Sensor Data Analytics Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Component, Service, Industry Vertical and Region

Sensor Data Analytics Market was valued nearly US$ 9.23 Bn. in 2020. Global Sensor Data Analytics Market size is estimated to grow at a CAGR of 15.84 %.

Sensor Data Analytics Market Overview:

Sensor data analytics (SDA) is the analytics of data over wired sensors or wireless. Sensor data analytics provides a scalable framework, generates useful insights, reduces data management costs, improved processing time, and relates multiple data formats from many sensors. The SDA merges and plans the data through the different sensor and intensify the information by boosting the data with additional insights. Sensor data analytics have many applications such, as in healthcare biosensors are now used to enable more efficient patient care with telemedicine and telehealth. SDA has the capability to analyse detected data collected from oil drilling stages to confirm safety requirements. Sensor Data Analytics Market To know about the Research Methodology:- Request Free Sample Report 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Sensor Data Analytics Market Dynamics:

The global market for sensor data analytics is growing thanks to the quick adoption of the concept of IoT and Industrial IoT. The basic growing demand for various visualized real-time sensor data and information is very much driving the SDA market spread in the future years. There are major advancements and development in the field of consumer electronics products. This has enhanced the demand for SDA Market Forecast. Very strong and major demand in the primary automation industry (Industry 4.0) has definitely fuelled the global market growth. There are rising trends and growth in the powerful automotive sector, which are the primary drivers of the global sensor data analytics market insights. There is also developing demand for wearables. The main failure in a variety of machines in industrial is fully hindering the growth of the global sensor data analytics market. SDA has been very popular currently and booming. There are lots of developing markets related to sensor data analytics all across the globe and major economies like India, Brazil, and China that are expected to grow fast over the projected years. Sensor Data Analytics Market 1

Intelligent Data Analytics for IoT-Based Applications:

The emergence of IoT-based applications has increased the challenges faced in intelligent data analytics in such constrained IoT devices. The massive volume of collected data cannot be efficiently analysed in IoT devices because of their limited resources, so there is a growing need for data mining techniques and advanced learning to effectively and efficiently understand, learn, and reason with these big volumes of information.

Component Overview:

The hardware segment held the largest market share of 59.32% in 2020 and is projected to grow at the highest CAGR of 16% to reach US$ XX Bn. by 2027. The hardware segment is further divided into camera, satellite, mike and others. The technological development in hardware technology for sensor processing is resulting in larger access owing to the availability of sensor data from an extensive variety of applications. Such as, the commodity mobile devices contain a variety of sensors like accelerometers, GPS, and other kinds of data.

Industry Vertical Overview:

Healthcare & life science segment dominated the market, with a market size of US$ XX Bn. in 2020 and to reach US$ XX Bn. by 2027, with a CAGR of 16.34%. The main goal of sensor analytics is to detect anomalies. The insight of the sensor data analytics in the healthcare industry is gained by inspecting deviations from an established point of reference such as predicting and proactively preventing analysis. IoT-based healthcare & life science solutions have the potential to improve the efficiency and quality of treatments. Sensor Data Analytics Market 2

Sensor Data Analytics Market Regional Overview:

North America is anticipated to account for the largest nearly 39.10% share of the sensor data analytics market in 2020. This growth is attributed to the continuous technological developments in the region. North America SDA market is mainly driven by the U.S. and Canada thanks to the huge developments in the field of technology and the presence of giant technology organizations. Moreover, significant investments in the R&D sector from the major companies in North America are acting as a tailwind supporting the market to grow widely. Europe occupied the second largest market share of 24% in 2020. This growth is driven by the increased adoption of cloud technology and major technological advancements alongside the rising number of SMEs in the region. APAC is developing as one of the lucrative markets for the SDA, globally. Major factors such as growing urbanization and developing sectors like manufacturing, healthcare, retail, and telecommunication backed by the improving economy in Asia foster the market growth. Thanks to the presence of foreign players where SDA is being deployed, the Asia Pacific sensor data analytics market is expected to post a noteworthy CAGR during 2021-2027.

Industry Developments:

The research study includes the profiles of leading companies operating in the global sensor data analytics market. Such as, In Nov2019, IBM launched Maximo Asset Monitor, an AI-powered monitoring solution built help maintain and better understand and expand the performance of their important physical assets. The new solution is also projected to unravel essential insights through its AI-powered capability for anomaly detection and proposal visibility across enterprises into critical equipment performance. The objective of the report is to present a comprehensive analysis of the global Sensor Data Analytics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Sensor Data Analytics Market dynamic, structure by analyzing the market segments and projecting the Sensor Data Analytics Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Sensor Data Analytics Market make the report investor’s guide.

