Global IoT in Manufacturing Market Size study & Forecast, by Platform, by Offering, by Application and Regional Forecasts 2025-2035

Description

The Global IoT in Manufacturing Market is valued approximately at USD 120.8 billion in 2024 and is anticipated to grow at a remarkable CAGR of 24.50% over the forecast period 2025-2035. IoT in manufacturing encompasses a highly interconnected ecosystem of devices, sensors, platforms, and analytics tools that enable factories to monitor, optimize, and automate processes in real time. From predictive maintenance and asset tracking to end-to-end supply chain visibility, IoT is transforming how manufacturers operate by bridging physical and digital worlds. This convergence not only reduces downtime and operational inefficiencies but also drives data-led decision-making at scale. The rising need for operational resilience, growing digitalization of factories, and increasing demand for smart, connected products are collectively pushing the IoT in Manufacturing market forward.

The demand surge is further catalyzed by the pressing need to future-proof industrial operations. Manufacturers worldwide are increasingly leaning on IoT platforms to monitor equipment health, reduce maintenance costs, and predict failures before they occur-thereby extending asset lifecycle. According to industry reports, over 75% of industrial companies globally have already deployed or are planning to adopt IoT-based solutions for efficiency optimization. Furthermore, the ability of IoT to support agile manufacturing, adapt to fluctuating consumer demand, and enhance workplace safety makes it indispensable. However, issues related to cybersecurity vulnerabilities and high implementation costs remain persistent barriers. Still, the steady penetration of 5G, edge computing, and AI-powered analytics offers unprecedented opportunities to accelerate IoT adoption in the manufacturing sector during 2025-2035.

The detailed segments and sub-segments included in the report are:

By Platform:

Device Management
Application Management
Network Management

By Offering:

Software Solutions
Services

By Application:

Predictive Maintenance
Asset Tracking and Management
Logistics and Supply Chain Management
Real-Time Workforce Tracking and Management
Emergency and Incident Management
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Predictive maintenance is projected to dominate the market during the forecast period. Manufacturers have increasingly recognized predictive maintenance as a game-changer, as it enables them to proactively address equipment failures before they escalate into costly downtime. Leveraging IoT-enabled sensors and AI-driven analytics, predictive maintenance provides real-time insights into machine health, optimizing repair schedules and minimizing unexpected breakdowns. The ability to extend asset longevity, reduce operational costs, and improve overall equipment effectiveness has placed predictive maintenance at the forefront of IoT adoption. In fact, its adoption aligns with the broader push toward Industry 4.0, where automation and connected intelligence redefine manufacturing efficiency.
In terms of revenue, software solutions hold the lion's share within the IoT in Manufacturing market. Enterprises across the globe rely on advanced IoT software platforms to enable seamless integration of devices, manage massive data streams, and transform raw data into actionable intelligence. Software-led IoT ecosystems empower manufacturers with scalable and customizable platforms that unify asset management, logistics, and workforce monitoring in one interface. While services-such as deployment, consulting, and support-are growing rapidly due to rising demand for end-to-end IoT implementation, software solutions continue to capture the majority of revenue, reflecting their foundational role in digital factory transformation.
The key regions considered for the Global IoT in Manufacturing Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently commands the largest market share, backed by its advanced industrial infrastructure, rapid adoption of automation technologies, and robust ecosystem of IoT solution providers. The U.S., in particular, leads with large-scale investments in smart factories, enabling real-time analytics and industrial automation. On the other hand, Asia Pacific is expected to be the fastest-growing region throughout the forecast horizon. With rapid industrialization in China and India, government-backed smart manufacturing initiatives, and surging demand for connected systems, APAC is poised to outpace other geographies in IoT adoption. Europe, meanwhile, is steadily strengthening its position with strong regulatory frameworks, Industry 4.0 strategies, and significant R&D investment across Germany, France, and the UK.

