Connected Device Analytics Market Industry Outlook Presents Revenue And CAGR Projections To 2030


 How Has The Size And Value Of The Connected Device Analytics Market Changed During The 2026–2030 Period?

The connected device analytics market size has grown exponentially in recent years. It will grow from $43.96 billion in 2025 to $54.22 billion in 2026 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to adoption of early iot devices, rise of wireless connectivity technologies, growth of industrial automation, increasing need for operational efficiency, early use of data analytics in manufacturing.

The connected device analytics market size is expected to see exponential growth in the next few years. It will grow to $125.6 billion in 2030 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to expansion of cloud-based analytics solutions, integration of AI for predictive insights, growth in industrial iot deployments, adoption in energy and utility sectors, increased use in smart building and infrastructure management. Major trends in the forecast period include predictive maintenance using connected device analytics, real-time remote monitoring solutions, energy and resource optimization analytics, inventory and asset management analytics, security and emergency management analytics.

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What Drivers Are Contributing To The Expansion Trajectory Of The Connected Device Analytics Market?
The increase in penetration of the Internet and IoT devices is expected to propel the growth of the connected device analytics market going forward. The Internet is a global network of interconnected computers, servers, phones, and smart appliances that communicate with each other using the transmission control protocol (TCP) along with other types of services. IoT devices refer to unconventional computing hardware that establishes wireless connections to a network, enabling the transmission of data. Connected device analytics in Internet penetration and IoT devices are crucial for gathering, combining, tracking, and extracting useful 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, the number of installed IoT-connected devices was around 40 billion and is projected to grow to 49 billion by 2026, representing an annual growth rate of 7%. Therefore, the increase in penetration of the Internet and IoT devices is driving the growth of the connected device analytics market.

Which Primary Segments Are Included In The Detailed Analysis Of The Connected Device Analytics Market?
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

What Major Trends Are Set To Shape The Connected Device Analytics Market Outlook Through The Forecast Period?
Major companies operating in the Connected Device Analytics market are focusing on developing innovative solutions, such as real-time device monitoring and predictive analytics platforms, to optimize operations and enhance decision-making across industries. Real-time device monitoring and predictive analytics platforms are technologies that continuously track device performance and use data-driven algorithms to forecast issues or trends, enabling proactive maintenance and smarter operational decisions. For instance, in January 2025 Qualcomm Incorporated, a US-based technology company, launched the Qualcomm Aware platform, a cloud-based service designed to provide enterprises with observability, monitoring, and location capabilities for intelligently connected devices across industries such as logistics, retail, energy, smart homes, and robotics. The platform offers device state monitoring, geolocation, indoor positioning, firmware management, and lifecycle services, allowing customers to track device health, manage large IoT fleets, and collect telemetry data for analytics without the need to build custom infrastructure. By reducing development complexity, Qualcomm Aware accelerates the deployment of connected-device analytics solutions, particularly in applications like asset tracking, supply chain management, smart buildings, and industrial IoT.

Which Major Corporations Play A Crucial Role In The Connected Device Analytics Market Landscape?
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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Which Regions Demonstrate The Highest Growth Momentum In The Connected Device Analytics Market?
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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