Global AoT Market to Post 31% CAGR to 2022, Forecasts M&M in Its In-Demand Report Published at MarketPublishers.com30 Nov 2017 • by Natalie Aster
LONDON – Worldwide, the AoT market value is poised to rise at a CAGR of 31%, from USD 7.19 billion in 2017 to USD 27.78 billion by 2022. The sector’s growth is being fuelled by the significant growth in IoT data. Data ownership and control, and dearth of on-line algorithms are the main factors restraining the AoT marketplace. The appearance of edge analytics, and technology advances in PaaS will likely open up new opportunities for the market’s growth.
Predictive analytics utilising IoT sensor is stimulating the AoT application market, mainly owing to the applications of predictive maintenance and asset management. Organisations are creating predictive diagnostic models by integrating equipment fitted out with sensors to locate problems and embark on proactive steps.
The AoT market in APAC is anticipated to observe the highest growth in the offing. Factures like the rising awareness about an upsurge in business productivity, coupled by expertly designed AoT solutions provided by the vendors in this region are amid the key drivers of the regional market growth. This region is seeing a soaring demand for cloud-driven AoT solutions.
Topical research report “IoT Analytics Market - Global Forecast to 2022” prepared by M&M provides a comprehensive evaluation of the current scenario, dynamics and top trends in the market on a global level.
The study provides detailed market segmentation based on component, application, analytics type, organization size, deployment model, and industry vertical; it provides revenue numbers for the overall market and sub-segments across various industry verticals and regions. The report examines major market drivers, hindrances, challenges, opportunities, and prevailing trends. It also explores the competitive scene and gives a discussion of the top players. Additionally, the report provides a future outlook for the global market.
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