Industrial Internet Of Things (IIoT) Market Research Report 2033

Industrial Internet Of Things (IIoT) Market Research Report 2033

Segments - by Component (Hardware, Software, Services), by Connectivity Type (Wired, Wireless), by Deployment Mode (On-Premises, Cloud), by Application (Predictive Maintenance, Asset Tracking and Management, Industrial Automation, Supply Chain Management, Others), by End-User Industry (Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare, Oil & Gas, Others)

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Report Description


Industrial Internet Of Things (IIoT) Market Outlook

According to our latest research, the global Industrial Internet of Things (IIoT) market size reached USD 286.7 billion in 2024, reflecting robust growth driven by rapid digital transformation across industrial sectors. The market is projected to expand at a CAGR of 14.2% during the forecast period, reaching approximately USD 797.2 billion by 2033. This impressive growth trajectory is primarily fueled by the increasing adoption of automation, real-time data analytics, and intelligent connectivity within traditional industrial environments. As per our analysis, the ongoing integration of IIoT technologies is fundamentally reshaping operational efficiency, productivity, and business models across a wide range of industries, setting the stage for a transformative decade ahead.

One of the primary growth factors propelling the Industrial Internet of Things (IIoT) market is the escalating demand for smart manufacturing solutions. As manufacturers worldwide strive to maintain competitiveness in an increasingly globalized market, the implementation of IIoT enables real-time monitoring, predictive maintenance, and automated decision-making. The convergence of operational technology (OT) with information technology (IT) allows organizations to optimize asset utilization, reduce downtime, and enhance overall productivity. Furthermore, the proliferation of affordable sensors, advancements in cloud computing, and the widespread availability of high-speed connectivity are making IIoT deployments more accessible for enterprises of all sizes. This democratization of technology is not only accelerating digital transformation in established markets but also opening up new opportunities in emerging economies.

Another significant driver is the surge in demand for data-driven insights to facilitate proactive and predictive operations. IIoT platforms are increasingly being leveraged to collect, aggregate, and analyze massive volumes of data generated by connected devices and machinery. This capability empowers businesses to implement predictive maintenance strategies, optimize supply chain operations, and enhance safety protocols. The growing emphasis on sustainability and energy efficiency is also contributing to market expansion, as IIoT solutions enable organizations to monitor energy consumption, identify inefficiencies, and minimize environmental impact. The integration of artificial intelligence (AI), machine learning, and advanced analytics further amplifies the value proposition of IIoT, enabling more sophisticated applications and unlocking new business models.

The increasing focus on industrial automation and Industry 4.0 initiatives across various sectors is further catalyzing the adoption of IIoT technologies. Governments and regulatory bodies in multiple regions are actively promoting digitalization through supportive policies, incentives, and investments in smart infrastructure. This is particularly evident in sectors such as manufacturing, energy, and logistics, where IIoT is being harnessed to streamline operations, reduce costs, and enhance competitiveness. The COVID-19 pandemic has also accelerated the adoption of remote monitoring and automation solutions, as organizations seek to ensure business continuity and resilience in the face of unprecedented disruptions. As a result, the IIoT market is witnessing strong momentum, with both established enterprises and new entrants investing heavily in research, development, and deployment of innovative solutions.

From a regional perspective, Asia Pacific continues to lead the global IIoT market, driven by rapid industrialization, significant investments in smart manufacturing, and the presence of a robust electronics ecosystem. North America and Europe are also major contributors, benefiting from advanced technological infrastructure, strong R&D capabilities, and a high degree of digital maturity among industrial players. Meanwhile, regions such as Latin America and the Middle East & Africa are experiencing steady growth, supported by increasing government initiatives and rising awareness of the benefits of IIoT adoption. The competitive landscape is characterized by a mix of global technology giants, specialized IIoT solution providers, and innovative startups, all vying to capture a share of this dynamic and rapidly evolving market.

