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.

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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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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."

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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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."

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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."

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Statistic 13

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

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