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IoT Analytics Market Status and Future Forecasts to 2026

The increasing development of smart cities, smart homes, and smart factories are driving the market for IoT Analytics.<br><br>

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IoT Analytics Market Status and Future Forecasts to 2026

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  1. IoT Analytics Market To Reach USD 70.07 Billion By 2026 www.reportsanddata.com

  2. Market Summary Market Size – USD 9.60 Billion in 2018, Market Growth - CAGR of 27.6%, Market Trends – The increasing adoption of IoT in emerging nations. The global IoT analytics market is forecast to reach USD 70.07 Billion by 2026, according to a new report by Reports and Data. IoT analytics is the application for analyzing the data generated from the connected IoT devices. The growing adoption of IoT devices from different industries for sharing of data and enhancing their productivity with real-time monitoring is driving the global IoT analytics market. Governments across the globe are investing highly in the development of smart cities, which is also increasing the demand for IoT devices, and with the rise in the number of IoT devices, the need for analysis of data is also required . Further key findings from the report suggest • Software component held a market share of 58.9% in the year 2018. Companies are using IoT analytics software tools to track the performance of devices/machinery, provide predictive maintenance recommendations, and have a better understanding of the unique data related to their devices such as motion, temperature, and sound. Predictive analytics is forecasted to hold 50.6% of the market share in 2026. The IoT analytics model capture relationships among several factors to assess the risk associated with a set of conditions. • www.reportsanddata.com

  3. Market Summary Key Players: Key participants include Microsoft Corporation, IBM, Cisco, Amazon Web Services, Oracle, Dell Technologies, Hitachi, Salesforce.Com, PTC, Mnubo, and Google, among others. Segmentation: Component Outlook (Revenue: USD Billion; 2016-2026) Software Services Analytics Time Outlook (Revenue: USD Billion; 2016-2026) Predictive Analytics Prescriptive Analytics Descriptive Analytics To look at the PDF Sample Report and get 30 minutes of a free consultation @ https://www.reportsanddata.com/sample-enquiry-form/1951 www.reportsanddata.com

  4. Market Summary Regional Outlook for Assessment Services Market analyses the following geographies: ✓ North America (United States, Canada, and Mexico) ✓ Europe (Germany, France, UK, Russia, and Italy) ✓ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ✓ South America (Brazil, Argentina, Colombia, etc.) ✓ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Grab Your Report at an Impressive Discount! Please Click Here @ https://www.reportsanddata.com/discount-enquiry-form/1951 www.reportsanddata.com

  5. The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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