Industrial IoT Market by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029
The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Predictive maintenance of machinery, and emergence of 5G technology provide lucrative opportunities to the industrial IoT market.
“Cloud-based deployment segment to register highest growth rate during the forecast period.”
The cloud-based deployment type currently has the largest market share and is expected to grow at the highest rate during the forecast period. Cloud platforms provide easy scalability to accommodate increasing data volumes and device numbers, making them an attractive option for businesses of all sizes. Cloud deployment eliminates the need for significant investments in on-premise hardware and IT infrastructure, making it a cost-effective option. Cloud service providers (CSPs) are continuously enhancing security measures to address concerns about data privacy and compliance. Cloud technology is constantly evolving, offering new features, functionalities, and enhanced capabilities for industrial IoT applications. As the industrial IoT market expands, the demand for scalable and cost-effective cloud platforms will increase.
“Wireless connectivity technology segment is expected to register highest growth rate during the forecast period.”
Wireless connectivity technology holds the larger market share and is expected to grow with the highest CAGR within the Industrial IoT space. Wireless solutions offer greater ease of deployment and scalability compared to wired connections. Adding new devices or changing layouts is simpler with wireless, making them ideal for complex industrial environments. Wireless solutions can be easier and cheaper to install than wired networks, especially in existing facilities where installing wires might be disruptive or expensive. The ease of deploying wireless sensors and devices can accelerate the implementation of IIoT projects, reducing time to value.
“Germany is expected to hold the largest market share during the forecast period.”
Germany held the largest share of the industrial IoT market in Europe in 2023 and is expected to retain its position during the forecast period due to huge government investments in R&D. In Europe, Germany leads in the implementation of IoT solutions, particularly in the manufacturing and automotive industries. It is also at the forefront of incorporating IoT technology in the energy sector to improve energy conservation. German industrial production is vital to Europe's largest economy. Companies in high-tech industries like machinery, automotive, chemicals, pharmaceuticals, electronics, and aerospace are spearheading the adoption of advanced technologies. Siemens, Bosch, and other companies have already integrated the Internet of Things and web-based manufacturing processes in their factories. Wittenstein and Bosch, electric motor manufacturers, have implemented smart technology in their hydraulic equipment assembly lines to enhance production efficiency.
Following is the breakup of the profiles of the primary participants for the report.
Research Coverage
The report defines, describes, and forecasts the industrial IoT market based on Offering, Connectivity Technology, Deployment, Vertical, and Region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the industrial IoT market. It also analyses competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions conducted by the key players to grow in the market.
Reasons to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall industrial IoT and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Cloud-based deployment segment to register highest growth rate during the forecast period.”
The cloud-based deployment type currently has the largest market share and is expected to grow at the highest rate during the forecast period. Cloud platforms provide easy scalability to accommodate increasing data volumes and device numbers, making them an attractive option for businesses of all sizes. Cloud deployment eliminates the need for significant investments in on-premise hardware and IT infrastructure, making it a cost-effective option. Cloud service providers (CSPs) are continuously enhancing security measures to address concerns about data privacy and compliance. Cloud technology is constantly evolving, offering new features, functionalities, and enhanced capabilities for industrial IoT applications. As the industrial IoT market expands, the demand for scalable and cost-effective cloud platforms will increase.
“Wireless connectivity technology segment is expected to register highest growth rate during the forecast period.”
Wireless connectivity technology holds the larger market share and is expected to grow with the highest CAGR within the Industrial IoT space. Wireless solutions offer greater ease of deployment and scalability compared to wired connections. Adding new devices or changing layouts is simpler with wireless, making them ideal for complex industrial environments. Wireless solutions can be easier and cheaper to install than wired networks, especially in existing facilities where installing wires might be disruptive or expensive. The ease of deploying wireless sensors and devices can accelerate the implementation of IIoT projects, reducing time to value.
“Germany is expected to hold the largest market share during the forecast period.”
Germany held the largest share of the industrial IoT market in Europe in 2023 and is expected to retain its position during the forecast period due to huge government investments in R&D. In Europe, Germany leads in the implementation of IoT solutions, particularly in the manufacturing and automotive industries. It is also at the forefront of incorporating IoT technology in the energy sector to improve energy conservation. German industrial production is vital to Europe's largest economy. Companies in high-tech industries like machinery, automotive, chemicals, pharmaceuticals, electronics, and aerospace are spearheading the adoption of advanced technologies. Siemens, Bosch, and other companies have already integrated the Internet of Things and web-based manufacturing processes in their factories. Wittenstein and Bosch, electric motor manufacturers, have implemented smart technology in their hydraulic equipment assembly lines to enhance production efficiency.
Following is the breakup of the profiles of the primary participants for the report.
- By Company Type: Tier 1 – 45 %, Tier 2 – 35%, and Tier 3 – 20%
- By Designation: C-Level Executives –32%, Directors- 40%, and Others – 28%
- By Region: North America– 37%, Europe- 15%, Asia Pacific – 40%, and RoW – 8%
Research Coverage
The report defines, describes, and forecasts the industrial IoT market based on Offering, Connectivity Technology, Deployment, Vertical, and Region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the industrial IoT market. It also analyses competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions conducted by the key players to grow in the market.
