Analytics of Things market Business Domain Review: Market Range, Value Trends, Growth Forecast, and Strategic Overview
"Executive Summary Analytics of Things Market Market :
The global analytics of things market size was valued at USD 41.28 billion in 2024 and is projected to reach USD 297.45 billion by 2032, with a CAGR of 28.00% during the forecast period of 2025 to 2032
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Analytics of Things Market Overview
The global analytics of things market is segmented based on components, applications, and verticals. In terms of components, the market is divided into software and services. Software segment is expected to dominate the market due to the increasing adoption of analytics software for making data-driven decisions. When it comes to applications, the market is categorized into predictive maintenance and asset management, inventory management, energy management, and others. Predictive maintenance and asset management segment is anticipated to witness significant growth as companies increasingly focus on reducing operational costs and improving efficiency. From a vertical perspective, the market is segmented into manufacturing, retail, healthcare, energy and utilities, transportation and logistics, and others. The manufacturing sector is projected to hold a substantial market share owing to the growing demand for process optimization and automation in manufacturing operations.