Connected Device Analytics Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Connected Device Analytics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for connected device analytics has seen immense growth recently, climbing from $35.79 billion in 2024 to an anticipated $44.28 billion in 2025, with a projected compound annual growth rate (CAGR) of 23.7%. This expansive growth previously observed is credited to advancements in AI-driven predictive analytics, cross-platform integration, the growth of Internet of Things (IoT) ecosystems and data capitalization, as well as the rising demand for hybrid and multi-cloud deployment strategies and industry-specific analytics solutions.

Connected Device Analytics Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to surge dramatically in the coming years, the market size for connected device analytics is predicted to reach $103.15 billion in 2029, with a compound annual growth rate (CAGR) of 23.5%. This remarkable development during the projected period could be ascribed to several factors such as the adoption of 5G networks, emphasizing cybersecurity analytics, advancement of intelligent cities and infrastructure, the ascendance of remote monitoring and telehealth, and the adoption of digital twins. Key trends in the forecast period contributing to this growth include the widespread use of IoT devices, the increasing demand for real-time insights, the advancement of cloud computing, the spread of edge computing, and an increased emphasis on predictive maintenance.

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What Are the Drivers Transforming the Connected Device Analytics Market?
The upward trend in the usage of the Internet and IoT devices is anticipated to bolster the expansion of the connected device analytics market in the future. The Internet forms a vast network of interconnected computers, servers, phones, and smart appliances, which interact with each other through the transmission control protocol (TCP) and other such services. IoT devices denote non-traditional computing devices that establish wireless connections to a network, facilitating the transfer of information. The analytics of connected devices in the sphere of Internet penetration and IoT devices plays a crucial role in assimilating, compiling, monitoring, and drawing beneficial insights from the data produced by IoT devices. For example, in November 2022, the International Telecommunication Union (ITU), a UN agency based in Switzerland, stated in a publication that the worldwide Internet penetration touched an estimated figure of 5.3 billion users, signifying 66% of the global population in 2022, marking a growth rate of 6.1% over 2021. Moreover, in August 2022, the Health Sector Cybersecurity Coordination Center (HC3), a segment of the US Department of Health and Human Services (HHS) Cybersecurity Program, claimed that nearly 7 billion devices were connected via the Internet of Things (IoT) in 2022, and it is predicted that a substantial rise is on the cards, with an estimated addition of 20 billion devices expected to utilize this technology by 2025. Hence, the enhanced penetration of the Internet and IoT devices is turbocharging the growth of the connected device analytics market.

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What Long-Term Trends Will Define the Future of the Connected Device Analytics Market?
Firms playing major roles in the connected device analytics marketplace are strategizing to launch sophisticated features like connectivity and transaction platforms, to secure their position in the market. These platforms are essentially digital environments that enable devices, systems, and applications to effectively communicate and share data. They boost efficiency, safety, and functionalities, leading to innovation in numerous sectors. For instance, Vodafone Group Plc, a UK-based telecom firm, launched the Digital Asset Broker (DAB) in February 2022. DAB is a worldwide platform that aims to improve the connected devices landscape by streamlining secure, automated transactions for the users. Leveraging the extensive Internet of Things (IoT) network of Vodafone, encompassing over 140 million connections, DAB facilitates devices to execute digital asset trades smoothly and securely, without any human intervention, yet maintaining full authority for the device owners. Integrated with advanced blockchain technology, the platform guarantees safe and trusted exchanges, thus allowing real-time financial operations and making the inclusion of connected devices in various sectors more straightforward.

Which Segments in the Connected Device Analytics Market Offer the Most Profit Potential?
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 Firms Dominate the Connected Device Analytics Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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.

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