- Solution
- Services
- Platform
Industrial Internet of Things (IoT) Market size was valued at USD 77.2 billion in 2022 and is expected to reach a value of USD 122.4 billion by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The global market provides a detailed overview of the industrial internet of things (IoT) market and that can be segmented by component and end-user. By component, the imarket has been segmented into solution, service, and platform. The solution segment is likely to be the largest and fastest-growing segment in terms of the component. Further, the solution is further segregated into remote monitoring, data management, analytics, and security solutions. Services are sub-segmented into professional and managed. The platform is divided into connectivity management, application management, and device management. Based on end users, the industrial internet of things (IoT) market is segmented into manufacturing, energy & power, oil & gas, healthcare, logistics & transport, and agriculture. Among these, the healthcare segment is expected to have the fastest-growing market during the forecast period 2023-2029.
Industrial Internet of Things (IoT) Market Key Developments:
In Feb 2021, Cisco has teamed up with Newark, an Avnet company, to offer customers across North America industrial IoT network solutions for rugged and non-carpeted environments.
Industrial Internet Of Things Iot Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.8%
Largest Market
Asia-Pacific
Fastest Growing Market
Asia-Pacific
Industrial Internet Of Things (IoT) Market Dynamics
Since IoT is used in many devices and applications in different industries, such as wearable devices, healthcare, consumer electronics, and among others, the IoT industry has increased its efforts in developing new IoT-based products. These features allow gadgets to increase productivity by improving efficiency, safety, and decision-making. As a result of these causes, the industrial internet of things market is growing around the world.
Asia-Pacific Got Significant Share
Industrial Internet Of Things (IoT) Market Regional Analysis
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The region has become a global focal point for large investments and corporate growth, and it is a major hub for industrial manufacturing. The market is predicted to develop due to the region's growing population, rising R&D investments, and international and domestic IT businesses' increased focus on the growth of big data analytics and cloud-based services in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The industrial internet of things (IoT) market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Industrial Internet Of Things Iot Market Segmentation
By Component
By End User
- Manufacturing
- Energy & Power
- Oil & Gas
- Healthcare
- Logistics & Transport
- Agriculture
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Frequently Asked Questions
The Industrial Internet Of Things (IoT) Market is projected to expand at a CAGR of 6.8% during the forecast period.
The major players in the global Industrial Internet Of Things (IoT) Market are Cisco Systems, Inc., General Electric, Intel Corporation, Rockwell Automation, Inc., Abb Group, Texas Instruments, Inc., Dassault Systemes, Honeywell International, Inc., Huawei Technology Co., Ltd., and IBM Corporation.etc.
Asia Pacific is the fastest-growing region for Industrial Internet Of Things (IoT) Market
| 1. Executive Summary |
| 2. Global Industrial Internet Of Things (IoT) Market Introduction |
| 2.1. Global Industrial Internet Of Things (IoT) Market - Taxonomy |
| 2.2. Global Industrial Internet Of Things (IoT) Market -Definitions |
| 2.2.1. By Component |
| 2.2.2. By End User |
| 3. Global Industrial Internet Of Things (IoT) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Industrial Internet Of Things (IoT) Market Dynamic Factors - Impact Analysis |
| 3.6. Global Industrial Internet Of Things (IoT) Market - Competition Landscape |
| 4. Global Industrial Internet Of Things (IoT) Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Industrial Internet Of Things (IoT) Market, By Component, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Solution |
| 5.1.1. Remote Monitoring |
| 5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Data Management |
| 5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Analytics |
| 5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Security Solutions |
| 5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.1.5. Others |
| 5.1.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.5.3. Market Opportunity Analysis |
| 5.2. Services |
| 5.2.1. Professional |
| 5.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Managed |
| 5.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 5.3. Platform |
| 5.3.1. Connectivity Management |
| 5.3.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.1.3. Market Opportunity Analysis |
| 5.3.2. Application Management |
| 5.3.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.2.3. Market Opportunity Analysis |
| 5.3.3. Device Management |
| 5.3.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3.3. Market Opportunity Analysis |
