Vendor Comparison in IoT Analytics

[113 Pages Report] In the business world today, the volume of data is increasing at a tremendous pace considering the rise in adoption of IoT devices and appliances. Companies are using various data sources related to IoT such as sensors, mobile devices, Radio-Frequency Identification (RFID), and Global Positioning System (GPS) to collect intelligence on events as soon as they occur. Traditional business analytics platforms cannot keep pace with such a dynamic data, which is higher in volume and variety. IoT Analytics helps companies in manipulating real-time business events and dynamic data, analyzing them, reacting as and when they occur, and making IoT and its raw data even more useful for the companies in coming up with the most strategic goals.

MarketsandMarkets defines “IoT Analytics” as a combination of technologies, software, tools, policies, platforms, guidelines, approaches, and set of professional services used to analyze Internet of Things (IoT)-based data. IoT Analytics software and solutions are defined and judged by their capabilities to reduce the overall operational time, cost, and required expertise to develop analytics-rich IoT Analytics applications.

The increasing amount and variety of IoT data across industry verticals and the rising demand for market and competitive intelligence have fueled the growth of IoT Analytics solutions within the organizations. IoT Analytics has become an indispensable practice for enterprises, to sustain in the competitive environment.

The report on Vendor Comparison in IoT Analytics based on MnM DIVE Methodology analyzes and evaluates the key vendors in the IoT Analytics market.

To know about the assumptions considered for the study, download the pdf brochure

Vendor Inclusion Criteria

We have selected 25 vendors for evaluations based on their breadth of product offering and robust business strategy. The focus of our vendor evaluation was on the product they offer in the IoT Analytics market. A comprehensive list of all the vendors in this market was created through a product mapping strategy and MarketsandMarkets analysis. Based on their capabilities, innovations, and breadth of product offering, vendors were shortlisted. Our selected vendor mix includes the top 25 IoT Analytics vendors selected based on the above given parameters.

Vendors Evaluated

The report covers the comprehensive study of the key vendors offering solutions for IoT Analytics. We have evaluated the following 25 vendors: AGT International, Amazon Web Services, Cisco Systems, Dell Technologies, Ericsson, General Electric, Galssbeam, Google, Greenwave Systems, Hitachi Ltd., HP Enterprises, IBM Corporation, Information Builders, Microsoft Corporation, Oracle Corporation, PTC, RapidMiner, Salesforce.com, SAP SE, Software AG, Splunk, Striim, Teradata Corporation, TIBCO Software, and Vitria Technology.

IoT Analytics is a combination of technologies, software, tools, policies, platforms, guidelines, approaches, and set of professional services used to analyze Internet of Things (IoT)-based data. IoT Analytics software and solutions are defined and judged by their capabilities to reduce the overall operational time, cost, and required expertise to develop analytics-rich IoT Analytics applications. The solutions are primarily responsible for collecting, integrating, cleansing, and filtering data from IoT sensors and devices. The solutions then apply model-based and data-driven prediction analytics, as well as optimization and simulation on the collected data to generate useful information.

IoT Analytics helps companies in manipulating real-time business events and dynamic data, analyzing them, reacting as and when they occur, and making IoT and its raw data even more helpful for the companies in coming up with the most strategic goals. The major growth drivers of the IoT Analytics market include exponential growth in the volume and variety of IoT generated data, availability of advanced consumer friendly analytics platforms, and the increasing need for doing more things that are complex. The IoT Analytics market faces challenges such as lack of transformation from legacy architecture and lack of appropriate analytical skills. Factors such as complex analytical workflow and diversity of data models based on business needs are expected to limit the market growth.

The report on vendor comparison in IoT Analytics based on MarketsandMarkets DIVE methodology reviews major players that offer IoT Analytics solutions and outlines the findings and analysis on the basis of two broad categories: Product Offerings and Business Strategies. Each category carries various criteria, based on which the vendors are evaluated. The criteria are provided below:

Based on extensive secondary and primary research, key information about the vendor’s product offering and business strategies was gathered. After the completion of data gathering and verification process, the scores and weightage for shortlisted vendors against each parameter was finalized. After evaluating all the vendors, a comparison scorecard was prepared and each vendor was placed in the MnM DIVE matrix based on their product offering and business strategy scores.

This report is instrumental in helping the stakeholders, such as IoT Analytics vendors, system integrators, consultants, value-added resellers, and technology partners, to make business decisions on IoT Analytics solution deployments.

The report covers the comprehensive study of key IoT Analytics vendors, including AGT International, Amazon Web Services, Cisco Systems, Dell Technologies, Ericsson, General Electric, Galssbeam, Google, Greenwave Systems, Hitachi Ltd., HP Enterprises, IBM Corporation, Information Builders, Microsoft Corporation, Oracle Corporation, PTC, RapidMiner, Salesforce.com, SAP SE, Software AG, Splunk, Striim, Teradata Corporation, TIBCO Software, and Vitria Technology.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst