Global Industrial Internet of Things (IIoT) Market Growth (Status and Outlook) 2025-2031

The global Industrial Internet of Things (IIoT) market size is predicted to grow from US$ 1385 million in 2025 to US$ 4458 million in 2031; it is expected to grow at a CAGR of 21.5% from 2025 to 2031.

Global core industrial internet of things players include IBM, Cisco and Microsoft etc. The top 3 companies hold a share about 15%. America is the largest market, with a share about 28%, followed by Europe and China.

In terms of product, Service Product is the largest segment with a share about 38%. And in terms of applications, the largest application is manufacturing with a share about 21%.

LPI (LP Information)' newest research report, the “Industrial Internet of Things (IIoT) Industry Forecast” looks at past sales and reviews total world Industrial Internet of Things (IIoT) sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Internet of Things (IIoT) sales for 2025 through 2031. With Industrial Internet of Things (IIoT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Internet of Things (IIoT) industry.

This Insight Report provides a comprehensive analysis of the global Industrial Internet of Things (IIoT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Industrial Internet of Things (IIoT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Internet of Things (IIoT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Internet of Things (IIoT) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Internet of Things (IIoT).

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Internet of Things (IIoT) market by product type, application, key players and key regions and countries.

Segmentation by Type:

Hardware

Software

Service

Segmentation by Application:

Manufacturing

Energy and Electricity

Oil and Gas

Metals and Mining

Logistics

Transportation

Agriculture

Medical Insurance

Construction

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

IBM

Cisco

Microsoft

Dell

Siemens

Intel

Google

SAP

ABB

Bosch

Hitachi

Vodafone

Schneider Electric

Panasonic

Honeywell

GE

AT&T

Huawei

Ericsson

Toshiba

NEC

Dassault Systèmes

Belden

Digi International

Haier

PTC

Midea

Foxconn Industrial Internet

Boe Technology Group

Kyland Technology

Tsinghua Tongfang

Fujian Star-net Communication

CIMC IOT Technology

Please note: The report will take approximately 2 business days to prepare and deliver.