Industrial IoT Market Size, Share & Industry Report

Report Code SE 2909
Published in Jun, 2024, By MarketsandMarkets™
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Industrial IoT Market Size, Share & Industry Trends Growth Analysis Report by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029

Overview

The global industrial IoT market size is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029, growing at a CAGR of 8.1% during the forecast period from 2024 to 2029. Rise in demand for IoT-enabled digital transformation in businesses across verticals, and predictive maintenance of machinery create lucrative opportunities whereas lack of standardization in IoT protocols is a major restraint for the growth of the industrial iot industry market.

Attractive Opportunities in the Industrial IoT Market

ASIA PACIFIC:

Market growth can be attributed to significant improvement in audience engagement and demand for data-driven decisions and operations.

Support from governments of different countries for R&D activities related to standardization of IPv6 and increased use of cloud computing platforms are expected to drive the global industrial IoT market

Acquisitions and product launches are expected to offer lucrative opportunities for market players in the next five years.

The manufacturing segment held the largest share of the industrial IoT market in 2023.

The market’s growth can also be attributed to the rapid adoption of artificial intelligence (AI) and Internet of Things (IoT) in the manufacturing sector.

Global Industrial IoT Market Dynamics

DRIVER: Rise in demand for automation in industries

Over the past few years, industrial automation has witnessed significant growth in the manufacturing sector. Owing to high market competition and end user demand, manufacturers are more concerned with producing higher volume and better-quality products.These efforts have led to an increased focus on core areas, such as the production process, asset monitoring, and maintenance and support of assets in the factory. The use of automation will enable manufacturers to reduce human labor costs and expenses, increase productivity, enhance the consistency of processes or products, and deliver quality products.Industrial automation processes use control systems, such as computers or robots, to monitor and handle processes and machines. Industrial IoT platforms play an important role in enhancing the process of industrial automation. Industrial IoT platforms help generate cooperative communication and interaction from manufacturing control systems like actuators, robotics, and analyzers. These platforms help to improve flexibility and deliver enhanced manufacturing.

RESTRAINT: Lack of standardization in IoT protocols

To increase economies of scale, more technical standardization is required for reducing the industrial IoT platform market’s entry barriers. Hence, there is a need for a global governing body. The standards are to be carefully designed to enable innovations in the industrial IoT market.Often, service providers help drive large parts of the market toward an acceptable IoT communications protocol. While some preliminary protocols are visible to the market, formally available protocols remain to be seen. The International Telecommunication Union (ITU) has created an Internet of Things Global Standard Initiative (IoT-GSI) for developing a standard for IoT on a global scale.The European Commission has created many European standard bodies for IoT-specific standards, such as European Telecommunications Standards Institute (ETSI), European Committee for Standardization (CEN), and European Committee for Electro-Technical Standardization (CENELEC). These bodies develop policies referring to European standard regulations and directives.

OPPORTUNITY: Predictive maintenance of machinery

The need for predictive maintenance of assets is one of the key opportunities for the growth of the industrial IoT market globally. Predictive maintenance helps lower operating and capital costs by facilitating proactive servicing and repair of assets while allowing highly efficient use of repair resources, both human labor and replacement parts. It enables companies to accurately diagnose and prevent failures in real time, which is vital for critical infrastructure.The failure of high-tech machinery and equipment can prove to be highly expensive, in terms of repair costs, in addition to the production losses resulting from the downtime. Typically, technicians are sent to conduct routine diagnostic inspections and preventive maintenance of machinery depending on fixed schedules.However, several companies are now opting for industrial IoT-enabled predictive maintenance measures. For instance, Volvo Group Trucks invested in a new predictive analytics platform using IBM SPSS for vehicle information due to the growing business need for predictive maintenance to fulfill uptime commitments.It transformed its use of vehicle data from reactive to predictive analysis. By monitoring the truck usage and the current status of the various key components of vehicles, the company is able to tailor maintenance to individual truck-level PdM and predict component failure while the truck is on the road or in the shop.

CHALLENGE: Maintenance and updates of IIoT systems

Industrial IoT systems require regular maintenance and updates to keep up with changing business requirements. As new components are added to these systems, their software also require upgrading. These upgraded systems need to be integrated with the existing equipment, as well as with the additional systems.The addition of new components to industrial IoT systems results in increased maintenance activities. Companies find it challenging to maintain and upgrade industrial IoT systems even while ensuring uninterrupted services.

Global Industrial IoT Market Ecosystem Analysis

Industrial IoT Market Segmentation The hardware segment accounts for the largest market share of the IIoT market during forecast period. The hardware segment currently holds the largest market share and is expected to maintain its position during the forecast period. Industrial automation and sensor technology have been established for decades, resulting in a wide range of existing hardware solutions readily available for IIoT deployments. Diverse industrial applications require a variety of specialized hardware components such as sensors, processors, and connectivity ICs, contributing to a larger market size compared to software and platforms that cater to a broader range of functionalities.

Healthcare sector accounts for the largest market share of the IIoT market in North America during the forecast period.