Reasons to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall industrial IoT and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Global rise in internet penetration, growing adoption of cloud platforms, increasing adoption of IPv6, increased IoT-related government initiatives and R&D activities worldwide, and rise in demand for automation in industries), restraints (Incompatibility of legacy equipment with communication networks, and lack of standardization in IoT protocols), opportunities (Emergence of 5G technology, rise in demand for IoT-enabled digital transformation in businesses across verticals, and predictive maintenance of machinery), and challenges (Susceptibility of IoT technologies to cyber attacks, maintenance and updates of IIoT systems, and lack of skilled professionals) influencing the growth of the industrial IoT market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the industrial IoT market
- Market Development: Comprehensive information about lucrative markets – the report analyses the industrial IoT market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the industrial IoT market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), Huawei Technologies Co., Ltd. (China), Rockwell Automation (US), Arm Limited (UK), PTC (US), Dassault Syst?mes (France), IBM (US), Robert Bosch GmbH (Germany), NEC Corporation (Japan), Software AG (Germany), Texas Instruments Incorporated (US), KUKA AG (Germany), Dragos, Inc. (US), Google LLC (US), and Microsoft Corporation (US), among others in the industrial IoT market strategies. The report also helps stakeholders understand the pulse of the industrial IoT market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 INDUSTRIAL IOT: MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 INDUSTRIAL IOT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key participants in primary interviews
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for estimating market size by top-down analysis (supply side)
FIGURE 5 APPROACH USED TO CAPTURE MARKET SIZE FROM SUPPLY SIDE
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION: INDUSTRIAL IOT MARKET
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON INDUSTRIAL IOT MARKET
2.6 RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 9 WIRELESS CONNECTIVITY SEGMENT TO RECORD HIGHER CAGR IN INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 10 CLOUD-BASED DEPLOYMENT SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 11 MANUFACTURING INDUSTRY TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 12 ASIA PACIFIC INDUSTRIAL IOT MARKET TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL IOT MARKET
FIGURE 13 GROWING DEMAND FROM MANUFACTURING SECTOR TO DRIVE GROWTH OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
4.2 INDUSTRIAL IOT MARKET, BY OFFERING
FIGURE 14 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
4.3 INDUSTRIAL IOT MARKET IN ASIA PACIFIC, BY VERTICAL AND COUNTRY
FIGURE 15 CHINA TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC
4.4 INDUSTRIAL IOT MARKET, BY VERTICAL
FIGURE 16 MANUFACTURING SEGMENT TO DOMINATE INDUSTRIAL IOT MARKET
4.5 INDUSTRIAL IOT MARKET, BY COUNTRY
FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 INDUSTRIAL IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Global rise in internet penetration
FIGURE 19 GLOBAL INTERNET PENETRATION RATE TILL JANUARY 2024, BY REGION
5.2.1.2 Growing adoption of cloud platforms
5.2.1.3 Increasing adoption of IPv6
FIGURE 20 ADOPTION RATE OF IPV6, BY COUNTRY, 2023
5.2.1.4 Increased IoT-related government initiatives and R&D activities worldwide
5.2.1.5 Rise in demand for automation in industries
FIGURE 21 IMPACT OF DRIVERS ON INDUSTRIAL IOT MARKET
5.2.2 RESTRAINTS
5.2.2.1 Incompatibility of legacy equipment with communication networks
5.2.2.2 Lack of standardization in IoT protocols
FIGURE 22 IMPACT OF RESTRAINTS ON INDUSTRIAL IOT MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of 5G technology
5.2.3.2 Rise in demand for IoT-enabled digital transformation in businesses across verticals
5.2.3.3 Predictive maintenance of machinery
FIGURE 23 IMPACT OF OPPORTUNITIES ON INDUSTRIAL IOT MARKET
5.2.4 CHALLENGES
5.2.4.1 Susceptibility of IoT technologies to cyberattacks
5.2.4.2 Maintenance and updates of IIoT systems
5.2.4.3 Lack of skilled professionals
FIGURE 24 IMPACT OF CHALLENGES ON INDUSTRIAL IOT MARKET
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 25 TRENDS INFLUENCING INDUSTRIAL IOT BUSINESS OWNERS
5.4 PRICING ANALYSIS
TABLE 1 AVERAGE SELLING PRICE OF HARDWARE
FIGURE 26 AVERAGE SELLING PRICE TREND OF IOT NODE COMPONENTS, 2020–2029
5.5 VALUE CHAIN ANALYSIS
FIGURE 27 INDUSTRIAL IOT MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
TABLE 2 INDUSTRIAL IOT MARKET: ROLE OF PLAYERS IN ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
FIGURE 28 FUNDS ACQUIRED BY COMPANIES IN INDUSTRIAL IOT MARKET
5.8 TECHNOLOGY TRENDS
5.8.1 DIGITAL TWIN
5.8.2 CLOUD COMPUTING
5.8.3 5G
5.8.4 EDGE COMPUTING TECHNOLOGY
5.9 CASE STUDY ANALYSIS
5.9.1 BOSCH.IO HELPED HOLMER UTILIZE BOSCH IOT SUITE GAIN VALUABLE INSIGHTS INTO AGRICULTURE IOT DATA
5.9.2 PTC HELPED QUANT TRANSFORM ITS BUSINESS OF FACTORY SERVICES
5.9.3 MICROSOFT HELPED LEGRAND ACHIEVE SMART BUILDING INNOVATIONS WITH OPEN IOT
5.10 PATENT ANALYSIS
FIGURE 29 LG ELECTRONICS REGISTERED MAXIMUM PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 3 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)
FIGURE 30 NUMBER OF PATENTS GRANTED, 2013?2023
5.10.1 KEY PATENTS
TABLE 4 MAJOR PATENTS IN INDUSTRIAL IOT MARKET
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
FIGURE 31 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019–2023 (USD THOUSAND)
5.11.2 EXPORT SCENARIO
FIGURE 32 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019?2023 (USD THOUSAND)
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 TARIFF ANALYSIS
TABLE 5 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 6 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY JAPAN
TABLE 7 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY GERMANY
TABLE 8 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY CHINA
5.12.2 REGULATORY LANDSCAPE
5.12.2.1 Regulatory bodies, government agencies, and other organizations
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY CONFERENCES AND EVENTS
TABLE 13 INDUSTRIAL IOT MARKET: CONFERENCES AND EVENTS, 2024–2025
5.14 PORTER'S FIVE FORCES ANALYSIS
TABLE 14 IMPACT OF PORTER'S FIVE FORCES ON INDUSTRIAL IOT MARKET
FIGURE 33 INDUSTRIAL IOT MARKET: PORTER'S FIVE FORCES ANALYSIS
5.14.1 INTENSITY OF COMPETITIVE RIVALRY
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 THREAT OF NEW ENTRANTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
5.15.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 16 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
6 INDUSTRIAL IOT MARKET, BY DEPLOYMENT
6.1 INTRODUCTION
FIGURE 36 INDUSTRIAL IOT MARKET, BY DEPLOYMENT
FIGURE 37 CLOUD-BASED SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
TABLE 17 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2020–2023 (USD BILLION)
TABLE 18 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2024–2029 (USD BILLION)
6.2 ON-PREMISE
