From GlobeNewswire: 2025-04-24 10:00:00

The IoT Analytics Market was valued at USD 26.90 billion in 2023, projected to reach USD 180.36 billion by 2032 with a CAGR of 23.60%. Major players include Accenture, Amazon Web Services, Cisco, Dell, and Google. The market growth is driven by IoT device expansion, AI integration, and the demand for advanced analytics solutions.

The U.S. IoT Analytics Market was valued at USD 6.98 billion in 2023, expected to reach USD 45.45 billion by 2032 with a CAGR of 23.14%. Growth is fueled by widespread IoT adoption in healthcare, manufacturing, and transportation, as well as the need for real-time data analysis and advancements in AI and connectivity technologies.

Descriptive Analytics dominated the IoT Analytics Market in 2023, accounting for approximately 37% of total revenue. The Solutions segment led the market with about 70% revenue share in 2023, driven by demand for advanced analytics tools. Small & Medium Enterprises are projected to witness the fastest growth in the market, with a CAGR of around 26.13% during 2024-2032.

The Cloud segment led the IoT Analytics market in 2023, accounting for approximately 69% of total revenue. The Asset Management segment is expected to record the fastest CAGR of about 26.77% during the period between 2024 and 2032, driven by the increasing use of IoT technologies for asset tracking and optimization across industries. The IoT Analytics market is growing as organizations prioritize asset management solutions for operational efficiency. The Manufacturing segment leads, capturing 30% of revenue, driven by IoT technologies enhancing production and reducing costs. North America dominates the market with 37% revenue share, while Asia Pacific is expected to see the fastest growth at 26.08% CAGR.



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