Influence Of Internet And IoT Device Growth On Connected Device Analytics: Transformative Forces Shaping the Connected Device Analytics Market Landscape in 2025

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How Large Will the Connected Device Analytics Market Size By 2025?
The market size for connected device analytics has seen a dramatic expansion in the past few years. The sector is expected to expand from $35.79 billion in 2024 to $43.96 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 22.8%. Factors contributing to the growth during the historic period include the implementation of AI- driven predictive analytics, integration across multiple platforms, the burgeoning IoT ecosystems and data monetization, as well as the increasing demand for hybrid and multi-cloud deployments, and analytics solutions tailored for specific industries.

How Big Is the Connected Device Analytics Market Size Expected to Grow by 2029?
Expectations are that the market size for connected device analytics will experience extensive growth in the coming years, ballooning to $101.76 billion in 2029 with a compound annual growth rate (CAGR) of 23.3%. This predicted growth during the projected period can be attributed to factors like the roll-out of 5G networks, concentration on cybersecurity analytics, the expansion of smart cities and infrastructures, the rise in remote monitoring and telehealth, as well as the acceptance of digital twins. The tendency for the forecast period is skewed towards an increase in IoT device usage, an appetite for instant insights, growth in cloud computing, the burgeoning expansion of edge computing, and an enhanced focus on predictive maintenance.

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Which Key Market Drivers Powering Connected Device Analytics Market Expansion and Growth?
The expansion of the internet and IoT devices is set to boost the connected device analytics market in the future. The internet serves as a global grid linking different computers, servers, telephones, and smart gadgets through the transmission control protocol(TCP) along with other services. IoT devices are those unconventional computing devices that form wireless connectivity around a network, propelling data transmission. The role of connected device analytics is critical in the increased penetration of the internet and IoT devices for collecting, consolidating, monitoring, and extracting valuable insights from IoT-generated data. In November 2022, the International Telecommunication Union (ITU), a United Nations agency based out of Switzerland, reported global internet penetration had hit approximately 5.3 billion people, reflecting 66% of the global population in 2022, marking a 6.1% rise from 2021. The Health Sector Cybersecurity Coordination Center (HC3), a division within the Department of Health and Human Services (HHS) Cybersecurity Program in the US, noted in August 2022 that around 7 billion devices were linked via the Internet of Things (IoT) in 2022 and predictions point toward significant growth, with an additional 20 billion devices estimated to adopt this technology by 2025. Consequently, the rise in internet penetration and IoT devices drives the connected device analytics market's expansion.

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Which Fast-Growing Trends Are Poised to Disrupt the Connected Device Analytics Market?
Leading firms in the connected device analytics market are prioritizing the development of advanced solutions such as connectivity and transaction platforms to establish a competitive advantage. These platforms function as digital infrastructures that enable devices, applications, and systems to interact and share data with increased ease and efficiency, thereby fostering innovation across a broad range of industries. For example, Vodafone Group Plc, a telecommunication corporation based in the UK, launched the Digital Asset Broker (DAB) in February 2022. This global platform aims to enhance the world of connected devices by offering secure, automated transactions for users. By leveraging Vodafone's expansive Internet of Things (IoT) network, which connects over 140 million devices, DAB enables trusted devices to exchange digital assets smoothly and securely without human intervention. Meanwhile, it allows owners to maintain full control. The application of cutting-edge blockchain technology guarantees safe and trustworthy exchanges, enabling real-time financial transactions and the efficient integration of connected devices across various sectors.

What Are the Emerging Segments in the Connected Device Analytics Market?
The connected device analyticsmarket 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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Connected Device Analytics Industry?
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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