6.2.1 OFFERS HIGH DEGREE OF CONTROL AND CUSTOMIZATION
6.3 CLOUD-BASED
6.3.1 OFFERS SCALABILITY AND AGILITY FOR MODERN ENTERPRISES
7 INDUSTRIAL IOT MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 38 INDUSTRIAL IOT MARKET, BY OFFERING
FIGURE 39 INDUSTRIAL IOT MARKET FOR HARDWARE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
TABLE 19 INDUSTRIAL IOT MARKET, BY OFFERING, 2020–2023 (USD BILLION)
TABLE 20 INDUSTRIAL IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)
7.2 HARDWARE
TABLE 21 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (USD BILLION)
TABLE 22 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (USD BILLION)
TABLE 23 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (MILLION UNITS)
TABLE 24 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (MILLION UNITS)
7.2.1 PROCESSORS
7.2.1.1 Companies' efforts to develop low-power processing hardware for IoT devices to drive market
7.2.2 SENSORS
7.2.2.1 Software-defined sensors leading next wave of IIoT innovations to drive market
7.2.3 CONNECTIVITY IC
7.2.3.1 Increase in companies providing low-power wireless network connectivity designed for IIoT applications to drive market
7.2.4 MEMORY DEVICES
7.2.4.1 Increase in number of connected devices to drive market
7.2.5 LOGIC DEVICES
7.2.5.1 Faster experimentation and iteration during development phase to drive market
7.3 SOFTWARE
TABLE 25 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2020–2023 (USD BILLION)
TABLE 26 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2024–2029 (USD BILLION)
7.3.1 PRODUCT LIFECYCLE MANAGEMENT (PLM)
7.3.1.1 Effective development and installation of products to drive market
7.3.2 MANUFACTURING EXECUTION SYSTEMS (MES)
7.3.2.1 Reduction in operational costs and improved efficiency to drive market
7.3.3 SCADA
7.3.3.1 Maintenance and effective control of different industrial operations to drive market
7.3.4 OUTAGE MANAGEMENT SYSTEMS (OMS)
7.3.4.1 Effective management of power outages and improved response time to drive market
7.3.5 DISTRIBUTION MANAGEMENT SYSTEMS (DMS)
7.3.5.1 Effective management of electricity distribution networks to drive market
7.3.6 REMOTE PATIENT MONITORING
7.3.6.1 Reduced instances of hospitalizations, readmissions, and hospital stays to drive market
7.3.7 RETAIL MANAGEMENT SOFTWARE
7.3.7.1 Planning and redesigning of business strategies according to prevailing market scenario to drive market
7.3.8 VISUALIZATION SOFTWARE
7.3.8.1 Use in engineering, architecture, manufacturing, and other complex domains to drive market
7.3.9 TRANSIT MANAGEMENT SYSTEMS
7.3.9.1 Use for tracking, controlling, and monitoring location of in-transit goods to drive market
7.3.10 FARM MANAGEMENT SYSTEMS
7.3.10.1 Increased use for precision farming to drive market
7.4 PLATFORMS
TABLE 27 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2020–2023 (USD BILLION)
TABLE 28 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2024–2029 (USD BILLION)
7.4.1 DEVICE MANAGEMENT PLATFORM
7.4.1.1 Rise in number of connected devices to drive growth
7.4.2 APPLICATION ENABLEMENT PLATFORM
7.4.2.1 Need to drive innovation and achieve operational excellence to propel market
7.4.3 CONNECTIVITY MANAGEMENT PLATFORM
7.4.3.1 Increased requirement for common platform to manage entire network to drive growth
7.4.4 SERVICES
7.4.4.1 Increased integration of third-party service providers across verticals to drive market
8 INDUSTRIAL IOT MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 40 INDUSTRIAL IOT MARKET, BY VERTICAL
FIGURE 41 INDUSTRIAL IOT MARKET FOR MANUFACTURING TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
TABLE 29 INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 30 INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
8.2 MANUFACTURING
TABLE 31 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD BILLION)
TABLE 32 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD BILLION)
8.3 ENERGY
8.3.1 REMOTE MONITORING OF PLANTS TO DRIVE GROWTH
TABLE 33 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2020–2023 (USD BILLION)
TABLE 34 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2024–2029 (USD BILLION)
8.3.2 SMART GRIDS
8.4 OIL & GAS
8.4.1 INCREASING OPERATIONAL EFFICIENCY TO DRIVE GROWTH
TABLE 35 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD BILLION)
TABLE 36 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD BILLION)
8.5 METALS & MINING
8.5.1 INCREASING WORKPLACE SAFETY TO DRIVE GROWTH
TABLE 37 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2020–2023 (USD BILLION)
TABLE 38 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2024–2029 (USD BILLION)
8.6 HEALTHCARE
8.6.1 REMOTE PATIENT MONITORING TO DRIVE GROWTH
TABLE 39 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2020–2023 (USD MILLION)
TABLE 40 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2024–2029 (USD MILLION)
8.7 RETAIL
8.7.1 CHANGING CUSTOMER REQUIREMENTS TO DRIVE DEMAND
8.7.2 POINT-OF-SALES (POS)
8.7.3 INTERACTIVE KIOSKS
8.7.4 SELF-CHECKOUT SYSTEMS
TABLE 41 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2020–2023 (USD BILLION)
TABLE 42 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2024–2029 (USD BILLION)
8.8 TRANSPORTATION
8.8.1 INCREASING DEMAND FOR SMART SURVEILLANCE, INTELLIGENT SIGNALING SYSTEMS, AND REAL-TIME TRAFFIC ANALYTICS TO DRIVE GROWTH
8.8.2 INTELLIGENT SIGNALING SYSTEMS
8.8.3 VIDEO ANALYTICS
8.8.4 INCIDENT DETECTION SYSTEMS
8.8.5 ROUTE SCHEDULING GUIDANCE SYSTEMS
TABLE 43 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)
8.9 AGRICULTURE
8.9.1 GROWING ADOPTION OF PRECISION FARMING TO DRIVE MARKET
8.9.2 PRECISION FARMING
8.9.3 LIVESTOCK MONITORING
8.9.4 SMART GREENHOUSES
8.9.5 FISH FARMING
TABLE 45 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2020–2023 (USD MILLION)
TABLE 46 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2024–2029 (USD MILLION)
9 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
9.1 INTRODUCTION
FIGURE 42 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
FIGURE 43 WIRELESS CONNECTIVITY TECHNOLOGY TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
TABLE 47 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (USD BILLION)
TABLE 48 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (USD BILLION)
9.2 WIRED
9.2.1 ETHERNET
9.2.1.1 Increasing adoption of industrial ethernet to drive market
9.2.1.2 Modbus
9.2.1.3 PROFINET
9.2.1.4 CC-Link
9.2.2 FOUNDATION FIELDBUS
9.2.2.1 Enhanced communication and integration to drive market
9.3 WIRELESS TECHNOLOGIES
9.3.1 WI-FI
9.3.1.1 Growing consumption of high-bandwidth content and services to drive market
9.3.2 BLUETOOTH
9.3.2.1 Used for exchanging data on smartphones, laptops, and tablets
9.3.3 CELLULAR TECHNOLOGIES
9.3.3.1 Low energy consumption to drive market
9.3.3.2 4G/LTE
9.3.3.3 5G
9.3.4 SATELLITE TECHNOLOGIES
9.3.4.1 Cost-effective maritime communication to drive market
10 INDUSTRIAL IOT MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 44 INDUSTRIAL IOT MARKET, BY REGION
FIGURE 45 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 49 INDUSTRIAL IOT MARKET, BY REGION, 2020–2023 (USD BILLION)
TABLE 50 INDUSTRIAL IOT MARKET, BY REGION, 2024–2029 (USD BILLION)
10.2 NORTH AMERICA
