Smart Connected Assets And Operations Market Report 2026

Smart Connected Assets And Operations Market Overview

• Smart Connected Assets And Operations market size has reached to $321.65 billion in 2025 • Expected to grow to $581.89 billion in 2030 at a compound annual growth rate (CAGR) of 12.5% • Growth Driver: Growth Of Smart Cities Fueling The Growth Of The Market Due To Rapid Urbanization And Technological Advancements • Market Trend: AI-Powered Platform Transforms Zero-Emission Fleet Operations • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Smart Connected Assets And Operations Market?

Smart connected assets and operations refer to the integration of internet of things (IoT) technologies into physical assets and operational processes, enabling real-time data collection, monitoring, and analysis. The primary purpose is to enhance operational efficiency, improve asset performance, and reduce downtime by enabling predictive maintenance, real-time decision-making, and automation of tasks across industries. The main solutions types of smart connected assets and operations are asset management, operations management, field service management, and supply chain management. Asset management refers to the systematic monitoring, tracking, and optimization of an organization’s physical and digital assets throughout their lifecycle, leveraging connected technologies and data analytics. It utilizes technologies such as internet of things, artificial intelligence, blockchain, and big data analytics, and includes hardware, asset performance management software and platform and services modules. It is deployed through on-premises, cloud-based, and hybrid, serving end use industries such as manufacturing, healthcare, transportation and logistics, energy and utilities.

What Is The Smart Connected Assets And Operations Market Growth Forecast?

The smart connected assets and operations market size is expected to see rapid growth in the next few years. It will grow to $581.89 billion in 2030 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to AI-driven prescriptive maintenance recommendations, edge analytics for low latency decision-making, integration of digital twins for operations planning, cybersecurity hardening for connected assets, sustainability-led energy and asset efficiency programs. Major trends in the forecast period include predictive maintenance for connected industrial assets, real-time operations monitoring with iot dashboards, asset performance management platforms for downtime reduction, automation of field service workflows with mobile tools, connected supply chain visibility and logistics optimization.

Global Smart Connected Assets And Operations Market Segmentation

1) By Solution Type: Asset Management, Operations Management, Field Service Management, Supply Chain Management 2) By Technology Type: Internet of Things, Artificial Intelligence, Blockchain, Big Data Analytics 3) By Module: Hardware, (APM) Asset Performance Management Software And Platform, Services 4) By Deployment Type: On-Premises, Cloud-Based, Hybrid 5) By End Use Industry Type: Manufacturing, Healthcare, Transportation and Logistics, Energy And Utilities Subsegments: 1) By Asset Management: Inventory Tracking, Equipment Monitoring, Lifecycle Management, Predictive Maintenance 2) By Operations Management: Workflow Automation, Performance Monitoring, Resource Allocation, Process Optimization 3) By Field Service Management: Service Scheduling, Work Order Management, Mobile Workforce Management, Remote Assistance 4) By Supply Chain Management: Demand Planning, Logistics Optimization, Supplier Collaboration, Order Fulfillment

What Is The Driver Of The Smart Connected Assets And Operations Market?

The growing emphasis on smart cities is expected to propel the growth of the smart connected assets and operations market going forward. Smart cities are urban areas that use digital technologies, data, and smart infrastructure to improve the quality of life, enhance service efficiency, and promote sustainability. The rising emphasis on smart cities is due to rapid urbanization, as cities seek innovative solutions to manage infrastructure, resources, and population growth efficiently. Smart connected assets and operations enhance the efficiency and sustainability of smart cities by integrating digital technologies into urban infrastructure. These assets, such as intelligent street lighting, smart waste management systems, and connected transportation, enable real-time data collection and automated decision-making. For instance, in April 2023, according to the International Institute for Management Development, a Switzerland-based academic institution, the number of smart cities reached 141 in 2023 compared to previous years. Therefore, the growing emphasis on smart cities is driving the growth of the smart connected assets and operations industry.

Key Players In The Global Smart Connected Assets And Operations Market

Major companies operating in the smart connected assets and operations market are Microsoft Corporation, Alibaba Group Holding Limited, Amazon Web Services Inc., Siemens AG, NVIDIA Corporation, Rockwell Automation Inc., Dassault Systèmes SE, Hexagon AB, Autodesk Inc., Trimble Inc., ANSYS Inc., Unity Software Inc., Bentley Systems Incorporated, DeepMind Technologies Limited, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Hitachi Ltd., Bosch Group

Global Smart Connected Assets And Operations Market Trends and Insights

Major companies operating in the sustainability and asset management sector are focusing on developing advanced digital platforms, such as zero-emission asset management platforms, to boost operational efficiency, enhance regulatory compliance, and reduce carbon footprint. Zero-emission asset management platforms refer to integrated software solutions that enable businesses to monitor, manage, and report on the sustainability and environmental impact of their assets, facilitating the transition to net-zero goals. For instance, in November 2024, Aion-Tech Solutions, an India-based digital technology company, through its subsidiary ROQIT Greenfleet Digital Solutions, launched ROQIT, a zero-emission, AI-powered asset management platform designed to transform sustainable fleet operations. ROQIT is a cloud-native software-as-a-service (SaaS) solution that enables real-time monitoring, predictive maintenance, and emissions tracking across multiple asset types, including four-wheelers, buses, trucks, and railway vehicles. The platform integrates artificial intelligence (AI), internet of things (IoT), and data analytics to optimize route planning, enhance operational efficiency, and support organizations in achieving carbon-neutral mobility and long-term sustainability goals.

What Are Latest Mergers And Acquisitions In The Smart Connected Assets And Operations Market?

In November 2025, Rockwell Automation Inc., a US-based industrial automation and information technology company, acquired Verve Industrial Protection Inc. for an undisclosed amount. With this acquisition, Rockwell Automation aims to bolster its industrial cybersecurity capabilities, enabling it to offer secure, integrated solutions for Smart Connected Assets and Operations, protecting IoT devices and networks in industrial environments. Verve Industrial Protection Inc. is a US-based cybersecurity company specializing in providing smart connected assets and operations.

Regional Insights

Asia-Pacific was the largest region in the smart connected assets and operations market in 2025. Asia-Pacific is expected to be the 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 Smart Connected Assets And Operations Market?

The smart connected assets and operations market consists of revenues earned by entities by providing services such as remote monitoring and diagnostics, predictive maintenance, cybersecurity management, digital integration, and data analytics and insights services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart connected assets and operations market also includes sales of smart sensors, industrial gateways, connected control systems, condition monitoring devices, and cloud-based analytics platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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 Smart Connected Assets And Operations Market Report 2026?

The smart connected assets and operations 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 smart connected assets and operations 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.