The healthcare sector has the largest market share in the North American IIoT market. There are compelling reasons for significant industrial IoT adoption and growth in the healthcare sector in North America.An aging population is driving the demand for remote patient monitoring, telehealth solutions, and connected medical devices. Industrial IoT improves healthcare delivery by optimizing workflows, tracking equipment, and facilitating data-driven decision-making. Advancements in wearables, remote monitoring devices, and data analytics are creating new opportunities for industrial IoT in healthcare.

 

ASIA PACIFIC Region Holds the Largest Share of the Industrial IoT Market.

Asia Pacific is a global manufacturing hub; it is also emerging as an important hub for the metals & mining vertical. Infrastructural and industrial developments in emerging economies such as China, India, and Singapore are contributing to the development of the market in Asia Pacific.

 

Recent Developments of Industrial IoT Market industry

  • In April 2023, Rockwell Automation (US) recently introduced a new human-machine interface (HMI) platform called FactoryTalk Optix. This cloud-enabled platform allows users in the Asia Pacific region to design, test, and deploy their applications directly from a web browser. FactoryTalk Optix is one of the five core solutions in FactoryTalk Design Hub, which aims to help industrial organizations simplify and enhance their automation design capabilities, making their work processes more productive. In July 2023, ABB (Switzerland) has partnered with Microsoft Corporation (US) to integrate Azure OpenAI Service into their ABB Ability Genix Industrial Analytics and AI suite. The collaboration aims to help industrial customers uncover insights hidden in operational data by implementing generative AI technology. ABB will integrate generative AI, such as large language models (LLMs) like GPT-4, through Azure OpenAI Service into the Genix platform and applications. This will enable functionality like code, image, and text generation. The new application, Genix Copilot, will be launched soon. It will offer intuitive functionality and streamline the flow of contextualized data across processes and operations, enhancing the user experience.
  • In July 2022, Emerson Electric Co. (US) and Nozomi Networks (US), one of the leaders in cybersecurity for operational technology (OT) and Internet of Things (IoT), partnered to meet the increasing demand for OT cybersecurity solutions across their respective industries. As part of the agreement, Emerson will offer Nozomi Networks' advanced solutions to enhance industrial control system cyber resiliency and provide real-time operational visibility to customers worldwide. By combining Nozomi Networks' expertise in OT and IoT security with Emerson's DeltaV distributed control system (DCS), consulting, and professional services, the companies aim to provide comprehensive solutions to strengthen cybersecurity and reduce the risk of downtime caused by cyberattacks or process anomalies.

Key Market Players

KEY PLAYERS IN THE Industrial IoT Market INCLUDE

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 194.4 billion in 2024
Projected Market Size USD 286.3 billion by 2029
Growth Rate CAGR of 8.1%
IIoT Market size available for years 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units USD Million/Billion
Segments Covered Offering, Connectivity Technology, Deployment, Vertical, and Region
Regions covered North America, Asia Pacific, Europe, and RoW
Companies covered Some of the leading companies operating in the IIoT market are ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), H

