What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in iot analytics platform category. Our data sources in iot analytics platform category include;
IoT analytics platforms are specialized platforms for analyzing time series IoT sensor data.
To enable effective IoT analytics, these platforms need to be customized to deal with time series data of varying frequencies.
If you’d like to learn about the ecosystem consisting of IoT analytics platform and others, feel free to check AIMultiple Analytics.
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We use the data sources on the side for ranking solutions and awarding badges in iot analytics platform category. Our data sources in iot analytics platform category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Splunk Cloud
AWS IoT Analytics
Azure Stream Analytics
Hitachi Lumada
Vitria IoT Analytics Platform-as-a-Service (PaaS)
Taking into account the latest metrics outlined below, these are the current iot analytics platform market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
AWS IoT Analytics
Splunk Cloud
Azure Stream Analytics
Hitachi Lumada
Arcadia Data
These are the number of queries on search engines which include the brand name of the solution. Compared to other Analytics categories, IoT analytics platform is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 87%, 12% more than the average of search queries in this area.
141 employees work for a typical company in this solution category which is 120 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 3 companies with >10 employees are offering iot analytics platform. Top 3 products are developed by companies with a total of 100k employees. The largest company building iot analytics platform is AWS with more than 100,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Splunk Cloud
AWS IoT Analytics
Azure Stream Analytics
Hitachi Lumada
Vitria IoT Analytics Platform-as-a-Service (PaaS)
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all IoT analytics platform companies. The most positive word describing IoT analytics platform is “Easy to use” that is used in 7% of the reviews. The most negative one is “Expensive” with which is used in 3.00% of all the IoT analytics platform reviews.
According to customer reviews, most common company size for iot analytics platform customers is 1-50 Employees. Customers with 1-50 Employees make up 39% of iot analytics platform customers. For an average Analytics solution, customers with 1-50 Employees make up 40% of total customers.
This category was searched on average for 180 times per month on search engines in 2022. This number has decreased to 110 in 2023. If we compare with other analytics solutions, a typical solution was searched 438 times in 2022 and this decreased to 170 in 2023.