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Industrial Internet of Things Market Size, Share & Trends Analysis Report By Component (Hardware, Solution), By End Use (Aviation, Metal & Mining), By Software, By Connectivity Technology, By Device & Technology, By Region, And Segment Forecasts, 2024 - 2030

July 2024 | 150 pages | ID: IE92F71C67F8EN
Grand View Research, Inc.

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Industrial Internet of Things Market Growth & Trends

The global industrial internet of things market size is anticipated t%li%reach USD 1,693.30 billion by 2030 and projected t%li%grow at a CAGR of 23.2% from 2024 t%li%2030, according t%li%a new report by Grand View Research, Inc. The market growth is being driven by a significant focus on predictive maintenance, automation, and efficient supply chain management across various industrial sectors, particularly manufacturing. Many organizations have acknowledged the advantages of integrating industrial IoT t%li%enhance productivity and have implemented a variety of advanced Industrial IoT solutions using compatible hardware, such as actuators and sensors, along with software. This has contributed t%li%the market growth.

Companies are involved in strategic partnerships and collaborations and are allocating substantial resources towards research and development t%li%drive innovation and t%li%stay competitive in the industry. For instance, in February 2024, Digi International Inc. introduced the Digi IX40, a 5G edge computing industrial IoT cellular router solution. The Digi IX40 is specifically designed for Industry 4.0 applications, including advanced robotics, predictive maintenance, asset monitoring, industrial automation, and smart manufacturing. Such strategies by market players are anticipated t%li%augment the market growth in the coming years.

The increasing application of M2M across various industries, such as automotive, smart cars, utilities, smart grids, home automation, healthcare, and security, is expected t%li%drive the adoption of industrial IoT across businesses. The data collected by OT, M2M, and IoT systems is expected t%li%integrate both operational and informational technology, thereby opening new insights t%li%innovate the decision-making process.

The adoption of sensors and distributed control systems will help t%li%control and manage work processes and automate management processes for all industrial operations. As a result, the demand for implementing sensors and DCS in various business operations will increase annually. Thus, there is a global increase in the need for sensors and DCS due t%li%multiple associated advantages, which is driving the market growth in the coming years.

Industrial Internet of Things Market Report Highlights
        • Based on component, the services segment is anticipated t%li%grow at the fastest CAGR from 2024 t%li%2030, owing t%li%a significant increase in the number of connected gadgets
      • Based on end use, the manufacturing sub-segment led the market with the largest revenue share of 18.22% in 2023, as companies are rapidly adopting digital manufacturing technologies, while logistics & transport segment is anticipated t%li%grow at the fastest CAGR from 2024 t%li%2030
    • North America accounted for the largest revenue share of 32.0% in 2023, closely followed by Europe owing t%li%the early adoption and implementation of industrial internet of things technology
  • In May 2024, Proxgy, an industrial internet of things startup, launched a satellite-based smart lock locator, designed for the transportation and logistics industry. The smart lock comes with state-of-the-art features, including real-time tamper alerts, geofencing, geolocation tracking, RFID and NFC smart key unlock, and remote lock/unlock capabilities
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definitions
1.3. Information Procurement
  1.3.1. Information analysis
  1.3.2. Market formulation & data visualization
  1.3.3. Data validation & publishing
1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Industrial Internet of Things Market Snapshot
2.2. Industrial Internet of Things Market- Segment Snapshot (1/2)
2.3. Industrial Internet of Things Market- Segment Snapshot (2/2)
2.4. Industrial Internet of Things Market- Competitive Landscape Snapshot

CHAPTER 3. INDUSTRIAL INTERNET OF THINGS MARKET - INDUSTRY OUTLOOK

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
  3.3.1. Market Driver Analysis
  3.3.2. Market Restraint Analysis
3.4. Industry Analysis Tools
  3.4.1. Porter’s analysis
  3.4.2. Macroeconomic analysis
3.5. Impact of COVID-19 on Industrial Internet of Things (IIoT) Industry

CHAPTER 4. INDUSTRIAL INTERNET OF THINGS MARKET: COMPONENT ESTIMATES & TREND ANALYSIS

4.1. Component Movement Analysis & Market Share, 2023 & 2030
4.2. Industrial Internet of Things Market Estimates & Forecast, By Component (USD Million)
  4.2.1. Hardware
  4.2.2. Solution
    4.2.2.1. Remote Monitoring
    4.2.2.2. Data Management
    4.2.2.3. Analytics
    4.2.2.4. Security Solutions
    4.2.2.5. Others
  4.2.3. Services
    4.2.3.1. Professional
    4.2.3.2. Managed
  4.2.4. Platform
    4.2.4.1. Connectivity Management
    4.2.4.2. Application Management
    4.2.4.3. Device Management

CHAPTER 5. INDUSTRIAL INTERNET OF THINGS MARKET: END USE ESTIMATES & TREND ANALYSIS

5.1. End Use Movement Analysis & Market Share, 2023 & 2030
  5.1.1. Industrial Internet of Things Market Estimates & Forecast, By End Use (USD Million)
  5.1.2. Aviation
  5.1.3. Metal & Mining
  5.1.4. Chemical
  5.1.5. Manufacturing
  5.1.6. Energy & Power
  5.1.7. Smart Grids
  5.1.8. Oil & Gas
  5.1.9. Healthcare
  5.1.10. Logistics & Transport
    5.1.10.1. Intelligent Signaling System
    5.1.10.2. Video Analytics
    5.1.10.3. Incident Detection System
    5.1.10.4. Route Scheduling Guidance System
  5.1.11. Agriculture
    5.1.11.1. Precision Farming
    5.1.11.2. Livestock Monitoring
    5.1.11.3. Smart Greenhouses
    5.1.11.4. Fish Farming
  5.1.12. Retail
    5.1.12.1. Point of Sales
    5.1.12.2. Interactive Kiosks
    5.1.12.3. Self-Checkout Systems
    5.1.12.4. Others

CHAPTER 6. INDUSTRIAL INTERNET OF THINGS MARKET: SOFTWARE ESTIMATES & TREND ANALYSIS

6.1. Software Movement Analysis & Market Share, 2023 & 2030
6.2. Industrial Internet of Things Market Estimates & Forecast, By Software (USD Million)
  6.2.1. Product Lifecycle Management
  6.2.2. Manufacturing Execution Systems
  6.2.3. SCADA
  6.2.4. Outage Management Systems
  6.2.5. Distribution Management Systems
  6.2.6. Remote Patent Monitoring
  6.2.7. Retail Management Software
  6.2.8. Visualization Software
  6.2.9. Transit Management Systems
  6.2.10. Farm Management Systems

CHAPTER 7. INDUSTRIAL INTERNET OF THINGS MARKET: CONNECTIVITY TECHNOLOGY ESTIMATES & TREND ANALYSIS

7.1. Connectivity Technology Movement Analysis & Market Share, 2023 & 2030
7.2. Industrial Internet of Things Market Estimates & Forecast, By Connectivity Technology (USD Million)
  7.2.1. Wired Technology
    7.2.1.1. Ethernet
      7.2.1.1.1. Modbus
      7.2.1.1.2. Profinet
      7.2.1.1.3. CC-Link
    7.2.1.2. Foundation Fieldbus
  7.2.2. Wireless Technology
    7.2.2.1. Wi-Fi
    7.2.2.2. Bluetooth
    7.2.2.3. Cellular Technologies
      7.2.2.3.1. 4G/LTE
      7.2.2.3.2. 5G
    7.2.2.4. Satellite Technologies

CHAPTER 8. INDUSTRIAL INTERNET OF THINGS MARKET: DEVICE AND TECHNOLOGY ESTIMATES & TREND ANALYSIS

8.1. Device and Technology Movement Analysis & Market Share, 2023 & 2030
8.2. Industrial Internet of Things Market Estimates & Forecast, By Device and Technology (USD Million)
  8.2.1. Sensors
  8.2.2. Radio Frequency Identification (RFID)
  8.2.3. Industrial Robotics
  8.2.4. Distributed Control Systems
  8.2.5. Condition Monitoring
  8.2.6. Smart Meters
  8.2.7. Electronic Shelf Labels
  8.2.8. Cameras
  8.2.9. Smart Beacons
  8.2.10. Interface Boards
  8.2.11. Yield Monitors
  8.2.12. Guidance & Steering
  8.2.13. GPS/GNSS
  8.2.14. Flow & Application Control Devices
  8.2.15. Networking Technology