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
21
RESEARCH METHODOLOGY
27
EXECUTIVE SUMMARY
40
PREMIUM INSIGHTS
44
MARKET OVERVIEW
47
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Global rise in internet penetration
    - Growing adoption of cloud platforms
    - Increasing adoption of IPv6
    - Increased IoT-related government initiatives and R&D activities worldwide
    - Rise in demand for automation in industries
    RESTRAINTS
    - Incompatibility of legacy equipment with communication networks
    - Lack of standardization in IoT protocols
    OPPORTUNITIES
    - Emergence of 5G technology
    - Rise in demand for IoT-enabled digital transformation in businesses across verticals
    - Predictive maintenance of machinery
    CHALLENGES
    - Susceptibility of IoT technologies to cyberattacks
    - Maintenance and updates of IIoT systems
    - Lack of skilled professionals
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY TRENDS
    DIGITAL TWIN
    CLOUD COMPUTING
    5G
    EDGE COMPUTING TECHNOLOGY
  • 5.9 CASE STUDY ANALYSIS
    BOSCH.IO HELPED HOLMER UTILIZE BOSCH IOT SUITE GAIN VALUABLE INSIGHTS INTO AGRICULTURE IOT DATA
    PTC HELPED QUANT TRANSFORM ITS BUSINESS OF FACTORY SERVICES
    MICROSOFT HELPED LEGRAND ACHIEVE SMART BUILDING INNOVATIONS WITH OPEN IOT
  • 5.10 PATENT ANALYSIS
    KEY PATENTS
  • 5.11 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.12 TARIFF AND REGULATORY LANDSCAPE
    TARIFF ANALYSIS
    REGULATORY LANDSCAPE
    - Regulatory bodies, government agencies, and other organizations
  • 5.13 KEY CONFERENCES AND EVENTS
  • 5.14 PORTER'S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
INDUSTRIAL IOT MARKET, BY DEPLOYMENT
81
  • 6.1 INTRODUCTION
  • 6.2 ON-PREMISE
    OFFERS HIGH DEGREE OF CONTROL AND CUSTOMIZATION
  • 6.3 CLOUD-BASED
    OFFERS SCALABILITY AND AGILITY FOR MODERN ENTERPRISES
INDUSTRIAL IOT MARKET, BY OFFERING
85
  • 7.1 INTRODUCTION
  • 7.2 HARDWARE
    PROCESSORS
    - Companies' efforts to develop low-power processing hardware for IoT devices to drive market
    SENSORS
    - Software-defined sensors leading next wave of IIoT innovations to drive market
    CONNECTIVITY IC
    - Increase in companies providing low-power wireless network connectivity designed for IIoT applications to drive market
    MEMORY DEVICES
    - Increase in number of connected devices to drive market
    LOGIC DEVICES
    - Faster experimentation and iteration during development phase to drive market
  • 7.3 SOFTWARE
    PRODUCT LIFECYCLE MANAGEMENT (PLM)
    - Effective development and installation of products to drive market
    MANUFACTURING EXECUTION SYSTEMS (MES)
    - Reduction in operational costs and improved efficiency to drive market
    SCADA
    - Maintenance and effective control of different industrial operations to drive market
    OUTAGE MANAGEMENT SYSTEMS (OMS)
    - Effective management of power outages and improved response time to drive market
    DISTRIBUTION MANAGEMENT SYSTEMS (DMS)
    - Effective management of electricity distribution networks to drive market
    REMOTE PATIENT MONITORING
    - Reduced instances of hospitalizations, readmissions, and hospital stays to drive market
    RETAIL MANAGEMENT SOFTWARE
    - Planning and redesigning of business strategies according to prevailing market scenario to drive market
    VISUALIZATION SOFTWARE
    - Use in engineering, architecture, manufacturing, and other complex domains to drive market
    TRANSIT MANAGEMENT SYSTEMS
    - Use for tracking, controlling, and monitoring location of in-transit goods to drive market
    FARM MANAGEMENT SYSTEMS
    - Increased use for precision farming to drive market
  • 7.4 PLATFORMS
    DEVICE MANAGEMENT PLATFORM
    - Rise in number of connected devices to drive growth
    APPLICATION ENABLEMENT PLATFORM
    - Need to drive innovation and achieve operational excellence to propel market
    CONNECTIVITY MANAGEMENT PLATFORM
    - Increased requirement for common platform to manage entire network to drive growth
    SERVICES
    - Increased integration of third-party service providers across verticals to drive market
INDUSTRIAL IOT MARKET, BY VERTICAL
102
  • 8.1 INTRODUCTION
  • 8.2 MANUFACTURING
  • 8.3 ENERGY
    REMOTE MONITORING OF PLANTS TO DRIVE GROWTH
    SMART GRIDS
  • 8.4 OIL & GAS
    INCREASING OPERATIONAL EFFICIENCY TO DRIVE GROWTH
  • 8.5 METALS & MINING
    INCREASING WORKPLACE SAFETY TO DRIVE GROWTH
  • 8.6 HEALTHCARE
    REMOTE PATIENT MONITORING TO DRIVE GROWTH
  • 8.7 RETAIL
    CHANGING CUSTOMER REQUIREMENTS TO DRIVE DEMAND
    POINT-OF-SALES (POS)
    INTERACTIVE KIOSKS
    SELF-CHECKOUT SYSTEMS
  • 8.8 TRANSPORTATION
    INCREASING DEMAND FOR SMART SURVEILLANCE, INTELLIGENT SIGNALING SYSTEMS, AND REAL-TIME TRAFFIC ANALYTICS TO DRIVE GROWTH
    INTELLIGENT SIGNALING SYSTEMS
    VIDEO ANALYTICS
    INCIDENT DETECTION SYSTEMS
    ROUTE SCHEDULING GUIDANCE SYSTEMS
  • 8.9 AGRICULTURE
    GROWING ADOPTION OF PRECISION FARMING TO DRIVE MARKET
    PRECISION FARMING
    LIVESTOCK MONITORING
    SMART GREENHOUSES
    FISH FARMING
INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
119
  • 9.1 INTRODUCTION
  • 9.2 WIRED
    ETHERNET
    - Increasing adoption of industrial ethernet to drive market
    - Modbus
    - PROFINET
    - CC-Link
    FOUNDATION FIELDBUS
    - Enhanced communication and integration to drive market
  • 9.3 WIRELESS TECHNOLOGIES
    WI-FI
    - Growing consumption of high-bandwidth content and services to drive market
    BLUETOOTH
    - Used for exchanging data on smartphones, laptops, and tablets
    CELLULAR TECHNOLOGIES
    - Low energy consumption to drive market
    - 4G/LTE
    - 5G
    SATELLITE TECHNOLOGIES
    - Cost-effective maritime communication to drive market
INDUSTRIAL IOT MARKET, BY REGION
127
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    RECESSION IMPACT
    US
    - Presence of major IoT solution providers and significant government support to drive market
    CANADA
    - Increasing investments in development and adoption of IoT technologies to drive market
    MEXICO
    - Rising preference for new technologies in manufacturing sector to drive market
  • 10.3 EUROPE
    RECESSION IMPACT
    UK
    - Increasing adoption of IoT solutions in energy vertical to drive market
    GERMANY
    - Surge in deployment of IoT technology in automotive sector to drive market
    FRANCE
    - Growing adoption of smart manufacturing to drive market
    REST OF EUROPE
  • 10.4 ASIA PACIFIC
    RECESSION IMPACT
    CHINA
    - Government's robust financial and strategic involvement in R&D to drive market
    JAPAN
    - Increased productivity and optimization to drive market
    INDIA
    - Large-scale industrial development to drive market
    SOUTH KOREA
    - Growing R&D in IoT technologies to drive market
    REST OF ASIA PACIFIC
  • 10.5 ROW
    RECESSION IMPACT
    SOUTH AMERICA
    - Increasing focus on connectivity and networking technologies to drive market
    GCC COUNTRIES
    - Rising collaborations between GCC and semiconductor companies to drive market
    AFRICA & REST OF MIDDLE EAST
    - Rising demand for industrial IoT solutions from oil & gas vertical to drive market
COMPETITIVE LANDSCAPE