Global Industrial Internet Of Things (IIoT) Industry Outlook

Component Analysis

The component segment of the Industrial Internet of Things (IIoT) market is broadly categorized into hardware, software, and services, each playing a critical role in the successful deployment and operation of IIoT solutions. Hardware forms the backbone of IIoT deployments, encompassing sensors, actuators, gateways, and edge devices that facilitate the collection and transmission of data from industrial assets. As the demand for real-time monitoring and automation increases, manufacturers are investing in advanced hardware solutions capable of supporting complex industrial environments. The proliferation of low-cost, energy-efficient sensors and the miniaturization of electronic components have significantly reduced the barriers to entry for IIoT adoption, enabling a wider range of applications across industries.

Software is the enabler that transforms raw data into actionable insights, providing the intelligence required for predictive maintenance, asset management, and process optimization. IIoT software platforms typically include device management, data analytics, visualization tools, and integration capabilities with existing enterprise systems such as ERP and MES. The rise of cloud-based IIoT software solutions has further accelerated market growth, offering scalability, flexibility, and cost-effectiveness for organizations of all sizes. Advanced analytics, artificial intelligence, and machine learning algorithms are increasingly being integrated into IIoT platforms, enabling more sophisticated and proactive decision-making. As a result, software is emerging as a key differentiator in the competitive landscape, with vendors focusing on enhancing interoperability, security, and ease of use.

Services represent a rapidly growing component of the IIoT market, encompassing consulting, system integration, deployment, maintenance, and support services. As IIoT deployments become more complex and mission-critical, organizations are seeking expert guidance to ensure successful implementation and maximize return on investment. Service providers play a crucial role in helping businesses navigate the challenges of IIoT adoption, from initial strategy development to ongoing optimization and support. The increasing demand for managed services and outcome-based models is driving innovation in this segment, with vendors offering end-to-end solutions tailored to specific industry requirements. As organizations continue to invest in digital transformation, the services segment is expected to witness sustained growth, underpinned by the need for specialized expertise and continuous improvement.

The interplay between hardware, software, and services is fundamental to the success of IIoT initiatives. While hardware provides the foundation for data acquisition, software delivers the intelligence needed for actionable insights, and services ensure seamless integration and ongoing optimization. Leading vendors are increasingly offering integrated solutions that combine all three components, enabling organizations to accelerate time-to-value and achieve their digital transformation objectives. As the IIoT market matures, the focus is shifting towards holistic, end-to-end solutions that address the unique challenges and opportunities of industrial environments, paving the way for the next wave of innovation and growth in the sector.

Report Scope

Attributes Details
Report Title Industrial Internet Of Things (IIoT) Market Research Report 2033
By Component Hardware, Software, Services
By Connectivity Type Wired, Wireless
By Deployment Mode On-Premises, Cloud
By Application Predictive Maintenance, Asset Tracking and Management, Industrial Automation, Supply Chain Management, Others
By End-User Industry Manufacturing, Energy & Utilities, Transportation & Logistics, Healthcare, Oil & Gas, Others
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2024
Historic Data 2018-2023
Forecast Period 2025-2033
Number of Pages 298
Number of Tables & Figures 257
Customization Available Yes, the report can be customized as per your need.

Connectivity Type Analysis

The connectivity type segment of the Industrial Internet of Things (IIoT) market is divided into wired and wireless technologies, each offering distinct advantages and catering to different industrial requirements. Wired connectivity, including Ethernet, Modbus, and PROFIBUS, has traditionally been the backbone of industrial communication networks due to its reliability, low latency, and high data transfer rates. These attributes make wired solutions particularly well-suited for mission-critical applications where real-time performance and data integrity are paramount. Industries such as manufacturing, oil and gas, and utilities continue to rely on wired connectivity for applications that demand robust and deterministic communication, especially in environments with high electromagnetic interference or stringent safety requirements.

However, the advent of advanced wireless technologies is rapidly transforming the IIoT connectivity landscape. Wireless solutions, including Wi-Fi, Bluetooth, Zigbee, LoRaWAN, and emerging 5G networks, offer unparalleled flexibility, scalability, and ease of deployment. The elimination of physical cabling reduces installation costs and enables the connection of devices in hard-to-reach or hazardous locations. Wireless connectivity is particularly advantageous for mobile assets, remote monitoring, and applications requiring frequent reconfiguration or expansion. The ongoing rollout of 5G networks is expected to be a major catalyst for IIoT adoption, offering ultra-low latency, massive device connectivity, and enhanced security features that support a wide range of industrial use cases.

