Product Code: GVR-1-68038-803-9
Industrial Internet of Things Market Growth & Trends:
The global industrial internet of things market size is estimated to reach USD 1,693.44 billion by 2030, registering a CAGR of 23.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market growth is being driven by a significant focus on predictive maintenance, automation, and efficient supply chain management across various industrial sectors, particularly manufacturing. Many organizations have acknowledged the advantages of integrating industrial IoT to enhance productivity and have implemented a variety of advanced Industrial IoT solutions using compatible hardware, such as actuators and sensors, along with software. This has contributed to the market growth.
Companies are involved in strategic partnerships and collaborations and are allocating substantial resources towards research and development to drive innovation and to stay competitive in the industry. For instance, in February 2024, Digi International Inc. introduced the Digi IX40, a 5G edge computing industrial IoT cellular router solution. The Digi IX40 is specifically designed for Industry 4.0 applications, including advanced robotics, predictive maintenance, asset monitoring, industrial automation, and smart manufacturing. Such strategies by market players are anticipated to augment the market growth in the coming years.
The increasing application of M2M across various industries, such as automotive, smart cars, utilities, smart grids, home automation, healthcare, and security, is expected to drive the adoption of industrial IoT across businesses. The data collected by OT, M2M, and IoT systems is expected to integrate both operational and informational technology, thereby opening new insights to innovate the decision-making process.
The adoption of sensors and distributed control systems will help to control and manage work processes and automate management processes for all industrial operations. As a result, the demand for implementing sensors and DCS in various business operations will increase annually. Thus, there is a global increase in the need for sensors and DCS due to multiple associated advantages, which is driving the market growth in the coming years.
Industrial Internet of Things Market Report Highlights:
- Based on components, the services segment is anticipated to grow at the fastest CAGR over the forecast period, owing to a significant increase in the number of connected gadgets.
- By end-use, the manufacturing sub-segment led the market with the largest revenue share in 2023, as companies are rapidly adopting digital manufacturing technologies, while the logistics & transport segment is anticipated to grow at the fastest CAGR over the forecast period.
- North America accounted for the largest revenue share of 31.0% in 2024, closely followed by Europe owing to the early adoption and implementation of industrial internet of things technology.
- In May 2024, Proxgy, an industrial internet of things startup, launched a satellite-based smart lock locator, designed for the transportation and logistics industry. The smart lock comes with state-of-the-art features, including real-time tamper alerts, geofencing, geolocation tracking, RFID and NFC smart key unlock, and remote lock/unlock capabilities.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Industrial Internet of Things (IIoT) Market Snapshot
- 2.2. Industrial Internet of Things (IIoT) Market- Segment Snapshot (1/2)
- 2.3. Industrial Internet of Things (IIoT) Market- Segment Snapshot (2/2)
- 2.4. Industrial Internet of Things (IIoT) Market- Competitive Landscape Snapshot
Chapter 3. Industrial Internet of Things (IIoT) Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Deployment Challenge
- 3.3. Process Automation & Instrumentation Market Analysis Tools
- 3.3.1. Deployment Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Industrial Internet of Things (IIoT) Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2024 & 2030
- 4.2. Industrial Internet of Things (IIoT) Market Estimates & Forecast, By Component (USD Million)
- 4.2.1. Solution
- 4.2.1.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.1.2. Remote Monitoring
- 4.2.1.2.1. Remote Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.1.3. Data Management
- 4.2.1.3.1. Data Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.1.4. Analytics
- 4.2.1.4.1. Analytics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.1.5. Security Solutions
- 4.2.1.5.1. Security Solutions Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.1.6. Others
- 4.2.1.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2. Services
- 4.2.2.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.2. Professional
- 4.2.2.2.1. Professional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.2.3. Managed
- 4.2.2.3.1. Managed Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3. Platform
- 4.2.3.1. Platform Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.2. Connectivity Management
- 4.2.3.2.1. Connectivity Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.3. Application Management
- 4.2.3.3.1. Application Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.2.3.4. Device Management
- 4.2.3.4.1. Device Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Internet of Things (IIoT) Market: Deployment Estimates & Trend Analysis
- 5.1. Deployment Movement Analysis & Market Share, 2024 & 2030
- 5.2. Industrial Internet of Things (IIoT) Market Estimates & Forecast, By Deployment (USD Million)
- 5.2.1. On-premises
- 5.2.1.1. On-premises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Cloud
- 5.2.2.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Industrial Internet of Things (IIoT) Market: Connectivity Estimates & Trend Analysis
- 6.1. Connectivity Movement Analysis & Market Share, 2024 & 2030
- 6.2. Industrial Internet of Things (IIoT) Market Estimates & Forecast, By Connectivity (USD Million)
- 6.2.1. Wired Technology
- 6.2.1.1. Wired Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Wireless Technology
- 6.2.2.1. Wireless Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Industrial Internet of Things (IIoT) Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2024 & 2030
- 7.2. Industrial Internet of Things (IIoT) Market Estimates & Forecast, By Application (USD Million)
- 7.2.1. Predictive Maintenance
- 7.2.1.1. Predictive Maintenance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Asset Tracking & Maintenance
- 7.2.2.1. Asset Tracking & Maintenance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Remote Monitoring
- 7.2.3.1. Remote Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Process Optimization
- 7.2.4.1. Process Optimization Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5. Safety & Security
- 7.2.5.1. Safety & Security Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6. Supply Chain Management
- 7.2.6.1. Supply Chain Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Industrial Internet of Things (IIoT) Market: End Use Estimates & Trend Analysis
- 8.1. End Use Movement Analysis & Market Share, 2024 & 2030
- 8.1.1. Industrial Internet of Things (IIoT) Market Estimates & Forecast, By End Use (USD Million)
- 8.1.2. Metal & Mining
- 8.1.2.1. Metal & Mining Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.3. Chemical
- 8.1.3.1. Chemical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.4. Manufacturing
- 8.1.4.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.5. Energy & Power
- 8.1.5.1. Energy & Power Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.6. Oil & Gas
- 8.1.6.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.7. Healthcare
- 8.1.7.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.8. Logistics & Transport
- 8.1.8.1. Logistics & Transport Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.9. Agriculture
- 8.1.9.1. Agriculture Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.1.10. Others
- 8.1.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Industrial Internet of Things (IIoT) Market: Regional Estimates & Trend Analysis
- 9.1. Industrial Internet of Things (IIoT) Market by Region, 2024 & 2030
- 9.2. North America
- 9.2.1. North America Industrial Internet of Things (IIoT) Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 9.2.2. U.S.