151
  • 11.1 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
  • 11.2 REVENUE ANALYSIS OF TOP FIVE PLAYERS
  • 11.3 MARKET SHARE ANALYSIS
  • 11.4 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.5 BRAND/PRODUCT COMPARISON
    INDUSTRIAL IOT MARKET: TOP TRENDING BRANDS/PRODUCTS
  • 11.6 COMPANY EVALUATION MATRIX
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
    - Offering footprint
    - Connectivity technology footprint
    - Deployment footprint
    - Vertical footprint
    - Region footprint
    - Overall footprint
  • 11.7 STARTUP/SME EVALUATION MATRIX
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 11.8 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
176
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYERS
    HUAWEI TECHNOLOGIES CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CISCO SYSTEMS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SIEMENS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    INTEL CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GENERAL ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EMERSON ELECTRIC CO.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAP SE
    - Business overview
    - Products/Solutions/Services offered
    HONEYWELL INTERNATIONAL INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ROCKWELL AUTOMATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 12.3 OTHER PLAYERS
    ARM LIMITED
    PTC
    DASSAULT SYSTEMES
    IBM
    ROBERT BOSCH GMBH
    NEC CORPORATION
    ANSYS, INC
    WORLDSENSING
    ARUNDO
    SOFTWARE AG
    TEXAS INSTRUMENTS INCORPORATED
    KUKA AG
    DRAGOS, INC.
    GOOGLE LLC
    MICROSOFT CORPORATION
APPENDIX
232
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 AVERAGE SELLING PRICE OF HARDWARE
  • TABLE 2 INDUSTRIAL IOT MARKET: ROLE OF PLAYERS IN ECOSYSTEM
  • TABLE 3 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)
  • TABLE 4 MAJOR PATENTS IN INDUSTRIAL IOT MARKET
  • TABLE 5 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY US
  • TABLE 6 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY JAPAN
  • TABLE 7 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY GERMANY
  • TABLE 8 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY CHINA
  • TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 INDUSTRIAL IOT MARKET: CONFERENCES AND EVENTS, 2024–2025
  • TABLE 14 IMPACT OF PORTER'S FIVE FORCES ON INDUSTRIAL IOT MARKET
  • TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • TABLE 16 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 17 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2020–2023 (USD BILLION)
  • TABLE 18 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2024–2029 (USD BILLION)
  • TABLE 19 INDUSTRIAL IOT MARKET, BY OFFERING, 2020–2023 (USD BILLION)
  • TABLE 20 INDUSTRIAL IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)
  • TABLE 21 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (USD BILLION)
  • TABLE 22 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (USD BILLION)
  • TABLE 23 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (MILLION UNITS)
  • TABLE 24 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (MILLION UNITS)
  • TABLE 25 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2020–2023 (USD BILLION)
  • TABLE 26 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2024–2029 (USD BILLION)
  • TABLE 27 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2020–2023 (USD BILLION)
  • TABLE 28 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2024–2029 (USD BILLION)
  • TABLE 29 INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
  • TABLE 30 INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
  • TABLE 31 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 32 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 33 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 34 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 35 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 36 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 37 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 38 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 39 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 40 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 41 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 42 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 43 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 46 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (USD BILLION)
  • TABLE 48 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (USD BILLION)
  • TABLE 49 INDUSTRIAL IOT MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 50 INDUSTRIAL IOT MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 51 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
  • TABLE 52 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
  • TABLE 53 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 54 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 55 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
  • TABLE 56 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
  • TABLE 57 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 58 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 59 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
  • TABLE 60 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
  • TABLE 61 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 62 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 63 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 64 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 65 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 66 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 67 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL IOT MARKET
  • TABLE 68 INDUSTRIAL IOT MARKET: DEGREE OF COMPETITION
  • TABLE 69 INDUSTRIAL IOT MARKET: RANKING ANALYSIS
  • TABLE 70 INDUSTRIAL IOT MARKET: OFFERING FOOTPRINT
  • TABLE 71 INDUSTRIAL IOT MARKET: COMPANY CONNECTIVITY TECHNOLOGY FOOTPRINT
  • TABLE 72 INDUSTRIAL IOT MARKET: COMPANY DEPLOYMENT FOOTPRINT
  • TABLE 73 INDUSTRIAL IOT MARKET: VERTICAL FOOTPRINT
  • TABLE 74 INDUSTRIAL IOT MARKET: REGION FOOTPRINT
  • TABLE 75 INDUSTRIAL IOT MARKET: KEY STARTUPS/SMES
  • TABLE 76 INDUSTRIAL IOT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 77 INDUSTRIAL IOT MARKET: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 78 INDUSTRIAL IOT MARKET: DEALS, JULY 2022–MARCH 2024
  • TABLE 79 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
  • TABLE 80 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 81 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES, JULY 2022– MARCH 2024
  • TABLE 82 HUAWEI TECHNOLOGIES CO., LTD.: DEALS, JULY 2022–MARCH 2024
  • TABLE 83 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
  • TABLE 84 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 85 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 86 CISCO SYSTEMS, INC.: DEALS, JULY 2022–MARCH 2024
  • TABLE 87 CISCO SYSTEMS, INC.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
  • TABLE 88 ABB: COMPANY OVERVIEW
  • TABLE 89 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 90 ABB: DEALS, JULY 2022–MARCH 2024
  • TABLE 91 SIEMENS: COMPANY OVERVIEW
