Time series intelligent software is a software tool that utilizes time series data for intelligent analysis and processing. Time series data is a collection of data points arranged in chronological order, which may include various numerical information such as temperature, sales, stock prices, etc. These data are usually observed and recorded at fixed time intervals.
Compared with traditional data processing software, time series intelligent software not only has the characteristics of convenience and efficiency but also has a lower threshold for use. Not only professionals such as data scientists, data analysts, and IT personnel can use time series intelligent software, but ordinary business users can also use it.
Overview of Market Development
The global time series intelligent software market is currently in a thriving stage of development. With the growing maturity of sensor technology, the rapid development of mobile Internet, and the growing popularity of broadband networks, the application scope of time series intelligent software is expanding and the market is maturing due to its convenience, efficiency, and low threshold of use.
According to our research data, the global time series intelligent software market size in 2023 was $837 million. According to calculations, the market size is expected to reach $944 million in 2024, an increase of 12.78% compared to 2023. In the coming years, with the continuous development of technologies such as big data and artificial intelligence, the functionality and performance of time series intelligent software will continue to improve, better meeting the needs of users and promoting further market expansion. It is expected that the global time series intelligent software market will increase to $1718 million by 2029.
Segmented Market Analysis
From the perspective of product types, time series intelligent software can be divided into two categories based on different operating environments and deployment methods: cloud-based time series intelligent software and web-based time series intelligent software. Among them, cloud-based time series intelligent software dominates the market, with an expected market share of 81.31% in 2024.
Global Time Series Intelligence Software Market Size and Market Share by Type Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Regions/Countries
From a regional perspective, North America is the world's largest revenue market for time series intelligent software, with an expected market share of 41.93% in 2024 and an estimated market size of $396 million; Followed by the European market, which may gain a market share of 24.25% with a market size of $229 million in 2024, ranking second. In addition, the continuous economic development of Asian countries such as China, Japan, and India 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 and Market Share by Region/Country
Forecast in 2024
Regions/Countries
|
Market Size (Million USD)
|
Market Share
|
North America
|
396
|
41.93%
|
Europe
|
229
|
24.21%
|
China
|
68
|
7.18%
|
Japan
|
88
|
9.30%
|
India
|
26
|
2.80%
|
Southeast Asia
|
30
|
3.13%
|
Central & South America
|
34
|
3.62%
|
Source: www.globalmarketmonitor.com
Application Prospect Analysis
Industrial Internet of Things: With the increasingly mature sensor technology, the rapid development of mobile Internet and the growing popularity of broadband networks, industrial Internet of Things is booming worldwide. Time series intelligent software can accelerate the analysis of time series data, thereby solving the problems of manufacturing enterprises in processing data integration, data mining, training, department customer models, etc., and improving the operational efficiency of manufacturing enterprises.
Healthcare: The human body is a perfect example of a large-scale time-series data source. There are many large-scale time series sources created, from medical imaging equipment to biological signals or audio data. Time series intelligent software can help achieve functions such as patient monitoring, disease treatment, and prediction. With the development of the healthcare industry market, the demand for time series intelligent software will further increase.