Global Connected Device Analytics Market Drivers, Restraints and Forecast 2023-2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Connected Device Analytics Market by Organization Size, Device Connectivity, Component, Deployment Mode, Industry Vertical, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Connected Device Analytics Market size was estimated at USD 22.57 billion in 2022, USD 27.81 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 23.35% to reach USD 121.00 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Connected Device Analytics Market.

The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading.

Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Connected Device Analytics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

• Based on Organization Size, the market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Small & Medium-Sized Enterprises is projected to witness significant market share during forecast period.
• Based on Device Connectivity, the market is studied across Cellular or Machine to Machine, Low-Power Wide Area Networks, Wired, Wireless Local Area Networks, and Wireless Personal Area Networks. The Wired is projected to witness significant market share during forecast period.
• Based on Component, the market is studied across Consulting, Services, and Solutions. The Consulting is further studied across Deployment & Integration and Support & Maintenance. The Services is further studied across Managed Services and Professional Services. The Consulting is projected to witness significant market share during forecast period.
• Based on Deployment Mode, the market is studied across Cloud and On-Premises. The Cloud is further studied across Hybrid Cloud, Private Cloud, and Public Cloud. The Cloud is projected to witness significant market share during forecast period.
• Based on Industry Vertical, the market is studied across Banking, Financial Services, & Insurance, Energy & Utilities, Government & Defense, Healthcare & Life Sciences, Manufacturing, Retail & Ecommerce, and Transportation & Logistics. The Manufacturing is projected to witness significant market share during forecast period.
• Based on Application, the market is studied across Building Automation, Energy Management, Inventory Management, Remote Monitoring, Sales & Customer Management, and Security & Emergency Management. The Energy Management is projected to witness significant market share during forecast period.
• Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Connected Device Analytics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Market Dynamics

Drivers

• Increasing penetration of the internet and adoption of smart IoT devices
• Need of the analytics to monitor remotely to support the work from home initiative
• Rising adoption of smart payment technologies

Restraints

• Lack of skilled professionals

Opportunities

• Emerging technologies integrated in the connected devices to provide real-time analysis of the patient care and tracking infected people
• Growing digitalization of enterprises across industry verticals

Challenges

• Rapidly increasing cyber threats

Companies Mentioned

• Adobe Inc.
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• General Electric Company
• Google LLC by Alphabet Inc.
• Guavus, Inc.
• Hewlett Packard Enterprise Development LP
• Infor
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• PTC Inc.
• Salesforce, Inc.
• SAP SE
• SAS Institute Inc.
• Software AG

For more information about this report visit https://www.researchandmarkets.com/r/4i0850

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