Connected Device Analytics Market Report 2026

Connected Device Analytics Market Overview

• Connected Device Analytics market size has reached to $43.96 billion in 2025 • Expected to grow to $125.6 billion in 2030 at a compound annual growth rate (CAGR) of 23.4% • Growth Driver: Influence Of Internet And IoT Device Growth On Connected Device Analytics • Market Trend: Innovative Platforms Drive Smarter Operations Through Real-Time Monitoring And Predictive Insights • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Connected Device Analytics Market?

Connected device analytics refers to the analysis of data collected from sensors and other devices at the point of collection, providing insights and actionable information from the massive amount of data generated by connected devices, such as IoT devices. It is utilized to enhance operational efficiency, predict equipment maintenance needs, detect anomalies, optimize resource allocation, and derive actionable insights from data generated by interconnected devices. The main types of connected device analytics components are solutions and services. A solution refers to the process of identifying and implementing a course of action to solve a problem or answer a question. Various types of device connectivity include wireless personal area networks, wireless local area networks, low-power wide area networks, cellular or machine-to-machine, and wired. It can be deployed in several modes, such as on-premises and cloud, for various applications, including security and emergency management, sales and customer management, remote monitoring, predictive maintenance and asset management, inventory management, energy management, building automation, and others. The end users are included are from sectors including manufacturing, transportation and logistics, energy and utilities, retail and e-commerce, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and defense, and others.

What Is The Connected Device Analytics Market Growth Forecast?

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.

Global Connected Device Analytics Market Segmentation

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 Is The Driver 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 industry.

Key Players In The Global Connected Device Analytics Market

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

Global Connected Device Analytics Market Trends and Insights

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.

What Are Latest Mergers And Acquisitions In The Connected Device Analytics Market?

In January 2023, Schneider Electric SE, a France‑based industrial automation and energy‑management technology company, acquired AVEVA for an undisclosed amount. With this acquisition, Schneider Electric aims to enhance its industrial‑software and digital‑transformation capabilities, seeking to offer customers a holistic, integrated platform that combines energy management, automation, and industrial software solutions. AVEVA Group plc is a UK‑based industrial software company that specializes in providing connected device analytics.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Connected Device Analytics Market?

The connected device analytics market includes revenues earned by entities by providing services such as data collection, aggregation, analysis, and visualization for extracting insights. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Connected Device Analytics Market Report 2026?

The connected device analytics market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the connected device analytics industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.