  • TABLE 92 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 93 SIEMENS: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 94 SIEMENS: DEALS, JULY 2022–MARCH 2024
  • TABLE 95 SIEMENS: EXPANSIONS, JULY 2022–MARCH 2024
  • TABLE 96 INTEL CORPORATION: COMPANY OVERVIEW
  • TABLE 97 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 98 INTEL CORPORATION: EXPANSIONS, JULY 2022–MARCH 2024
  • TABLE 99 GENERAL ELECTRIC: COMPANY OVERVIEW
  • TABLE 100 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 101 GENERAL ELECTRIC: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 102 GENERAL ELECTRIC: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
  • TABLE 103 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
  • TABLE 104 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 105 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 106 EMERSON ELECTRIC CO.: DEALS, JULY 2022–MARCH 2024
  • TABLE 107 EMERSON ELECTRIC CO.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
  • TABLE 108 SAP SE: COMPANY OVERVIEW
  • TABLE 109 SAP SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 110 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 111 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 112 HONEYWELL INTERNATIONAL INC.: DEALS, JULY 2022–MARCH 2024
  • TABLE 113 ROCKWELL AUTOMATION: COMPANY OVERVIEW
  • TABLE 114 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 115 ROCKWELL AUTOMATION: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
  • TABLE 116 ROCKWELL AUTOMATION: DEALS, JULY 2022–MARCH 2024
  • TABLE 117 ROCKWELL AUTOMATION: EXPANSIONS, JULY 2022–MARCH 2024
  • TABLE 118 ARM LIMITED: COMPANY OVERVIEW
  • TABLE 119 PTC: COMPANY OVERVIEW
  • TABLE 120 DASSAULT SYSTEMES: COMPANY OVERVIEW
  • TABLE 121 IBM: COMPANY OVERVIEW
  • TABLE 122 ROBERT BOSCH GMBH: COMPANY OVERVIEW
  • TABLE 123 NEC CORPORATION: COMPANY OVERVIEW
  • TABLE 124 ANSYS, INC: COMPANY OVERVIEW
  • TABLE 125 WORLDSENSING: COMPANY OVERVIEW
  • TABLE 126 ARUNDO: COMPANY OVERVIEW
  • TABLE 127 SOFTWARE AG: COMPANY OVERVIEW
  • TABLE 128 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
  • TABLE 129 KUKA AG: COMPANY OVERVIEW
  • TABLE 130 DRAGOS, INC.: COMPANY OVERVIEW
  • TABLE 131 GOOGLE LLC: COMPANY OVERVIEW
  • TABLE 132 MICROSOFT CORPORATION: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 INDUSTRIAL IOT: MARKET SEGMENTATION
  • FIGURE 2 INDUSTRIAL IOT MARKET: RESEARCH DESIGN
  • FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 APPROACH USED TO CAPTURE MARKET SIZE FROM SUPPLY SIDE
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 7 DATA TRIANGULATION: INDUSTRIAL IOT MARKET
  • FIGURE 8 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 9 WIRELESS CONNECTIVITY SEGMENT TO RECORD HIGHER CAGR IN INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 10 CLOUD-BASED DEPLOYMENT SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 11 MANUFACTURING INDUSTRY TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 12 ASIA PACIFIC INDUSTRIAL IOT MARKET TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD
  • FIGURE 13 GROWING DEMAND FROM MANUFACTURING SECTOR TO DRIVE GROWTH OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 14 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
  • FIGURE 15 CHINA TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC
  • FIGURE 16 MANUFACTURING SEGMENT TO DOMINATE INDUSTRIAL IOT MARKET
  • FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 18 INDUSTRIAL IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19 GLOBAL INTERNET PENETRATION RATE TILL JANUARY 2024, BY REGION
  • FIGURE 20 ADOPTION RATE OF IPV6, BY COUNTRY, 2023
  • FIGURE 21 IMPACT OF DRIVERS ON INDUSTRIAL IOT MARKET
  • FIGURE 22 IMPACT OF RESTRAINTS ON INDUSTRIAL IOT MARKET
  • FIGURE 23 IMPACT OF OPPORTUNITIES ON INDUSTRIAL IOT MARKET
  • FIGURE 24 IMPACT OF CHALLENGES ON INDUSTRIAL IOT MARKET
  • FIGURE 25 TRENDS INFLUENCING INDUSTRIAL IOT BUSINESS OWNERS
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF IOT NODE COMPONENTS, 2020–2029
  • FIGURE 27 INDUSTRIAL IOT MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 28 FUNDS ACQUIRED BY COMPANIES IN INDUSTRIAL IOT MARKET
  • FIGURE 29 LG ELECTRONICS REGISTERED MAXIMUM PATENT APPLICATIONS IN LAST 10 YEARS
  • FIGURE 30 NUMBER OF PATENTS GRANTED, 2013−2023
  • FIGURE 31 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019–2023 (USD THOUSAND)
  • FIGURE 32 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019−2023 (USD THOUSAND)
  • FIGURE 33 INDUSTRIAL IOT MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 36 INDUSTRIAL IOT MARKET, BY DEPLOYMENT
  • FIGURE 37 CLOUD-BASED SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
  • FIGURE 38 INDUSTRIAL IOT MARKET, BY OFFERING
  • FIGURE 39 INDUSTRIAL IOT MARKET FOR HARDWARE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 40 INDUSTRIAL IOT MARKET, BY VERTICAL
  • FIGURE 41 INDUSTRIAL IOT MARKET FOR MANUFACTURING TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 42 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
  • FIGURE 43 WIRELESS CONNECTIVITY TECHNOLOGY TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
  • FIGURE 44 INDUSTRIAL IOT MARKET, BY REGION
  • FIGURE 45 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 46 NORTH AMERICA: INDUSTRIAL IOT MARKET SNAPSHOT
  • FIGURE 47 ANALYSIS OF INDUSTRIAL IOT MARKET IN NORTH AMERICA: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 48 EUROPE: INDUSTRIAL IOT MARKET SNAPSHOT
  • FIGURE 49 ANALYSIS OF INDUSTRIAL IOT MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 50 ASIA PACIFIC: INDUSTRIAL IOT MARKET SNAPSHOT
  • FIGURE 51 ANALYSIS OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 52 ANALYSIS OF INDUSTRIAL IOT MARKET IN ROW: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 53 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2021–2023
  • FIGURE 54 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 55 VALUATION AND FINANCIAL MATRIX OF KEY PLAYERS IN INDUSTRIAL IOT MARKET
  • FIGURE 56 ENTERPRISE VALUE/EBITDA OF KEY PLAYERS
  • FIGURE 57 INDUSTRIAL IOT MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 58 INDUSTRIAL IOT MARKET: OVERALL FOOTPRINT
  • FIGURE 59 INDUSTRIAL IOT MARKET: STARTUP/SME EVALUATION MATRIX, 2023
  • FIGURE 60 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 61 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
  • FIGURE 62 ABB: COMPANY SNAPSHOT
  • FIGURE 63 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 64 INTEL CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 GENERAL ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 66 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
  • FIGURE 67 SAP SE: COMPANY SNAPSHOT
  • FIGURE 68 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 69 ROCKWELL AUTOMATION: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the industrial IoT market-exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include high-speed data converter technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the industrial IoT market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Industrial IoT Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial IoT market and other dependent submarkets listed in this report.

