It is estimated that the global IoT analytics market will rise from US$9.1 billion in 2018 to US$58.4 billion by 2025, with a CAGR of 30.9 per cent during the forecast period. Smart homes, smart cities, and smart factories also are rapidly driving the growth of the worldwide IoT analytics market. Several policymakers around the world are spending heavily in smart city growth, which also increases the demand for IoT devices, and as the numbers of IoT products increases the need for information analysis is also important to anticipate users' requirements.

Also Read: [FURL]https://www.marketwatch.com/press-release/iot-analytics-market-to-perceive-a-309-cagr-despite-slowdown-following-covid-19-pandemic-2020-06-02?mod=mw_quote_news /[/FURL]

Regional Overview

It is expected that the global demand for IoT analytics will expand at a rapid rate during the 2019-2025 forecast period. The worldwide IoT analytics market regional analysis is carried out for regions such as Europe, North America, Asia-Pacific, MEA, and South America. Due to the existence of different industries, like manufacturing, retail and eCommerce, healthcare & life sciences, and telecom & information technology, North America is projected to lead the IoT analytics markets during forecast period. In addition, the area is well-established infrastructure that covers smart homes and smart industries, allowing businesses to build new IoT analytics technologies and systems for integrated compatibility.

Segmentation:

The global [FURL=https://www.marketresearchfuture.com/reports/iot-analytics-market-1757/]IoT analytics market share[/FURL] has been segmented on the basis of key market categories. Based on components, the market has been segmented into software and service. By deployment, the market is further segmented into on-premise and on-cloud deployment solutions available in the IoT analytics market. Additionally, the market is then segmented into analytics type. The category covers prescriptive analytics, predictive analytics, and descriptive analytics areas. Based on applications predictive maintenance, energy management, asset management, security and emergency management, inventory management, sales and customer management, information technology infrastructure management, and remote monitoring are the key application segments covered in the report. Based on industry verticals the report covers manufacturing, government and defense, retail and ecommerce, healthcare and life sciences, telecommunications and information technology, energy and utilities, logistics and transportation categories among others. Lastly, the segmental analysis of the global IoT analytics market by organization size covers SMEs and large enterprises.