The Connected Device Analytics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Connected Device Analytics Global
Market Report 2024, The connected device analytics market size is expected to
see exponential growth in the next few years. It will grow to $83.39 billion in
2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be
attributed to adoption of 5G networks, focus on cybersecurity analytics,
expansion of smart cities and infrastructure, rise of remote monitoring and
telehealth, embrace of digital twins. Major trends in the forecast period
include proliferation of IoT devices, demand for real-time insights, growth of
cloud computing, expansion of edge computing, rising focus on predictive
maintenance.
The increase in penetration of the Internet and IoT devices is expected to
propel the growth of the connected device analytics market going forward. The
Internet is a global network of interconnected computers, servers, phones, and
smart appliances that communicate with each other using the transmission
control protocol (TCP) along with other types of services. IoT devices refer to
unconventional computing hardware that establishes wireless connections to a
network, enabling the transmission of data. Connected device analytics in
Internet penetration and IoT devices are crucial for gathering, combining,
tracking, and extracting useful insights from the data produced by IoT devices.
For instance, in November 2022, according to a publication by the International
Telecommunication Union (ITU), a Switzerland-based United Nations agency,
global Internet penetration reached an estimated 5.3 billion people,
representing 66% of the world's population in 2022, with a growth of 6.1% over
2021. Furthermore, in August 2022, according to the Health Sector Cybersecurity
Coordination Center (HC3), a US-based part of the Department of Health and
Human Services (HHS) Cybersecurity Program, approximately 7 billion devices are
connected through the Internet of Things (IoT) in 2022, and projections
indicate substantial growth, with an estimated 20 billion additional devices
expected to leverage this technology by the year 2025. Therefore, the increase
in penetration of the Internet and IoT devices is driving the growth of the
connected device analytics market.
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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
Major companies operating in the connected device analytics market are focusing
on introducing advanced solutions, such as advanced connected digital analytics
solutions, to gain a competitive edge in the market. Advanced connected digital
analytics solutions encompass a range of sophisticated techniques and
technologies that enable the comprehensive analysis of data from interconnected
devices, such as IoT devices. For instance, in September 2021, Piano Software,
Inc., a Netherlands-based company that provides software solutions, launched
Piano Analytics, a new digital analytics solution. It is a connected device
analytics solution that collects and integrates data from various sources,
including web browsers, servers, and connected devices, such as smart speakers
and televisions. This offers a privacy-centric digital analytics solution with
a unified data approach, enabling organizations to collect, unify, and analyze
diverse data sources for personalized experiences and detailed performance
insights. This solution challenges established players by providing
organizations with a powerful, compliant, and flexible analytics tool that
empowers analysts to explore digital performance in detail.
The connected device analytics market report table of contents includes:
1. Executive Summary
2. Connected Device
Analytics Market Characteristics
3. Connected Device
Analytics Market Trends And Strategies
4. Connected Device
Analytics Market - Macro Economic Scenario
5. Global Connected Device
Analytics Market Size and Growth
.
32. Global Connected Device Analytics Market Competitive Benchmarking
33. Global Connected Device
Analytics Market Competitive Dashboard
34. Key Mergers And
Acquisitions In The Connected Device Analytics Market
35. Connected Device
Analytics Market Future Outlook and Potential Analysis
36. Appendix
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