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Connected Device Analytics Market
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Connected Device Analytics Market

Author: Ranjana Pant - Research Analyst, Report ID - DS1103019, Published - February 2025

Segmented in Deployment Mode (Cloud, On Premises), Technology Type (Network, Application, Device), Component, Industry Vertical, End User and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Connected Device Analytics
Market Outlook

The market, for Connected device analytics was estimated at $36.5 billion in 2024; and it is anticipated to increase to $106.8 billion by 2030 with projections indicating a growth to around $261.4 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 19.6% over the forecast period. The robust expansion in the Connected Device Analytics sector can be largely attributed to the snowballing generation and adoption of large-scale data from various connected devices a trend aptly dubbed as big data. Rising technological advancements in the field of IoT, increased usage of real-time data analysis, and the escalating prioritization for data-driven decision-making processes in many industries are the key driving factors propelling thisindustry'sgrowth. Expected to remain critically relevant in the coming years, Connected Device Analytics holds significant potential in revolutionizing data interpretation while strategically leveraging it for business advantage


Exploring Device Analytics in depth uncovers its advanced capabilities in providing in depth insights by examining data generated by connected devices or IoT devices. This technique offers real time data analysis and predictive modeling using ML to enhance decision making processes. Its primary applications span across industries, like healthcare manufacturing, retail, and transportation. By empowering businesses to oversee and control devices it enhances performance predicts device malfunctions and facilitates efficient resource distribution.


Market Size Forecast & Key Insights

2019
$36.5B2024
2029
$218B2034

Absolute Growth Opportunity = $182B

The Connected Device Analytics market is projected to grow from $36.5 billion in 2024 to $218 billion in 2034. This represents a CAGR of 19.6%, reflecting rising demand across Predictive Maintenance in Manufacturing, Healthcare and Patient Monitoring and Smart Homes and Energy Management.

The Connected Device Analytics market is set to add $182 billion between 2024 and 2034, with industry players targeting Manufacturing & Retail Industry Vertical projected to gain a larger market share.

With Increased adoption of iot , and Advancements in big data and predictive analytics, Connected Device Analytics market to expand 499% between 2024 and 2034.

Opportunities in the Connected Device Analytics Market

Smarter Cities through Connected Analytics

The rise of Smart Cities’ trends brings forth an opportunity for leveraging Connected Device Analytics enabling the integration of infrastructure elements through analytics ready devices to enhance operational efficiencies and governance effectiveness. Countries that allocate resources, to Smart City projects can greatly leverage Connected Device Analytics technology for benefits.

Leveraging IoT for Data-Driven Insights and Collaborations and Strategic Partnerships

The IOT has greatly changed how companies operate by allowing them to make decisions based on data collected from connected devices. Through combining Device Analytics with IoT technology businesses can gain valuable insights from previously unused data improving their decision making processes and long term strategies. This collaboration has the potential to create a market, for Connected Device Analytics solutions in the future.

Establish alliances with tech companies or prospective customers to open up fresh opportunities for Connected Device Analytics firms to grow and thrive in the market space. Connect through collaborations and joint projects to spark creativity and produce enhanced solutions that cater well to evolving consumer demands, in the industry landscape.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe there are chances for analyzing Connected Devices due to the move towards Industry 4 and the strong support from governments for digitalization and complying with data privacy regulations! The increasing investments in IoT and ML technologies are pushing the market growth in this region further ahead! Big players like SAP SE and Oracle Corporation are players in this region! The growing need for real time data analysis from industries like healthcare to manufacturing is a factor driving competition, in Europe's Connected Device Analytics market!.

North America Outlook

North America stands out as a hub for technological progress and a major player in the Connected Device Analytics market scenario due to its prominent market players and technological innovations in this field. The regions leadership position is largely influenced by the embrace of IOT and AI . Additionally the increasing utilization of devices is fueling the rising need, for effective analytics solutions to process and make use of the immense volume of data being produced. In a competitive environment with players like IBM Corporation and Microsoft Corporation, in the mix. Its crucial to set yourself with unique features and competitive pricing.

