Industrial Internet Of Things (IIoT) Market Size, Share, and Growth Analysis, By Deployment (On-Premise, Cloud-Based), By Offering (Hardware, Software), By Vertical, By Connectivity Technology, By Region

Description

Industrial Internet Of Things (IIoT) Market size was valued at USD 211.31 Billion in 2024 and is poised to grow from USD 228.64 Billion in 2025 to USD 429.5 Billion by 2033, growing at a CAGR of 8.2% during the forecast period (2026-2033).

The Industrial Internet of Things (IIoT) comprises interconnected devices, sensors, and systems designed to enhance operational efficiency, productivity, and safety within industrial settings. Unlike consumer-focused IoT, IIoT focuses on real-time data exchange and analytics, facilitating seamless communication for improved monitoring, predictive maintenance, and data-driven decision-making. The adoption of IIoT solutions is surging as industries emphasize remote monitoring and resilience, driven by ongoing trends in automation and digitalization. Key sectors, including manufacturing, energy, transportation, and healthcare, are increasingly implementing smart sensors and cloud computing to leverage vast data for proactive maintenance and insights. While challenges such as cybersecurity, interoperability, and data privacy persist, continued investment in technology and infrastructure is propelling significant growth in the IIoT market globally.

Top-down and bottom-up approaches were used to estimate and validate the size of the Industrial Internet Of Things (IIoT) market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Industrial Internet Of Things (IIoT) Market Segments Analysis

The Global Industrial Internet of Things (IIoT) Market is segmented based on Component, Technology, Connectivity Technology, Software, Vertical and Region. Based on Component, the market can be segmented into Hardware, Solution, Service, And Platform. Based on Technology, the market is segmented into Sensors, Radio Frequency Identification (RFID), Industrial Robotics, Distributed Control Systems, and Others. Based on Connectivity Technology, the market is segmented into Wired Technology and Wireless Technology. Based on Software, the market is segmented into Visualization Software, SCADA, Distribution Management System, Farm Management Systems, and Others. Based on Vertical, the market is segmented into Manufacturing, Energy, Oil & Gas, Healthcare, Retail, Transportation, Metal & Mining, Agriculture, and Others. Based on the Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Driver of the Industrial Internet Of Things (IIoT) Market

The expansion of the Industrial Internet of Things (IIoT) market has been significantly influenced by the rise of Internet Protocol version 6 (IPv6), which accommodates the increasing number of internet-connected devices. Unlike its predecessor, Internet Protocol version 4 (IPv4), which could not support the vast growth of linked devices due to its limited address space, IPv6 offers an unprecedented 128-bit address system. This advancement enables the unique identification of a far greater number of IoT devices, paving the way for more extensive connectivity. As a result, the adoption of IPv6 is expected to drive soaring global demand for IIoT technologies, facilitating a more open and efficient infrastructure for IoT applications.

Restraints in the Industrial Internet Of Things (IIoT) Market

The Industrial Internet of Things (IIoT) market faces significant restraints primarily due to the high expenses associated with the implementation of IIoT devices. For instance, machine-to-machine (M2M) communication, a crucial application of IIoT, requires industrial machinery to be equipped with specialized components that gather critical data and transmit it to a central system for storage and analysis. However, many older machines lack these essential components, necessitating costly retrofitting or upgrades. This added financial burden can deter businesses from adopting IIoT solutions, ultimately hindering the growth and expansion of the market.

Market Trends of the Industrial Internet Of Things (IIoT) Market

The Industrial Internet of Things (IIoT) market is experiencing robust growth, particularly within the manufacturing sector, which is witnessing considerable investments in IoT technologies. Decision-makers are increasingly recognizing the potential of IIoT to enhance industrial automation, improve quality and compliance, optimize production planning, streamline supply chain logistics, and bolster plant safety. The advent of Industry 4.0 is further propelling the adoption of IIoT, as it enables manufacturers to optimize operations, minimize downtime, and boost efficiency through insightful data-driven decision-making. As a result, the manufacturing industry is poised for elevated adoption rates of IoT solutions, far surpassing other sectors, promising substantial returns on investment and improved profit margins.

Product Code: SQMIG45A2329

Introduction

Objectives of the Study
Scope of the Report
Definitions

Research Methodology

Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Overview
Market Size
Market Dynamics
- Drivers & Opportunities
- Restraints & Challenges
Porters Analysis
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers

Key Market Insights

Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2025
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Case Studies
Patent Analysis
Technology Analysis
Customer And Buying Criteria Analysis

Global Industrial Internet Of Things (IIoT) Market Size by Deployment & CAGR (2026-2033)

Market Overview
On-Premise
Cloud-Based

Global Industrial Internet Of Things (IIoT) Market Size by Offering & CAGR (2026-2033)

Market Overview
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 Internet Of Things (IIoT) Market Size by Vertical & CAGR (2026-2033)

Market Overview
Manufacturing
Energy
Smart Grids
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 Internet Of Things (IIoT) Market Size by Connectivity Technology & CAGR (2026-2033)

Market Overview
Wired
- Ethernet
- Modbus
- PROFINET
- CC-Link
- Foundation Fieldbus
Wireless Technologies
- Wi-Fi
- Bluetooth
- Cellular Technologies
- 4G/LTE
- 5G
- Satellite Technologies

Global Industrial Internet Of Things (IIoT) Market Size & CAGR (2026-2033)

North America (Deployment, Offering, Vertical, Connectivity Technology)
- US
- Canada
Europe (Deployment, Offering, Vertical, Connectivity Technology)
- Germany
- Spain
- France
- UK
- Italy
- Rest of Europe
Asia Pacific (Deployment, Offering, Vertical, Connectivity Technology)
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America (Deployment, Offering, Vertical, Connectivity Technology)
- Brazil
- Rest of Latin America
Middle East & Africa (Deployment, Offering, Vertical, Connectivity Technology)
- GCC Countries
- South Africa
- Rest of Middle East & Africa

Competitive Intelligence

Top 5 Player Comparison
Market Positioning of Key Players, 2025
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2025
Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

General Electric Company (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Intel Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cisco Systems, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IBM Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siemens AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microsoft Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Honeywell International Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Schneider Electric SE (France)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ABB Ltd. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Rockwell Automation, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bosch Rexroth AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Accenture PLC (Ireland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huawei Technologies Co. Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AT&T Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SAP SE (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amazon Web Services, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oracle Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fujitsu Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hitachi, Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Industrial Internet Of Things (IIoT) Market Size, Share, and Growth Analysis, By Deployment (On-Premise, Cloud-Based), By Offering (Hardware, Software), By Vertical, By Connectivity Technology, By Region - Industry Forecast 2026-2033