Global Industrial Internet of Things (IIoT) Market Research Report: Forecast (2025-2030)

Industrial Internet of Things (IIoT) Market - By Components (Hardware, Software & Services), By Connectivity (Wired Technologies, Wireless Technologies), By Application (Product Li......fecycle Management, Manufacturing and Executions Systems, Supervisory Control and Data Acquisition [SCADA], Outage Management Systems, Distribution Management Systems, Remote Monitoring, Retail Management, Transit Management Systems, Predictive Maintenance, Others), By End Users (Manufacturing, Energy, Oil & Gas, Metal & Mining, Healthcare, Retail, Transportation, Agriculture), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Cisco Systems, Inc., GE, Honeywell, Intel, IBM, ABB, Telefonica, Robert Bosch, Rockwell Automation, Siemens, Accenture, Capgemini, Texas Instrument, ARM Holding, PTC, HCL, Maverick, and Others) Read more

  • ICT & Electronics
  • Jun 2025
  • 242
  • PDF, Excel, PPT

Market Definition

The usage of Internet of Things (IoT) technologies & concepts in industrial contexts is referred to as the Industrial Internet of Things (IIoT). In order to optimize operations, improve efficiency, and facilitate new functionality in industrial contexts, this technology entails connecting & integrating numerous industrial devices, equipment, sensors, and systems.

Market Insights & Analysis: Global Industrial Internet of Things (IIoT) Market (2025-30):

The Global Industrial Internet of Things (IIoT) Market size was valued at around USD 414.05 billion in 2024 and is expected to reach USD 2334.44 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 33.41% during the forecast period, i.e., 2025-30.

The market has been significantly fueled by rising investments in technologies in an effort to have to develop the nations worldwide & the emergence of big data analytics. The two main factors propelling industry expansion are a high level of intelligent automation, declining operational costs, and the expanding industrial IoT. Additionally, it is anticipated that by 2030, there will be over 120 billion IoT devices online, further generating a demand curve for this technology. Moreover, technological advancement & the use of AI, ML, and robotics in the sectors such as manufacturing, oil & gas, healthcare, agriculture, and others are some of the key contributing factors to the market growth of industrial IoT worldwide. The proliferating 3D printing technology in developed countries in manufacturing automotive components, healthcare equipment, etc., is also adding pace to the market.

Also, Wi-Fi connectivity has been widely used across the globe, therefore technological advancements in wireless network devices & the rapid uptake of cloud platforms would both uplift market expansion. The government's promotion of industrial automation & the demand for high productivity & efficiency is one of the main factors propelling the market growth. Besides, it is predicted that the use of industrial IoT for predictive maintenance & a pitch in data center density would present sizable market expansion prospects. However, the lack of standardization & expensive capital as well as operating costs might somewhat impede the expansion of this industry.

Report Coverage Details
Historical Years 2020–23
Base Years 2024
Forecast Years 2025–30
Market Value in 2024 USD 414.05 Billion
Market Value by 2030 USD 2334.44 Billion
CAGR (2025–30) 33.41%
Leading Region Asia-Pacific
Top Key Players Cisco Systems, Inc., GE, Honeywell, Intel, IBM, ABB, Telefonica, Robert Bosch, Rockwell Automation, Siemens, Accenture, Capgemini, Texas Instrument, ARM Holding, PTC, HCL, Maverick, and Others
Segmentation By Components (Hardware, Software & Services), By Connectivity (Wired Technologies, Wireless Technologies), By Application (Product Lifecycle Management, Manufacturing and Executions Systems, Supervisory Control and Data Acquisition [SCADA], Outage Management Systems, Distribution Management Systems, Remote Monitoring, Retail Management, Transit Management Systems, Predictive Maintenance, Others), By End Users (Manufacturing, Energy, Oil & Gas, Metal & Mining, Healthcare, Retail, Transportation, Agriculture), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Cisco Systems, Inc., GE, Honeywell, Intel, IBM, ABB, Telefonica, Robert Bosch, Rockwell Automation, Siemens, Accenture, Capgemini, Texas Instrument, ARM Holding, PTC, HCL, Maverick, and Others)
Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation
  • Recent Strategic Moves by Companies
  • Primary Stakeholders
  • Import/Export Trend Analysis
  • Competitive Landscape Assessment
  • Emerging Opportunities
  • Market Trends and Indicators