FIGURE 46 NORTH AMERICA: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 51 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 52 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 53 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 54 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.2.1 RECESSION IMPACT
FIGURE 47 ANALYSIS OF INDUSTRIAL IOT MARKET IN NORTH AMERICA: PRE- AND POST-RECESSION SCENARIOS
10.2.2 US
10.2.2.1 Presence of major IoT solution providers and significant government support to drive market
10.2.3 CANADA
10.2.3.1 Increasing investments in development and adoption of IoT technologies to drive market
10.2.4 MEXICO
10.2.4.1 Rising preference for new technologies in manufacturing sector to drive market
10.3 EUROPE
FIGURE 48 EUROPE: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 55 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 56 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 57 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 58 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.3.1 RECESSION IMPACT
FIGURE 49 ANALYSIS OF INDUSTRIAL IOT MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS
10.3.2 UK
10.3.2.1 Increasing adoption of IoT solutions in energy vertical to drive market
10.3.3 GERMANY
10.3.3.1 Surge in deployment of IoT technology in automotive sector to drive market
10.3.4 FRANCE
10.3.4.1 Growing adoption of smart manufacturing to drive market
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 50 ASIA PACIFIC: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 59 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 60 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 61 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 62 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.4.1 RECESSION IMPACT
FIGURE 51 ANALYSIS OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS
10.4.2 CHINA
10.4.2.1 Government's robust financial and strategic involvement in R&D to drive market
10.4.3 JAPAN
10.4.3.1 Increased productivity and optimization to drive market
10.4.4 INDIA
10.4.4.1 Large-scale industrial development to drive market
10.4.5 SOUTH KOREA
10.4.5.1 Growing R&D in IoT technologies to drive market
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
TABLE 63 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 64 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 65 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 66 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.5.1 RECESSION IMPACT
FIGURE 52 ANALYSIS OF INDUSTRIAL IOT MARKET IN ROW: PRE- AND POST-RECESSION SCENARIOS
10.5.2 SOUTH AMERICA
10.5.2.1 Increasing focus on connectivity and networking technologies to drive market
10.5.3 GCC COUNTRIES
10.5.3.1 Rising collaborations between GCC and semiconductor companies to drive market
10.5.4 AFRICA & REST OF MIDDLE EAST
10.5.4.1 Rising demand for industrial IoT solutions from oil & gas vertical to drive market
11 COMPETITIVE LANDSCAPE
11.1 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 67 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL IOT MARKET
11.2 REVENUE ANALYSIS OF TOP FIVE PLAYERS
FIGURE 53 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2021–2023
11.3 MARKET SHARE ANALYSIS
TABLE 68 INDUSTRIAL IOT MARKET: DEGREE OF COMPETITION
TABLE 69 INDUSTRIAL IOT MARKET: RANKING ANALYSIS
FIGURE 54 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
11.4 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 55 VALUATION AND FINANCIAL MATRIX OF KEY PLAYERS IN INDUSTRIAL IOT MARKET
FIGURE 56 ENTERPRISE VALUE/EBITDA OF KEY PLAYERS
11.5 BRAND/PRODUCT COMPARISON
11.5.1 INDUSTRIAL IOT MARKET: TOP TRENDING BRANDS/PRODUCTS
11.6 COMPANY EVALUATION MATRIX
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
FIGURE 57 INDUSTRIAL IOT MARKET: COMPANY EVALUATION MATRIX, 2023
11.6.5 COMPANY FOOTPRINT
11.6.5.1 Offering footprint
TABLE 70 INDUSTRIAL IOT MARKET: OFFERING FOOTPRINT
11.6.5.2 Connectivity technology footprint
TABLE 71 INDUSTRIAL IOT MARKET: COMPANY CONNECTIVITY TECHNOLOGY FOOTPRINT
11.6.5.3 Deployment footprint
TABLE 72 INDUSTRIAL IOT MARKET: COMPANY DEPLOYMENT FOOTPRINT
11.6.5.4 Vertical footprint
TABLE 73 INDUSTRIAL IOT MARKET: VERTICAL FOOTPRINT
11.6.5.5 Region footprint
TABLE 74 INDUSTRIAL IOT MARKET: REGION FOOTPRINT
11.6.5.6 Overall footprint
FIGURE 58 INDUSTRIAL IOT MARKET: OVERALL FOOTPRINT
11.7 STARTUP/SME EVALUATION MATRIX
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
FIGURE 59 INDUSTRIAL IOT MARKET: STARTUP/SME EVALUATION MATRIX, 2023
11.7.5 COMPETITIVE BENCHMARKING
TABLE 75 INDUSTRIAL IOT MARKET: KEY STARTUPS/SMES
TABLE 76 INDUSTRIAL IOT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 77 INDUSTRIAL IOT MARKET: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
11.8.2 DEALS
TABLE 78 INDUSTRIAL IOT MARKET: DEALS, JULY 2022–MARCH 2024
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 HUAWEI TECHNOLOGIES CO., LTD.
TABLE 79 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
FIGURE 60 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 80 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 81 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 82 HUAWEI TECHNOLOGIES CO., LTD.: DEALS, JULY 2022–MARCH 2024
12.2.2 CISCO SYSTEMS, INC.
TABLE 83 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 61 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 84 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 85 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 86 CISCO SYSTEMS, INC.: DEALS, JULY 2022–MARCH 2024
TABLE 87 CISCO SYSTEMS, INC.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.3 ABB
TABLE 88 ABB: COMPANY OVERVIEW
FIGURE 62 ABB: COMPANY SNAPSHOT
TABLE 89 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 90 ABB: DEALS, JULY 2022–MARCH 2024
12.2.4 SIEMENS
TABLE 91 SIEMENS: COMPANY OVERVIEW
FIGURE 63 SIEMENS: COMPANY SNAPSHOT
TABLE 92 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 93 SIEMENS: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 94 SIEMENS: DEALS, JULY 2022–MARCH 2024
TABLE 95 SIEMENS: EXPANSIONS, JULY 2022–MARCH 2024
12.2.5 INTEL CORPORATION
TABLE 96 INTEL CORPORATION: COMPANY OVERVIEW
FIGURE 64 INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 97 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 98 INTEL CORPORATION: EXPANSIONS, JULY 2022–MARCH 2024
12.2.6 GENERAL ELECTRIC
TABLE 99 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 65 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 100 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 101 GENERAL ELECTRIC: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 102 GENERAL ELECTRIC: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.7 EMERSON ELECTRIC CO.
TABLE 103 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
FIGURE 66 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 104 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 105 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 106 EMERSON ELECTRIC CO.: DEALS, JULY 2022–MARCH 2024
TABLE 107 EMERSON ELECTRIC CO.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.8 SAP SE
TABLE 108 SAP SE: COMPANY OVERVIEW
FIGURE 67 SAP SE: COMPANY SNAPSHOT
TABLE 109 SAP SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2.9 HONEYWELL INTERNATIONAL INC.
TABLE 110 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 68 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 111 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 HONEYWELL INTERNATIONAL INC.: DEALS, JULY 2022–MARCH 2024
12.2.10 ROCKWELL AUTOMATION
TABLE 113 ROCKWELL AUTOMATION: COMPANY OVERVIEW
FIGURE 69 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 114 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 ROCKWELL AUTOMATION: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 116 ROCKWELL AUTOMATION: DEALS, JULY 2022–MARCH 2024
TABLE 117 ROCKWELL AUTOMATION: EXPANSIONS, JULY 2022–MARCH 2024
12.3 OTHER PLAYERS
12.3.1 ARM LIMITED
TABLE 118 ARM LIMITED: COMPANY OVERVIEW
12.3.2 PTC
TABLE 119 PTC: COMPANY OVERVIEW
12.3.3 DASSAULT SYSTEMES
TABLE 120 DASSAULT SYSTEMES: COMPANY OVERVIEW
12.3.4 IBM
TABLE 121 IBM: COMPANY OVERVIEW
12.3.5 ROBERT BOSCH GMBH
TABLE 122 ROBERT BOSCH GMBH: COMPANY OVERVIEW
12.3.6 NEC CORPORATION
TABLE 123 NEC CORPORATION: COMPANY OVERVIEW
12.3.7 ANSYS, INC
TABLE 124 ANSYS, INC: COMPANY OVERVIEW
12.3.8 WORLDSENSING
TABLE 125 WORLDSENSING: COMPANY OVERVIEW
12.3.9 ARUNDO
TABLE 126 ARUNDO: COMPANY OVERVIEW
12.3.10 SOFTWARE AG
TABLE 127 SOFTWARE AG: COMPANY OVERVIEW
12.3.11 TEXAS INSTRUMENTS INCORPORATED
TABLE 128 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
12.3.12 KUKA AG
TABLE 129 KUKA AG: COMPANY OVERVIEW
12.3.13 DRAGOS, INC.
TABLE 130 DRAGOS, INC.: COMPANY OVERVIEW
12.3.14 GOOGLE LLC
TABLE 131 GOOGLE LLC: COMPANY OVERVIEW
12.3.15 MICROSOFT CORPORATION
TABLE 132 MICROSOFT CORPORATION: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 INDUSTRIAL IOT: MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 INDUSTRIAL IOT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key participants in primary interviews
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for estimating market size by top-down analysis (supply side)
FIGURE 5 APPROACH USED TO CAPTURE MARKET SIZE FROM SUPPLY SIDE
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION: INDUSTRIAL IOT MARKET
2.4 RESEARCH ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON INDUSTRIAL IOT MARKET
2.6 RISK ASSESSMENT
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 9 WIRELESS CONNECTIVITY SEGMENT TO RECORD HIGHER CAGR IN INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 10 CLOUD-BASED DEPLOYMENT SEGMENT TO HOLD LARGER SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 11 MANUFACTURING INDUSTRY TO DOMINATE INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
FIGURE 12 ASIA PACIFIC INDUSTRIAL IOT MARKET TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL IOT MARKET
FIGURE 13 GROWING DEMAND FROM MANUFACTURING SECTOR TO DRIVE GROWTH OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
4.2 INDUSTRIAL IOT MARKET, BY OFFERING
FIGURE 14 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET DURING FORECAST PERIOD
4.3 INDUSTRIAL IOT MARKET IN ASIA PACIFIC, BY VERTICAL AND COUNTRY
FIGURE 15 CHINA TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC
4.4 INDUSTRIAL IOT MARKET, BY VERTICAL
FIGURE 16 MANUFACTURING SEGMENT TO DOMINATE INDUSTRIAL IOT MARKET
4.5 INDUSTRIAL IOT MARKET, BY COUNTRY
FIGURE 17 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 INDUSTRIAL IOT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Global rise in internet penetration
FIGURE 19 GLOBAL INTERNET PENETRATION RATE TILL JANUARY 2024, BY REGION
5.2.1.2 Growing adoption of cloud platforms
5.2.1.3 Increasing adoption of IPv6
FIGURE 20 ADOPTION RATE OF IPV6, BY COUNTRY, 2023
5.2.1.4 Increased IoT-related government initiatives and R&D activities worldwide
5.2.1.5 Rise in demand for automation in industries
FIGURE 21 IMPACT OF DRIVERS ON INDUSTRIAL IOT MARKET
5.2.2 RESTRAINTS
5.2.2.1 Incompatibility of legacy equipment with communication networks
5.2.2.2 Lack of standardization in IoT protocols
FIGURE 22 IMPACT OF RESTRAINTS ON INDUSTRIAL IOT MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of 5G technology
5.2.3.2 Rise in demand for IoT-enabled digital transformation in businesses across verticals
5.2.3.3 Predictive maintenance of machinery
FIGURE 23 IMPACT OF OPPORTUNITIES ON INDUSTRIAL IOT MARKET
5.2.4 CHALLENGES
5.2.4.1 Susceptibility of IoT technologies to cyberattacks
5.2.4.2 Maintenance and updates of IIoT systems
5.2.4.3 Lack of skilled professionals
FIGURE 24 IMPACT OF CHALLENGES ON INDUSTRIAL IOT MARKET
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 25 TRENDS INFLUENCING INDUSTRIAL IOT BUSINESS OWNERS
5.4 PRICING ANALYSIS
TABLE 1 AVERAGE SELLING PRICE OF HARDWARE
FIGURE 26 AVERAGE SELLING PRICE TREND OF IOT NODE COMPONENTS, 2020–2029
5.5 VALUE CHAIN ANALYSIS
FIGURE 27 INDUSTRIAL IOT MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
TABLE 2 INDUSTRIAL IOT MARKET: ROLE OF PLAYERS IN ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
FIGURE 28 FUNDS ACQUIRED BY COMPANIES IN INDUSTRIAL IOT MARKET
5.8 TECHNOLOGY TRENDS
5.8.1 DIGITAL TWIN
5.8.2 CLOUD COMPUTING
5.8.3 5G
5.8.4 EDGE COMPUTING TECHNOLOGY
5.9 CASE STUDY ANALYSIS
5.9.1 BOSCH.IO HELPED HOLMER UTILIZE BOSCH IOT SUITE GAIN VALUABLE INSIGHTS INTO AGRICULTURE IOT DATA
5.9.2 PTC HELPED QUANT TRANSFORM ITS BUSINESS OF FACTORY SERVICES
5.9.3 MICROSOFT HELPED LEGRAND ACHIEVE SMART BUILDING INNOVATIONS WITH OPEN IOT
5.10 PATENT ANALYSIS
FIGURE 29 LG ELECTRONICS REGISTERED MAXIMUM PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 3 TOP 20 PATENT OWNERS IN LAST 10 YEARS (US)
FIGURE 30 NUMBER OF PATENTS GRANTED, 2013?2023
5.10.1 KEY PATENTS
TABLE 4 MAJOR PATENTS IN INDUSTRIAL IOT MARKET
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO
FIGURE 31 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019–2023 (USD THOUSAND)
5.11.2 EXPORT SCENARIO
FIGURE 32 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 903190, BY COUNTRY, 2019?2023 (USD THOUSAND)
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 TARIFF ANALYSIS
