HOME › Press Releases › Analytics of Things Market worth 22.65 Billion USD by 2021
Analytics of Things Market worth 22.65 Billion USD by 2021
The report "Analytics of Things Market by Application (Predictive Maintenance & Asset Management, Security & Emergency Management, Remote Monitoring), Software (Sensor Data Analytics, IoT Gateway Analytics), Service, Vertical & Regions - Global Forecast to 2021", The Analytics of Things market is estimated to grow from USD 4.85 Billion in 2016 to USD 22.65 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.53%. The major forces driving the Analytics of Things market are making IoT & its data more efficient, and end-to-end automation. The Analytics of Things market is growing rapidly because of the increasing number of connected devices, large amount of data generated through the connected devices and massive surge of flowing structured and unstructured data.
Browse 75 market data Tables and 41 Figures spread through 149 Pages and in-depth TOC on "Analytics of Things Market by Application (Predictive Maintenance & Asset Management, Security & Emergency Management, Remote Monitoring), Software (Sensor Data Analytics, IoT Gateway Analytics), Service, Vertical & Regions - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
Inventory management application is expected to grow at the highest CAGR
Analytics of Things solutions are used for various applications such as energy management, predictive maintenance & assets management, inventory management, security & emergency management, sales & customer management, building automation, infrastructure management, and remote monitoring. Inventory management is expected to witness the highest CAGR during the forecast period because of the increasing need for resolving inventory and stocking related issues in real-time.
Healthcare vertical is expected to have the largest market size in 2016
The Analytics of Things market is also segmented by various industry verticals with the healthcare vertical expected to witness the highest adoption of Analytics of Things software and service and implementation of Analytics of Things in the healthcare industry enables to connect any wearable or portable device to the cloud, pull and analyze collected patient data in real-time, monitor patients at home using live video and monitor vital health indicators collected by portable devices such as smartphones and tablets, set intelligent emergency notifications sent to a physician or family, charts and diagram visualization based on data collected.
North America is expected to dominate the Analytics of Things market during the forecast period
North America is expected to hold the largest share of the Analytics of Things market in 2016 due to the technological advancements and early adoption of analytics in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India