 

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Nevertheless, as we all know, the general population nowadays is very familiar with several communication technologies due to the widespread use of smartphones, tablets, TVs, and many other devices, as part of daily lifestyle. However, a few additional technologies are emerging & are merged with industrial IoT threads for household appliances & Whitespace TV technologies, thus creating an opportunistic arena for the growth of the Global Industrial Internet of Things (IIOT) Market in the following years.

Global Industrial Internet of Things (IIoT) Market Driver:

Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry – The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors, it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Industrial Internet of Things (IIoT) Market Overview
    1. Architecture
    2. Key End User Requirements
    3. Case Studies
    4. Industry Value Chain
  5. Global Industrial Internet of Things (IIoT) Evolution
  6. Global Industrial Internet of Things (IIoT) Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Year-on-Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalist (VC) Funding
      4. Others
  7. Global Industrial Internet of Things (IIoT) Market Trends & Insights
  8. Global Industrial Internet of Things (IIoT) Market Dynamics
    1. Growth Drivers
    2. Challenges
  9. Global Industrial Internet of Things (IIoT) Market Hotspot & Opportunities
  10. Global Industrial Internet of Things (IIoT) Market Policies, Regulations, Product Standards
  11. Global Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Components
        1. Hardware- Market Size & Forecast 2020-2030F, USD Million
          1. Sensors- Market Size & Forecast 2020-2030F, USD Million
          2. RFID- Market Size & Forecast 2020-2030F, USD Million
          3. Industrial Robotics- Market Size & Forecast 2020-2030F, USD Million
          4. Distributed Control Systems- Market Size & Forecast 2020-2030F, USD Million
          5. Condition Monitoring- Market Size & Forecast 2020-2030F, USD Million
          6. Smart Meters- Market Size & Forecast 2020-2030F, USD Million
          7. Electronic Shelf Labels- Market Size & Forecast 2020-2030F, USD Million
          8. Cameras- Market Size & Forecast 2020-2030F, USD Million
          9. Smart Beacons- Market Size & Forecast 2020-2030F, USD Million
          10. Interface Boards- Market Size & Forecast 2020-2030F, USD Million
          11. Yield Monitors- Market Size & Forecast 2020-2030F, USD Million
          12. Guidance and Steering- Market Size & Forecast 2020-2030F, USD Million
          13. Flow & Application Control Devices- Market Size & Forecast 2020-2030F, USD Million
          14. Networking Component- Market Size & Forecast 2020-2030F, USD Million
        2. Software & Services- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity
        1. Wired Technologies- Market Size & Forecast 2020-2030F, USD Million
          1. Ethernet- Market Size & Forecast 2020-2030F, USD Million
          2. Modbus- Market Size & Forecast 2020-2030F, USD Million
          3. Profinet- Market Size & Forecast 2020-2030F, USD Million
          4. Foundation Field Bus- Market Size & Forecast 2020-2030F, USD Million
        2. Wireless Technologies- Market Size & Forecast 2020-2030F, USD Million
          1. Wi-Fi- Market Size & Forecast 2020-2030F, USD Million
          2. Zigbee- Market Size & Forecast 2020-2030F, USD Million
          3. Bluetooth- Market Size & Forecast 2020-2030F, USD Million
          4. Cellular Technologies- Market Size & Forecast 2020-2030F, USD Million
          5. Satellite Technologies- Market Size & Forecast 2020-2030F, USD Million
      3. By Application
        1. Product Lifecycle Management- Market Size & Forecast 2020-2030F, USD Million
        2. Manufacturing and Executions Systems- Market Size & Forecast 2020-2030F, USD Million
        3. Supervisory Control and Data Acquisition (SCADA) - Market Size & Forecast 2020-2030F, USD Million
        4. Outage Management Systems- Market Size & Forecast 2020-2030F, USD Million
        5. Distribution Management Systems- Market Size & Forecast 2020-2030F, USD Million
        6. Remote Monitoring- Market Size & Forecast 2020-2030F, USD Million
        7. Retail Management- Market Size & Forecast 2020-2030F, USD Million
        8. Transit Management Systems- Market Size & Forecast 2020-2030F, USD Million
        9. Predictive Maintenance- Market Size & Forecast 2020-2030F, USD Million
        10. Others (Visualization Software, Farm Management, etc.) - Market Size & Forecast 2020-2030F, USD Million
      4. By End Users
        1. Manufacturing- Market Size & Forecast 2020-2030F, USD Million
          1. Automotive- Market Size & Forecast 2020-2030F, USD Million
          2. Machinery- Market Size & Forecast 2020-2030F, USD Million
          3. Food & Beverages- Market Size & Forecast 2020-2030F, USD Million
          4. Chemicals and Materials- Market Size & Forecast 2020-2030F, USD Million
          5. Electrical and Electronics- Market Size & Forecast 2020-2030F, USD Million
