Industrial Internet-of-Things Market Outlook: Industry Overview and Forecast (2024 to 2031)

The "Industrial Internet-of-Things Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Industrial Internet-of-Things market is expected to grow annually by 6.9% (CAGR 2024 - 2031).

This entire report is of 116 pages.

Industrial Internet-of-Things Introduction and its Market Analysis

The Industrial Internet-of-Things (IIoT) market research reports highlight a rapidly growing industry driven by factors like increasing adoption of automation and digitalization in industries such as manufacturing and oil & gas. Key players in the market include Cisco, GE, Honeywell, Intel, IBM, ABB, Rockwell Automation, Siemens, Huawei, Bosch, Kuka, Texas Instruments, Dassault Systemes, PTC, ARM, and NEC. The market is projected to see significant revenue growth due to advancements in sensor technology, cloud computing, and data analytics. The reports recommend investing in research and development to stay competitive and capitalize on the growing opportunities in the IIoT market.

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The Industrial Internet-of-Things (IIoT) market is experiencing rapid growth, driven by advancements in wired, wireless, and field technologies. This technology is revolutionizing industries such as manufacturing, energy, automotive, healthcare, food and beverage, and chemicals. The use of IIoT in these sectors results in increased productivity, efficiency, and cost savings.

Regulatory and legal factors play a key role in shaping the IIoT market. Companies must comply with data protection regulations, cybersecurity measures, and industry-specific standards to ensure the secure implementation of IIoT technologies. Additionally, government policies and industry guidelines impact the development and deployment of IIoT solutions.

As the IIoT market continues to expand, businesses must stay informed of regulatory requirements and adjust their strategies accordingly. By understanding the legal landscape and adhering to industry standards, companies can leverage the full potential of IIoT technologies to drive innovation and growth in their respective industries.

Top Featured Companies Dominating the Global Industrial Internet-of-Things Market

The Industrial Internet-of-Things (IIoT) market is highly competitive with several key players dominating the industry. Companies such as Cisco, GE, Honeywell, Intel, IBM, ABB, Rockwell Automation, Siemens, Huawei, Bosch, Kuka, Texas Instruments, Dassault Systemes, PTC, ARM, and NEC are major players in the market. These companies offer a wide range of products and services that cater to different industries and sectors.

These companies utilize IIoT technologies to provide solutions that help businesses improve operational efficiency, reduce downtime, optimize supply chain management, and enhance overall productivity. With the help of IIoT, these companies can collect, analyze, and leverage data in real-time to make informed decisions, automate processes, and improve overall performance.

Cisco, for example, offers industrial networking solutions that enable businesses to connect and manage their IIoT devices securely. GE provides industrial software and analytics solutions to optimize asset performance and reduce maintenance costs. Honeywell offers connected services that help businesses monitor and control their industrial equipment remotely.

In terms of sales revenue, some of these companies have reported impressive figures. For example, Cisco reported annual revenue of over $49 billion in 2020. GE reported revenue of over $79 billion, while Intel reported revenue of over $77 billion. IBM reported revenue of over $73 billion, and Siemens reported revenue of over $104 billion.

Overall, these companies play a crucial role in driving the growth of the IIoT market by offering innovative solutions and services that help businesses transform their operations and drive digital transformation. Their expertise and technology are instrumental in shaping the future of the industrial sector and driving the adoption of IIoT technologies worldwide.

• Cisco
• GE
• Honeywell
• Intel
• IBM
• ABb
• Rockwell Automation
• Siemens
• Huawei
• BoscH
• Kuka
• Texas Instrumemts
• Dassault Systemes
• PTc
• ARM
• NEC

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Industrial Internet-of-Things Market Analysis, by Type:

• Wired Technology
• Wireless Technology
• Field Technology

Wired technology involves the use of cables for communication between devices, while wireless technology enables data transmission through radio waves. Field technology includes sensors and actuators that collect and control data at the production site. These types of technologies help in boosting the demand of the Industrial Internet-of-Things market by providing seamless connectivity, real-time data monitoring, and automation of processes. Wired technology offers reliable and secure communication, while wireless technology allows for flexibility and accessibility. Field technology enhances efficiency and accuracy of data collection, leading to improved decision-making and overall productivity in industrial operations.

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Industrial Internet-of-Things Market Analysis, by Application:

• Manufacturing
• Energy and Utilities
• Automotive and Transportation
• Healthcare
• Food and Beverage
• Chemicals

The Industrial Internet-of-Things (IIoT) is applied in various industries such as manufacturing (improving efficiency and productivity), energy and utilities (monitoring and optimizing operations), automotive and transportation (enhancing safety and maintenance), healthcare (remote patient monitoring), food and beverage (ensuring quality and compliance), and chemicals (process optimization and predictive maintenance). The fastest growing application segment in terms of revenue is healthcare, as the demand for remote patient monitoring and telemedicine services continues to rise, driven by an aging population and healthcare cost containment efforts. IIoT is revolutionizing these industries by connecting devices, sensors, and machines to improve operations and decision-making.

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Industrial Internet-of-Things Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Industrial Internet-of-Things market is expected to see significant growth across all regions, with North America (NA) and Asia-Pacific (APAC) leading the way in terms of market dominance. NA is projected to hold the largest market share at around 35%, followed closely by APAC at 30%. Europe, the USA, and China are also expected to make significant contributions to the market, each holding around 15-20% market share. The overall market valuation is expected to reach a substantial figure, with the global Industrial Internet-of-Things market estimated to be worth over $300 billion by 2025.

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