[FURL=https://www.industryarc.com/Research/Iot-Analytics-Market-Research-500654]IoT Analytics Market[/FURL] Global is forecast to reach $8.2 Billion by 2025, growing at a CAGR of 23.7% during the forecast period from 2020 to 2025. Rising Growth of IoT data as well as growing adoption from medical sector areacting as major drivers towards significant market growth of IoT analytics. Moreover, rising automation across industries as well as growing demands towards real time data is also propelling the demands towards IoT analytics market. Technological advancements and growth of connected devices are also driving the market demands for efficient IoT analytics.Key Takeaways
Cloud analytics is expected to have a significant market growth during the forecast period in IoT analytics due to its capabilities of providing efficient data management and high scalability feature.
Key market players such as Microsoft Corporation and Amazon Web Services have been helping towards significant market growth of IOT analytics in North America.
Rising volume of IoT data along with high adoption from medical industry are some of the major driving factors towards significant growth of IoT analytics market.
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IoT Analytics Market Segment Analysis - By Geography
North America is expected to have a major growth in the global IoT analytics market during the forecast period from 2020 to 2025. Presence of some key players such as Amazon Web Services, Microsoft Corporation and Google Inc.are acting as major drivers for the growth of IoT analytics market. High investments towards research and development activities along with growing adoption of advanced technologies such as cloud, IoT and many others have been fuelling the market growth for IoT analytics in this region. Moreover, Microsoft and SAS recently entered into a strategic partnership to help their customers accelerate the business growth through combing of SAS analytics offerings within Microsoft Azure. Such partnerships have also been creating major opportunities towards IoT analytics market.
IoT Analytics Market Segment Analysis Drivers
Rising demands due to growing IoT data :
Growing adoption from medical sector :
IoT Analytics Market Landscape : The major key players in the IoT Analytics Market include IBM Corporation, Amazon Web Services, Oracle Corporation, SAP SE, Salesforce.com Inc., Microsoft Corporation, Cisco Systems Inc., Google LLC, PTC Inc. and Teradata Corporation.
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