Global Time Series Intelligent Software Market Size is Estimated to Reach $837 million in 2023

Compared with the traditional data processing software, the time series intelligent software not only has the characteristics of convenience and efficiency, but also has a lower threshold of use. Time series intelligence software can be used not only by professionals such as data scientists, data analysts, and IT staff, but also by ordinary business users. Because of its obvious advantages, the application range of time series intelligent software is constantly expanding, and the market development is becoming more and more mature. 

Global Time series Intelligence Software Market Overview and Segment Analysis 

According to our research data, the global time series intelligence software market size was $612 million in 2020, of which, cloud-based products are worth $478 million and web-based products are worth $134 million. According to our estimates, the global time series intelligence software market size will reach $837 million in 2023. Among them, the market size of cloud-based time series intelligence software and network-based time series intelligence software will account for 80.76% and 19.23%, respectively. 

Global Time Series Intelligent Software Market Size Statistics and Forecast by Type

Types	2020	2023E	2026F
Cloud-based	4.78	6.76	9.91
Web-based	1.34	1.61	2.09
Unit: M USD

Source: www.globalmarketmonitor.com

The research shows that North America is the world\'s largest revenue market for time series intelligence software, accounting for 41.94% of the market in 2023, and the market size is estimated to be $351 million. It is followed by the European market, which will win 24.25% share in 2023 with a market size of $203 million, ranking second. In addition, the continuous economic development of China, Japan, India and other Asian countries has driven the growth of the time series intelligent software market in the Asia-Pacific region, and the Asia-Pacific region is expected to become the fastest-growing market. 

Global Time Series Intelligence Software Market Size Forecast by Region in 2023

Source: www.globalmarketmonitor.com

Application Prospect Analysis of Time Series Intelligent Software 

Industrial Internet of Things(IoT): With the increasing maturity of sensing technology, the rapid development of mobile Internet and the increasing popularity of broadband networks, the IoT is booming globally. Time series intelligent software can accelerate the analysis of time series data, so as to solve the problems in processing data integration, data mining, training, department-customer model, etc., and improve the operational efficiency of manufacturing enterprises. 

Healthcare: The human body is a perfect example of a large time series data source. From medical imaging devices to biological signals or audio data, there are many time series sources that are created at scale. Time series intelligence software can help with functions such as patient monitoring, disease treatment and prediction. As the healthcare industry market develops, its demand for time series intelligence software will further rise.