DUBLIN--(BUSINESS WIRE)--The "Global Connected Devices Analytics Market (2021-2026) by Component, Device Connectivity, Application, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Connected Device Analytics Market is estimated to be USD 14.9 Bn in 2021 and is expected to reach USD 40.7 Bn by 2026, growing at a CAGR of 22.3%.
Key factors such as a rapid rise in remote monitoring of employees working from home during the Covid-19 crisis have necessitated a need for connected devices in different industry verticals. This has been a prominent driver for the overall connected devices analytics market growth. Also, the increased penetration of the internet and IoT devices has led to a demand for these solutions. The growing adoption of smart payment methods is additionally supporting the growth of the market.
Conversely, the lack of skilled force required to handle the latest software systems based on IoT & AI, lack of security is likely to hinder the market growth. The growing need to generate real-time insights that can be acted upon in real-time through IoT sensors data will create a tremendous opportunity for the connected devices market players.
The global connected devices analytics Market is segmented based on Component, Device Connectivity, Application, Deployment, Organization Size, Industry Vertical, and Geography.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Connected Device Analyitcs Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.
Market Dynamics
Drivers
- Increasing Focus on Remote Monitoring in Support of Work from Home Initiative
- Growing Adoption of Smart Payment Technologies
- Business Need to Build Digital Infrastructure for Large-Scale Deployments
- Rising Adoption of Technologies like Smart Payment
- The Increased Penetration of The Internet
- The Adoption of IoT Devices
Restraints
- Legacy Database Technologies Limiting IoT Product Integration
- Lack of Skilled Professional Workforce
Opportunities
- Real-Time Analytics Emerging as a Key Vital IoT Initiative
- Rising Internet Penetration and Adoption of IoT Devices
- Increasing Need for Remote Patient Care and Tracking Infected People in COVID-19 Pandemic Scenario
Challenges
- Cybersecurity Concerns
- The decline in Industrial Operation and Manufacturing Operations
Companies Mentioned
- Oracle Corporation
- Microsoft
- SAP SE
- IBM Corporation
- PTC
- AWS
- Cisco
- Adobe
- Teradata
- Hitachi
- HPE
- SAS Institute Inc.
- Software AG
- GE
- Cloudera
- Guavus
- SPLUNK
- Tibco Software
- Infor
- Salesforce.com
- Amazon.com
For more information about this report visit https://www.researchandmarkets.com/r/q4wmys
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November 26, 2021 at 07:36PM
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Global Connected Devices Analytics Market (2021 to 2026) - by Component, Device Connectivity, Application, Deployment, Organization Size, Industry Vertical and Geography - ResearchAndMarkets.com - Business Wire
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