Industrial IoT Market, Share & Trends Analysis Report, By Deployment (On-Premise, Cloud-Based), By Offering (Hardware, Software, Platforms), By Vertical (Manufacturing, Energy, Oil & Gas, Metals & Mining, Healthcare, Retail, Transportation, Agriculture), By Connectivity Technology (Wired, Wireless Technologies), By Region, and Segment Forecasts, 2025-2034

Report Id: 2370 Pages: 180 Last Updated: 08 August 2025 Format: PDF / PPT / Excel / Power BI
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Segmentation of Industrial Internet of Things Market-

Global Industrial IoT Market - By Deployment

  • On-Premise
  • Cloud-Based

Industrial Internet Of Things Market info

Global Industrial IoT Market – By Offering

  • Hardware
    • Processors
    • Sensors
    • Connectivity IC
    • Memory Devices
    • Logic Devices
  • Software
    • Product Lifecycle Management (PLM)
    • Manufacturing Execution Systems (MES)
    • SCADA
    • Outage Management Systems (OMS)
    • Distribution Management Systems (DMS)
    • Remote Patient Monitoring
    • Retail Management Software
    • Visualization Software
    • Transit Management Systems
    • Farm Management Systems
  • Platforms
    • Device Management Platform
    • Application Enablement Platform
    • Connectivity Management Platform
    • Services

Global Industrial IoT Market – By Vertical

  • Manufacturing
  • Energy
  • Oil & Gas
  • Metals & Mining
  • Healthcare
  • Retail
    • Point-Of-Sales (Pos)
    • Interactive Kiosks
    • Self-Checkout Systems
  • Transportation
    • Intelligent Signaling Systems
    • Video Analytics
    • Incident Detection Systems
    • Route Scheduling Guidance Systems
  • Agriculture
    • Precision Farming
    • Livestock Monitoring
    • Smart Greenhouses
    • Fish Farming

Global Industrial IoT Market- By Connectivity Technology

  • Wired
    • Ethernet
    • Foundation Fieldbus
  • Wireless Technologies
    • Wi-Fi
    • Bluetooth
    • Cellular Technologies
    • Satellite Technologies

Global Industrial IoT Market – By Region

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary

Chapter 3. Global Industrial IoT Market Snapshot

Chapter 4. Global Industrial IoT Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2034
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.9. Use/impact of AI on Industrial IoT Market Industry Trends
4.10. Global Industrial IoT Market Penetration & Growth Prospect Mapping (US$ Mn), 2021-2034

Chapter 5. Industrial IoT Market Segmentation 1: By Deployment, Estimates & Trend Analysis
5.1. Market Share by Deployment, 2024 & 2034
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Deployment:

5.2.1. On-Premise
5.2.2. Cloud-Based

Chapter 6. Industrial IoT Market Segmentation 2: By Offering, Estimates & Trend Analysis
6.1. Market Share by Offering, 2024 & 2034
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Offering:

6.2.1. Hardware

6.2.1.1. Processors
6.2.1.2. Sensors
6.2.1.3. Connectivity Ic
6.2.1.4. Memory Devices
6.2.1.5. Logic Devices

6.2.2. Software

6.2.2.1. Product Lifecycle Management (PLM)
6.2.2.2. Manufacturing Execution Systems (MES)
6.2.2.3. SCADA
6.2.2.4. Outage Management Systems (OMS)
6.2.2.5. Distribution Management Systems (DMS)
6.2.2.6. Remote Patient Monitoring
6.2.2.7. Retail Management Software
6.2.2.8. Visualization Software
6.2.2.9. Transit Management Systems
6.2.2.10. Farm Management Systems

6.2.3. Platforms

6.2.3.1. Device Management Platform
6.2.3.2. Vertical Enablement Platform
6.2.3.3. Connectivity Management Platform
6.2.3.4. Services

Chapter 7. Industrial IoT Market Segmentation 3: By Vertical, Estimates & Trend Analysis
7.1. Market Share by Vertical, 2024 & 2034
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Vertical:

7.2.1. Manufacturing
7.2.2. Energy
7.2.3. Oil & Gas
7.2.4. Metals & Mining
7.2.5. Healthcare
7.2.6. Retail

7.2.6.1. Point-Of-Sales (Pos)
7.2.6.2. Interactive Kiosks
7.2.6.3. Self-Checkout Systems

7.2.7. Transportation,

7.2.7.1. Intelligent Signaling Systems
7.2.7.2. Video Analytics
7.2.7.3. Incident Detection Systems
7.2.7.4. Route Scheduling Guidance Systems

