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Connected Device Analytics Market Revenue Outlook: What CAGR Lies Ahead Through 2030?
The connected device analytics market has experienced rapid expansion over recent years. Its value is projected to increase from $43.96 billion in 2025 to $54.22 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 23.3%. The historical growth in this sector is attributable to the adoption of early IoT devices, the rise of wireless connectivity technologies, the growth of industrial automation, an increasing need for operational efficiency, and the early use of data analytics in manufacturing.
The connected device analytics market size is poised for significant expansion in the coming years. It is forecast to reach $125.6 billion in 2030, growing at a compound annual growth rate (CAGR) of 23.4%. This projected growth is driven by the wider availability of cloud-based analytics solutions, the integration of AI for generating predictive insights, an increase in industrial IoT deployments, broader adoption in the energy and utility sectors, and enhanced utilization in smart building and infrastructure management. Key trends expected in the forecast period encompass predictive maintenance enabled by connected device analytics, real-time remote monitoring solutions, analytics for optimizing energy and resources, inventory and asset management analytics, and security and emergency management analytics.
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Connected Device Analytics Market Growth Drivers: What’s Behind The Acceleration?
The expanding reach of the Internet and IoT devices is anticipated to drive the future expansion of the connected device analytics market. The Internet is defined as a worldwide network connecting computers, servers, phones, and smart appliances, facilitating communication through the transmission control protocol (TCP) and various other services. IoT devices are non-traditional computing hardware that connect wirelessly to a network, allowing data transmission. Within the context of Internet penetration and IoT devices, connected device analytics is essential for collecting, merging, monitoring, and deriving valuable insights from the data generated by IoT devices. As an illustration, the European Commission, a Belgium-based governing body, stated in July 2025 that roughly 40 billion IoT-connected devices were installed in 2023, with a projection to reach 49 billion by 2026, indicating an annual growth rate of 7%. Consequently, the rising penetration of the Internet and IoT devices is fueling the expansion of the connected device analytics market.
Connected Device Analytics Market Segmentation And Category Overview
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 Trends: What’s Defining The Industry’s Next Phase?
Leading companies in the Connected Device Analytics market are prioritizing the development of sophisticated solutions, such as real-time device monitoring and predictive analytics platforms, with the goal of optimizing operations and enhancing decision-making across various industries. These real-time device monitoring and predictive analytics platforms are advanced technologies that continuously track device performance and utilize data-driven algorithms to forecast potential issues or trends, thereby enabling proactive maintenance and smarter operational decisions. For instance, in January 2025, Qualcomm Incorporated, a US-based technology company, unveiled the Qualcomm Aware platform. This cloud-based service is engineered to offer enterprises comprehensive observability, monitoring, and location functionalities for intelligently connected devices across sectors including logistics, retail, energy, smart homes, and robotics. The platform delivers services such as device state monitoring, geolocation, indoor positioning, firmware management, and lifecycle management, allowing customers to track device health, manage large Internet of Things fleets, and collect telemetry data for analytical purposes without the need to construct custom infrastructure. By streamlining development, Qualcomm Aware accelerates the deployment of connected-device analytics solutions, particularly in applications like asset tracking, supply chain management, smart buildings, and industrial IoT.
Connected Device Analytics Market Competitive Analysis Of Leading Industry Participants
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
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Connected Device Analytics Market Geographic Spread And Regional Opportunities
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.
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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.
