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  • 7 February 2019 23:07

Internet Of Things (IoT) Analytics Market - What Factors will drive the Market in Upcoming Years?

Global Internet of Things (IoT) Analytics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Interpretation and analysis of data that is collected over internet of things (IoT) devices and systems is called as IoT analytics.

Major factors driving of the global internet of things (IoT) analytics market are increasing adoption of smart applications and real-time solutions in various sectors. In addition, rising adoption of internet of things devices and big data services is another factor driving growth of the global internet of things (IoT) analytics market.

The global internet of things (IoT) analytics market is segmented on the basis of organization size, deployment type, industry vertical, and region. On the basis of organization size, the global market is segmented into small & medium enterprises (SMEs) and large enterprises. The small & medium enterprises segment is expected to witness highest growth over the forecast period.

On the basis of deployment type, the global market is segmented into on premise and cloud. The on premise segment accounts for highest market share and the cloud segment is expected witness highest growth over the next 10 years. On the basis of vertical, the global market is segmented into manufacturing, retail and eCommerce, government and defense, healthcare and life sciences, energy and utilities, telecommunications and it, transportation and logistics, and others. The manufacturing segment accounts for highest market share; whereas the retail and eCommerce sector is expected to witness highest growth over the forecast period.

On the basis or region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America internet of things (IoT) analytics market accounts for highest market share in the global market. The Asia Pacific internet of thing (IoT) analytics market is expected to witness fastest growth in the global market and is expected to register highest CAGR over the forecast period.

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