TABLE 5 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 6 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY JAPAN
TABLE 7 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY GERMANY
TABLE 8 MFN TARIFFS FOR HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY CHINA
5.12.2 REGULATORY LANDSCAPE
5.12.2.1 Regulatory bodies, government agencies, and other organizations
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY CONFERENCES AND EVENTS
TABLE 13 INDUSTRIAL IOT MARKET: CONFERENCES AND EVENTS, 2024–2025
5.14 PORTER'S FIVE FORCES ANALYSIS
TABLE 14 IMPACT OF PORTER'S FIVE FORCES ON INDUSTRIAL IOT MARKET
FIGURE 33 INDUSTRIAL IOT MARKET: PORTER'S FIVE FORCES ANALYSIS
5.14.1 INTENSITY OF COMPETITIVE RIVALRY
5.14.2 BARGAINING POWER OF SUPPLIERS
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 THREAT OF SUBSTITUTES
5.14.5 THREAT OF NEW ENTRANTS
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
5.15.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 16 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
6 INDUSTRIAL IOT MARKET, BY DEPLOYMENT
6.1 INTRODUCTION
FIGURE 36 INDUSTRIAL IOT MARKET, BY DEPLOYMENT
FIGURE 37 CLOUD-BASED SEGMENT TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
TABLE 17 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2020–2023 (USD BILLION)
TABLE 18 INDUSTRIAL IOT MARKET, BY DEPLOYMENT, 2024–2029 (USD BILLION)
6.2 ON-PREMISE
6.2.1 OFFERS HIGH DEGREE OF CONTROL AND CUSTOMIZATION
6.3 CLOUD-BASED
6.3.1 OFFERS SCALABILITY AND AGILITY FOR MODERN ENTERPRISES
7 INDUSTRIAL IOT MARKET, BY OFFERING
7.1 INTRODUCTION
FIGURE 38 INDUSTRIAL IOT MARKET, BY OFFERING
FIGURE 39 INDUSTRIAL IOT MARKET FOR HARDWARE TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
TABLE 19 INDUSTRIAL IOT MARKET, BY OFFERING, 2020–2023 (USD BILLION)
TABLE 20 INDUSTRIAL IOT MARKET, BY OFFERING, 2024–2029 (USD BILLION)
7.2 HARDWARE
TABLE 21 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (USD BILLION)
TABLE 22 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (USD BILLION)
TABLE 23 INDUSTRIAL IOT MARKET, BY HARDWARE, 2020–2023 (MILLION UNITS)
TABLE 24 INDUSTRIAL IOT MARKET, BY HARDWARE, 2024–2029 (MILLION UNITS)
7.2.1 PROCESSORS
7.2.1.1 Companies' efforts to develop low-power processing hardware for IoT devices to drive market
7.2.2 SENSORS
7.2.2.1 Software-defined sensors leading next wave of IIoT innovations to drive market
7.2.3 CONNECTIVITY IC
7.2.3.1 Increase in companies providing low-power wireless network connectivity designed for IIoT applications to drive market
7.2.4 MEMORY DEVICES
7.2.4.1 Increase in number of connected devices to drive market
7.2.5 LOGIC DEVICES
7.2.5.1 Faster experimentation and iteration during development phase to drive market
7.3 SOFTWARE
TABLE 25 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2020–2023 (USD BILLION)
TABLE 26 INDUSTRIAL IOT MARKET, BY SOFTWARE, 2024–2029 (USD BILLION)
7.3.1 PRODUCT LIFECYCLE MANAGEMENT (PLM)
7.3.1.1 Effective development and installation of products to drive market
7.3.2 MANUFACTURING EXECUTION SYSTEMS (MES)
7.3.2.1 Reduction in operational costs and improved efficiency to drive market
7.3.3 SCADA
7.3.3.1 Maintenance and effective control of different industrial operations to drive market
7.3.4 OUTAGE MANAGEMENT SYSTEMS (OMS)
7.3.4.1 Effective management of power outages and improved response time to drive market
7.3.5 DISTRIBUTION MANAGEMENT SYSTEMS (DMS)
7.3.5.1 Effective management of electricity distribution networks to drive market
7.3.6 REMOTE PATIENT MONITORING
7.3.6.1 Reduced instances of hospitalizations, readmissions, and hospital stays to drive market
7.3.7 RETAIL MANAGEMENT SOFTWARE
7.3.7.1 Planning and redesigning of business strategies according to prevailing market scenario to drive market
7.3.8 VISUALIZATION SOFTWARE
7.3.8.1 Use in engineering, architecture, manufacturing, and other complex domains to drive market
7.3.9 TRANSIT MANAGEMENT SYSTEMS
7.3.9.1 Use for tracking, controlling, and monitoring location of in-transit goods to drive market
7.3.10 FARM MANAGEMENT SYSTEMS
7.3.10.1 Increased use for precision farming to drive market
7.4 PLATFORMS
TABLE 27 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2020–2023 (USD BILLION)
TABLE 28 INDUSTRIAL IOT MARKET, BY PLATFORMS, 2024–2029 (USD BILLION)
7.4.1 DEVICE MANAGEMENT PLATFORM
7.4.1.1 Rise in number of connected devices to drive growth
7.4.2 APPLICATION ENABLEMENT PLATFORM
7.4.2.1 Need to drive innovation and achieve operational excellence to propel market
7.4.3 CONNECTIVITY MANAGEMENT PLATFORM
7.4.3.1 Increased requirement for common platform to manage entire network to drive growth
7.4.4 SERVICES
7.4.4.1 Increased integration of third-party service providers across verticals to drive market
8 INDUSTRIAL IOT MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 40 INDUSTRIAL IOT MARKET, BY VERTICAL
FIGURE 41 INDUSTRIAL IOT MARKET FOR MANUFACTURING TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
TABLE 29 INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 30 INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
8.2 MANUFACTURING
TABLE 31 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD BILLION)
TABLE 32 INDUSTRIAL IOT MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD BILLION)
8.3 ENERGY
8.3.1 REMOTE MONITORING OF PLANTS TO DRIVE GROWTH
TABLE 33 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2020–2023 (USD BILLION)
TABLE 34 INDUSTRIAL IOT MARKET FOR ENERGY, BY REGION, 2024–2029 (USD BILLION)
8.3.2 SMART GRIDS
8.4 OIL & GAS
8.4.1 INCREASING OPERATIONAL EFFICIENCY TO DRIVE GROWTH
TABLE 35 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD BILLION)
TABLE 36 INDUSTRIAL IOT MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD BILLION)
8.5 METALS & MINING
8.5.1 INCREASING WORKPLACE SAFETY TO DRIVE GROWTH
TABLE 37 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2020–2023 (USD BILLION)
