'Analytics of things' market to see exponential growth
The global "Analytics of Things" market will grow at a Compound Annual Growth Rate of 31.53% by 2021, from $4.85bn in 2016 to $22.65bn, according to a new report by Research and Markets. Predictive maintenance and asset management, which helps companies improve operational efficiency and conform to regulatory compliance, is estimated to have the largest market share in 2016. In addition, the retail industry will see the highest growth, North America will be the largest revenue generating region and APAC is expected to grow at the highest rate due to the "massive growth of data through various channels."

Research and Markets has announced the addition of the "Analytics of Things Market by Application (Predictive Maintenance & Asset Management, Security & Emergency Management, Remote Monitoring), Software (Sensor Data Analytics, IoT Gateway Analytics), Service, Vertical & Regions - Global Forecast to 2021" report to their offering.

It's estimated the global Analytics of Things market will grow from USD 4.85 billion in 2016 to USD 22.65 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 31.53%

The Analytics of Things market is growing rapidly because of the increasing number of connected devices and the vast amount of data being generated through these devices, and to analyze such unstructured data.

Predictive maintenance and asset management is estimated to have the largest market share in 2016 as organizations across industry verticals are facing three major challenges that include adhering to compliance, reducing overall assets operational cost and reducing the unexpected downtime. Predictive maintenance and asset management application assist companies to deal with unexpected downtime, improving the overall efficiency of the operations and following the regulations and compliance. All these factors have resulted in the high adoption of predictive maintenance and asset maintenance application in Analytics of Things market.

Analytics of Things solutions have been deployed across various industry verticals, including healthcare telecommunication & IT, retail, manufacturing, energy & utilities, transportation & logistics, government & defense, and others. The retail industry vertical is expected to witness the highest CAGR during the forecast period because of the growing need to analyze customer data that includes customer buying pattern and changing demand and preference of the customers.

The report includes the study of key players offering Analytics of Things software and services:

- AGT International

- Accenture PLC

- Capgemini

- Cisco Systems, Inc.

- Google, Inc.

- Intel Corporation

- International Business Machines Corporation

- Microsoft Corporation

- SAP SE

- Tibco Software, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Analytics of Things Market Overview

6 Analytics of Things Market: Industry Trends

7 Analytics of Things Market Analysis, By Type

8 Analytics of Things Market Analysis, By Application

9 Analytics of Things Market Analysis, By Deployment Model

10 Analytics of Things Market Analysis, By Industry Vertical

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

14 Key Innovators

15 Appendix

For more information visit http://www.researchandmarkets.com/research/hk6pzz/analytics_of

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