North America Outlook

North America stands out as a hub for technological progress and a major player in the Connected Device Analytics market scenario due to its prominent market players and technological innovations in this field. The regions leadership position is largely influenced by the embrace of IOT and AI . Additionally the increasing utilization of devices is fueling the rising need, for effective analytics solutions to process and make use of the immense volume of data being produced. In a competitive environment with players like IBM Corporation and Microsoft Corporation, in the mix. Its crucial to set yourself with unique features and competitive pricing.

Europe Outlook

In Europe there are chances for analyzing Connected Devices due to the move towards Industry 4 and the strong support from governments for digitalization and complying with data privacy regulations! The increasing investments in IoT and ML technologies are pushing the market growth in this region further ahead! Big players like SAP SE and Oracle Corporation are players in this region! The growing need for real time data analysis from industries like healthcare to manufacturing is a factor driving competition, in Europe's Connected Device Analytics market!.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Germany, United Kingdom, Japan are expected to grow at 18.8% to 27.4% CAGR

2

Emerging Markets : India, Brazil, South Africa are expected to grow at 14.7% to 20.4% CAGR

Market Analysis Chart

The field of Connected Device Analytics is experiencing expansion as a result of several market influences guiding its development paths. One key factor is the spread of connected devices worldwide driving the demand for in depth and practical analytics. Consumers and businesses are both actively embracing transformation efforts which in turn increase the necessity to extract valuable insights, from the vast data produced by these IOT devices.

Recent Developments and Technological Advancement

December 2024

IBM introduced a feature to its Connected Device Analytics lineup that boosts the predictive maintenance functions, for IOT devices.

October 2024

Microsoft Azures Connected Device Analytics service is enhanced with AI to provide real time analytics and valuable insights.

July 2024

Google Cloud Platform has expanded its Device Analytics features to address the demands of edge computing.

The Connected Device Analytics market has seen advancements in recent years due to technological progressions playing a crucial role in driving innovation forward. The utilization of ML and AI algorithms has brought about changes alongside the evolving trends in data management practices enabling the exploration of new possibilities in analyzing data from connected devices. A notable trend is the rising emphasis, on real time data analysis, which is transforming theindustry'sdynamics.

Impact of Industry Transitions on the Connected Device Analytics Market

As a core segment of the IT industry, the Connected Device Analytics market develops in line with broader industry shifts. Over recent years, transitions such as Rise of Predictive Analytics and Adoption of Realtime Analytics have redefined priorities across the IT sector, influencing how the Connected Device Analytics market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Rise of Predictive Analytics:

The adoption of device analytics has resulted in the emergence of predictive analytics in business operations and decision making processes by utilizing data gathered from IoT devices to forecast upcoming trends and user actions efficiently. Such evolution has sparked transformations across diverse sectors; in healthcare specifically predictive analytics is now utilized to project potential health concerns proactively leading to a notable enhancement, in the quality of patient care.

2

Adoption of Realtime Analytics:

Real time data analysis marks another shift brought about by connected device analytics technology. A departure from the passive nature of conventional analytics to offering actionable insights, in real time as data unfolds organically. To illustrate this point in the context of operations; utilizing real time analysis of data captured by connected devices empowers businesses to deliver tailored shopping experiences that elevate customer interactions and loyalty significantly.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the IT industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the IT industry cascade into the Connected Device Analytics market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increased Adoption of IOT , and Evolving Smart Home Ecosystems

With the expansion of the IOT we are also witnessing a significant increase in the number of internet connected devices in use today. These devices produce data that requires careful analysis to extract valuable insights and highlight the importance of efficient Connected Device Analytics. The rising popularity of IoT is also a factor driving growth in the Connected Device Analytics sector with a special emphasis, on understanding data patterns and usage trends originating from IoT devices.
The growing popularity of home gadgets is also driving the need, for Connected Device Analytics as well. These analytics help us analyze how devices are also used and understand user preferences to enhance their experience and tailor services accordingly.
The significant progress in data and predictive analytics technologies has also paved the way for the expansion of Connected Device Analytics field extensively seen in businesses today. As companies grasp the advantages of delving into data sets better through analysis tools that are also advanced in nature. This holds significance when it comes to leveraging Connected Device Analytics for making informed decisions, in industries and businesses to improve operations and strategic planning.