| 6. Global Industrial Internet Of Things (IoT)Â Market Forecast, By End User,2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Manufacturing |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Energy & Power |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Oil & Gas |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Healthcare |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Logistics & Transport |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Agriculture |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Industrial Internet Of Things (IoT) Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Region, 2023 - 2029 |
| 8. North America Industrial Internet Of Things (IoT) MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Solution |
| 8.1.1.1. Remote Monitoring |
| 8.1.1.2. Data Management |
| 8.1.1.3. Analytics |
| 8.1.1.4. Security Solutions |
| 8.1.1.5. Others |
| 8.1.2. Services |
| 8.1.2.1. Professional |
| 8.1.2.2. Managed |
| 8.1.3. Platform |
| 8.1.3.1. Connectivity Management |
| 8.1.3.2. Application Management |
| 8.1.3.3. Device Management |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Manufacturing |
| 8.2.2. Energy & Power |
| 8.2.3. Oil & Gas |
| 8.2.4. Healthcare |
| 8.2.5. Logistics & Transport |
| 8.2.6. Agriculture |
| 8.2.7. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Country, 2023 - 2029 |
| 8.5. North America Industrial Internet Of Things (IoT) Market Dynamics - Trends |
| 9. Europe Industrial Internet Of Things (IoT) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Solution |
| 9.1.1.1. Remote Monitoring |
| 9.1.1.2. Data Management |
| 9.1.1.3. Analytics |
| 9.1.1.4. Security Solutions |
| 9.1.1.5. Others |
| 9.1.2. Services |
| 9.1.2.1. Professional |
| 9.1.2.2. Managed |
| 9.1.3. Platform |
| 9.1.3.1. Connectivity Management |
| 9.1.3.2. Application Management |
| 9.1.3.3. Device Management |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Manufacturing |
| 9.2.2. Energy & Power |
| 9.2.3. Oil & Gas |
| 9.2.4. Healthcare |
| 9.2.5. Logistics & Transport |
| 9.2.6. Agriculture |
| 9.2.7. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Country,2023 - 2029 |
| 9.5. Europe Industrial Internet Of Things (IoT) Market Dynamics - Trends |
| 10. Asia-Pacific Industrial Internet Of Things (IoT) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Solution |
| 10.1.1.1. Remote Monitoring |
| 10.1.1.2. Data Management |
| 10.1.1.3. Analytics |
| 10.1.1.4. Security Solutions |
| 10.1.1.5. Others |
| 10.1.2. Services |
| 10.1.2.1. Professional |
| 10.1.2.2. Managed |
| 10.1.3. Platform |
| 10.1.3.1. Connectivity Management |
| 10.1.3.2. Application Management |
| 10.1.3.3. Device Management |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Manufacturing |
| 10.2.2. Energy & Power |
| 10.2.3. Oil & Gas |
| 10.2.4. Healthcare |
| 10.2.5. Logistics & Transport |
| 10.2.6. Agriculture |
| 10.2.7. Others |
| 10.3. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Country,2023 - 2029 |
| 10.5. Asia-PacificIndustrial Internet Of Things (IoT) Market Dynamics - Trends |
| 11. Latin America Industrial Internet Of Things (IoT) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Solution |
| 11.1.1.1. Remote Monitoring |
| 11.1.1.2. Data Management |
| 11.1.1.3. Analytics |
| 11.1.1.4. Security Solutions |
| 11.1.1.5. Others |
| 11.1.2. Services |
| 11.1.2.1. Professional |
| 11.1.2.2. Managed |
| 11.1.3. Platform |
| 11.1.3.1. Connectivity Management |
| 11.1.3.2. Application Management |
| 11.1.3.3. Device Management |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Manufacturing |
| 11.2.2. Energy & Power |
| 11.2.3. Oil & Gas |
| 11.2.4. Healthcare |
| 11.2.5. Logistics & Transport |
| 11.2.6. Agriculture |
| 11.2.7. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Country,2023 - 2029 |
| 11.5. Latin America Industrial Internet Of Things (IoT) Market Dynamics - Trends |
| 12. Middle East and Africa Industrial Internet Of Things (IoT) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Solution |
| 12.1.1.1. Remote Monitoring |
| 12.1.1.2. Data Management |
| 12.1.1.3. Analytics |
| 12.1.1.4. Security Solutions |
| 12.1.1.5. Others |
| 12.1.2. Services |
| 12.1.2.1. Professional |
| 12.1.2.2. Managed |
| 12.1.3. Platform |
| 12.1.3.1. Connectivity Management |
| 12.1.3.2. Application Management |
| 12.1.3.3. Device Management |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Manufacturing |
| 12.2.2. Energy & Power |
| 12.2.3. Oil & Gas |
| 12.2.4. Healthcare |
| 12.2.5. Logistics & Transport |
| 12.2.6. Agriculture |
| 12.2.7. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Industrial Internet Of Things (IoT) Market - Opportunity Analysis Index, By Component, By End User, and Country,2023 - 2029 |
| 12.5. MEA Industrial Internet Of Things (IoT) Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, End User& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Cisco Systems, Inc. |
| 13.2.2. General Electric |
| 13.2.3. Intel Corporation |
| 13.2.4. Rockwell Automation, Inc. |
| 13.2.5. Abb Group |
| 13.2.6. Texas Instruments, Inc. |
| 13.2.7. Dassault Systemes |
| 13.2.8. Honeywell International, Inc. |
| 13.2.9. Huawei Technology Co., Ltd., |
| 13.2.10. IBM Corporation |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Cisco Systems, Inc.
- General Electric
- Intel Corporation
- Rockwell Automation, Inc.
- Abb Group
- Texas Instruments, Inc.
- Dassault Systemes
- Honeywell International, Inc.
- Huawei Technology Co., Ltd.,
- IBM Corporation