- 9.2.2.1. Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.4. Benelux
- 9.3.4.1. Benelux Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.3.5. Nordic Countries
- 9.3.5.1. Nordic Countries Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.3. Japan
- 9.4.3.1. Japan Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.4. India
- 9.4.4.1. India Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.4. Chile
- 9.5.4.1. Chile Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.5.5. Peru
- 9.5.5.1. Peru Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6. Middle East and Africa
- 9.6.1. Middle East and Africa Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.2. Saudi Arabia
- 9.6.2.1. Saudi Arabia Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.3. South Africa
- 9.6.3.1. South Africa Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 9.6.4. UAE
- 9.6.4.1. UAE Industrial Internet of Things (IIoT) Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Industrial Internet of Things (IIoT) Market - Competitive Landscape
- 10.1. Company Categorization
- 10.2. Company Market Positioning
- 10.3. Company Heat Map Analysis
- 10.4. Company Profiles/Listing
- 10.4.1. ABB Ltd.
- 10.4.1.1. Participant's Overview
- 10.4.1.2. Financial Performance
- 10.4.1.3. Product Benchmarking
- 10.4.1.4. Recent Developments
- 10.4.2. ARM Holdings Plc
- 10.4.2.1. Participant's Overview
- 10.4.2.2. Financial Performance
- 10.4.2.3. Product Benchmarking
- 10.4.2.4. Recent Developments
- 10.4.3. Atmel Corporation
- 10.4.3.1. Participant's Overview
- 10.4.3.2. Financial Performance
- 10.4.3.3. Product Benchmarking
- 10.4.3.4. Recent Developments
- 10.4.4. Cisco Systems Inc.
- 10.4.4.1. Participant's Overview
- 10.4.4.2. Financial Performance
- 10.4.4.3. Product Benchmarking
- 10.4.4.4. Recent Developments
- 10.4.5. General Electric Company (GE)
- 10.4.5.1. Participant's Overview
- 10.4.5.2. Financial Performance
- 10.4.5.3. Product Benchmarking
- 10.4.5.4. Recent Developments
- 10.4.6. Honeywell International Inc.
- 10.4.6.1. Participant's Overview
- 10.4.6.2. Financial Performance
- 10.4.6.3. Product Benchmarking
- 10.4.6.4. Recent Developments
- 10.4.7. International Business Machine (IBM) Corporation
- 10.4.7.1. Participant's Overview
- 10.4.7.2. Financial Performance
- 10.4.7.3. Product Benchmarking
- 10.4.7.4. Recent Developments
- 10.4.8. Intel Corporation
- 10.4.8.1. Participant's Overview
- 10.4.8.2. Financial Performance
- 10.4.8.3. Product Benchmarking
- 10.4.8.4. Recent Developments
- 10.4.9. Microsoft Corporation
- 10.4.9.1. Participant's Overview
- 10.4.9.2. Financial Performance
- 10.4.9.3. Product Benchmarking
- 10.4.9.4. Recent Developments
- 10.4.10. Rockwell Automation Inc.
- 10.4.10.1. Participant's Overview
- 10.4.10.2. Financial Performance
- 10.4.10.3. Product Benchmarking
- 10.4.10.4. Recent Developments
- 10.4.11. Schneider Electric SE
- 10.4.11.1. Participant's Overview
- 10.4.11.2. Financial Performance
- 10.4.11.3. Product Benchmarking
- 10.4.11.4. Recent Developments
- 10.4.12. Siemens AG
- 10.4.12.1. Participant's Overview
- 10.4.12.2. Financial Performance
- 10.4.12.3. Product Benchmarking
- 10.4.12.4. Recent Developments