Scope of the Study
Analytics of Things (AoT) is the next step for Organizations implementing IoT. It conducts analytics on the data generated by IoT. IoT alone does not make sense as without conducting analytics, mere data collection will be of little use. Increase in rapidly changing technology and social media, Internet, and mobile utility, owing to the tremendous demand for analytics by various organizations is driving the Global AoT market. Further, There is a growth in massive data is mainly due to rise in the number of channels such as mobile computing, IoT, and social media which is leading to increased adoption of IoT enabled devices.
The market study is being classified by Type (Software and Service), by Application (Energy Management, Security and Emergency Management, Building Automation, Infrastructure Management and Others) and major geographies with country level break-up. According to AMA, the Global Analytics of Things market is expected to see growth rate of 29.3%
Cisco Systems (United States), Microsoft Corporation ((United States), SAP SE (Germany), Intel Corporation (United States), IBM Corporation (United States), Capgemini (France), TIBCO Software (United States), AGT International (Germany) and Google, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hewlett Packard Enterprise Company (United States), Dell Technologies, Inc. (United States), Amazon Web Services (United States), Salesforce.com, Inc. (United States) and Teradata Corporation (United States).
The Global Analytics of Things market is fragmented with several regional and international players. The healthcare and life sciences segment are projected to grow in the forecast period as AoT provides real-time alerts to doctors and help them in data monitoring and gaining actionable insights. Moreover, Companies are making strategic collaborations to improve the efficiency of AoT for instance, in 2017, SAS and Cisco unveiled the Cisco SAS Edge-to-Enterprise IoT Analytics Platform. It brings together all the hardware and software needed to analyze IoT data so customers do not need to build an IoT platform from scratch Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Analytics of Things market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Analytics of Things market by Type, Application and Region.
On the basis of geography, the market of Analytics of Things 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 2018. Asia Pacific 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 End users, the sub-segment i.e. Retail and E-Commerce will boost the Analytics of Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Managed Services will boost the Analytics of Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software, the sub-segment i.e. Sensor Data Analytics will boost the Analytics of Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Frequency of End-to-End Automation Process
- Rising Number of Connected Device
- Soaring Need for Advanced Technology
- Ease of Deployment and Reduced Cost of Components
- Facilitates Analysis of Large Amount of Data Generated by IoT
- Lack of Skilled Professional and Real-time algorithms
- Increasing Demand for IoT and Demand for Instant Information
- Big Organizations Investing in Advanced Technology and Skilled Human Resources
- Concerns Regarding Data Security & Privacy
May 2018, AGT International has created a world-class Artificial Intelligence (AI) and Internet of Things (IoT) platform that redesigns the way we understand people, things, and entire physical environments. The IoTA platform, which now runs on top of Amazon Web Services, establishes a new category of AI applications based on IoT: It can process and fuse data from a large variety of sensors in real-time.
Key Target AudienceRaw Material Providers, Service Providers and Distributors, Analytics of Things Application Builders, Independent Software Vendors, Analytics Consulting Companies, Market Research and Consulting Firms, Solution Providers, Intellectual Property Core and Licensing Providers, Technology Standards Organizations, Technology Investors, Research Institutes, System Integrators and Research/Consultancy Firms
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