Analytics of Things Market Size Worth $57.3
Billion By 2025
The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by
2025, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced
technologies are surging the demand for analytics of things. These solutions enable users to access real-time
information. Deployment of useful data has turned out to be easier owing to high-tech sensor integration. The use of
extracted data helps enterprises to make timely decisions.
Cost reductions of components and ease of deployment are also stimulating the use of analytics of things. IoT analytics
can be used for several applications like infrastructure management, security management, and building automation. It
further caters to the analysis of large volumes of data extracted by IoT. Moreover, it enables connecting, transforming,
processing, aggregating, and managing real-time insights. The analytics of things solutions provide benefits like
scalability, real-time reviewing, and cost optimization to businesses. These factors are expected to stimulate the internet
of things analytics market over the projected period.
The presence of burgeoning data and strong wireless network created by IoT in regions like North America are catering
to extensive use of IoT analytics. Therefore, the region is anticipated to witness significant growth in the upcoming
years. Moreover, the domicile of established companies like Cisco Systems, Inc.; Google; Microsoft; and Hewlett Packard
Enterprise Development LP is expected to accelerate the regional market growth.
Further key findings from the report suggest:
• The healthcare & life sciences vertical segment is expected to register a share exceeding 12.5% of the total revenue till
2025 due to solutions offering timely signals to doctors and help in attaining actionable insights and data monitoring.
Request Sample Copy of This Market Research