Restraint: Data Privacy and Compliance Issues

One of the challenges in implementing Connected Device Analytics is the concern surrounding data privacy and adherence to regulations. Data collected from devices contains sensitive and personal information. There are laws and rules in effect to safeguard against unauthorized data access. Adherance to these regulations can sometimes limit the expansion of Device Analytics in the market, for companies.

Challenge: Technical Complexity

Analyzing data from connected devices poses a technical challenge due to the wide variety of datas that must be processed and interpreted. Many companies struggle to handle and analyze extensive and diverse data effectively due to a lack of skills and expertise. This difficulty hinders the adoption of Connected Device Analytics in the market with potential implications, for market growth.

Supply Chain Landscape

Device Designing & Engineering

IBM

Microsoft

Component Manufacturing

Intel

Qualcomm

Analytics Software Development
SAP / Oracle
End-use
Healthcare / Retail / Manufacturing
Device Designing & Engineering

IBM

Microsoft

Component Manufacturing

Intel

Qualcomm

Analytics Software Development

SAP

Oracle

End-use

Healthcare

Retail

Manufacturing

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Connected Device Management
Telecommunications
Cisco Systems
Incorporating Machine Learning for efficient device management
Real-Time Analytics
Retail
SAP
Harnessing real-time data to optimize customer experience
Predictive Maintenance
Manufacturing
IBM
Implementing IoT and AI for predictive analytics
Energy Management
Utility
Siemens
Leveraging analytics for energy efficiency and conservation

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Connected Device Analytics market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Connected Device Analytics in Healthcare and Patient Monitoring, Predictive Maintenance in Manufacturing and Smart Homes and Energy Management

Healthcare and Patient Monitoring

The healthcare industry greatly benefits from Connected Device Analytics by monitoring patients health conditions using data from devices like health monitors and wearable technology to provide personalized treatment quickly and efficiently. Tech giants such, as Google and Apple are utilizing this technology for patient monitoring and predicting diseases to offer tailored medical solutions.

Predictive Maintenance in Manufacturing

Connected Device Analytics is essential for anticipating equipment issues in manufacturing industries through maintenance processes using advanced analytics technology to predict potential failures by examining machine data patterns These insights enable timely maintenance to reduce unexpected downtime and enhance operational efficiency Major companies like IBM Watson and SAP utilize these benefits to maintain a strong foothold, in the market.

Smart Homes and Energy Management

The usage of Device Analytics is widespread in overseeing smart home gadgets and energy management systems! By examining data from linked household appliances and gadgets; it can offer insights into usage trends for conserving energy and automating home functions effectively! A prime example is the automated control of lighting and temperature based on residents preferences and daily routines! Giant companies such, as Amazon and Siemens are tapping into these benefits to offer users and user friendly solutions!.

Connected Device Analytics vs. Substitutes:
Performance and Positioning Analysis

Connected Device Analytics offers in-depth data analysis from interconnected devices, superior to its alternatives in hassle-free integration and scalability. It holds strong market potential due to an increasing reliance on integrated technology systems

Connected Device Analytics
    Enhanced decision making with real-time information, Improved operational efficiency
    Dependence on high-quality and consistent data, High setup
    Robust data handling capabilities, Improved decision making
    Less flexibility, Higher initial investment

Connected Device Analytics vs. Substitutes:
Performance and Positioning Analysis

Connected Device Analytics

  • Enhanced decision making with real-time information, Improved operational efficiency
  • Dependence on high-quality and consistent data, High setup

IoT Data Analytics / network analytics / Edge Computing

  • Robust data handling capabilities, Improved decision making
  • Less flexibility, Higher initial investment

Connected Device Analytics offers in-depth data analysis from interconnected devices, superior to its alternatives in hassle-free integration and scalability. It holds strong market potential due to an increasing reliance on integrated technology systems

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Research Methodology

This market research methodology defines the Connected Device Analytics market scope, gathers reliable data, and validates findings through integrated primary and secondary research. Our systematic framework ensures precise market sizing, adoption analysis, and competitive benchmarking tailored to solution-driven ecosystems.


Secondary Research Approach


We initiate secondary research by defining the targeted market at both Regional and Country levels. As part of the IT ecosystem, we analyze Connected Device Analytics across Enterprises and Small & Medium sized Enterprises Applications. Data is systematically gathered from country level ministerial sources, industry associations & federations, company annual & quarterly reports and other credential sources, allowing us to map solution deployment trends, pricing models, compliance requirements, and technology adoption pathways.


