer market insights. The geothermal energy section analyzes the growing role of geothermal energy in the transition to clean energy, its advantages, the technologies used to harness it, and the associated costs and financial aspects. It also addresses the impact of COVID-19 on geothermal development and provides an overview of global market prospects, including installed geothermal energy capacity and patent activity.

In the insights section on the influencer market, it addresses the effects of COVID-19 and a possible global recession, emphasizes the importance of IoT analytics and analytics for growth, highlights the dominance of the United States in the market, identifies manufacturing as the largest final sector. He uses the industry and provides information on the market share and competitive presence of competitors.

The US market is estimated at $8.4 billion, while China is expected to grow at a CAGR of 31.1%.

The Internet of Things (IoT) analytics market in the US is estimated to reach $8.4 billion by 2022. China, the world’s second-largest economy, is expected to reach a market size projected $13.9 billion by 2030, following a CAGR. 31.1% during the analysis period 2022 to 2030. Other geographic markets worth mentioning include Japan and Canada, each of which is projected to grow by 22% and 22.9% respectively during the period 2022-2030. Within Europe, Germany is projected to grow at a CAGR of approximately 28.1%.

What’s new?

  • Special discussions on the global economic climate and market sentiment
  • Coverage of global competitiveness and percentage market shares of key competitors.
  • Market presence analysis in multiple geographies: strong/active/niche/trivial
  • Online peer-to-peer interactive collaborative custom updates
  • Access to digital archives and trademarked research platform.
  • Free updates for one year.
  • Access to transcripts of curated YouTube videos on market sentiments shared by CEOs, domain experts and market influencers through interviews, podcasts, press releases 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
Forecast market value (USD) for 2030 $166.5 billion
Compound annual growth rate 26.9%
Regions covered Global

MARKET TRENDS AND DRIVERS

  • The growing IoT ecosystem, the cornerstone of market growth
  • Why are investments in IoT fashionable?
  • Analytics and data science for IoT take a quantum leap in the context of the rapidly expanding IoT ecosystem
  • As connecting with IoT becomes vital for digital survival and transformation, analytics emerges as the backbone for IoT value creation: Global IoT Market (Billion US Dollars) by Industry by Years 2018 and 2022
  • The flood of IoT big data, a consequence of the growing IoT ecosystem, amplifies the importance and value of analytics
  • Pressure intensifies to generate return on investment in IoT
  • The IoT Big Data explosion catalyzes the need for analytics to generate insights needed for informed decision making and value creation.
  • The increase in IoT connected devices per capita opens the data channel for the free flow of Big Data: global number of connected devices per capita by geographic region for the years 2018 and 2022
  • Extracting information from data is the key to greater profitability and ROI on IoT investments and this is where analytics comes in.
  • Analytics takes on new importance as IoT ecosystems evolve and data growth accelerates, making aggregation and analytics buzzwords for IoT success and value creation: Global Analytics Market data analysis (in billion US dollars) by type for the years 2018 and 2023
  • Asset management and maintenance to generate huge revenue opportunities for IoT predictive and prescriptive analytics
  • Strong Global Opportunity in Enterprise Asset Management Strengthens 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 edge analytics
  • As the cloud emerges as the future of all enterprise IT deployments, IoT analytics as a cloud service will become a widespread service innovation in the coming years.
  • The rise of smart cities and focus on smart energy management opens opportunities for IoT analytics
  • Smart meter proliferation expands role of IoT and analytics for smart meter data visualization
  • Increasing implementation of IoT in the retail and e-commerce industry drives the need for IoT analytics
  • While the focus on improving the shopping experience drives the use of IoT in the retail industry, the need for ROI conversions on investments expands the opportunities for analysis
  • As innovation and efficiency become vital to manufacturing success, IoT and analytics become critical in creating value
  • Growing investments in IoT by manufacturing companies focus attention on making IoT deliver business value through analytics
  • Growing connected car trend drives IoT and analytics applications in automotive industry
  • With IoT playing a key role in enabling the connected car revolution, leveraging the data created by IoT systems becomes crucial for automotive OEMs to generate a significant return on investment: data generated by connected cars per hour, per year and per sensor type
  • With an increasing number of transportation companies leveraging IoT for intelligent fleet management, IoT analytics takes center stage
  • Rising Spending on Smart Fleet Management Increases Pressure to Accelerate Return on Investment (ROI) of IoT Initiatives: Global Smart Fleet Management Market (in Billion USD) by 2018, 2022, and 2022 2024
  • Predictive analytics for IoT remains very popular in machine and equipment maintenance
  • Prescriptive analytics to see greater long-term adoption backed by additional decision support benefits
  • Sensor data analysis remains essential for monitoring IoT devices
  • Strong IoT sensor shipments, evidenced by the large IoT sensor market, highlight the need for on-the-fly analysis of fast-moving big data across sensor networks
  • The migration to value-based care and the subsequent adoption of IoT to open new avenues of growth for IoT analytics in the healthcare industry
  • The present and future perspectives of IoT in healthcare
  • IoT Penetration into Countless Areas of Healthcare Expands Addressable Market Opportunity for IoT Analytics

FOCUS ON SELECTED 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 on this report, please visit https://www.researchandmarkets.com/r/ybtsvu

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