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Market Research Report

Worldwide IoT Platform and Analytics Forecast, 2020-2024

Published by IDC Product code 945363
Published Content info 15 Pages
Delivery time: 1-2 business days
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Worldwide IoT Platform and Analytics Forecast, 2020-2024
Published: June 26, 2020 Content info: 15 Pages

This IDC study presents a five-year forecast for the worldwide IoT platform and analytics market as of June 2020."The IoT platform and analytics market has been negatively impacted by COVID-19 in the near term," says Stacy Crook, research director, IoT. "However, this situation has also shone a light on how 3rd Platform technology initiatives such as IoT and cloud can enable resilience in times of crisis. Therefore, the long-term prospects for this market remain encouraging."…Sensitivity to current market dynamics: Since early April, IDC has been running surveys to assess the impact of COVID-19 on IT spending. When asked "compared with your organization's originally budgeted IT spending plans, in 2020 overall, how do you think your organization's actual spending on the following IT products and services will be affected due to COVID-19?" on average, 44% of respondents plan to decrease their spending on IoT projects, 25% expect no change, and 29% plan to increase their spending. As the weeks have gone by, however, the percentage of respondents that planned to decrease spending has gone down and the amount that plan to increase spending has gone up. Our perspective is that this crisis has shone a light on IoT benefits such as the ability to remotely access data about - and remotely control - IoT things.

Table of Contents
Product Code: US45860220

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Digital Transformation Initiatives
      • Speed to Market
    • Inhibitors
      • Impact of COVID-19
      • Do-It-Yourself Approaches
  • Significant Market Developments
  • Changes from Prior Forecast

Market Definition

  • Integration and Orchestration
    • Event Stream Processing Software
    • Integration Software
    • Business-to-Business Middleware
  • Data Management
    • Relational Database Management Systems
    • Nonrelational Database Management Systems
    • Distributed Data Grid Managers
    • Dynamic Data Management Systems
    • Data Integration and Intelligence Software
    • Spatial Information Management
  • Analytics and Artificial Intelligence Software
    • End-User Query, Reporting, and Analysis
    • Advanced and Predictive Analytics
    • Artificial Intelligence Software Platforms
    • Content Analytics and Search


  • Historical and Forecast Market Values and Exchange Rates

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