  • Extensive secondary research has identified key players in the industry and market.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.  
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Industrial Iot Market: Bottom-Up Approach

Industrial IoT Market
 Size, and Bottom-Up Approach

Industrial Iot Market: Top-Down Approach

Industrial IoT Market
 Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.

Market Definition

Industrial Internet of Things (IIoT) can be defined as an environment wherein complex industrial systems are networked together in a way that their sensor data is transmitted over the Internet for remote monitoring and performance analysis. In this research study, the IIoT market has been analyzed for the manufacturing, energy, oil & gas, metals & mining, transportation, healthcare, retail, and agriculture verticals. Sensors and networking technologies are the key IIoT enablers in each of these verticals.

Key Stakeholders

  • Semiconductor component manufacturers and distributors
  • Industrial automation equipment providers
  • Semiconductor component providers
  • Companies providing wired and wireless connectivity services
  • Software application and platform providers
  • Data analytics and cloud computing solution providers
  • Original design manufacturers (ODM) and original equipment manufacturers (OEM) providing technology solutions
  • Intellectual property (IP) core and license providers
  • Research organizations and consulting companies
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists and private equity firms
  • Associations, organizations, and alliances related to IIoT
  • End users of IIoT solutions across different verticals

Report Objectives

The following are the primary objectives of the study.

