Connected Device Analytics Market Size, Share, Growth, Demand, Top Manufacturers and Forecast by 2029
The research and analysis conducted in the finest Connected Device Analytics Market report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This business report has been designed in such a way that it provides very evident understanding of the business environment and this industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Connected Device Analytics market research report is provided that cover many work areas.
A group of energetic, dynamic and talented specialists, and researchers take endeavours with full responsibility to give an outright Connected Device Analytics Market research report. This market report is assessed utilizing accurate and intelligent models. Every possible effort has been considered while investigating and scrutinizing data to set up this market research report. This industry analysis report is a detailed portrayal of the market scenarios which introduces a mix of research mastery and business methodologies. The world class Connected Device Analytics Market report is generated with a nice combination of advanced industry insights, practical solutions, talent solutions and the use of latest technology which gives an excellent user experience.
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Connected device analytics market size is valued at USD 73.71 billion by 2028 is expected to grow at a compound annual growth rate of 22.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on connected device analytics provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The rise in the focus on remote monitoring in support of work from home (WFM) initiative is expected to influence the growth of connected device analytics market over the forecast period of 2021 to 2028. Also the increase in the adoption of smart payment technologies and rise in the business need to build digital infrastructure for large-scale deployments are also anticipated to flourish the growth of the connected device analytics market. Furthermore, the rise in the penetration of the internet and IoT devices is also likely to positively impact the growth of the market. Moreover, the rise in the investments in developments of various smart infrastructures and smart cities and the rise in the government support for regulatory compliance are also expected create a huge demand for connected device analytics as well as lifting the growth of the connected device analytics market.
However, the legacy database technologies restraining IoT product integration and dearth of skilled professional workforce are expected to act as the major limitations for the growth of connected device analytics in the above mentioned forecasted period, whereas the rise in the cyber security concerns and decline in industrial operation and manufacturing operations can challenge the connected device analytics market growth in the forecast period of 2021 to 2028.
The market was studied using several marketing methodologies such as Porter’s Five Forces Analysis, player positioning analysis, SWOT analysis, market share analysis, and value chain analysis in the Connected Device Analytics market study. The market dynamics and factors such as the threat of a Connected Device Analytics substitute, the threat of new entrants into the Connected Device Analytics market, buyer bargaining power, supplier bargaining power to Connected Device Analytics providing companies, and internal rivalry among Connected Device Analytics providers are analysed in Porter’s Five Forces analysis to provide the report’s readers with a detailed view of the current market dynamics.
This analysis assists report users in evaluating the Connected Device Analytics market based on various parameters such as economies of scale, switching costs, brand loyalty, existing distribution channels, capital investments, manufacturing rights & patents, government regulations, advertising impact, and consumer preference impact. This simplified data is expected to aid the industry’s key decision-makers in their decision-making process. Furthermore, this study answers the crucial question of whether or not new entrants should enter the Connected Device Analytics industry.
Some of the features of Connected Device Analytics Market Report: Trends, Forecast, and Opportunity Analysis include:
- Market size estimates: Connected Device Analytics market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market Trends and Forecast by application.
- Segmentation analysis: Market size by various segments such as by Connected Device Analytics type, installation, range, component, service, application, and region.
- Regional analysis: Connected Device Analytics market breakdown by North America, Europe, Asia Pacific, and the Rest of the World
- Growth opportunities: Analysis on growth opportunities in different applications and regions for Connected Device Analytics in the Connected Device Analytics market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for, Connected Device Analytics in the Connected Device Analytics market.
- Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
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Leading Key Players Operating in the Connected Device Analytics Market Includes:
The major players covered in the connected device analytics market report are Microsoft, Oracle, SAP SE, IBM, Amazon Web Services, Inc., Cisco Systems, Inc., Google, Adobe, Teradata, Hitachi, Ltd., Hewlett Packard Enterprise Development LP, SAS Institute Inc., Software AG, GE DIGITAL, TIBCO Software Inc., Cloudera, Inc., QlikTech International AB, Splunk Inc., Infor and ARUNDO among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Segments:
- Connected device analytics market is segmented on the basis of component into solution and services. Services have further been segmented into professional services and managed services. Professional services have further been sub-segmented into consulting, integration and deployment and support and maintenance.
- Based on device connectivity, the connected device analytics market is segmented into wireless personal area networks, wireless local area networks, low-power wide area networks, cellular/machine to machine and wired.
- On the basis of deployment mode, the connected device analytics market is segmented into on-premises and cloud. Cloud has further been segmented into public cloud, private cloud and hybrid cloud.
- Based on organization size, the connected device analytics market is segmented into large enterprises and small and medium-sized enterprises.
- On the basis of application, the connected device analytics market is segmented into security and emergency management, sales and customer management, remote monitoring, predictive maintenance and asset management, inventory management, energy management, building automation and others. Others have further been segmented into IT infrastructure management, product and process management and cost optimization.
- The end user segment of the connected device analytics market is segmented into manufacturing, transportation and logistics, energy and utilities, retail and e-commerce, BFSI, healthcare and life sciences, government and defense and others. Others have further been segmented into education, media and entertainment and travel and hospitality.
Connected Device Analytics Market, By Region:
The countries covered in the Connected Device Analytics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The country section of the Connected Device Analytics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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