Key Sources Referenced:

• Annual Business Surveys (US, EU, Japan)

• NAICS - Economic Statistics (US, Canada) / IMF DSBB

Annual Reports / Industry Magazines / Country Level

DataString Database

We benchmark competitors such as IBM, Microsoft, and Oracle using verified industry reports, customer case studies, company disclosures, and partner ecosystem strategies. Our secondary insights uncover solution-specific drivers and inhibitors, which form the foundation for targeted primary research.


Primary Research Methods


We conduct structured interviews and surveys with solution stakeholders, including Device Designing & Engineering, Component Manufacturing, and Analytics Software Development. Geographic coverage spans North America (45%), Europe (33%), and Asia-Pacific (22%) and Middle East & Africa (5%). Our online surveys generally achieve a 72% response rate, while expert interviews deliver an 86% engagement level, resulting in a 93% confidence level with ±6.1% margin of error.


Through targeted questionnaires and in-depth interviews, we capture adoption motivators, integration challenges, return-on-investment perceptions, and solution stickiness across enterprise segments. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Adoption-Rate modeling to forecast solution demand with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate global IT revenues to estimate the Connected Device Analytics segment, leveraging enterprise digitalization budgets and IT spending patterns. In the Bottom-up approach, we aggregate deployment data at the country and vertical levels, considering subscription volumes, integration projects, and solution renewals to forecast regional and global adoption. By reconciling both approaches, we ensure statistical robustness and forecast reliability.


We further map the solution delivery value chain spanning Device Designing & Engineering (IBM, Microsoft), Component Manufacturing (Intel, Qualcomm), and Analytics Software Development. Our parallel substitute analysis examines IoT Data Analytics, network analytics, and Edge Computing, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading solution providers such as IBM, Microsoft, and Oracle, analyzing their strengths in deployment scalability, integration capabilities, customer retention, and partner ecosystem development. Company revenues, case deployments, and recurring revenue streams are assessed to estimate market shares and clarify competitive positioning.


Our integration of triangulated data, ecosystem mapping, and solution benchmarking, enhanced by our proprietary Directional Superposition methodology, ensures precise forecasts and actionable strategic insights into the Connected Device Analytics market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Connected Device Analytics Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 43.7 billion
Revenue Forecast in 2034USD 218 billion
Growth RateCAGR of 19.6% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202436.5 billion
Growth OpportunityUSD 182 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202436.5 billion USD
Market Size 202762.4 billion USD
Market Size 202989.3 billion USD
Market Size 2030106 billion USD
Market Size 2034218 billion USD
Market Size 2035261 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredDeployment Mode, Technology Type, Component, Industry Vertical, End User
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledIBM, Microsoft, Oracle, SAP, Cisco Systems, HP Enterprise, Google, Accenture, Capgemini, Teradata, Amazon Web Services and General Electric
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Connected Device Analytics Market Size, Opportunities & Strategic Insights, by Deployment Mode

4.1Cloud
4.2On Premises
Chapter 5

Connected Device Analytics Market Size, Opportunities & Strategic Insights, by Technology Type

5.1Network
5.2Application
5.3Device
Chapter 6

Connected Device Analytics Market Size, Opportunities & Strategic Insights, by Component

6.1Software
6.2Services
Chapter 7

Connected Device Analytics Market Size, Opportunities & Strategic Insights, by Industry Vertical

7.1Healthcare
7.2Manufacturing
7.3Retail
7.4Utilities
Chapter 8

Connected Device Analytics Market Size, Opportunities & Strategic Insights, by End User

8.1Enterprises
8.2Small & Medium sized Enterprises
Chapter 9

Connected Device Analytics Market, by Region

9.1North America Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Connected Device Analytics Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1IBM
10.2.2Microsoft
10.2.3Oracle
10.2.4SAP
10.2.5Cisco Systems
10.2.6HP Enterprise
10.2.7Google
10.2.8Accenture
10.2.9Capgemini
10.2.10Teradata
10.2.11Amazon Web Services
10.2.12General Electric