Connected
devices collect huge amounts of data, and talohese devices are equal in value
to the vital information which they gather. The number of such devices is rising
on account of the increasing demand for IoT services in several sectors for various
applications. Thus, the connected device analytics market is enabling companies
to create platforms and services which allow them to efficiently manage and
analyze real-time data streams from various data sources. The emphasis towards
remote work monitoring, time tracking is broadly rising as it is a crucial tool
among organization which propel revenue and productivity among organization.
The spread of corona virus enhances the work from home trend among companies
and this result in higher deployment of remote monitoring technology. The
adoption of technologies such as machine learning, IoT, artificial intelligence
and analytics is rising and this accelerate growth in connected device
analytics market during forecast period. In addition, the remote monitoring assists
in enhancing teamwork capability of working with better and enhanced work
productivity. There are several industrial verticals such as manufacturing, energy
& utilities, aviation, logistics and other verticals are utilizing
connected device analytics. These verticals are facing difficulties in managing
asset tracking and maintaining minimized cost. The deployment of connected
device analytics is highly growing with increase in the adoption of remote
monitoring and other technologies. This propels the growth in connected device
analytics market over forecast period. However, the dearth of highly qualified
personnel for the adoption of technology impedes the growth of the connected
devices analytics market.
Furthermore,
the rising awareness of the requirement to produce real-time insights which can
be acted upon in real time through IoT sensors data will create an enormous
opportunity for businesses to remain in the digital transformation environment.
Organizations among consumer, industrial and enterprise sectors are quickly estimating
and implementing programs to ascertain immediate value from the IoT to emphasize
on cost reduction, maintenance and monitoring to collect real-time services for
timely decision-making. Organizations produce a huge volume of unorganized
data, which creates difficulties in making vital business decisions. These
complexities arise owing to the rising use of cloud-based applications, machines,
sensors, mobile devices and IoT, such as smart homes device and Point-of-Sale
(PoS) machines.
The
global Connected Device Analytics Market is segregated on the basis of
component as Software and Services. Based on Deployment Model the global Connected
Device Analytics Market is segmented in On-Premises and Cloud. Based on Enterprise
Size the global Connected Device Analytics Market is segmented in Large
Enterprises and Small & Medium Enterprises. Based on Application the global
Connected Device Analytics Market is segmented in Security & Emergency
Management, Sales & Customer Management, Inventory Management, Remote
Monitoring, Building Automation and Others. Based on End User the global Connected
Device Analytics Market is segmented in BFSI, IT & Telecom, Manufacturing, Healthcare
and Others.
The
global Connected Device Analytics Market report provides geographic analysis
covering regions, such as Europe, North America, Asia Pacific, and Rest of The
World. The Connected Device Analytics Market for each region is further
segmented for major countries including the U.S., Canada, Germany, the U.K.,
France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
IBM
Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Amazon.com,
Inc., and others are among the major players in the global Connected Device
Analytics Market. The companies studied in terms of product strategy and
various n several growth and expansion strategies to gain a competitive edge in
the market. The major players not only follow value chain integration with
business operations in multiple stages of the value chain.
- In June
2020, Microsoft acquired CyberX to solve the issues of customers by providing
customers visibility into IoT devices which are connected to their networks and
manage the security on the current IoT devices.
- In June
2020, IBM and Siemens collaborated to provide a service life cycle management
solution. The solution integrates elements of Siemens’ Xcelerator portfolio and
IBM Maximo to continuously enhance product performance, maintenance and
operations. The solution also allows OEMs to obtain critical data regarding
asset performance, maintenance, and failures in the field.
- In June
2020, PTC introduced the latest version of its market-leading ThingWorx IIoT
platform. ThingWorx 9.0 will provide new and additional features to help industrial
companies create, customize, implement and scale their solutions.
- In June
2018, IBM acquired Oniqua to improve its leading IoT capabilities for helping
businesses proactively maintain crucial assets.
The global Connected Device Analytics Market has
been segmented as below:
Connected
Device Analytics Market, By Component
Connected
Device Analytics Market, By Deployment Model
Connected
Device Analytics Market, By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
Connected
Device Analytics Market, By Application
- Security & Emergency Management
- Sales & Customer Management
- Inventory Management
- Remote Monitoring
- Building Automation
- Others
Connected
Device Analytics Market, By End User
- BFSI
- IT & Telecom
- Manufacturing
- Healthcare
- Others
Connected
Device Analytics Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Connected
Device Analytics Market, By Company
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Amazon.com, Inc.
- General Electric (GE) Co.
- Google, Inc.
- Salesforce.com, Inc.
- Adobe, Inc.
- Hewlett Packard Enterprise Company
- Hitachi, Ltd.
- Arundo Analytics
- Iguazio
- Cloudera
- TIBCO Software
The
report covers the below scope:
- Global Connected Device Analytics
Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Connected Device Analytics
Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Connected
Device Analytics Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Connected Device Analytics Market report
scope includes detailed study covering underlying factors influencing the
industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Connected Device
Analytics Market share. Major industry players with significant revenue share
include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE,
Amazon.com, Inc., and others.
Why to
Buy this Report:
- Gain detailed insights on the Connected Device Analytics industry trends
- Find complete analysis on the
market status
- Identify the Connected Device
Analytics Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement