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Connected Device Analytics Market

Connected Device Analytics Market

by Component (Software and Services), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises), Application (Security & Emergency Management, Sales & Customer Management, Inventory Management, Remote Monitoring, Building Automation, and Others), and End User (BFSI, IT & Telecom, Manufacturing, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A13001
Pages: NA
Nov 2022 | 832 Views
Author(s) : Vineet K
Tables: NA
Charts: NA
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Connected Device Analytics Market Statistics: 2030

Connected devices are physical appliances that can connect with each other through the internet. It connects computing hardware, such as a laptop or a desktop computer, to mobile devices such as a smartphone or tablet. This growing list of items includes home appliances, heating and cooling devices, vehicles, health & fitness trackers, environmental sensors, and others. These devices which are generally integrated with technology such as processing chips, software, and sensors, collect data and share them with other devices and systems. Connected devices are usually monitored and controlled remotely. They simply connect with the help of internet to each other through various wired and wireless networks. The connected device analytics allows businesses to build platforms and services that allow them to effectively manage and evaluate real-time information streams from different data sources. This enables companies to better optimize, manage, and predict business processes and operations, improve profitability and efficiency, and neutralize threats.

Market scope and structure analysis

Report Metric


 Market size available for years


 Base year considered


 Forecast period


 Forecast units

 Value ($)

 Segments covered

Component, Deployment Model, Enterprise Size, Application, End User, and Region

 Regions Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

 Companies covered

Cisco Systems Inc., International Business Machines Corporation, Intel Corporation, Microsoft Corporation, PTC Inc., Huawei Technologies Co. Ltd., Amazon Web Services, Software AG, Google LLC., Oracle Corporation

COVID-19 Scenario Analysis

  • The COVID-19 outbreak has negatively affected the market and customers behavior and it has a significant impact on economies and societies. Connected device analytics businesses are seeing a slowdown due to the global lockdown and lack of labor force. The competition between the major connected device analytics businesses is expected to strengthen as most upcoming IoT and analytics plans have been kept on hold because of the pandemic situation.
  • Adoption of new practices, such as work for home and social distancing, is generating the need for remote surveillance, smart payment technologies, and building digital infrastructure for large scale implementations. With the increasing emphasis on health, there has been an increase in demand for health-related wearable devices. The adoption of connected technologies is expected to drive the growth of the connected device analytics market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increasing work on remote surveillance for supporting the initiative of work from home and increased acceptance of technologies, such as smart payments, are factors that significantly driving the growth of the connected device analytics market. In addition, increased diffusion of the internet and adoption of IoT devices among people are expected to increase the market growth. However, lack of highly qualified personnel for the deployment of technology hampers the growth of the market. Furthermore, the growing awareness of the necessity to generate real-time insights, which could be acted upon in real-time using IoT sensors data is expected to provide lucrative opportunities to the growth of the connected device analytics market.

The market trends for connected device analytics market are as follows:

E-commerce and retail sector to implement connected device technology

The e-commerce and retail sector has witnessed tremendous growth for the past few years. The adoption of advanced technologies has boosted the growth of the segment. The retail and e-commerce suppliers are expected to implement connected device analytics solutions to identify product demand and maintain their inventory more effectively. The growing need for retailers to deliver a more comprehensive shopping experience with detailed interactions, which leads to a high level of customer involvement, drives the growth of the connected device analytics market.

Implementation of IoT devices for security and emergency management

The security and emergency managing application is expected to lead the market during the forecast period. The growth could be credited to the focus of companies for decreasing cyber threats and hacking to maintain data privacy, reliability, and availability across the IT infrastructure. New threats are expected to emerge in the near future as hackers are continuously attacking on IoT devices to extract useful information of the company. IoT devices need to update timely to reduce the risk of cyber-attack.

Key segments covered


Sub segments


  • Software 
  • Services

 Deployment Model

  • On-Premises
  • Cloud

 Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises


  • Security & Emergency Management
  • Sales & Customer Management
  • Inventory Management
  • Remote Monitoring
  • Building Automation
  • Others

 End User

  • BFSI
  • IT & Telecom
  • Manufacturing
  • Healthcare
  • Others

Key benefits of the report

  • This study presents analytical depiction of the connected device analytics market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the connected device analytics market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the connected device analytics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.

Questions answered in the connected device analytics market research report

  • Which are the leading players active in the connected device analytics market?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Connected Device Analytics Market Report Highlights

Aspects Details
By Service Model
  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a service (SaaS)
By Organization Size
  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises
By Deployment Model
  • Public cloud
  • Private cloud
By Industry Verticals
  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunications
  • IT and ITeS
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Company 10

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