  • To forecast the size of the industrial IoT market, in terms of value, based on offering, connectivity technology, deployment, vertical, and region
  • To define, describe, and forecast the industrial IoT market size, in terms of volume, based on hardware
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To study the complete value chain and related industry segments and conduct a value chain analysis of the industrial IoT market landscape
  • To describe and forecast the market, in terms of value, for various segments across four main regions: North America, Asia Pacific, Europe, and Rest of the World (RoW)
  • To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s Five Forces, import and export scenarios for products covered under HS code 903190 trade landscape, and case studies pertaining to the market under study
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
  • To analyze opportunities for stakeholders by identifying high-growth segments in the market
  • To strategically profile the key players and provide a detailed competitive landscape of the industrial IoT market
  • To analyze strategic approaches adopted by the leading players in the industrial IoT market, including product launches, recent developments, and acquisitions

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)

Previous Versions of this Report

Industrial IoT Market by Device & Technology, Connectivity Type, Software, Vertical (Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metals & Mining, Agriculture), and Geography - Global Forecast to 2026

Report Code SE 2909
Published in Jul, 2021, By MarketsandMarkets™

Industrial IoT (IIoT) Market by Device & Technology (Sensor, RFID, Industrial Robotics, DCS, Condition Monitoring, Networking Technology), Connectivity (Wired, Wireless, Field Technology), Software (PLM, MES, SCADA), Vertical, Region - Global Forecast to 2025

Report Code SE 2909
Published in Mar, 2020, By MarketsandMarkets™

IIoT Market by Device & Technology (Sensor, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meter, Camera System, Networking Technology), Software (PLM, MES, SCADA), Vertical, and Geography - Global Forecast to 2023

Report Code SE 2909
Published in Jun, 2018, By MarketsandMarkets™

Industrial IoT Market by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography - Global Forecast to 2022

Report Code SE 2909
Published in Feb, 2017, By MarketsandMarkets™

Industrial IoT Market by Industry Vertical (Manufacturing, Energy & Power, Oil & Gas, Metals & Mining, Healthcare, & Agriculture), Technology (Sensors, Networking Technology, DCS, & Others), Software, & Geography - Global Forecast to 2020

Report Code SE 2909
Published in Jan, 2016, By MarketsandMarkets™

Industrial IoT Market by Technology (Wired, Wireless), Components (Sensors, Memory & Processors, Networking Components, RFID & others), Industry Verticals (Manufacturing, Transportation, Retail, Healthcare & others), & Geography - Global Forecast to 2020

Report Code SE 2909
Published in Nov, 2014, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Industrial IoT Market

phan

Sep, 2019

Which is the leading application for IoT? Where would the market lie in the future for IoT?.

Kei

Feb, 2016

I would like to understand what kind of components are included in the revenue forecast of IoT in each industry vertical..

Jamal

Feb, 2017

We are specifically interested in Gateway Appliances, Analytics Software, Sensors, and vertical industries. Does the IoT study scope revolve around these pointers?.

Vinoth

May, 2019

Need to know the Industrial IoT for discrete manufacturing industries growth and forecast by region wise and technology wise. Also would like to know the methodology you have considered in the research. .

Tara

Jan, 2015

Interested in price--does TI receive any discounts? Also wondering if my team can request additional data/analysis that's important to us. What are the other future trends considered?.

kynan

Apr, 2019

I require the ability to determine the market size, growth rate etc. for industrial edge computing. Specifically for the oil and gas market. Does the research include these?.

RAM

Oct, 2016

We are formulating standards on IOT, we need to understand the technology and the trends worldwide. Can you provide us with the regional trends for the same?.

N.

Feb, 2017

I would like to know more about the segments that you have considered for IoT. Does the report contain ranking of the various applications?.

User

Sep, 2019

How are adjacent market such as industrial control and factory automation, Smart Factory, Digital Twin, and Industrial Networking Solutions markets are going impact the revenue of players operating in Industrial IOT Market ?.

Bernd

Jul, 2019

Our business is consulting and engineering services for manufacturing and process industries in the field of IIoT. Therefore we're always looking for studies and trend forecasts in this area. Can you provide us with the inclusions or the scope of your study?.

Antonio

Oct, 2015

Good morning, I am interesting in understanding if the reports provides a view on how much is valued the industrial IoT market for Italian manufacturing sector. Moreover, does the report have specific section about Italy? Have you included any other future trends in IoT?.

Shane

Aug, 2019

to identify the biggest shipment for the device driven by IIOT and also new applications which can generate the big potential shipment to the IIOT market..

Tim

Jul, 2019

Developing correct interfaces for our line of Industrial Gateways, whether, wired, wireless, industrial or other. Can you provide us with an information for the same?.

Huy

Mar, 2019

We are providing one stop IoT solution call Neqto: Power by JIG-SAW. We are expanding to US market and looking for partner in Asia so far. Can you tell us the best bet or the major market for IIoT in the US and APAC regions? .

