IoT Analytics Market is Expected to grow at a robust CAGR of 24.36% through 2030F

The IoT Analytics Market is increasing due to rising demand for integrated data analytics and real-time decision-making solutions across various industries during the forecast period 2026-2030F.        

According to TechSci Research report, “IoT Analytics Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, The Global IoT Analytics Market was valued at USD 27.28 billion in 2024 and is expected to reach USD 101.82 billion by 2030 with a CAGR of 24.36% during the forecast period.

An increasing focus on data security and privacy acts as a key driver in the IoT Analytics Market, compelling businesses to adopt analytics solutions that incorporate robust encryption, anomaly detection, and compliance features to safeguard sensitive information. With rising cyber threats targeting IoT vulnerabilities, companies are investing in analytics to monitor network behavior and mitigate risks, ensuring trust in connected ecosystems. This driver is vital in sectors like finance and healthcare, where data breaches can have severe consequences. The IoT Analytics Market advances through secure platforms that enable privacy-preserving techniques like differential privacy. Benefits include regulatory adherence and enhanced customer confidence, driving adoption. Economically, it reduces potential losses from attacks. Challenges are addressed via blockchain integration for immutable logs. Overall, this focus strengthens the IoT Analytics Market by prioritizing resilient, trustworthy systems.

The OECD indicates that in Europe, 76 percent of IoT usage in manufacturing is for premises security as of 2021. In Brazil, 86 percent of manufacturing enterprises use IoT for security purposes. The EU Parliament brief highlights that smart parking platforms address 30 percent wasted driving time in cities for parking searches. Cybersecurity developments are noted as critical drivers in the EU report, increasing trust in IoT devices. Global venture capital in IoT reached 8 billion United States dollars in 2020, partly driven by security needs. Patent growth for IoT security-related innovations averaged 20 percent annually from 2010 to 2018 per OECD data.

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Based on End User, In 2024, the Manufacturing segment dominated the Internet of Things Analytics Market and is expected to maintain its leading position throughout the forecast period due to the sector’s intensive adoption of connected devices, sensors, and smart machinery to enhance operational efficiency, reduce downtime, and optimize production processes. Manufacturing enterprises are increasingly leveraging Internet of Things analytics to gain actionable insights from real-time data, enabling predictive maintenance, quality control, and energy optimization. The integration of artificial intelligence and machine learning within analytics platforms allows manufacturers to detect anomalies, forecast equipment failures, and improve supply chain management, thereby minimizing operational disruptions and reducing costs.

Additionally, the rise of Industry 4.0 initiatives and smart factory implementations has further accelerated the adoption of Internet of Things analytics in manufacturing, as companies seek to digitally transform production processes and enhance competitiveness. The sector’s focus on automation, efficiency, and innovation drives demand for advanced analytics solutions capable of handling large volumes of heterogeneous data from diverse sources such as industrial equipment, robotics, and enterprise resource planning systems. Furthermore, manufacturers are increasingly collaborating with analytics solution providers and technology partners to implement scalable, cloud-based platforms that support real-time monitoring, predictive insights, and integration with enterprise systems.

The growing emphasis on sustainability and energy-efficient operations also contributes to the segment’s dominance, as manufacturers employ analytics to optimize resource utilization, reduce emissions, and comply with environmental regulations. Given these factors, the Manufacturing segment’s strong investment in digital technologies, commitment to operational excellence, and ongoing shift toward smart, data-driven production processes ensure that it will continue to dominate the Internet of Things Analytics Market during the forecast period, serving as a benchmark for industrial adoption of advanced analytics solutions across other industry verticals.

In 2024, Europe emerged as the fastest-growing region in the Internet of Things Analytics Market, driven by a combination of advanced technological infrastructure, supportive regulatory frameworks, and increasing adoption of connected devices across multiple industries. European countries such as Germany, the United Kingdom, France, and the Netherlands are leading the way in implementing Industry 4.0 initiatives, smart manufacturing solutions, and digital transformation programs, all of which heavily rely on Internet of Things analytics to optimize operations, enhance productivity, and improve decision-making processes. The region’s strong emphasis on sustainability and energy efficiency is also accelerating adoption, as organizations increasingly leverage analytics to monitor energy consumption, reduce carbon emissions, and optimize resource utilization.

Furthermore, Europe benefits from a mature technology ecosystem, including a robust presence of Internet of Things analytics solution providers, cloud infrastructure, and managed service providers, which facilitates seamless deployment, real-time monitoring, and integration of analytics platforms into existing enterprise systems. Government support, through initiatives such as smart city projects, intelligent transportation networks, and digital innovation funds, further reinforces market growth by encouraging enterprises to invest in advanced analytics solutions. Additionally, the region has seen significant advancements in artificial intelligence and machine learning integration within Internet of Things analytics platforms, enabling predictive and prescriptive insights that enhance operational efficiency and strategic planning.

The presence of research institutions, innovation hubs, and collaborations between public and private sectors also accelerates the development and adoption of cutting-edge analytics technologies. As European enterprises increasingly recognize the strategic value of data-driven decision-making and real-time insights, demand for scalable and sophisticated Internet of Things analytics solutions is expected to rise rapidly. These factors collectively position Europe as the fastest-growing region in the Internet of Things Analytics Market, reflecting its leadership in technology adoption, digital transformation, and innovative applications of connected data across diverse industries.

Key market players in the Global IoT Analytics Market are: -

• Microsoft Corporation
• IBM Corporation
• Oracle Corporation
• Cisco Systems, Inc.
• SAP SE
• Amazon Web Services, Inc.
• Hitachi, Ltd.
• Siemens AG
• Hewlett Packard Enterprise
• Intel Corporation

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“The Internet of Things Analytics Market is poised for significant growth in the future, driven by the increasing adoption of connected devices across industries such as manufacturing, healthcare, energy, and transportation. Advancements in artificial intelligence and machine learning are enhancing analytics capabilities, enabling real-time monitoring, predictive insights, and smarter decision-making. Enterprises are investing in scalable, cloud-based analytics platforms to optimize operations, improve efficiency, and reduce costs. Additionally, initiatives such as smart cities, Industry 4.0, and digital transformation programs will accelerate market demand. The growing emphasis on data-driven strategies ensures sustained expansion and innovation in the Internet of Things Analytics Market..” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global management consulting firm. “

IoT Analytics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Analytics Type (Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics), By Service Types (Managed Services, Professional Services), By End User (Manufacturing, Healthcare, Energy and Utilities, Transportation and Logistics, Retail, Information Technology and Telecommunications, Others), By Region &Competition, 2020-2030F, has evaluated the future growth potential of Global IoT Analytics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global IoT Analytics Market.

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