GITNUX MARKETDATA REPORT 2024

Iot Analytics Industry Statistics

The IoT analytics industry is projected to experience significant growth in the coming years as the number of connected devices continues to increase, with the market expected to reach a value of $81.75 billion by 2025.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics shaping the IoT analytics industry, offering insights into market trends, regional dynamics, and future projections. Keep reading to gain a deeper understanding of the evolving landscape of IoT analytics and its impact on various sectors.

Statistic 1

"By 2022, the global IoT analytics market size is expected to reach USD 57.3 billion, from USD 19.1 billion in 2017."

Statistic 2

"China emerged as the largest market for IoT Analytics in the Asia Pacific in 2019."

Statistic 3

"In 2020, the energy sector accounted for approximately 15% of the market share in the IoT analytics industry."

Statistic 4

"About 80% of enterprises are projected to increase their IoT spending in 2021."

Statistic 5

"Industrial IoT analytics market is expected to grow at a rate of 30.3% between 2019 and 2025."

Statistic 6

"North America dominated the IoT Analytics market with a share of 35.3% in 2019."

Statistic 7

"Predictive maintenance applications are the fastest-growing applications in the IoT analytics market, projected to grow at 60% CAGR from 2021 to 2026."

Statistic 8

"In 2019, software accounted for the majority share of approximately 53% in the IoT analytics market."

Statistic 9

"As of 2020, 90% of industrial enterprises used IoT to improve operational efficiency."

Statistic 10

"IoT devices are expected to generate around 79.4 zettabytes of data by 2025."

Statistic 11

"The total number of IoT connected devices is projected to reach 75.44 billion worldwide by 2025—a fivefold increase in ten years."

Statistic 12

"By 2026, more than 50% of home internet traffic will be used by appliances and devices, expected to raise the demand for IoT analytics."

Statistic 13

"By 2021, nearly 1 in 4 data points are projected to be collected and analyzed via IoT devices."

The IoT analytics industry is experiencing significant growth and evolution, with projections indicating a substantial market size increase by 2022. China is leading the way in the Asia Pacific region, with the energy sector playing a notable role in the market share. Enterprises are increasingly investing in IoT technologies, particularly in predictive maintenance applications and software solutions. The industrial IoT analytics market is poised for substantial growth, driven by the vast amount of data generated by IoT devices. With the proliferation of connected devices and the shift towards smart appliances, the demand for IoT analytics is expected to rise sharply in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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