          6. Pharmaceuticals- Market Size & Forecast 2020-2030F, USD Million
        2. Energy- Market Size & Forecast 2020-2030F, USD Million
        3. Oil & Gas- Market Size & Forecast 2020-2030F, USD Million
        4. Metal & Mining- Market Size & Forecast 2020-2030F, USD Million
        5. Healthcare- Market Size & Forecast 2020-2030F, USD Million
        6. Retail- Market Size & Forecast 2020-2030F, USD Million
        7. Transportation- Market Size & Forecast 2020-2030F, USD Million
        8. Agriculture- Market Size & Forecast 2020-2030F, USD Million
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Competition Characteristics
        2. Revenue Shares & Analysis
  12. North America Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity- Market Size & Forecast 2020-2030F, USD Million
      3. By Application- Market Size & Forecast 2020-2030F, USD Million
      4. By End Users- Market Size & Forecast 2020-2030F, USD Million
      5. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The U.S. Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    4. Canada Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    5. Mexico Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
  13. South America Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity- Market Size & Forecast 2020-2030F, USD Million
      3. By Application- Market Size & Forecast 2020-2030F, USD Million
      4. By End Users- Market Size & Forecast 2020-2030F, USD Million
      5. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    4. Argentina Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
  14. Europe Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity- Market Size & Forecast 2020-2030F, USD Million
      3. By Application- Market Size & Forecast 2020-2030F, USD Million
      4. By End Users- Market Size & Forecast 2020-2030F, USD Million
      5. By Country
        1. The UK
        2. France
        3. Germany
        4. Spain
        5. Italy
        6. Rest of Europe
    3. The UK Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    4. France Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    5. Germany Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    6. Spain Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    7. Italy Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
  15. Middle East and Africa Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity- Market Size & Forecast 2020-2030F, USD Million
      3. By Application- Market Size & Forecast 2020-2030F, USD Million
      4. By End Users- Market Size & Forecast 2020-2030F, USD Million
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East & Africa
    3. The UAE Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    4. Saudi Arabia Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    5. South Africa Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
  16. Asia-Pacific Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component- Market Size & Forecast 2020-2030F, USD Million
      2. By Connectivity- Market Size & Forecast 2020-2030F, USD Million
      3. By Application- Market Size & Forecast 2020-2030F, USD Million
      4. By End Users- Market Size & Forecast 2020-2030F, USD Million
      5. By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. South Korea
        6. Rest of Asia-Pacific
    3. China Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    4. India Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    5. Japan Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    6. Australia Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
    7. South Korea Industrial Internet of Things (IIoT) Market Outlook, 2020-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component- Market Size & Forecast 2020-2030F, USD Million
        2. By End Users- Market Size & Forecast 2020-2030F, USD Million
  17. Global Industrial Internet of Things (IIoT) Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Company Profiles
      1. Cisco Systems, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. GE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Honeywell
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Intel
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. IBM
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. ABB
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Telefonica
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Robert Bosch
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Rockwell Automation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Siemens
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Accenture
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Capgemini
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Texas Instrument
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. ARM Holding
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. PTC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. HCL
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      17. Maverick
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      18. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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