Enhanced with market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights, The Business Research Company’s 2026 market reports deliver more actionable and strategically valuable research.
Connected Device Analytics Market Value Analysis: What Growth Is Expected Over The Forecast Period?
The connected device analytics market has experienced substantial growth in recent years. Projections indicate it will expand from $43.96 billion in 2025 to $54.22 billion in 2026, achieving a compound annual growth rate (CAGR) of 23.3%. Historically, this market expansion can be attributed to the adoption of early IoT devices, the emergence of wireless connectivity technologies, the advancement of industrial automation, a rising need for operational efficiency, and the initial use of data analytics in manufacturing.
The connected device analytics market is anticipated to experience substantial growth in the coming years. Its size is forecast to reach $125.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 23.4%. This expansion during the forecast period is fueled by the broadening of cloud-based analytics solutions, the incorporation of AI for delivering predictive insights, an increase in industrial IoT deployments, its uptake in the energy and utility sectors, and enhanced utilization in smart building and infrastructure management. Significant trends for the forecast duration encompass predictive maintenance enabled by connected device analytics, real-time remote monitoring offerings, analytics for optimizing energy and resources, inventory and asset management analytics, and security and emergency management analytics.
Download A Free Sample Report For Comprehensive Market Insights:
Connected Device Analytics Market Growth Momentum: Which Factors Are Influencing Demand?
The expanding reach of the Internet and the proliferation of IoT devices are anticipated to boost the growth of the connected device analytics market moving forward. The Internet constitutes a global network where computers, servers, phones, and smart appliances are interconnected, enabling communication via the transmission control protocol (TCP) and other service types. IoT devices are defined as non-conventional computing hardware that establish wireless connections to a network, thereby allowing data transmission. In the context of Internet penetration and IoT devices, connected device analytics is essential for gathering, consolidating, tracking, and extracting meaningful insights from the data produced by IoT devices. For instance, in July 2025, the European Commission, a Belgium-based governing body, reported that in 2023, approximately 40 billion IoT-connected devices were installed, with a projection to increase to 49 billion by 2026, indicating an annual growth rate of 7%. Therefore, the increasing penetration of the Internet and IoT devices is driving the growth of the connected device analytics market.
Connected Device Analytics Market Segment Breakdown: Which Categories Generate The Most Revenue?
The connected device analytics market covered in this report is segmented –
1) By Component: Solution, Services
2) By Device Connectivity: Wireless Personal Area Networks, Wireless Local Area Networks, Low-Power Wide Area Networks, Cellular Or Machine To Machine, Wired
3) By Deployment Mode: On-Premises, Cloud
4) By Application: Security And Emergency Management, Sales And Customer Management, Remote Monitoring, Predictive Maintenance And Asset Management, Inventory Management, Energy Management, Building Automation, Other Applications
5) By End User: Manufacturing, Transportation And Logistics, Energy And Utilities, Retail And E-commerce, Banking, Financial Services, And Insurance (BFSI), Healthcare And Life Sciences, Government And Defense, Other End Users
Subsegments:
1) By Solution: Device Management, Data Analytics, Network Management, Security Management
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
Connected Device Analytics Market Innovation Trends Driving Future Development
Leading companies within the Connected Device Analytics market are concentrating on developing innovative solutions, such as real-time device monitoring and predictive analytics platforms, to optimize operations and enhance decision-making across various industries. These technologies, real-time device monitoring and predictive analytics platforms, are designed to continuously track device performance and utilize data-driven algorithms to forecast potential issues or trends, thereby enabling proactive maintenance and more intelligent operational decisions. For instance, in January 2025, Qualcomm Incorporated, a US-based technology company, introduced the Qualcomm Aware platform. This cloud-based service is specifically engineered to equip enterprises with observability, monitoring, and location capabilities for intelligently connected devices across sectors including logistics, retail, energy, smart homes, and robotics. The platform provides functionalities like device state monitoring, geolocation, indoor positioning, firmware management, and lifecycle services, allowing customers to track device health, manage substantial IoT fleets, and gather telemetry data for analysis without the necessity of building custom infrastructure. By minimizing development complexity, Qualcomm Aware significantly expedites the deployment of connected-device analytics solutions, particularly beneficial for applications in asset tracking, supply chain management, smart buildings, and industrial IoT.
Connected Device Analytics Market Key Players And Strategic Industry Positioning
Major companies operating in the connected device analytics market are Google Inc.; Microsoft Corporation; Verizon Communications Inc.; Dell Technologies Inc.; Huawei Technologies Co. Ltd.; Hitachi Ltd.; Amazon Web Services Inc.; Siemens AG; General Electric Company; Intel Corporation; International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation; SAP SE; Hewlett Packard Enterprise Development LP; Ericsson AB; Salesforce Inc.; Nokia Corporation; Adobe Inc.; SAS Institute Inc.; Infor; Splunk Inc.; PTC Inc.; Teradata Corporation; Software AG; TIBCO Software Inc.; Cloudera Inc.; QlikTech International AB; Guavus Inc.; Arundo Analytics
Access The Complete Connected Device Analytics Market Report:
Connected Device Analytics Market Regional Analysis: Which Region Leads By Revenue?
North America was the largest region in the connected device analytics market in 2025. Asia-Pacific is expected to be fastest growing region in the forecast period. The regions covered in the connected device analytics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.