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Global Connected Device Analytics Market By Component (Solution & Services), By Deployment Mode (Cloud & On-premises), By Application (Remote Monitoring and Others), By Vertical (BFSI, Others), By Region, Forecast & Opportunities to 2026

The global connected device analytics market accounted for a value of USD 13.1 billion in 2019 and is projected to register growth at a CAGR of 19.3% during forecast period.

COVID-19 has impacted the connected device analytics. The customer behavior is immensely affected along with economies due to outbreak of corona virus. The major upcoming IoT and analytics projects are kept on hold due to COVID-19 and this is likely to intensify the competition among companies. The remote monitoring and smart payment technologies are gaining traction due to social distancing norms. The focus towards health is increasing and the demand for health related wearable is also increasing. The ongoing pandemic leads to slowdown in growth of connected device market in 2020.

Definition:

The connected devices are used to gather vast amounts of data and sometime it collects critical data. The connected device analytics allow companies to create services and platforms that enable them to efficiently analyze and mange real time information streams from different data source. This enables companies to efficiently optimize, predict, mange and analyze the operation and processes.

Market Dynamics (Drivers/Opportunities):

The focus towards remote work monitoring, time tracking is widely increasing as it is a vital tool among organization that drive revenue and productivity among organization. The spread of corona virus increases the work from home trend among companies and this leads to higher adoption of remote monitoring technology. The adoption of technologies such as IoT, ML, AI and analytics is increasing and this drives growth in connected device analytics during forecast period.

Remote monitoring helps in enhancing teamwork capability of working with better and improved work productivity. There are various industrial verticals such as manufacturing, aviation, energy & utilities, logistics and other verticals are using connected device analytics. These verticals are facing challenges in managing asset tracking and maintaining reduced cost. The adoption of connected device analytics is widely increasing with increases in adoption of remote monitoring and other technologies. This drives growth in connected device analytics market during forecast period.

Market Insights, by Application

On the basis of application, the connected device analytics market is segmented into security & emergency management, sales & customer management, remote monitoring, predictive maintenance & asset management, inventory management, energy management, building automation and others. The security & emergency management application is estimated to hold largest market share during forecast period. The companies are majorly focusing on reducing hacking and cyber threats to maintain confidentiality of data. Due to development of technologies, the threats are increasing and this need updated solutions and services to reduce threats and secure data from hackers. This increases adoption of connected device analytics in security & emergency management application during forecast period.

Market Insights, by Vertical

On the basis of vertical, the connected device analytics market is segmented into manufacturing, transportation & logistics, energy & utilities, retail & ecommerce, healthcare & life science, BFSI, government & defense and others. The retail & ecommerce segment is estimated to register growth at highest CAGR during forecast period. The adoption of connected device analytics solution is increasing among retail & ecommerce vendors. The connected device analytics solutions are used to identify product demand and to maintain their inventory efficiently in retail &ecommerce vertical. These industry verticals are focusing on providing more holistic shopping experience with contextualized and personalized interactions which leads to high level of engagement of customer. This drives growth in connected devices analytics among retail and ecommerce vertical during forecast period.

Regional Insights

North America region is estimated to hold largest market share during forecast period. The adoption of connected device technologies is higher in this region and the developments in connected device analytics are widely increasing. The investment in technologies such as AI, machine learning, IoT and analytics is rapidly increasing along with R&D activities in this region. The government is providing immense support for growth of connected device analytics solution in this region. Thus, drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in connected device analytics industry are Microsoft, Oracle, SAP, IBM, PTC, AWS, Cisco, Google, Adobe, Teradata, Hitachi, HPE, SAS Institute, Software AG, GE, Cloudera, Guavus, and Splunk.

Segments Covered in the Report

This report forecasts The Global Connected Device Analytics Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global connected device analytics market report on the basis of component, deployment mode, application and vertical.

Connected Device Analytics Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Verticalrs
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Connected Device Analytics Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Solution
  • Services
  1. Connected Device Analytics Market, By Deployment Mode, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Cloud
  • On-premises
  1. Connected Device Analytics Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Security & Emergency Management
  • Sales & Customer Management
  • Remote Monitoring
  • Predictive Maintenance & Asset Management
  • Inventory Management
  • Energy Management
  • Building Automation
  • Others
  1. Connected Device Analytics Market, By Vertical, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Manufacturing
  • Transportation & Logistics
  • Energy & Utilities
  • Retail & eCommerce
  • Healthcare & Life Science
  • BFSI
  • Government & Defense
  • Others
  1. Connected Device Analytics Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Component
    • By Deployment Mode
    • By Application
    • By Vertical
    • By Country
      • USA
        • By Vertical
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Component
      • By Deployment Mode
      • By Application
      • By Vertical
      • By Country
        • Brazil
          • By Vertical
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Component
        • By Deployment Mode
        • By Application
        • By Vertical
        • By Country
          • UK
            • By Vertical
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Component
          • By Deployment Mode
          • By Application
          • By Vertical
          • By Country
            • China
              • By Vertical
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Component
            • By Deployment Mode
            • By Application
            • By Vertical
            • By Country
              • Saudi Arabia
                • By Vertical
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Microsoft
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Oracle
    • SAP
    • IBM
    • PTC
    • AWS
    • Cisco
    • Google
    • Adobe
    • Teradata
    • Hitachi
    • HPE
    • SAS Institute
    • Software AG
    • GE
    • Cloudera
    • Guavus
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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