we at Oodles, as an evolving Artificial Intelligence Development Company, elaborate on how businesses can achieve operational excellence with ML-based IoT analytics applications. As a well-established Chatbot Development Company, Oodles AI employs NLP, NLG, and other machine learning platforms to build intelligent customer-facing applications.
Learn more: IoT Analytics Applications with Machine Learning in 2020
Global IoT Analytics Market was valued US$ 6.2 Bn in 2017, and is expected to reach US$ 45.8 Bn by 2026, at a CAGR of 28.4 % during forecast period.Capacity of IoT data is continuously increasing because of introduction of smart glasses, smart watches, smart infrastructure, and smart cities.
Also, falling costs of sensors and minimized processing power are among key trends activating market growth.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Increase in importance on cost and time management, rising need for real-time data, increasing penetration of automation in businesses, growing competitive challenges, and appearance of advanced technologies are providing a boost to the market.
Solutions are also expected to support users to get well and improved understanding & knowledge of a product, get detailed visions, cut down the time, and makes better marketing and operational decisions.
Regions are an initial adopter of novel innovative technologies owing to presence of large technology players.
Additionally, availability of better technology infrastructure and consistent network connectivity across the region is boosting the growth of regional markets.Healthcare & life sciences vertical segment is expected to be the fastest-growing segment over the forecast period.
Cloud-based solutions are expected to be dominating during forecast period, due to increment in IoT devices.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The Analytics of Things (AoT) market is rapidly growing owing to the tremendous growth of Internet of Things (IoT) data and the need for advanced analytics and automation for businesses.
The global AoT market size is estimated to be USD 7.19 Billion in 2017 and is projected to reach USD 27.78 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 31.0%.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52329619The manufacturing industry vertical to have the highest market share during the forecast periodAmong industry verticals, the manufacturing industry vertical is expected to continue to have the highest market share during the forecast period.
In the era of Industry 4.0 revolution, the manufacturing organizations are rapidly moving toward predictive maintenance solutions, especially cloud-based solutions.
The latter has seen tremendous adoption among Small and Medium-Sized Enterprises (SMEs) also.
Manufacturers have the chance to monetize the insights obtained from the IoT-generated data.
AoT innovates manufacturing processes; improves interoperability across a large set of assets; and links machines, products, computers, people, and analytical resources into a single ecosystem.The cloud deployment model to grow at a higher CAGR during the forecast periodThe cloud-based deployment models are witnessing a higher demand than on-premises models due to their cost-effectiveness and easy availability.