Major market players included in this report are:

IBM Corporation
Microsoft Corporation
Cisco Systems, Inc.
Siemens AG
SAP SE
PTC Inc.
Rockwell Automation, Inc.
General Electric Company
Intel Corporation
Oracle Corporation
Honeywell International Inc.
Hitachi Ltd.
Robert Bosch GmbH
Schneider Electric SE
ABB Ltd.

Global IoT in Manufacturing Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global IoT in Manufacturing Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global IoT in Manufacturing Market Forces Analysis

3.1. Market Forces Shaping The Global IoT in Manufacturing Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising need for operational resilience
- 3.2.2. Growing digitalization of factories
3.3. Restraints
- 3.3.1. Cybersecurity vulnerabilities and high implementation costs
3.4. Opportunities
- 3.4.1. Ability of IoT to support agile manufacturing
- 3.4.2. Adapt to fluctuating consumer demand

Chapter 4. Global Spacer Fluid Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global IoT in Manufacturing Market Size & Forecasts by Platform 2025-2035

5.1. Market Overview
5.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
5.3. Device Management
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Application Management
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Network Management
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global IoT in Manufacturing Market Size & Forecasts by Offering 2025-2035

6.1. Market Overview
6.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
6.3. Software Solutions
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Services
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global IoT in Manufacturing Market Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Growth Hormone Deficiency Market Performance - Potential Analysis (2025)
7.3. Predictive Maintenance
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Asset Tracking and Management
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Logistics and Supply Chain Management
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Real-Time Workforce Tracking and Management
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035
7.7. Emergency and Incident Management
- 7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.7.2. Market size analysis, by region, 2025-2035
7.8. Others
- 7.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.8.2. Market size analysis, by region, 2025-2035

Chapter 8. Global IoT in Manufacturing Market Size & Forecasts by Region 2025-2035

8.1. Growth IoT in Manufacturing Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America IoT in Manufacturing Market
- 8.3.1. U.S. IoT in Manufacturing Market
  - 8.3.1.1. Platform breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Offering breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada IoT in Manufacturing Market
  - 8.3.2.1. Platform breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Offering breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe IoT in Manufacturing Market
- 8.4.1. UK IoT in Manufacturing Market
  - 8.4.1.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany IoT in Manufacturing Market
  - 8.4.2.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France IoT in Manufacturing Market
  - 8.4.3.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain IoT in Manufacturing Market
  - 8.4.4.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy IoT in Manufacturing Market
  - 8.4.5.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe IoT in Manufacturing Market
  - 8.4.6.1. Platform breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Offering breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific IoT in Manufacturing Market
- 8.5.1. China IoT in Manufacturing Market
  - 8.5.1.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India IoT in Manufacturing Market
  - 8.5.2.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan IoT in Manufacturing Market
  - 8.5.3.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia IoT in Manufacturing Market
  - 8.5.4.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea IoT in Manufacturing Market
  - 8.5.5.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC IoT in Manufacturing Market
  - 8.5.6.1. Platform breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Offering breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America IoT in Manufacturing Market
- 8.6.1. Brazil IoT in Manufacturing Market
  - 8.6.1.1. Platform breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Offering breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico IoT in Manufacturing Market
  - 8.6.2.1. Platform breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Offering breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa IoT in Manufacturing Market
- 8.7.1. UAE IoT in Manufacturing Market
  - 8.7.1.1. Platform breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Offering breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) IoT in Manufacturing Market
  - 8.7.2.1. Platform breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Offering breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa IoT in Manufacturing Market
  - 8.7.3.1. Platform breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Offering breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. IBM Corporation
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Microsoft Corporation
9.4. Cisco Systems, Inc.
9.5. Siemens AG
9.6. SAP SE
9.7. PTC Inc.
9.8. Rockwell Automation, Inc.
9.9. General Electric Company
9.10. Intel Corporation
9.11. Oracle Corporation
9.12. Honeywell International Inc.
9.13. Hitachi Ltd.
9.14. Robert Bosch GmbH
9.15. Schneider Electric SE
9.16. ABB Ltd.