Top 20 Companies in Industrial Internet of Things Market Worldwide 2025: Market Research Report (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Industrial Internet of Things Market Size is projected to Grow from USD 478.56 Billion in 2024 to USD 6003.45 Billion by 2035, at a CAGR of 25.85% during the forecast period 2025–2035. The growing need for automation, predictive maintenance, real-time data analytics, and smart manufacturing is propelling the industrial IoT market. Cloud computing, 5G, and AI integration improve operational effectiveness, lower downtime, and accelerate digital transformation across industries. One of the key trends propelling market expansion is the increasing incorporation of AI and ML into industrial Internet of Things (IIOT) systems, which makes predictive maintenance and operational optimization possible.
Introduction
The term industrial Internet Of Things (IIOT) Market Size describes the integration of smart sensors and internet connectivity into industrial machinery and equipment. Advanced data gathering, monitoring, analytics, and increased automation in production settings are made possible by it. Industrial assets can interact and exchange insights across platforms when IIOT connects them to a network. In addition to increasing productivity and fostering operational efficiencies, this aids in proactive problem-solving. Several industrial Internet of Things (IIOT) operations, such as automation, optimization, monitoring, maintenance, and networking, are integrated with the Internet of Things. The IIOT assists organizations and industries in improving operational reliability and efficiency by emphasizing big data, machine learning, and machine-to-machine (M2M) communication. Industrial uses of the IIOT include software-defined manufacturing processes, robotics, and medical technologies. The IIOT is crucial to the advancement of cyber-physical systems and manufacturing processes, which are anticipated to be aided by big data analytics and Industry 4.0. Industrial equipment and infrastructure rely on real-time data from sensors and other sources to make decisions, learn, and act.
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Industrial Internet of Things Market Size & Statistics
- The Market Size for Industrial Internet of Things Market Size Was Estimated to be worth USD 478.56 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 25.85% between 2025 and 2035.
- The Global Industrial Internet of Things Market Size is anticipated to reach USD 6003.45 Billion by 2035.
- North America is anticipated to generate the highest demand during the forecast period in the Industrial Internet of Things Market.
- Asia Pacific is expected to grow the fastest during the forecast period in the Industrial Internet of Things Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Industrial Internet of Things market.
Relative to other continents, the Asia Pacific is expected to have a larger and more diverse group of IoT-related enterprises, making it a major region in the Industrial IoT network. IoT projects in the region are being considered by international organizations due to the size and potential of the local activities and markets. In the area, advanced factory automation systems are becoming more and more common, particularly in China, Japan, and Taiwan. Businesses engaged in manufacturing in the region are beginning to see the advantages of implementing robot arm technology. As a result of government programs like "Made in China 2025," which prioritize the advancement of advanced automation technology in the area.
North America is anticipated to grow at the highest share over the forecast period in the Industrial Internet of Things market.
A strong emphasis on digital transformation, growing usage of AI and machine learning, and improvements in industrial automation are all likely to propel the North American Industrial Internet of Things Market Size to the fastest growth during the forecast period. IoT solutions are being integrated into industries including manufacturing, energy, and healthcare due to the region's well-established infrastructure and significant investments in smart manufacturing. The Internet of Things Cybersecurity Improvement Act of 2020, for example, was passed to establish minimum security requirements for IoT devices used by the federal government. It grants the Chief Information Officer (CIO) the power to forbid agencies from acquiring or utilizing devices that do not meet NIST standards, provided that the devices are used for research, national security, or other purposes.
Top 10 trends in the Industrial Internet of Things Market
- Condition Monitoring and Predictive Maintenance
- Advancements in Sensor Technology
- Edge Computing
- Artificial Intelligence and Machine Learning Integration
- 5G Connectivity
- Enhanced Cybersecurity Measures
- Sustainability and Energy Efficiency
- Integration with Legacy Systems
- Human-Machine Collaboration
- Blockchain for IoT Security and Transparency
1. Condition Monitoring and Predictive Maintenance
II0T sensors allow for remote, real-time equipment health monitoring, which minimizes downtime by anticipating and preventing malfunctions.
2. Advancements in Sensor Technology
Improved data quality from new, more robust, and precise sensors allows for enhanced automation and decision-making.
3. Artificial Intelligence and Machine Learning Integration
Analytics driven by AI enhance automated decision-making, anomaly detection, and predictive maintenance in industrial operations.
4. 5G Connectivity
5G networks, which are high-speed and low-latency, allow devices and systems in factories and industrial locations to communicate more quickly and reliably.
5.Blockchain for IoT Security and Transparency
By protecting data and transaction exchange in IIoT networks, blockchain technology improves transparency and trust.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Industrial Internet of Things market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Industrial Internet of Things Market
- Schneider Electric
- IBM Corporation
- Cisco
- Siemens
- GE
- Microsoft
- Intel Corporation
- Rockwell Automation, Inc.