7.2.8. Agriculture

7.2.8.1. Precision Farming
7.2.8.2. Livestock Monitoring
7.2.8.3. Smart Greenhouses
7.2.8.4. Fish Farming

Chapter 8. Industrial IoT Market Segmentation 4: By Connectivity Technology, Estimates & Trend Analysis
8.1. Market Share by Connectivity Technology, 2024 & 2034
8.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2021 to 2034 for the following Connectivity Technology:
8.2.1. Wired

8.2.1.1. Ethernet
8.2.1.2. Foundation Fieldbus

8.2.2. Wireless Technologies

8.2.2.1. Wi-Fi
8.2.2.2. Bluetooth
8.2.2.3. Cellular Technologies
8.2.2.4. Satellite Technologies

Chapter 9. Industrial IoT Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. Global Industrial IoT Market, Regional Snapshot 2024 & 2034

9.2. North America
9.2.1. North America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.2.1.1. US
9.2.1.2. Canada
9.2.2. North America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
9.2.3. North America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
9.2.4. North America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2021-2034
9.2.5. North America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Connectivity Technology, 2021-2034

9.3. Europe
9.3.1. Europe Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.3.1.1. Germany
9.3.1.2. U.K.
9.3.1.3. France
9.3.1.4. Italy
9.3.1.5. Spain
9.3.1.6. Rest of Europe
9.3.2. Europe Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
9.3.3. Europe Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
9.3.4. Europe Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2021-2034
9.3.5. Europe Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Connectivity Technology, 2021-2034

9.4. Asia Pacific
9.4.1. Asia Pacific Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.4.1.1. India
9.4.1.2. China
9.4.1.3. Japan
9.4.1.4. Australia
9.4.1.5. South Korea
9.4.1.6. Hong Kong
9.4.1.7. Southeast Asia
9.4.1.8. Rest of Asia Pacific
9.4.2. Asia Pacific Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
9.4.3. Asia Pacific Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
9.4.4. Asia Pacific Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2021-2034
9.4.5. Asia Pacific Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Connectivity Technology, 2021-2034

9.5. Latin America
9.5.1. Latin America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
9.5.1.1. Brazil
9.5.1.2. Mexico
9.5.1.3. Rest of Latin America
9.5.2. Latin America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
9.5.3. Latin America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
9.5.4. Latin America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2021-2034
9.5.5. Latin America Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Connectivity Technology, 2021-2034

9.6. Middle East & Africa
9.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.6.1.1. GCC Countries
9.6.1.2. Israel
9.6.1.3. South Africa
9.6.1.4. Rest of Middle East and Africa
9.6.2. Middle East & Africa Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Deployment, 2021-2034
9.6.3. Middle East & Africa Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
9.6.4. Middle East & Africa Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Vertical, 2021-2034
9.6.5. Middle East & Africa Industrial IoT Market Revenue (US$ Million) Estimates and Forecasts by Connectivity Technology, 2021-2034

Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles

10.2.1. Huawei Technologies Co., Ltd.

10.2.1.1. Business Overview
10.2.1.2. Key Deployment/Service Overview
10.2.1.3. Financial Performance
10.2.1.4. Geographical Presence
10.2.1.5. Recent Developments with Business Strategy

10.2.2. Cisco Systems, Inc.
10.2.3. Abb
10.2.4. Siemens
10.2.5. Intel Corporation
10.2.6. General Electric
10.2.7. Emerson Electric Co.
10.2.8. Sap Se
10.2.9. Honeywell International Inc.
10.2.10. Rockwell Automation
10.2.11. Arm Limited
10.2.12. PTC
10.2.13. Dassault Systemes
10.2.14. IBM
10.2.15. Robert Bosch GmbH
10.2.16. Nec Corporation
10.2.17. Ansys, Inc
10.2.18. Worldsensing
10.2.19. Arundo
10.2.20. Software Ag
10.2.21. Texas Instruments Incorporated
10.2.22. Kuka Ag
10.2.23. Dragos, Inc.
10.2.24. Google LLC

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Industrial Internet of Things Market Size is valued at USD 192.9 Bn in 2024 and is predicted to reach USD 445.9 Bn by the year 2034

Industrial Internet of Things Market is expected to grow at a 9.0% CAGR during the forecast period for 2025-2034.

Huawei Technologies Co., Ltd., Cisco Systems, Inc, ABB, Siemens, Intel Corporation, General Electric, Emerson Electric Co, Sap Se, Honeywell Internati

Industrial Internet of Things market is segmented on the basis of By Deployment, Offering, Vertical, Connectivity Technology.

North American region is leading the Industrial Internet of Things market.

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