Sensor Data Analytics Market Scope: Inquire before buying

Sensor Data Analytics Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 9.23 Bn.
Forecast Period 2021 to 2027 CAGR: 15.84 % Market Size in 2027: US $ 25.84 Bn.
Segments Covered: by Component • Hardware o Camera o Satellite o Mike o Others • Software
by Service • Consulting • Maintenance • Operation Services • Others
by Industry Vertical • Aerospace & Defense • Healthcare & Life Science • Manufacturing • Transportation & Logistics • Energy & Utilities • BFSI • Public Sector • Others

Sensor Data Analytics Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Sensor Data Analytics Market Key Players

• Tata Consultancy Services • SAP SE • AGT International Inc. • HP Company • IBM Corporation • Cisco Systems • Qualcomm Inc. • Verizon Communications • Microsoft Corporation • Hewlett-Packard Development Company, L.P. • Schneider Electric • GENERAL ELECTRIC • Huawei Technologies Co., Ltd. • Google LLC • Juniper Networks, Inc. • Talend

Frequently Asked Questions:

1] What segments are covered in the Sensor Data Analytics Market report? Ans. The segments covered in the Sensor Data Analytics Market report are based on Component, Service and Industry Vertical. 2] Which region is expected to hold the highest share in the Sensor Data Analytics Market? Ans. North America region is expected to hold the highest share in the Sensor Data Analytics Market. 3] What is the market size of the Sensor Data Analytics Market by 2027? Ans. The market size of the Sensor Data Analytics Market by 2027 is US$ 25.84 Bn. 4] What is the forecast period for the Sensor Data Analytics Market? Ans. The forecast period for the Sensor Data Analytics Market is 2020-2027. 5] What was the market size of the Sensor Data Analytics Market in 2020? Ans. The market size of the Sensor Data Analytics Market in 2020 was US$ 9.23 Bn.
1. Global Sensor Data Analytics Market: Research Methodology 2. Global Sensor Data Analytics Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sensor Data Analytics Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sensor Data Analytics Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Sensor Data Analytics Market Segmentation 4.1. Global Sensor Data Analytics Market, By Component (2020-2027) • Hardware o Camera o Satellite o Mike o Others • Software 4.2. Global Sensor Data Analytics Market, By Industry Vertical (2020-2027) • Aerospace & Defense • Healthcare & Life Science • Manufacturing • Transportation & Logistics • Energy & Utilities • BFSI • Public Sector • Others 4.3. Global Sensor Data Analytics Market, By Service (2020-2027) • Consulting • Maintenance • Operation Services • Others 5. North America Sensor Data Analytics Market (2020-2027) 5.1. North America Sensor Data Analytics Market, By Component (2020-2027) • Hardware o Camera o Satellite o Mike o Others • Software 5.2. North America Sensor Data Analytics Market, By Industry Vertical (2020-2027) • Aerospace & Defense • Healthcare & Life Science • Manufacturing • Transportation & Logistics • Energy & Utilities • BFSI • Public Sector • Others 5.3. North America Sensor Data Analytics Market, By Service (2020-2027) • Consulting • Maintenance • Operation Services • Others 5.4. North America Sensor Data Analytics Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Sensor Data Analytics Market (2020-2027) 6.1. European Sensor Data Analytics Market, By Component (2020-2027) 6.2. European Sensor Data Analytics Market, By Industry Vertical (2020-2027) 6.3. European Sensor Data Analytics Market, By Service (2020-2027) 6.4. European Sensor Data Analytics Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sensor Data Analytics Market (2020-2027) 7.1. Asia Pacific Sensor Data Analytics Market, By Component (2020-2027) 7.2. Asia Pacific Sensor Data Analytics Market, By Industry Vertical (2020-2027) 7.3. Asia Pacific Sensor Data Analytics Market, By Service (2020-2027) 7.4. Asia Pacific Sensor Data Analytics Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sensor Data Analytics Market (2020-2027) 8.1. Middle East and Africa Sensor Data Analytics Market, By Component (2020-2027) 8.2. Middle East and Africa Sensor Data Analytics Market, By Industry Vertical (2020-2027) 8.3. Middle East and Africa Sensor Data Analytics Market, By Service (2020-2027) 8.4. Middle East and Africa Sensor Data Analytics Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Sensor Data Analytics Market (2020-2027) 9.1. South America Sensor Data Analytics Market, By Component (2020-2027) 9.2. South America Sensor Data Analytics Market, By Industry Vertical (2020-2027) 9.3. South America Sensor Data Analytics Market, By Service (2020-2027) 9.4. South America Sensor Data Analytics Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Tata Consultancy Services 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. SAP SE 10.3. AGT International Inc. 10.4. HP Company 10.5. IBM Corporation 10.6. Cisco Systems 10.7. Qualcomm Inc. 10.8. Verizon Communications 10.9. Microsoft Corporation 10.10. Hewlett-Packard Development Company, L.P. 10.11. Schneider Electric 10.12. GENERAL ELECTRIC 10.13. Huawei Technologies Co., Ltd. 10.14. Google LLC 10.15. Juniper Networks, Inc. 10.16. Talend

About This Report

Report ID 63197
Category Information Technology & Telecommunication
Published Date May 2020
Updated Date Jan 2022
Contact Us