Global Industrial Internet of Things (IIoT) Supply, Demand and Key Producers, 2026-2032

The global Industrial Internet of Things (IIoT) market size is expected to reach $ 681260 million by 2032, rising at a market growth of 18.1% CAGR during the forecast period (2026-2032).

The Industrial Internet of Things (IIoT) integrates various sensing and monitoring capabilities, including data acquisition and control sensors or controllers, as well as mobile communications and intelligent analytics, into every aspect of industrial production. This significantly improves manufacturing efficiency, product quality, and reduces costs and resource consumption, ultimately elevating traditional industries to a new stage of intelligence. In terms of application, IIoT applications feature real-time performance, automation, embedded systems (software), security, and information interoperability.

One of the primary drivers of IIoT adoption is the need for enhanced operational efficiency and reduced operational costs. Industrial enterprises are leveraging IIoT to monitor equipment, optimize production processes, and minimize downtime through predictive maintenance. Sensors and connected devices allow real-time monitoring of machinery performance, reducing unplanned maintenance and improving resource utilization, which directly impacts profitability.

The emergence of Industry 4.0 and smart factories is a significant driver for IIoT adoption. Industries are integrating automation, robotics, and intelligent systems to create highly efficient, flexible, and adaptive production environments. IIoT enables data-driven decision-making, machine-to-machine (M2M) communication, and seamless process control, allowing manufacturers to respond quickly to market changes and improve product quality.

IIoT facilitates predictive maintenance by collecting and analyzing real-time data from equipment and sensors. This enables industrial operators to predict equipment failures before they occur, schedule maintenance proactively, and reduce costly downtime. The ability to anticipate and prevent operational disruptions is a key factor driving IIoT adoption across manufacturing, energy, and logistics sectors.

The integration of AI, machine learning, and big data analytics with IIoT devices enhances decision-making and operational efficiency. By analyzing large volumes of real-time industrial data, companies can optimize production schedules, detect anomalies, and improve supply chain management. This analytical capability is a major driver, as businesses aim to leverage actionable insights to maintain competitiveness.

This report studies the global Industrial Internet of Things (IIoT) demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Industrial Internet of Things (IIoT), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Industrial Internet of Things (IIoT) that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Industrial Internet of Things (IIoT) total market, 2021-2032, (USD Million)

Global Industrial Internet of Things (IIoT) total market by region & country, CAGR, 2021-2032, (USD Million)

U.S. VS China: Industrial Internet of Things (IIoT) total market, key domestic companies, and share, (USD Million)

Global Industrial Internet of Things (IIoT) revenue by player, revenue and market share 2021-2026, (USD Million)

Global Industrial Internet of Things (IIoT) total market by Type, CAGR, 2021-2032, (USD Million)

Global Industrial Internet of Things (IIoT) total market by Application, CAGR, 2021-2032, (USD Million)

This report profiles major players in the global Industrial Internet of Things (IIoT) market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include IBM, Cisco, Microsoft, Dell, Siemens, Intel, Google, SAP, ABB, Bosch, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Industrial Internet of Things (IIoT) market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Industrial Internet of Things (IIoT) Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Industrial Internet of Things (IIoT) Market, Segmentation by Type:
Hardware
Software
Service

Global Industrial Internet of Things (IIoT) Market, Segmentation by Application:
Manufacturing
Energy and Electricity
Oil and Gas
Metals and Mining
Logistics
Transportation
Agriculture
Medical Insurance
Construction
Others

Companies Profiled:
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

Key Questions Answered

1. How big is the global Industrial Internet of Things (IIoT) market?

2. What is the demand of the global Industrial Internet of Things (IIoT) market?

3. What is the year over year growth of the global Industrial Internet of Things (IIoT) market?

4. What is the total value of the global Industrial Internet of Things (IIoT) market?

5. Who are the Major Players in the global Industrial Internet of Things (IIoT) market?

6. What are the growth factors driving the market demand? Show more