The Asia Pacific Sensor Data Analytics Market would witness market growth of 15.2% CAGR during the forecast period (2022-2028).
IoT has given businesses the capacity to collect operational data in real-time and do in-depth analytics on it. As a result, they are able to streamline their operations, significantly alter their plans, and—most importantly—provide clients with better and quicker service than ever before. Additionally, it makes a variety of large-scale advantages for businesses possible, such as new and creative company models, extra consumer segments, alternative customer routes, new goods and services, improved business procedures, and more efficient workspaces.
In order to help businesses obtain granular insight for diverse operations, SDAF delivers domain-specific solutions that may be used across industry verticals. These consist of telematics insights, remote equipment monitoring and diagnosis, preventive maintenance, demand forecasting, machinery part failure, and others. Enterprises can plan and implement an end-to-end IoT solution that is best suited to their business needs with the support of the framework's open-source, reusable components.
Due to the existence of significant manufacturing hubs, like China and India, the local manufacturing sector is highly robust. The manufacturing industry, which is estimated to grow at the fastest rates, contributed to India's pre-pandemic GDP. The machine tool industry was essentially the cornerstone of India's industrial sector. Technology today has sparked creativity, with digital transformation becoming a critical element in gaining an advantage in this highly competitive business. In the manufacturing sector, India has always placed a higher emphasis on domestic production and consumption.
The China market dominated the Asia Pacific Sensor Data Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,383.8 million by 2028. The Japan market is experiencing a CAGR of 14.5% during (2022 - 2028). Additionally, The India market would witness a CAGR of 15.9% during (2022 - 2028).
Based on Deployment Mode, the market is segmented into On-premises and Cloud. Based on Analytics Technique, the market is segmented into Descriptive, Predictive and Prescriptive. Based on Tool Type, the market is segmented into Dashboard & Data Visualization, Data Mining & Warehousing, Self-Service Tools, Reporting and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on Model, the market is segmented into Ad-hoc and Real-time. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Manufacturing, Retail, Transportation & Logistics, Government, Healthcare & Life Sciences, Aerospace & Defense, Energy & Utilities and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sensor Data Analytics Market is Projected to reach USD 28.5 Billion by 2028, at a CAGR of 14.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, SAP SE, Tata Consultancy Services Ltd., Schneider Electric SE, Hewlett Packard Enterprise Company, Cisco Systems Inc., Qualcomm Inc., Verizon Communications, Inc., and Talend S.A. (Thoma Bravo)
By Deployment Mode
By Analytics Technique
By Tool Type
By Component
By Model
By Organization Size
By Vertical
By Country
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