Global Internet of Things (IoT) Analytics Market Report 2023: Asset Management and Maintenance to Deliver Huge Revenue Opportunities for Predictive and Prescriptive IoT Analytics

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Global market for Internet of Things (IoT) Analytics

Global market for Internet of Things (IoT) Analytics

Global market for Internet of Things (IoT) Analytics

Dublin, May 30, 2023 (GLOBE NEWSWIRE) — The report “Internet of Things (IoT) Analytics – Global Strategic Business Report” has been added to offer.

Global Internet of Things (IoT) analytics market to reach $166.5 billion by 2030

In the changed post COVID-19 business landscape, the global Internet of Things (IoT) Analytics market, estimated at US$24.8 billion in 2022, is projected to reach a revised US$166.5 billion by 2022. 2030, with growth at a CAGR of 26.9% in the analysis period 2022-2030.

Manufacturing, one of the segments analyzed in the report, is expected to grow at a CAGR of 30% and reach $55.9 billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Energy & Utilities segment is readjusted to a revised CAGR of 25.7% for the next 8-year period.

US market is valued at $8.4 billion, while China is expected to grow at 31.1% CAGR

The Internet of Things (IoT) Analytics market in the United States is estimated at $8.4 billion in 2022. China, the second largest economy in the world, is projected to reach an expected market size of 13.9 billion dollars by 2030 at a CAGR of 31.1% over the analysis period 2022-2030.

Other notable geographic markets include Japan and Canada, each of which expect growth of 22% and 22.9% respectively over the period 2022-2030. In Europe, Germany is projected to grow at around 28.1% CAGR.

What’s new for 2023?

  • Special coverage on the Russia-Ukraine war; global inflation; easing of China’s “zero-Covid” policy and its “irregular” reopening; supply chain disruptions, global trade tensions; and recession risk.

  • Global competitiveness and percentage market shares of major competitors

  • Market presence in multiple geographic areas: strong/active/niche/banal

  • Online Peer-to-Peer Interactive Collaborative Tailored Updates

  • Access to our digital archives and MarketGlass research platform

  • Free updates for one year

Select Competitors (Total 65 Featured)-

  • cisco systems, inc.

  • AT&T, Inc.

  • Accenture SpA

  • Web Services Amazon, Inc.

  • Capgemini SE

  • Bosch group

  • Aeris Communications, Inc.

  • Cloudera, Inc.

  • Avanade, Inc.

  • Bosch Software Innovation GmbH

  • Agt International GmbH

  • Ayla Networks, Inc.

  • Altizon Systems Pvt., Ltd.

  • Arbela Technologies Corporation

  • Adaptense Technologies Inc.

Key Attributes:

Ratio attribute


No. of pages


Forecast period

2022 – 2030

Estimated market value (USD) in 2022

$24.8 billion

Projected market value (USD) by 2030

$166.5 billion

Compound annual growth rate


Regions covered


Main topics covered:




  • Influencer Market Insights

  • Trajectories of the world market

  • Impact of Covid-19 and looming global recession

  • The era of analytics provides the cornerstone for the disruptive growth and proliferation of IoT analytics

  • US dominates global market, China leads market gains

  • Manufacturing, the largest end-use industry

  • Internet of Things (IoT) Analysis – Percentage Market Share of Top Global Competitors in 2022 (E)

  • Competitive Market Presence: Strong/Active/Niche/Common for Gamers Worldwide in 2022 (E)



  • Growing IoT ecosystem, the cornerstone for growth in the market

  • Why is IoT investing attractive?

  • IoT data science and analytics take a leap forward against the backdrop of the rapidly expanding IoT ecosystem

  • As IoT connection becomes vital for digital survival and transformation, analytics emerges as the backbone for IoT value creation

  • The deluge of IoT Big Data, a spillover from the growing IoT ecosystem, amplifies the importance and value of analytics

  • The pressure to realize ROI on IoT investments intensifies

  • The explosion of IoT big data catalyzes the need for analytics to generate insights needed for informed decision making and value creation

  • The growth of IoT connected devices per capita opens up the data pipe for the free flow of big data

  • Extracting insights from data is the key to greater profitability and ROI on IoT investments and this is where analytics comes in

  • Analytics takes on new meaning as IoT ecosystems evolve and data growth spirals, making aggregation and analytics bywords for IoT success and value creation

  • Asset management and maintenance to provide huge revenue opportunities for predictive and prescriptive IoT analytics

  • Strong Global Opportunity in Enterprise Asset Management Strengthens Business Case for IoT Asset Management

  • Cloud-based solutions, the preferred deployment model for IoT analytics

  • Hybrid IoT Analytics: Combining the best of cloud-based IoT analytics and analytics at the edge

  • As the cloud becomes the future of all enterprise IT deployments, IoT analytics as a cloud service will become a mainstream service innovation in the coming years

  • The rise of smart cities and the focus on intelligent energy management opens up opportunities for IoT analytics

  • Smart meter proliferation expands role of IoT and analytics for visualizing smart meter data: Cumulative global smart meter installations (in millions of units) for the years 2018, 2020, 2022, and 2024

  • Global annual smart meter spend (in billions of US dollars) for the years 2017, 2019, and 2021

  • The growing popularity of IoT in the retail and e-commerce sector generates the need for IoT analytics

  • As the focus on a better shopping experience drives the use of IoT in the retail sector, the need for ROI conversions on investments expands the opportunities for analytics

  • With innovation and efficiency becoming vital to manufacturing success, IoT and analytics become critical to value creation

  • Growing investments in IoT by manufacturing companies shift focus to having IoT deliver business value through analytics

  • The growing trend of connected cars is driving applications of IoT and analytics in the automotive sector

  • With IoT playing a key role in enabling the connected car revolution, leveraging the data created by IoT systems becomes critical for automotive OEMs to generate serious ROI: data generated by connected cars per hour, year, and by sensor type

  • With an increasing number of transportation companies leveraging IoT for intelligent fleet management, IoT analytics takes center stage

  • Rising smart fleet management spending adds pressure to accelerate return on investment (ROI) from IoT initiatives

  • Predictive analytics for the IoT remains widely popular in machine and equipment maintenance

  • Prescriptive analytics to assist in increased long-term adoption supported by additional decision support benefits

  • Analyzing sensor data remains critical in monitoring IoT devices

  • Robust IoT Sensor Shipments Highlighted by Large IoT Sensor Market Highlights Need for On-the-Fly Analysis of Rapid Big Data Movement Across Sensor Networks

  • Migration to value-based care and subsequent adoption of IoT to open new growth avenues for IoT analytics in healthcare

  • The present and future prospects of the IoT in healthcare

  • IoT Penetration in Myriad Areas of Healthcare Expands Addressable Market Opportunities for IoT Analytics




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