CHAPTER 9. REGIONAL ESTIMATES & TREND ANALYSIS

9.1. Industrial Internet of Things Market by Region, 2023 & 2030
9.2. North America
  9.2.1. North America Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.2.2. U.S.
    9.2.2.1. U.S. Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.2.3. Canada
    9.2.3.1. Canada Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.3. Europe
  9.3.1. Europe Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.2. UK
    9.3.2.1. UK Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.3. Germany
    9.3.3.1. Germany Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.4. France
    9.3.4.1. France Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.5. Italy
    9.3.5.1. Italy Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.6. Spain
    9.3.6.1. Spain Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.7. Benelux
    9.3.7.1. Benelux Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.3.8. Nordics
    9.3.8.1. Nordics Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.4. Asia Pacific
  9.4.1. Asia Pacific Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.2. China
    9.4.2.1. China Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.3. Japan
    9.4.3.1. Japan Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.4. India
    9.4.4.1. India Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.5. South Korea
    9.4.5.1. South Korea Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.4.6. Australia
    9.4.6.1. Australia Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.5. South America
  9.5.1. South America Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.2. Brazil
    9.5.2.1. Brazil Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.3. Mexico
    9.5.3.1. Mexico Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.4. Chile
    9.5.4.1. Chile Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.5.5. Peru
    9.5.5.1. Peru Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
9.6. Middle East & Africa (MEA)
  9.6.1. MEA Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.2. UAE
    9.6.2.1. UAE Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.3. Saudi Arabia
    9.6.3.1. Saudi Arabia Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  9.6.4. South Africa
    9.6.4.1. South Africa Industrial Internet of Things Market Estimates & Forecasts, 2018 - 2030 (USD Million)

CHAPTER 10. INDUSTRIAL INTERNET OF THINGS MARKET - COMPETITIVE LANDSCAPE

10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2023
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
  10.8.1. Expansion/Divestiture
  10.8.2. Collaborations/Partnerships
  10.8.3. New Product Launches
  10.8.4. Contract
10.9. Company Profiles
  10.9.1. ABB Ltd.
    10.9.1.1. Participant’s Overview
    10.9.1.2. Financial Performance
    10.9.1.3. Product Benchmarking
    10.9.1.4. Recent Developments
  10.9.2. ARM Holdings Plc
    10.9.2.1. Participant’s Overview
    10.9.2.2. Financial Performance
    10.9.2.3. Product Benchmarking
    10.9.2.4. Recent Developments
  10.9.3. Atmel Corporation
    10.9.3.1. Participant’s Overview
    10.9.3.2. Financial Performance
    10.9.3.3. Product Benchmarking
    10.9.3.4. Recent Developments
  10.9.4. Cisco Systems Inc.
    10.9.4.1. Participant’s Overview
    10.9.4.2. Financial Performance
    10.9.4.3. Product Benchmarking
    10.9.4.4. Recent Developments
  10.9.5. General Electric Company (GE)
    10.9.5.1. Participant’s Overview
    10.9.5.2. Financial Performance
    10.9.5.3. Product Benchmarking
    10.9.5.4. Recent Developments
  10.9.6. Honeywell International Inc.
    10.9.6.1. Participant’s Overview
    10.9.6.2. Financial Performance
    10.9.6.3. Product Benchmarking
    10.9.6.4. Recent Developments
  10.9.7. International Business Machine (IBM) Corporation
    10.9.7.1. Participant’s Overview
    10.9.7.2. Financial Performance
    10.9.7.3. Product Benchmarking
    10.9.7.4. Recent Developments
  10.9.8. Intel Corporation
    10.9.8.1. Participant’s Overview
    10.9.8.2. Financial Performance
    10.9.8.3. Product Benchmarking
    10.9.8.4. Recent Developments
  10.9.9. Microsoft Corporation
    10.9.9.1. Participant’s Overview
    10.9.9.2. Financial Performance
    10.9.9.3. Product Benchmarking
    10.9.9.4. Recent Developments
  10.9.10. Rockwell Automation Inc.
    10.9.10.1. Participant’s Overview
    10.9.10.2. Financial Performance
    10.9.10.3. Product Benchmarking
    10.9.10.4. Recent Developments
  10.9.11. Schneider Electric SE
    10.9.11.1. Participant’s Overview
    10.9.11.2. Financial Performance
    10.9.11.3. Product Benchmarking
    10.9.11.4. Recent Developments
  10.9.12. Siemens AG
    10.9.12.1. Participant’s Overview
    10.9.12.2. Financial Performance
    10.9.12.3. Product Benchmarking
    10.9.12.4. Recent Developments
LIST OF TABLES


Table 1 Industrial Internet of Things Market 2018 - 2030 (USD Million)
Table 2 Global Industrial Internet of Things Market Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Table 3 Global Industrial Internet of Things Market Estimates and Forecasts by Component, 2018 - 2030 (USD Million)
Table 4 Global Industrial Internet of Things Market Estimates and Forecasts by End Use, 2018 - 2030 (USD Million)
Table 5 Global Industrial Internet of Things Market Estimates and Forecasts by Software, 2018 - 2030 (USD Million)
Table 6 Global Industrial Internet of Things Market Estimates and Forecasts by Connectivity Technology, 2018 - 2030 (USD Million)
Table 7 Global Industrial Internet of Things Market Estimates and Forecasts by Device & Technology, 2018 - 2030 (USD Million)
Table 8 Company heat map analysis
Table 9 Key companies undergoing expansion
Table 10 Key companies involved in mergers & acquisitions
Table 11 Key companies involved in collaborations
Table 12 Key companies new product launches
Table 13 Key companies research & development
LIST OF FIGURES