Oleg

Jan, 2016

Our goal to provide Ukrainian Industry with modern trends for better and faster development and growth. We see in IoT positive challenge for our members. Have you covered Ukraine as a part of your study?.

Abhi

Nov, 2018

We're interested in the context of Connectivity of the devices, wireless connectivity over 5G or LPWAN. Are these covered in the scope of your study?.

User

Sep, 2019

How Technologies such as RFID, Industrial Robotics, and Networking technology is expected to impact the growth of the industrial IOT market, also the market of RFID by region such as North America, APAC, Europe and RoW .

Victor

Sep, 2019

Looking for IoT report that covers major IIoT applications including Retail/Hospitality, Agriculture, Manufacturing and Transportation. Also, includes Porter 5 forces analysis and geo breakdown (US, Europe etc.). CAGR analysis and unit shipments for key players. Also, analysis of key players in each sector..

Haider

Jun, 2016

IIoT TAM both top down and bottoms up. Also detailed company profiles with market share and units sold. Can you provide me or have you included it in the study?.

Niladri

Jun, 2016

1. Growth rate of processor adoption by Intel Architecture and ARM Architecture 2. Growth rate of Programmable Logic (FPGA and CPLD) devices. Have you included it in the research? .

Ashutosh

Apr, 2019

Hi, We are an Industrial IoT company with focus on power plant and manufacturing. We were trying to understand the global market size and the major applications of the same. .

User

Sep, 2019

what are the major players operating in digital twin and Edge computing application and how its going impact the revenue of the players operating in Industrial IOT market and adjacent markets ?.

User

Nov, 2019

Would like to know the market opportunities for SCADA systems and software for the APAC Region. Also the impact on revenue of major players operating in Smart Grid and Industrial IOT market .

Craig

Oct, 2019

I am trying to obtain some facts about Industrial IOT market available in U.S. and North America. What are the estimated market shares of the major vendors in this market?.

Jessie

Sep, 2017

I would like to understand the history and development of the top industrial gases companies in the world and the market size and share analysis. Can you provide us with the same? Also, have you included it in your scope?.

Tucker

Sep, 2018

Looking to understand how ICS and robotics community is treated in calculating market sizing and growth of IIoT (in-scope or not) with regard to the three views on IIoT sizing discussed in the summary overview. .

Atharva

Sep, 2019

We are an automation company which is providing Industry 4.0 services. We want further expand our scope in this domain and so requesting the brochure. Also would like to know if the major applications and the connection of Industry 4.0 with IIoT along with the use cases. .

Salvador

Jul, 2015

I like to see if this report could be a good tool to me, because I need to prepare a business plan to sell by volume a suite build by gateways, sensors and software. My market target is world wide. Can you justify the methodology provided by you?.

Mohan

Jul, 2019

How I can use my eHealth kit to aggregate all vitals from thousands of patients across hospitals and provide meaningful data to healthcare professionals at point of care? Do our have any specific solution for this? Have you included it in the scope of IIoT?.

Mohan

Jul, 2019

How I can use my eHealth kit to aggregate all vitals from thousands of patients across hospitals and provide meaningful data to healthcare professionals at point of care? Do our have any specific solution for this? Have you included it in the scope of IIoT?.

User

May, 2021

May I get a sample for this report? Interested in few sections..

Yosuke

May, 2017

Can you provide us the details in "Manufacturing"? like automotive, Electric, Chemical, foods and so on..

Carles

May, 2019

We're a Barcelona Based startup company willing to have a broader view of the market in order to select our path of action. We are dealing with energy harvesting and applying it in the industrial internet of things (IoT) field. How is the IIoT market related to it? .

Manoj

Mar, 2020

What is the type of TRAI license/Regulation for setting up a new LLP startup of Industrial Internet of Things (IIoT).

Deepak

Mar, 2015

Fire Fighting & Fire Alarm Systems, Pumps, Health, Safety & Environmental Industries, and Personal Protective equipment. Have you considered it in your study? .

User

Mar, 2019

How increasing deployment of 5G network Infrastructure would impact the growth of Industrial IoT Market and adjacent market such as smart factory and Industrial Networking Solutions markets.

Mar, 2017

We are looking for the overview of market status, TAM market, trends, and industry sectors for IIoT. Also, I would like to understand the key players list and their contribution to the market share. .

Andrew

Mar, 2016

I would like to understand the data tables for market sizes and growth by connection or economic size/revenues by industry and business size. My regions of interest are in the US, UK or Europe, As and NZ. Have you included these in your study?.

rene

Mar, 2016

Drones, 3D printing, satellites, Virtual Reality (VR) and Augmented Reality (AR), Materials Sciences (Carbon). Does your research revolve along these parameters?.

Marleen

Feb, 2016

Wireless connectivity, Wi-Fi Hallow (802.11ah), ZigBee, 6LowpAN, IPV6, sensor networks, IoT and mobiles. Have you included these in your study for IIoT?.

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