Discover Top 50 Companies in Industrial IoT : Global Share, Market Size, Revenue Report (2024-2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Industrial IoT Market Size is projected to grow from USD 196.2 Billion in 2024 to USD 502.3 Billion by 2035, at a CAGR of 8.92% during the forecast period 2025–2035. Increasing adoption of Industry 4.0 and the need for enhanced operational efficiency and automation across various industries.
Introduction
Industrial Internet of Things (IIoT) Industrial Internet of Things global market is revolutionizing the functioning of industries by connecting industrial devices, sensors, and systems via the internet. IIoT facilitates predictive maintenance, real-time analysis, operational optimization, and automation in the manufacturing, utility, energy, transport, and logistics sectors. As Industry 4.0 gets adopted in industries, IIoT is the focus point in spearheading productivity, minimizing downtime, optimizing safety, and speeding up digital transformation.
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Industrial IoT Market Size & Statistics
- The Market for Industrial IoT was estimated to be worth USD 196.2 Billion in 2024.
- The Market is going to expand at a CAGR of 8.92% between 2025 and 2035.
- The Global Industrial IoT Market Size is anticipated to reach USD 502.3 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Industrial IoT market.
- Asia Pacific is expected to grow the fastest during the forecast period in the Industrial IoT market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Industrial IoT market. The fueled by aggressive industrialization, growing government support for Industry 4.0, and the rise of China, Japan, South Korea, and India as manufacturing centers. Governments at the regional level are investing heavily in the establishment of smart cities, digital infrastructure, and the development of smart factories to fuel competitiveness and energy efficiency. In addition, regional companies are increasingly embracing IIoT to cut operating expenses and maximize productivity in industries such as electronics, automobile, chemicals, and food processing.
North America is expected to generate the highest demand during the forecast period in the Industrial IoT market. The region owes its leadership to the initial adoption of cutting-edge manufacturing technology, improved infrastructure, and intensive investment in automation by sectors like aerospace, energy, automotive, and logistics. The United States, particularly, has witnessed large-scale deployments of IIoT platforms for predictive maintenance, intelligent factories, and digital twins. The region has also been aided by the presence of global leaders like GE Digital, Honeywell, and IBM, which have entrenched the region's technology ecosystem. Government programs favoring smart manufacturing, coupled with great digital maturity in all industries, guarantee North America's leadership through the next few years.
Top 10 Industrial IoT Trends
- Expansion of IIoT Platforms and Solutions
- Growth of Predictive Maintenance & Analytics
- Proliferation of Edge Computing and Digital Twins
- Integration with 5G, TSN and Wi-Fi 7 Networks
- Industrial Automation and Robotic Process Control
- IIoT-as-a-Service (IIoT aa S) Models
- Cybersecurity and Secure OT/IT Convergence
- Adoption of Smart Manufacturing and Smart Factories
- Use in Logistics, Supply Chain and Asset Tracking
- Sustainability and Energy Efficiency Applications
1. Expansion of IIoT Platforms & Solutions
Workflows for data, analytics, and networking are being centralised by industrial IoT platforms. Platform providers provide cross-vertical use cases, such as SCADA integration and factory execution systems, by providing integrated dashboards and APIs that streamline deployment.
2. Growth of Predictive Maintenance & Analytics
Sensors provide analytics engines with real-time environmental and machine data, allowing predictive maintenance to save expensive downtime and equipment failure. This trend optimises resource consumption and greatly increases operational reliability.
3. Proliferation of Edge Computing & Digital Twin
Edge computing is being used by industrial processes more and more to process data locally, allowing for quicker reaction times and reduced latency. Digital twins are used to model real-world assets for scenario testing and proactive performance monitoring.
4. Integration with 5G, TSN & WiFi 7 Networks
Time-sensitive networking (TSN), WiFi-7, 5G, and other high-speed, low-latency industrial networks are making it possible to control machinery and equipment in real time. These networks facilitate important IIoT use cases in automation and smart manufacturing.
5. Industrial Automation & Robotic Process Control
IIoT-powered automation makes it possible for autonomous guided vehicles (AGVs), flexible manufacturing lines, and robotic process control. Smart robots that adjust based on sensor data are being used by manufacturers to improve quality control and throughput.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Industrial IoT market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Industrial IoT Market
- Schneider Electric
- IBM Corporation
- Cisco
- Siemens
- GE
- Microsoft
- Intel Corporation
- Rockwell Automation, Inc.
- ABB
- Texas Instruments Inc.
1. Schneider Electric
Headquarters – France
Based in Rueil-Malmaison, France, Schneider Electric is a world leader in automation and energy management. Schneider Electric provides IIoT-solution-enabled solutions based on its EcoStruxure platform, enabling smart factories, industrial automation, and energy optimization solutions across industries.
2. IBM Corporation
Headquarters – United States
Armonk, New York-based IBM offers cutting-edge IIoT solutions via its Watson IoT platform. It's the first among major AI-based analytics, predictive maintenance, and cloud-based industrial solutions players, enabling smarter manufacturing, utilities, and logistics operations.
3. Cisco Systems
Headquarters – United States
San Jose, California-based Cisco is at the forefront of industrial networking. It offers secure, scalable IIoT infrastructure that links machines, data, and people using industrial switches, gateways, and edge computing platforms.
4. Siemens AG
Headquarters – Germany
Germany-based Munich-headquartered company Siemens is a worldwide industrial automation champion. Siemens empowers digital twin technology, smart factory deployment, and real-time process optimization for global manufacturing industries through its MindSphere and Industrial Edge platforms.
5. General Electric
Headquarters – United States
GE, with its digital business unit GE Digital, provides IIoT solutions such as Predix for industrial analytics and asset performance. Boston-headquartered GE's technology is widely used in power, aviation, and heavy industry.
Are you ready to discover more about the Industrial IoT market?
The report provides an in-depth analysis of the leading companies operating in the global Industrial IoT market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Schneider Electric
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- IBM Corporation
- Cisco
- Siemens
- GE
- Microsoft
- Intel Corporation
- Rockwell Automation, Inc.
- ABB
- Texas Instruments Inc.
Conclusion
The worldwide Industrial IoT market is compelling an across-the-board change in the way businesses are dealing with operation, manufacturing, and asset performance. As industrial industries are adopting real-time information, predictive analytics, and intelligent automation, IIoT is becoming inevitable to enhance efficiency, safety, and sustainability. North America is the largest market leader in adoption and infrastructure, and Asia-Pacific is experiencing the highest growth, driven by industrialization and smart manufacturing initiatives. Emerging key trends like edge computing growth, digital twins, IIoT-as-a-Service, and cybersecurity enablement are defining the future industrial ecosystems.
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