Fig. 1 Digital Textile Printing Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot
Fig. 7 Segment Snapshot, By Process and Operation
Fig. 8 Segment Snapshot, By Material and Ink Type
Fig. 9 Segment Snapshot, By Application
Fig. 10 Competitive Landscape Snapshot
Fig. 11 Digital Textile Printing Market Value, 2017 - 2030 (USD Million)
Fig. 12 Digital Textile Printing Market - Industry Value Chain Analysis
Fig. 13 Digital Textile Printing Market - Market Trends
Fig. 14 Digital Textile Printing Market: Porter’s Analysis
Fig. 15 Digital Textile Printing Market: PESTEL Analysis
Fig. 16 Digital Textile Printing Market, By Process: Key Takeaways
Fig. 17 Digital Textile Printing Market, By Process: Market Share, 2023 & 2030
Fig. 18 Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 19 Digital Textile Printing Market Estimates & Forecasts, By Direct to Fabric, 2017 - 2030 (USD Million)
Fig. 20 Digital Textile Printing Market Estimates & Forecasts, By Direct to Garment, 2017 - 2030 (USD Million)
Fig. 21 Digital Textile Printing Market, By Operation: Key Takeaways
Fig. 22 Digital Textile Printing Market, By Operation: Market Share, 2023 & 2030
Fig. 23 Digital Textile Printing Market Estimates & Forecasts, By Single Pass, 2017 - 2030 (USD Million)
Fig. 24 Digital Textile Printing Market Estimates & Forecasts, By Multi Pass, 2017 - 2030 (USD Million)
Fig. 25 Digital Textile Printing Market, By Material: Key Takeaways
Fig. 26 Digital Textile Printing Market, By Material: Market Share, 2023 & 2030
Fig. 27 Digital Textile Printing Market Estimates & Forecasts, By Cotton, 2017 - 2030 (USD Million)
Fig. 28 Digital Textile Printing Market Estimates & Forecasts, By Silk, 2017 - 2030 (USD Million)
Fig. 29 Digital Textile Printing Market Estimates & Forecasts, By Polyester, 2017 - 2030 (USD Million)
Fig. 30 Digital Textile Printing Market Estimates & Forecasts, By Others, 2017 - 2030 (USD Million)
Fig. 31 Digital Textile Printing Market, By Ink Type: Key Takeaways
Fig. 32 Digital Textile Printing Market, By Sublimation: Market Share, 2023 & 2030
Fig. 33 Digital Textile Printing Market Estimates & Forecasts, By Pigment, 2017 - 2030 (USD Million)
Fig. 34 Digital Textile Printing Market Estimates & Forecasts, By Reactive, 2017 - 2030 (USD Million)
Fig. 35 Digital Textile Printing Market Estimates & Forecasts, By Acid, 2017 - 2030 (USD Million)
Fig. 36 Digital Textile Printing Market Estimates & Forecasts, By Others, 2017 - 2030 (USD Million)
Fig. 37 Digital Textile Printing Market, By Application: Key Takeaways
Fig. 38 Digital Textile Printing Market, By Application: Market Share, 2023 & 2030
Fig. 39 Digital Textile Printing Market Estimates & Forecasts, By Clothing/Apparel, 2017 - 2030 (USD Million)
Fig. 40 Digital Textile Printing Market Estimates & Forecasts, Home Dйcor, 2017 - 2030 (USD Million)
Fig. 41 Digital Textile Printing Market Estimates & Forecasts, Soft Signage, 2017 - 2030 (USD Million)
Fig. 42 Digital Textile Printing Market Estimates & Forecasts, By Industrial, 2017 - 2030 (USD Million)
Fig. 43 Global Digital Textile Printing Market Revenue, By Region, 2023 & 2030 (USD Million)
Fig. 44 North America Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 45 U.S. Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 46 Canada Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 47 Mexico Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 48 Europe Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 49 UK Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 50 Germany Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 51 France Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 52 Asia Pacific Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 53 China Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 54 India Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 55 Japan Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 56 South Korea Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 57 Australia Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 58 Latin America Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 59 Brazil Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 60 Middle East & Africa Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 61 KSA Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 62 UAE Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 63 South Africa Digital Textile Printing Market Estimates & Forecasts, 2017 - 2030 (USD Million)
Fig. 64 Key Company Categorization
Fig. 65 Digital Textile Printing Market - Key Company Market Share Analysis, 2023
Fig. 66 Strategic Framework


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