Market Synopsis of Sensor Data Analytics Market:
Sensor Data Analytics is a statistical tool to collect and analyzed the data which are generated from a sensor in real time. This data can be created by wired sensors or wireless sensors. The most important goal of sensor data analytics is to detect anomalies and these real-time data can be used for various applications. Failure in machine in manufacturing or increasing patient’s blood pressure drops in healthcare can be monitored easily and could be prevented from serious negative outcome. As the market of Big Data analytics are increasing and new sensors are coming into picture, the analysis of real time data becomes very important and thus, the global market for sensor data analytics is predicted to grow at very rapid pace.
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Global Sensor Data Analytics Market has been segmented on the basis of Components, Services and applications.
- The Components includes Hardware such as gyroscopes, magnetometers, accelerometers and pressure sensors among others and Software.
- The Services includes Managed Services and Professional Services
- The various applications which has been identified as Manufacturing, Healthcare, Automotive, BFSI, Telecommunication among others.
Key Players for Sensor Data Analytics Market:
The prominent players in the market are-
- TCS (India),
- IBM Corporation (U.S.),
- SAP AG (Germany),
- Cisco Systems (U.S.),
- Microsoft Corp. (U.S.),
- HP (U.S.),
- Qualcomm Inc. (U.S.),
- Schneider Electric (France),
- Verizon Communications (U.S.),
- Talend (U.S.).
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- Sensor Manufacturers
- Sensors Suppliers
- Analytics Service Providers
- Software Developers
Regional Analysis of Sensor Data Analytics Market:
Currently, North America is leading the market of Sensor Data Analytics due to presence of global players in U.S. and Canada. U.S. and Canada also falls under the umbrella of developed nation which gives an advantage to North America. Europe stands as second biggest market followed by Asia-Pacific. Presence of manufacturing companies in China and India is giving boost to the market of Sensor Data Analytics Market in Asia-Pacific.
Study Objectives of Sensor Data Analytics Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Sensor Data Analytics Market
- To provide insights about factors affecting the market growth
- To analyze the Sensor Data Analytics market based on various factors- supply chain analysis, porter’s five force analysis etc.
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