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IoT Big Data Analytics Software Revenues 2015 - 2022 by Region and Vertical

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Report Summary:

Strategy Analytics forecasts that Big Data Analytics software revenues will double from its current global 2015 revenue of $36.2 billion (US Dollars) to over $81 billion by 2022 for a compound annual growth rate (CAGR) of over 12% over the next seven years. The three biggest verticals in Big Data Analytics software worldwide in 2015 and through 2022 are: Healthcare, Finance and Industrial Iot (Iiot). They will continue to be the dominant forces for the next seven years but there is ample revenue and market growth opportunity for a number of other verticals as well. Most notably as the IoT Big Data Analytics Forecast by Region and Industry Vertical indicates, these include: Manufacturing, Retail, Automotive, Energy, Transportation and Weather.
The greatest growth in IoT Big Data Analytics software connections per region is in Asia Pacific which will grow from $11.6 billion in 2015 to $32.7billion in 2022 for a CAGR of 16% over a seven year period. North America which has the greatest revenue in 2016 will be overtaken by Asia Pacific in 2017. North American BIg Data Analytics software revenues will still experience healthy CAGR of 11% over the seven year period during that time, second only to Asia-Pacific. Western Europe will experience more modest but still healthy Big Data Analytics software revenue growth of 9% over the seven year period from 2015 to 2022. 


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