IoT Analytics Market Size to Grow by USD 49.04 Bn, Vendors to Deploy Organic and Inorganic Growth Strategies - Technavio
NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The Internet of things (IoT) analytics market is fragmented and includes various international players and a few small-scale industries regionally. Vendors are deploying organic and inorganic growth strategies to compete in the market. They are focusing on innovation to retain their market share. The market requires innovation, which is a threat to new entrants. The threat of rivalry is very high among players, as the market is dominated by a few large global players. Many companies are focusing on M&A to enhance their market share and geographical reach. Moreover, companies should sustain themselves in the competitive market in terms of pricing and data accuracy.
The IoT analytics market size is expected to grow by USD 49.04 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 27.48% during the forecast period, according to Technavio.
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IoT Analytics Market 2022-2026: Scope
The IoT analytics market report covers the following areas:
Accenture Plc, Aeris Communications Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., IoT Analytics GmbH, Micro Focus International Plc, Microsoft Corp, Oracle Corp., PTC Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, and Teradata Corp. are among some of the major market participants.
APAC will account for 34% of the market's growth during the forecast period. This growth is attributed to factors such as an influx of SMEs and the fast adoption of technologies across industries. Moreover, market growth in this region will be faster than the growth of the market in other regions. China and Japan are the key countries for the IoT analytics market in APAC.
IoT Analytics Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist IoT analytics market growth during the next five years
Estimation of the IoT analytics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the IoT analytics market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of IoT analytics market vendors
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IoT Analytics Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 27.48%
Market growth 2022-2026
USD 49.04 billion
Market structure
Fragmented
YoY growth (%)
25.23
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 34%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Accenture Plc, Aeris Communications Inc., Amazon.com Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., IoT Analytics GmbH, Micro Focus International Plc, Microsoft Corp, Oracle Corp., PTC Inc., Salesforce Inc., SAP SE, SAS Institute Inc., Software AG, and Teradata Corp.
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 140: International Business Machines Corp. - Overview
Exhibit 141: International Business Machines Corp. - Business segments
Exhibit 142: International Business Machines Corp. - Key offerings
Exhibit 143: International Business Machines Corp. - Segment focus
11.9 Microsoft Corp
Exhibit 144: Microsoft Corp - Overview
Exhibit 145: Microsoft Corp - Business segments
Exhibit 146: Microsoft Corp - Key news
Exhibit 147: Microsoft Corp - Key offerings
Exhibit 148: Microsoft Corp - Segment focus
11.10 Oracle Corp.
Exhibit 149: Oracle Corp. - Overview
Exhibit 150: Oracle Corp. - Business segments
Exhibit 151: Oracle Corp. - Key news
Exhibit 152: Oracle Corp. - Key offerings
Exhibit 153: Oracle Corp. - Segment focus
11.11 PTC Inc.
Exhibit 154: PTC Inc. - Overview
Exhibit 155: PTC Inc. - Business segments
Exhibit 156: PTC Inc. - Key offerings
Exhibit 157: PTC Inc. - Segment focus
11.12 SAP SE
Exhibit 158: SAP SE - Overview
Exhibit 159: SAP SE - Business segments
Exhibit 160: SAP SE - Key news
Exhibit 161: SAP SE - Key offerings
Exhibit 162: SAP SE - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
12.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
12.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
12.5 List of abbreviations
Exhibit 168: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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