IoT Analytics Market To Reach USD 70.07 Billion By 2026

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IoT Analytics Market To Reach USD 70.07 Billion
By 2026
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Market Size USD 9.60 Billion in 2018, Market
Growth - CAGR of 27.6, Market Trends The
increasing adoption of IoT in emerging nations.
Market Summary
The global IoT analytics market is forecast to
reach USD 70.07 Billion by 2026, according to a
new report by Reports and Data. IoT analytics is
the application for analyzing the data generated
from the connected IoT devices. The growing
adoption of IoT devices from different industries
for sharing of data and enhancing their
productivity with real-time monitoring is driving
the global IoT analytics market.

• Further key findings from the report suggest
• Software component held a market share of 58.9
  in the year 2018. Companies are using IoT
  analytics software tools to track the performance
  of devices/machinery, provide predictive
  maintenance recommendations, and have a better
  understanding of the unique data related to their
  devices such as motion, temperature, and sound.
• Predictive analytics is forecasted to hold 50.6
  of the market share in 2026. The IoT analytics
  model capture relationships among several factors
  to assess the risk associated with a set of
  conditions.
• Large enterprises held a larger market share of
  63.2 in the year 2018. Large enterprises have
  several operating units, and IoT analytics helps
  these enterprises to integrate historical and
  real-time data.

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Market Summary
Key Players
Microsoft Corporation, IBM, Cisco, Amazon Web
Services, Oracle, Dell Technologies, Hitachi,
Salesforce.Com, PTC, Mnubo, and Google, among
others.
Segmentation
Component Outlook (Revenue USD Billion
2016-2026) Software Services Analytics Time
Outlook (Revenue USD Billion 2016-2026) Predicti
ve Analytics Prescriptive Analytics Descriptive
Analytics
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Market Summary
Regional Outlook for IoT Analytics Market
analyses the following geographies North
America (United States, Canada, and
Mexico) Europe (Germany, France, UK, Russia, and
Italy) Asia-Pacific (China, Japan, Korea, India,
and Southeast Asia) South America (Brazil,
Argentina, Colombia, etc.) Middle East and Africa
(Saudi Arabia, UAE, Egypt, Nigeria, and South
Africa) Deployment Mode Outlook (Revenue USD
Billion 2016-2026) On-Premises Cloud End Users
Outlook (Revenue USD Billion 2016-2026) Retail M
anufacturing Healthcare
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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