Next Evolution of Data Analytics Is Approaching, according to Cutting-edge Report by Mind Commerce Recently Uploaded at MarketPublishers.com
10 Nov 2016 • by Natalie Aster
LONDON – Today, the next evolution of data analytics is enabled by the convergence of data management, cloud and IoT platforms and solutions. Enterprises are becoming more aware of intangible and tangible benefits of IoT data. The ability to sort data in a raw format, then store it in various structural formats and further release it for analytics, will emerge as the crucial element for any industry vertical.
Nowadays, top companies are heavily investing in the development of the IoT data management solutions and technologies. By the year 2021, IoT data investments in the European region alone is anticipated to cross USD 50 billion. The stakes are rather high as IoT data is predicted to enable nearly 40% operational savings and also generate around 35% in new business by the year 2021. Many of the initial IoT data management solutions are expected to be upgraded and become multi-client or customized.
The global data analytics segment in the IoT market is likely to see a CAGR of slightly over 70% and by 2021 is predicted to reach USD 114 billion. By the same year, the global IoT data as a service (IoTDaaS) sector is anticipated to climb to USD 15 billion.
Cutting-edge research publication “IoT Data Management and Analytics Market Outlook and Forecasts 2016 - 2021” by Mind Commerce Publishing draws a clear picture of the current scenario in the global IoT data management and analytics market, provides a look at the historical background of the market and also discusses how the market is set to develop in the short run. This publication uncovers data on important market aspects, touches upon the key influencing factors, reviews the top growth challenges and opportunities, and also uncovers info on the key existing and emerging technologies.
Other topical market reports by Mind Commerce Publishing are given in this Market Publishers’ catalogue.