Analytics of Things (AoT) extracts meaning from massive data generated by IoT devices, allowing businesses to make more informed decisions and improve overall operations. Diagnostic, descriptive, predictive, prescriptive, and automating AoT are the different types. Global Analytics of Things Market is a new frontier in analytics that faces numerous challenges, such as data collection during AoT implementation. Furthermore, limited data is extracted from massive databases and analysed for decision-making.
However, due to a lack of standardised protocols, there are many concerns about data privacy and security in the market. Furthermore, to overcome the challenges that the AoT industry faces, proper infrastructure and a skilled workforce are required. With technological advancements and increased use of the internet, mobile, and social media, the industry is currently experiencing rapid growth.
Connected devices and improved cyber security are just some of the factors that will fuel market growth. The growth of the Global Analytics Of Things Market has been fueled by factors such as low costs, high scalability, and real-time monitoring. The growth of the Global Analytics of Things Market is primarily driven by improved cyber security, increased discretionary spending, and an increase in analytics technology innovation. Constraints due to a lack of AoT technology expertise and experience on the part of the workforce.
In the coming years, the increasing use of AI for big data management in industries like industrial development and government efforts is expected to boost the Analytics of Things Market’s growth prospects. IoT devices generate enormous amounts of data, which the analytics of things (AoT) industry interprets to help businesses make better decisions and enhance overall operations. The AoT can be diagnostic, predictive, descriptive, prescriptive, or automated.. Data collection during AoT deployment is one of the many challenges in this relatively new area of analytics.
Analytics of Things Market is divided into three categories: type, vertical, and region. It is divided into two categories: software and services. Predictive maintenance & assets management, sales & customer management, energy management, security management, inventory management, infrastructure management, building automation, and remote monitoring are the different types of applications.
Government, defence, and public sector; IT & telecom; transportation & logistics; retail; education; healthcare; manufacturing; and others are the vertical classifications (oil & gas, BFSI, residential, and hospitality). The AoT market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America and the Caribbean.
Microsoft Corporation, Google Inc., SAP SE, Intel Corporation, IBM Corporation, Cisco Systems Inc., TIBCO Software Inc., AGT International, Capgemini S.A., and Accenture PLC are the major players in the AoT market.
The study examines the global AoT market in depth, including current and future trends, in order to identify potential investment pockets, determine overall attractiveness, and identify profitable trends in order to gain a stronger foothold in the market.
The report includes an impact analysis and information on key drivers, restraints, and opportunities.
To demonstrate the market’s financial calibre, a quantitative analysis of the current market and projections from 2017 to 2023 are provided.
Porter’s Five Forces model of the industry depicts the market’s potency in terms of buyers and suppliers.
Analytics Of Things (AoT) Market Key Segments:
- Sensor Data Analytics
- Network Management
- IoT Gateway Analytics
- Deployment & Integration
- Maintenance & Support
- Managed Services
- Predictive Maintenance & Assets Management
- Sales & Customer Management
- Energy Management
- Security Management
- Inventory Management
- Infrastructure Management
- Building Automation
- Remote Monitoring
- Others (Agriculture Management, Workforce Productivity, and Facility Environment Management)
- Government, Defense, and Public Sector
- IT & Telecom
- Transportation & Logistics
- Others (Oil & Gas, BFSI, Residential, and Hospitality)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Key Market Players Profiled in the Report
- Microsoft Corporation
- Google Inc.
- SAP SE
- Intel Corporation
- IBM Corporation
- Cisco Systems, Inc.
- TIBCO Software Inc.
- AGT International
- Capgemini S.A.
- Accenture PLC.