TABLE 38 INDUSTRIAL IOT MARKET FOR METALS & MINING, BY REGION, 2024–2029 (USD BILLION)
8.6 HEALTHCARE
8.6.1 REMOTE PATIENT MONITORING TO DRIVE GROWTH
TABLE 39 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2020–2023 (USD MILLION)
TABLE 40 INDUSTRIAL IOT MARKET FOR HEALTHCARE, BY REGION, 2024–2029 (USD MILLION)
8.7 RETAIL
8.7.1 CHANGING CUSTOMER REQUIREMENTS TO DRIVE DEMAND
8.7.2 POINT-OF-SALES (POS)
8.7.3 INTERACTIVE KIOSKS
8.7.4 SELF-CHECKOUT SYSTEMS
TABLE 41 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2020–2023 (USD BILLION)
TABLE 42 INDUSTRIAL IOT MARKET FOR RETAIL, BY REGION, 2024–2029 (USD BILLION)
8.8 TRANSPORTATION
8.8.1 INCREASING DEMAND FOR SMART SURVEILLANCE, INTELLIGENT SIGNALING SYSTEMS, AND REAL-TIME TRAFFIC ANALYTICS TO DRIVE GROWTH
8.8.2 INTELLIGENT SIGNALING SYSTEMS
8.8.3 VIDEO ANALYTICS
8.8.4 INCIDENT DETECTION SYSTEMS
8.8.5 ROUTE SCHEDULING GUIDANCE SYSTEMS
TABLE 43 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)
TABLE 44 INDUSTRIAL IOT MARKET FOR TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)
8.9 AGRICULTURE
8.9.1 GROWING ADOPTION OF PRECISION FARMING TO DRIVE MARKET
8.9.2 PRECISION FARMING
8.9.3 LIVESTOCK MONITORING
8.9.4 SMART GREENHOUSES
8.9.5 FISH FARMING
TABLE 45 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2020–2023 (USD MILLION)
TABLE 46 INDUSTRIAL IOT MARKET FOR AGRICULTURE, BY REGION, 2024–2029 (USD MILLION)
9 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
9.1 INTRODUCTION
FIGURE 42 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY
FIGURE 43 WIRELESS CONNECTIVITY TECHNOLOGY TO ACCOUNT FOR LARGER SHARE DURING FORECAST PERIOD
TABLE 47 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (USD BILLION)
TABLE 48 INDUSTRIAL IOT MARKET, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (USD BILLION)
9.2 WIRED
9.2.1 ETHERNET
9.2.1.1 Increasing adoption of industrial ethernet to drive market
9.2.1.2 Modbus
9.2.1.3 PROFINET
9.2.1.4 CC-Link
9.2.2 FOUNDATION FIELDBUS
9.2.2.1 Enhanced communication and integration to drive market
9.3 WIRELESS TECHNOLOGIES
9.3.1 WI-FI
9.3.1.1 Growing consumption of high-bandwidth content and services to drive market
9.3.2 BLUETOOTH
9.3.2.1 Used for exchanging data on smartphones, laptops, and tablets
9.3.3 CELLULAR TECHNOLOGIES
9.3.3.1 Low energy consumption to drive market
9.3.3.2 4G/LTE
9.3.3.3 5G
9.3.4 SATELLITE TECHNOLOGIES
9.3.4.1 Cost-effective maritime communication to drive market
10 INDUSTRIAL IOT MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 44 INDUSTRIAL IOT MARKET, BY REGION
FIGURE 45 ASIA PACIFIC MARKET TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 49 INDUSTRIAL IOT MARKET, BY REGION, 2020–2023 (USD BILLION)
TABLE 50 INDUSTRIAL IOT MARKET, BY REGION, 2024–2029 (USD BILLION)
10.2 NORTH AMERICA
FIGURE 46 NORTH AMERICA: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 51 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 52 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 53 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 54 NORTH AMERICA: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.2.1 RECESSION IMPACT
FIGURE 47 ANALYSIS OF INDUSTRIAL IOT MARKET IN NORTH AMERICA: PRE- AND POST-RECESSION SCENARIOS
10.2.2 US
10.2.2.1 Presence of major IoT solution providers and significant government support to drive market
10.2.3 CANADA
10.2.3.1 Increasing investments in development and adoption of IoT technologies to drive market
10.2.4 MEXICO
10.2.4.1 Rising preference for new technologies in manufacturing sector to drive market
10.3 EUROPE
FIGURE 48 EUROPE: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 55 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 56 EUROPE: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 57 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 58 EUROPE: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.3.1 RECESSION IMPACT
FIGURE 49 ANALYSIS OF INDUSTRIAL IOT MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS
10.3.2 UK
10.3.2.1 Increasing adoption of IoT solutions in energy vertical to drive market
10.3.3 GERMANY
10.3.3.1 Surge in deployment of IoT technology in automotive sector to drive market
10.3.4 FRANCE
10.3.4.1 Growing adoption of smart manufacturing to drive market
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 50 ASIA PACIFIC: INDUSTRIAL IOT MARKET SNAPSHOT
TABLE 59 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD BILLION)
TABLE 60 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD BILLION)
TABLE 61 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 62 ASIA PACIFIC: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.4.1 RECESSION IMPACT
FIGURE 51 ANALYSIS OF INDUSTRIAL IOT MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS
10.4.2 CHINA
10.4.2.1 Government's robust financial and strategic involvement in R&D to drive market
10.4.3 JAPAN
10.4.3.1 Increased productivity and optimization to drive market
10.4.4 INDIA
10.4.4.1 Large-scale industrial development to drive market
10.4.5 SOUTH KOREA
10.4.5.1 Growing R&D in IoT technologies to drive market
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
TABLE 63 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
TABLE 64 ROW: INDUSTRIAL IOT MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 65 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
TABLE 66 ROW: INDUSTRIAL IOT MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
10.5.1 RECESSION IMPACT
FIGURE 52 ANALYSIS OF INDUSTRIAL IOT MARKET IN ROW: PRE- AND POST-RECESSION SCENARIOS
10.5.2 SOUTH AMERICA
10.5.2.1 Increasing focus on connectivity and networking technologies to drive market
10.5.3 GCC COUNTRIES
10.5.3.1 Rising collaborations between GCC and semiconductor companies to drive market
10.5.4 AFRICA & REST OF MIDDLE EAST
10.5.4.1 Rising demand for industrial IoT solutions from oil & gas vertical to drive market
11 COMPETITIVE LANDSCAPE
