Global Connected Device Analytics Market: Key Highlights
Global Connected Device Analytics Market: Key Market Dynamics
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Global Connected Device Analytics Market: Regional Overview
Europe is witness to play a major role for encourage private as well as the public sector to adopt the smart technologies in healthcare industries which will lead to increase the market adoption in the forecast period. Also in 2018, the region had signed a declaration of cooperation on Artificial Intelligence (AI). According to International Air Transport Association (IATA) it being forecast the net profit in 2020 will be USD 7.9 Billion in airlines industry. Hence, these trend will lead to enhance the growth of the connected device analytics market in the projected period.
The region has increased its investment for the development of smart cities as well as the IoT platform may boost the growth of the market. Also, growing in adoption in new emerging technologies such as AI, machine learning and IoT and initiative taken by the government may lead to create a major impact for the growth of the market. However, the Japan self-defense force are boosting its growth with the robots and artificial intelligence to innovate and develop the military sectors.
Hence, the China is projected to reach its 2020 target by 2.5% of GDP spending on its R&D which is anticipate to increase the demand of the market in the period of forecast.
Global Connected Device Analytics Market: Key Players Overview
SAP SE is a German multinational software company which help to manage the business operations as well as the customer relations. Whereas, the machine learning technology helps them to make fast decision, boost efficiency, and to get better outcomes. In 2018, the company had announced an expansion of SAP Leonardo Machine Learning capabilities with the help of SAP Conversational AI service. Also the SAP Leonardo Machine Learning benefits with the solution which helps the developers to consume, design and scale machine learning as per their requirements.
Furthermore, in 2019 the company has announced advancement to the SAP Analytics Cloud solution that includes enterprise planning workflows, augmented analytics and data integration capabilities.
Microsoft is an American multinational technology company, which supports, and sells computer software. Whereas, the Microsoft Azure Machine Learning Studio is join drag-and-drop tool which help to build, test and deploy predictive analytics solutions for the data. In 2020, the company has acquired CyberX to solve the problems of user by providing customers visibility into IoT devices which helps to connected to their networks as well as to manage the security of the IoT devices.
Hence, in 2019 the company has invested USD 5 billion in Internet of Thing (IoT) and in intelligent edge technology to advance and brings transformation across industries.
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