- ABB
- Texas Instruments Inc.
- Dassault Systèmes
- Honeywell International Inc.
- Huawei Technology Co., Ltd.
- SAP
- Endress+Hauser
- Accenture PLC
- STMicroelectronics
- NEC Corporation
- KUKA AG
- General Electric.
1. IBM Corporation
Headquarters: New York, USA
IBM Corporation is a prominent participant in the Industrial Internet of Things (IIOT) Market Size, providing all-inclusive solutions that combine modern cloud computing, analytics, and artificial intelligence (AI) with IoT data. The IBM Watson IoT platform makes use of AI-driven insights to facilitate real-time industrial operations monitoring, improved asset performance management, and predictive maintenance. IBM's IIoT solutions enable companies to maximize production efficiency, decrease downtime, and enhance safety while enabling new business models and sustainability objectives by linking millions of devices and sensors.
2. Cisco
Headquarters: California, United States
Cisco is a top supplier of Industrial Internet of Things (IIOT) Market Size solutions, which help businesses automate, connect, and secure OT environments to facilitate more intelligent industrial operations. Among Cisco's IIOT products are high-performance, durable networking devices like industrial switches, routers, and wireless access points made to survive harsh industrial environments. A unified network architecture that unifies the IT and OT domains to enable smooth data flow and real-time analytics is supported by their portfolio. Cisco places a strong emphasis on safe industrial networks with features including segmentation, zero-trust network access, and thorough asset visibility for early threat identification and mitigation.
3. SAP
Headquarters: Walldorf, Germany
SAP plays a major role in the Industrial Internet of Things (IIOT) ecosystem by providing cutting-edge software solutions that combine supply chain, asset management, and enterprise resource planning (ERP) systems with IoT data. SAP's IIOT solutions use real-time data collection from industrial devices that are connected to improve supply chain transparency, operational efficiency, and predictive maintenance. SAP enables companies to move from reactive to predictive and prescriptive operations, minimizing downtime and increasing productivity, by fusing IoT with AI and machine learning. With its diverse deployment choices ranging from cloud to edge computing, SAP's IIOT platform which includes SAP Leonardo and SAP Edge Services allows processing near the data source for quick insights and control.
4. Microsoft
Headquarters: Washington, USA
Microsoft uses cloud computing, edge computing, and artificial intelligence (AI) to process data close to the source, reducing latency and guaranteeing quicker decision-making. One of the main priorities is security, and solutions like Azure Defender and Azure Sphere offer complete defense for industrial networks and equipment. By embracing scalability and interoperability, Microsoft's strategy enables companies to create adaptable, interoperable IIOT solutions that promote Industry 4.0 adoption and digital transformation. Features like Azure IoT Hub, Azure IoT Edge, and Azure Data Explorer make it easier to connect, monitor, and analyze massive assets, while integration with Power BI and Dynamics 365 improves business process management and visualization.
5. ABB
Headquarters: Zurich, Switzerland
ABB is a world leader in Industrial Internet of Things (IIOT) solutions, providing cutting-edge digital platforms that combine cloud computing, artificial intelligence, and industrial automation to maximize operations in a variety of business sectors. Their trademark ABB Ability TM platform offers a unified ecosystem for real-time industrial asset monitoring, control, and analysis, facilitating predictive maintenance, increased operational effectiveness, and decreased downtime. Delivering scalable, secure, and resilient IIOT solutions that meet the low-latency, security, and reliability requirements specific to industrial contexts is made possible by ABB's vast experience with intricate industrial processes. One of the recent projects is a partnership with China Telecom to provide end-to-end IIOT solutions that use cloud computing and 5G connectivity to help China achieve its sustainability and smart manufacturing objectives.
Are you ready to discover more about the industrial Internet of Things market?
The report provides an in-depth analysis of the leading companies operating in the global Industrial Internet of Things 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.
- Dassault Systèmes
- Honeywell International Inc.
- Huawei Technology Co., Ltd.
- SAP
- Endress+Hauser
- Accenture PLC
- STMicroelectronics
- NEC Corporation
- KUKA AG
- General Electric.
Conclusion
The Market Size for industrial Internet of Things, or IIOT, is expected to grow significantly due to the quick development of new technologies and the growing need for more intelligent, effective industrial processes. Innovating IIOT solutions that combine AI, cloud computing, edge analytics, and improved connectivity, like 5G, are being delivered by leading international companies, such as Schneider Electric, IBM, Cisco, Siemens, GE, Microsoft, and ABB. Predictive maintenance, real-time asset management, and the smooth integration of legacy systems are made possible by these developments, which promote sustainability and operational excellence across industries. With significant investments in automation technology and digital infrastructure, North America and the Asia Pacific stand out as major locations driving this expansion.
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