11.1 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 67 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL IOT MARKET
11.2 REVENUE ANALYSIS OF TOP FIVE PLAYERS
FIGURE 53 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2021–2023
11.3 MARKET SHARE ANALYSIS
TABLE 68 INDUSTRIAL IOT MARKET: DEGREE OF COMPETITION
TABLE 69 INDUSTRIAL IOT MARKET: RANKING ANALYSIS
FIGURE 54 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
11.4 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 55 VALUATION AND FINANCIAL MATRIX OF KEY PLAYERS IN INDUSTRIAL IOT MARKET
FIGURE 56 ENTERPRISE VALUE/EBITDA OF KEY PLAYERS
11.5 BRAND/PRODUCT COMPARISON
11.5.1 INDUSTRIAL IOT MARKET: TOP TRENDING BRANDS/PRODUCTS
11.6 COMPANY EVALUATION MATRIX
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
FIGURE 57 INDUSTRIAL IOT MARKET: COMPANY EVALUATION MATRIX, 2023
11.6.5 COMPANY FOOTPRINT
11.6.5.1 Offering footprint
TABLE 70 INDUSTRIAL IOT MARKET: OFFERING FOOTPRINT
11.6.5.2 Connectivity technology footprint
TABLE 71 INDUSTRIAL IOT MARKET: COMPANY CONNECTIVITY TECHNOLOGY FOOTPRINT
11.6.5.3 Deployment footprint
TABLE 72 INDUSTRIAL IOT MARKET: COMPANY DEPLOYMENT FOOTPRINT
11.6.5.4 Vertical footprint
TABLE 73 INDUSTRIAL IOT MARKET: VERTICAL FOOTPRINT
11.6.5.5 Region footprint
TABLE 74 INDUSTRIAL IOT MARKET: REGION FOOTPRINT
11.6.5.6 Overall footprint
FIGURE 58 INDUSTRIAL IOT MARKET: OVERALL FOOTPRINT
11.7 STARTUP/SME EVALUATION MATRIX
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
FIGURE 59 INDUSTRIAL IOT MARKET: STARTUP/SME EVALUATION MATRIX, 2023
11.7.5 COMPETITIVE BENCHMARKING
TABLE 75 INDUSTRIAL IOT MARKET: KEY STARTUPS/SMES
TABLE 76 INDUSTRIAL IOT MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 77 INDUSTRIAL IOT MARKET: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
11.8.2 DEALS
TABLE 78 INDUSTRIAL IOT MARKET: DEALS, JULY 2022–MARCH 2024
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION
12.2 KEY PLAYERS
12.2.1 HUAWEI TECHNOLOGIES CO., LTD.
TABLE 79 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
FIGURE 60 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 80 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 81 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 82 HUAWEI TECHNOLOGIES CO., LTD.: DEALS, JULY 2022–MARCH 2024
12.2.2 CISCO SYSTEMS, INC.
TABLE 83 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 61 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 84 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 85 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 86 CISCO SYSTEMS, INC.: DEALS, JULY 2022–MARCH 2024
TABLE 87 CISCO SYSTEMS, INC.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.3 ABB
TABLE 88 ABB: COMPANY OVERVIEW
FIGURE 62 ABB: COMPANY SNAPSHOT
TABLE 89 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 90 ABB: DEALS, JULY 2022–MARCH 2024
12.2.4 SIEMENS
TABLE 91 SIEMENS: COMPANY OVERVIEW
FIGURE 63 SIEMENS: COMPANY SNAPSHOT
TABLE 92 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 93 SIEMENS: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 94 SIEMENS: DEALS, JULY 2022–MARCH 2024
TABLE 95 SIEMENS: EXPANSIONS, JULY 2022–MARCH 2024
12.2.5 INTEL CORPORATION
TABLE 96 INTEL CORPORATION: COMPANY OVERVIEW
FIGURE 64 INTEL CORPORATION: COMPANY SNAPSHOT
TABLE 97 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 98 INTEL CORPORATION: EXPANSIONS, JULY 2022–MARCH 2024
12.2.6 GENERAL ELECTRIC
TABLE 99 GENERAL ELECTRIC: COMPANY OVERVIEW
FIGURE 65 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 100 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 101 GENERAL ELECTRIC: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 102 GENERAL ELECTRIC: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.7 EMERSON ELECTRIC CO.
TABLE 103 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
FIGURE 66 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 104 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 105 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 106 EMERSON ELECTRIC CO.: DEALS, JULY 2022–MARCH 2024
TABLE 107 EMERSON ELECTRIC CO.: OTHER DEVELOPMENTS, JULY 2022–MARCH 2024
12.2.8 SAP SE
TABLE 108 SAP SE: COMPANY OVERVIEW
FIGURE 67 SAP SE: COMPANY SNAPSHOT
TABLE 109 SAP SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2.9 HONEYWELL INTERNATIONAL INC.
TABLE 110 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 68 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 111 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 HONEYWELL INTERNATIONAL INC.: DEALS, JULY 2022–MARCH 2024
12.2.10 ROCKWELL AUTOMATION
TABLE 113 ROCKWELL AUTOMATION: COMPANY OVERVIEW
FIGURE 69 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
TABLE 114 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 ROCKWELL AUTOMATION: PRODUCT LAUNCHES, JULY 2022–MARCH 2024
TABLE 116 ROCKWELL AUTOMATION: DEALS, JULY 2022–MARCH 2024
TABLE 117 ROCKWELL AUTOMATION: EXPANSIONS, JULY 2022–MARCH 2024
12.3 OTHER PLAYERS
12.3.1 ARM LIMITED
TABLE 118 ARM LIMITED: COMPANY OVERVIEW
12.3.2 PTC
TABLE 119 PTC: COMPANY OVERVIEW
12.3.3 DASSAULT SYSTEMES
TABLE 120 DASSAULT SYSTEMES: COMPANY OVERVIEW
12.3.4 IBM
TABLE 121 IBM: COMPANY OVERVIEW
12.3.5 ROBERT BOSCH GMBH
TABLE 122 ROBERT BOSCH GMBH: COMPANY OVERVIEW
12.3.6 NEC CORPORATION
TABLE 123 NEC CORPORATION: COMPANY OVERVIEW
12.3.7 ANSYS, INC
TABLE 124 ANSYS, INC: COMPANY OVERVIEW
12.3.8 WORLDSENSING
TABLE 125 WORLDSENSING: COMPANY OVERVIEW
12.3.9 ARUNDO
TABLE 126 ARUNDO: COMPANY OVERVIEW
12.3.10 SOFTWARE AG
TABLE 127 SOFTWARE AG: COMPANY OVERVIEW
12.3.11 TEXAS INSTRUMENTS INCORPORATED
TABLE 128 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
12.3.12 KUKA AG
TABLE 129 KUKA AG: COMPANY OVERVIEW
12.3.13 DRAGOS, INC.
TABLE 130 DRAGOS, INC.: COMPANY OVERVIEW
12.3.14 GOOGLE LLC
TABLE 131 GOOGLE LLC: COMPANY OVERVIEW
12.3.15 MICROSOFT CORPORATION
TABLE 132 MICROSOFT CORPORATION: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
