Global Business IoT Data Analytics Market Growth (Status and Outlook) 2025-2031

According to this study, the global Business IoT Data Analytics market size will reach US$ 6783 million by 2031.

Business IoT (Internet of Things) data analytics refers to the process of collecting, analyzing, and interpreting large volumes of data generated by interconnected IoT devices within a business environment to gain actionable insights and drive strategic decisions. These devices, which can include sensors, machinery, vehicles, smart meters, and other equipment, continuously produce data related to operations, performance, usage, and environmental conditions. Business IoT data analytics involves the use of advanced analytical tools and techniques—such as machine learning, predictive analytics, and real-time data processing—to uncover patterns, detect anomalies, optimize processes, reduce costs, and enhance customer experiences. By leveraging this data, organizations can improve operational efficiency, forecast maintenance needs, ensure asset tracking, and create innovative products or services. This analytics process plays a crucial role in enabling businesses across industries—such as manufacturing, logistics, retail, and healthcare—to transition from reactive to proactive and data-driven decision-making models.

United States market for Business IoT Data Analytics is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Business IoT Data Analytics is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Business IoT Data Analytics is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Business IoT Data Analytics players cover Vodafone, KORE, PTC, Accenture, Capgemini, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Business IoT Data Analytics Industry Forecast” looks at past sales and reviews total world Business IoT Data Analytics sales in 2024, providing a comprehensive analysis by region and market sector of projected Business IoT Data Analytics sales for 2025 through 2031. With Business IoT Data Analytics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Business IoT Data Analytics industry.

This Insight Report provides a comprehensive analysis of the global Business IoT Data Analytics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Business IoT Data Analytics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Business IoT Data Analytics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Business IoT Data Analytics and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Business IoT Data Analytics.

This report presents a comprehensive overview, market shares, and growth opportunities of Business IoT Data Analytics market by product type, application, key players and key regions and countries.

Segmentation by Type:
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics

Segmentation by Application:
Healthcare
Aerospace
Logistics
Retail
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vodafone
KORE
PTC
Accenture
Capgemini
Deloitte
Imaginovation
BICS
Coforge
RND Square
IBM Consulting
TCS
Infosys
HCLTech
Cognizant
Wipro
Bosch Global Software Technologies
SAS
ScienceSoft
Telenor IoT
Yalantis
Netguru
HeliousTin
WEBBYLAB
Digital Aptech

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