Connected Device Analytics Market Report 2026

The connected device analytics market size has grown exponentially in recent years. It will grow from $43.96 billion in 2025 to $54.22 billion in 2026 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to adoption of early iot devices, rise of wireless connectivity technologies, growth of industrial automation, increasing need for operational efficiency, early use of data analytics in manufacturing.

The connected device analytics market size is expected to see exponential growth in the next few years. It will grow to $125.6 billion in 2030 at a compound annual growth rate (CAGR) of 23.4%. The growth in the forecast period can be attributed to expansion of cloud-based analytics solutions, integration of AI for predictive insights, growth in industrial iot deployments, adoption in energy and utility sectors, increased use in smart building and infrastructure management. Major trends in the forecast period include predictive maintenance using connected device analytics, real-time remote monitoring solutions, energy and resource optimization analytics, inventory and asset management analytics, security and emergency management analytics.

The growing penetration of the internet and IoT devices is expected to drive the expansion of the connected device analytics market in the coming years. The internet is a global network of interconnected computers, servers, smartphones, and smart appliances that communicate using transmission control protocol (TCP) along with other services. IoT devices are non-traditional computing hardware that connect wirelessly to networks, enabling the transmission of data. Connected device analytics plays a vital role in environments with rising internet penetration and IoT adoption by collecting, integrating, monitoring, and deriving valuable insights from data generated by IoT devices. For example, in July 2025, the European Commission, a Belgium-based governing body, reported that in 2023, the number of installed IoT-connected devices was approximately 40 billion and is expected to increase to 49 billion by 2026, reflecting an annual growth rate of 7%. Therefore, the increasing penetration of the internet and IoT devices is fueling the growth of the connected device analytics market.

Major companies operating in the connected device analytics market are concentrating on developing innovative solutions, such as real-time device monitoring and predictive analytics platforms, to optimize operations and strengthen decision-making across various industries. Real-time device monitoring and predictive analytics platforms are technologies that continuously observe device performance and apply data-driven algorithms to anticipate issues or trends, enabling proactive maintenance and more informed operational decisions. For example, in January 2025, Qualcomm Incorporated, a US-based technology company, launched the Qualcomm Aware platform, a cloud-based service designed to provide enterprises with observability, monitoring, and location capabilities for intelligently connected devices across sectors including logistics, retail, energy, smart homes, and robotics. The platform delivers device state monitoring, geolocation, indoor positioning, firmware management, and lifecycle services, enabling organizations to track device health, manage large IoT fleets, and gather telemetry data for analytics without the need to develop custom infrastructure. By reducing development complexity, Qualcomm Aware accelerates the adoption of connected device analytics solutions, particularly for use cases such as asset tracking, supply chain management, smart buildings, and industrial IoT.

In January 2023, Schneider Electric SE, a France-based industrial automation and energy-management technology company, acquired AVEVA for an undisclosed amount. Through this acquisition, Schneider Electric aims to strengthen its industrial software and digital transformation capabilities, offering customers a comprehensive, integrated platform that combines energy management, automation, and industrial software solutions. AVEVA Group plc is a UK-based industrial software company specializing in connected device analytics.

Major companies operating in the connected device analytics market 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.

North America was the largest region in the connected device analytics market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the connected device analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have affected the connected device analytics market by increasing the cost of imported sensors, networking equipment, and specialized analytics hardware. Segments such as device management, data analytics solutions, and network management are most impacted, particularly in regions like North America, Europe, and Asia-Pacific that rely on imported technologies. While tariffs have raised operational costs and slowed deployments, they have also encouraged domestic production of components and solutions, prompting companies to innovate locally and optimize cost-efficient analytics platforms for connected devices.

The connected device analytics market research report is one of a series of new reports that provides connected device analytics market statistics, including connected device analytics industry global market size, regional shares, competitors with a connected device analytics market share, detailed connected device analytics market segments, market trends and opportunities, and any further data you may need to thrive in the connected device analytics industry. This connected device analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Connected device analytics involves the analysis of data collected from sensors and devices at the point of collection, offering valuable insights and actionable information from the vast data generated by connected devices, such as those in the Internet of Things (IoT). This process is applied to enhance operational efficiency, predict equipment maintenance requirements, detect anomalies, optimize resource allocation, and extract actionable insights from data generated by interconnected devices.

The primary components of connected device analytics include solutions and services. Solutions entail the identification and implementation of actions to address problems or answer questions. Various types of device connectivity, such as wireless personal area networks, wireless local area networks, low-power wide area networks, cellular or machine-to-machine, and wired connections, contribute to the overall landscape. Deployment options encompass on-premises and cloud modes, serving various applications such as security and emergency management, sales and customer management, remote monitoring, predictive maintenance, asset management, inventory management, energy management, building automation, among others. End-users span sectors such as manufacturing, transportation and logistics, energy and utilities, retail and e-commerce, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and defense, and other industries.

The connected device analytics market includes revenues earned by entities by providing services such as data collection, aggregation, analysis, and visualization for extracting insights. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.

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