What is Sensor Data Analytics?
The global Sensor Data Analytics market is expected to witness high demand in the forecasted period due to the rise in the adoption of the Internet of Things (IoT). Sensor data analytics is an analytics platform built to analyze the data streamed or collected from sensors and IoT devices. Sensor data analytics works via an architecture with the sensor acting as the starting point, it collects data and transfers it to a data lake, a reservoir that stores data in its natural format. If data needs to be cleaned, groomed, and dressed for analysis, then it is transferred to a data warehouse. The rise in the market of Big Data analytics acts as a market driver of the market.
The market study is broken down by Type (Hardware [Camera, Satellite, Mike, Others], Software and Services [Consulting, Maintenance, Operation Services, Others]) and major geographies with country level break-up. According to AMA, the Global Sensor Data Analytics market is expected to see growth rate of 23.78%
The global Sensor Data Analytics market seems to be highly competitive due to the presence of already established market players. To increase the market share players are adopting various strategies such as technological innovative solutions. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Sensor Data Analytics market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tata Consultancy Services (India), SAP SE (Germany), AGT International Inc. (United States), HP Company (United States), IBM Corporation (United States), Cisco Systems (United States), Qualcomm Inc. (United States), Verizon Communications (United States), Microsoft Corporation (United States) and Schneider Electric SE (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Talend (United States).
AdvanceMarketAnalytics has segmented the market of Global Sensor Data Analytics market by Type, Application and Region.
On the basis of geography, the market of Sensor Data Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Organization Size, the sub-segment i.e. Small & Medium Orgnization will boost the Sensor Data Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Ad-hoc sensor data analytics will boost the Sensor Data Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Aerospace & Defense will boost the Sensor Data Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 11th January 2021 Tata Consultancy Services (TCS), a leading global IT service, consulting, and business solutions organization, has been recognized as a Leader in the IDC MarketScape: Worldwide Manufacturing Intelligence Transformation (IX) Overall and Strategic Consulting Services.
On 25th February 2019, SAP expands its commitment to IoT. With SAP Leonardo IoT, the intelligent technologies portfolio from SAP becomes an even more integral part of the Intelligent Enterprise.
- The introduction of Advance Sensor Data Analytics
- The growing demand for wearables across the globe
- The increase in concern over the needed to put the data in a quantified form
- The high demand due to the requirement of accuracy in data process management
- The introduction of IoT across the globe
- The upsurging demand from the developing countries
- The concern related to the high installation costs
- The concern related to lack of awareness as well as skills among end-users
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Tata Consultancy Services (India), SAP SE (Germany), AGT International Inc. (United States), HP Company (United States), IBM Corporation (United States), Cisco Systems (United States), Qualcomm Inc. (United States), Verizon Communications (United States), Microsoft Corporation (United States) and Schneider Electric SE (France) etc.
2. Can we have customized study for Sensor Data Analytics Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Sensor Data Analytics Market by 2026?
Analysts at AMA estimates Sensor Data Analytics Market to reach USD Billion by 2026.