Influence Of Internet And IoT Device Growth On Connected Device Analytics Driver: Leading Transformation in the Connected Device Analytics Market in 2025

What combination of drivers is leading to accelerated growth in the connected device analytics market?
The escalating pervasiveness of online connectivity and Internet of Things (IoT) gadgets is set to accelerate the expansion of the connected device analytics market. The Internet comprises an extensive array of networked computers, servers, phones, and modern appliances that relay messages by employing a transmission control protocol (TCP) and other utilities. IoT devices, on the other hand, are unconventional computing hardware that forges wireless connections with networks to facilitate data transmission. Analyzing data from Internet and IoT device penetrations is pivotal in assembling, coupling, monitoring, and extracting meaningful insights from the data generated by IoT devices. For example, a November 2022 report by the International Telecommunication Union (ITU), a UN affiliate based in Switzerland, revealed that global Internet usage had soared to an impressive 5.3 billion users, equating to 66% of the global population in 2022. This was a 6.1% improvement from the previous year. Furthermore, in August 2022, the Health Sector Cybersecurity Coordination Center (HC3), an American division of the Department of Health and Human Services (HHS) Cybersecurity Program, estimated that approximately 7 billion devices were connected via the Internet of Things (IoT) in 2022. Predictions suggest a significant boom, with an additional 20 billion devices anticipated to exploit this technology by 2025. Hence, the surging online and IoT device penetration is fueling the growth within the connected device analytics market.

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What is the projected compound annual growth rate (CAGR) of the connected device analytics market from 2025 to 2034, and what factors influence it?
In recent times, the market size for connected device analytics has seen remarkable growth. The market, which stands at $35.79 billion in 2024, is projected to increase to $44.28 billion by 2025, suggesting a compound annual growth rate (CAGR) of 23.7%. This growth trajectory during the historic period is due to various factors such as predictive analytics powered by AI, integration across platforms, the expansion of IoT ecosystems and data monetization, as well as a rising demand for hybrid and multi-cloud deployments alongside vertical-specific analytics solutions.

The market for connected device analytics is predicted to expand dramatically in the coming years, reaching a value of $103.15 billion by 2029 with a compound annual growth rate (CAGR) of 23.5%. The growth during the projected period is attributed to the increasing acceptance of 5G networks, emphasis on cybersecurity analytics, growth of smart cities and infrastructures, the advent of remote monitoring and telehealth, and adoption of digital twins. Other prominent trends set to impact the market in this period include the proliferation of IoT devices, the rising demand for immediate insights, the growth of cloud computing, the widening scope of edge computing, and an increased emphasis on predictive maintenance.

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What are the emerging trends shaping the future of the connected device analytics market?
The leading firms in the connected device analytics market are prioritizing the development of innovative solutions, such as connectivity and transaction platforms, to enhance their competitive position. A connectivity and transaction platform is a digital infrastructure that facilitates seamless communication and data exchange between devices, applications, and systems. This boosts efficiency, security, and functionality, encouraging innovation in various sectors. For instance, in February 2022, a prominent telecom company from the UK, Vodafone Group Plc, launched a global platform named Digital Asset Broker (DAB). This platform seeks to transform the connected devices landscape by offering secure, automatic transactions for users. Through the use of Vodafone's extensive Internet of Things (IoT) network, with over 140 million connections, DAB allows validated devices to conduct digital asset trading safely and smoothly, without requiring human intervention and ensuring total control for device owners. The platform employs advanced blockchain technology to safeguard reliable exchanges, permitting real-time financial transactions and simplifying the incorporation of connected devices in various sectors.

What are the major segments of the connected device analytics market and their role in driving growth?
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

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Which regions are key players in the growth of the connected device analytics market?
North America was the largest region in the connected device analytics market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the connected device analytics market?
Major companies operating in the connected device analytics market report 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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What Is Covered In The Connected Device Analytics Global Market Report?

• Market Size Forecast: Examine the connected device analytics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the connected device analytics market for a structured understanding.
• Key Players Overview: Analyze major players in the connected device analytics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected device analytics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the connected device analytics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected device analytics market.
• Industry Challenges: Identify potential risks and obstacles affecting the connected device analytics market.
• Competitive Landscape: Review strategic developments in the connected device analytics market, including expansions, agreements, and new product launches.

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