The choice between wired and wireless connectivity is often dictated by specific application requirements, environmental conditions, and cost considerations. While wired solutions continue to dominate in scenarios demanding high reliability and deterministic performance, wireless technologies are gaining traction in applications where flexibility, mobility, and rapid scalability are critical. Hybrid connectivity models, combining both wired and wireless solutions, are increasingly being adopted to leverage the strengths of each approach and ensure seamless communication across diverse industrial environments. This convergence is enabling organizations to optimize network architecture, improve operational efficiency, and unlock new possibilities for IIoT innovation.

Security and interoperability are key considerations in the selection and deployment of IIoT connectivity solutions. As the number of connected devices proliferates, ensuring secure data transmission and protecting against cyber threats becomes increasingly important. Vendors are investing in advanced security protocols, encryption technologies, and network management tools to address these challenges and build trust in IIoT ecosystems. The development of industry standards and open protocols is also facilitating interoperability, enabling seamless integration of heterogeneous devices and systems. As the IIoT market continues to evolve, the connectivity segment will remain a focal point for innovation, driving the adoption of new technologies and shaping the future of industrial automation.

Deployment Mode Analysis

The deployment mode segment of the Industrial Internet of Things (IIoT) market is categorized into on-premises and cloud-based solutions, each offering unique benefits and addressing different organizational needs. On-premises deployments involve hosting IIoT platforms and applications within the organization's own infrastructure, providing greater control over data, security, and system customization. This deployment mode is particularly favored by industries with stringent regulatory requirements, sensitive data, or mission-critical operations, such as manufacturing, oil and gas, and energy utilities. On-premises solutions enable organizations to tailor IIoT implementations to their specific needs, integrate with legacy systems, and maintain full ownership of their data.

Cloud-based IIoT solutions are gaining significant traction, driven by their scalability, flexibility, and cost-effectiveness. Cloud deployments eliminate the need for extensive upfront capital investments in hardware and infrastructure, allowing organizations to scale resources on demand and pay only for what they use. The cloud model also facilitates remote access, real-time collaboration, and seamless integration with other cloud-based enterprise applications. As a result, cloud-based IIoT platforms are particularly attractive to small and medium-sized enterprises (SMEs) and organizations with distributed operations or limited IT resources. The growing adoption of edge computing is further enhancing the value proposition of cloud-based solutions, enabling real-time data processing and analytics at the network edge while leveraging the scalability and advanced analytics capabilities of the cloud.

Hybrid deployment models, combining on-premises and cloud-based solutions, are emerging as a popular choice for organizations seeking to balance control, security, and scalability. Hybrid approaches allow businesses to process sensitive or mission-critical data locally while leveraging the cloud for non-sensitive workloads, advanced analytics, and long-term storage. This flexibility is particularly valuable in industries with complex regulatory environments or highly distributed operations. Vendors are increasingly offering hybrid IIoT platforms that enable seamless integration, centralized management, and consistent security policies across on-premises and cloud environments.

The choice of deployment mode is influenced by a range of factors, including data sensitivity, regulatory compliance, IT infrastructure, and budget constraints. As IIoT adoption accelerates, organizations are prioritizing solutions that offer flexibility, interoperability, and future-proofing. Vendors are responding by developing modular, scalable platforms that support multiple deployment models and can evolve with changing business needs. The ongoing evolution of cloud and edge computing technologies is expected to drive further innovation in the deployment segment, enabling new use cases and unlocking additional value for organizations across industries.

Application Analysis

The application segment of the Industrial Internet of Things (IIoT) market encompasses a wide range of use cases, including predictive maintenance, asset tracking and management, industrial automation, supply chain management, and others. Predictive maintenance is one of the most prominent applications, leveraging real-time data from sensors and connected devices to anticipate equipment failures, optimize maintenance schedules, and reduce unplanned downtime. By enabling proactive maintenance strategies, IIoT solutions help organizations extend asset lifecycles, minimize operational disruptions, and reduce maintenance costs. The integration of advanced analytics and machine learning further enhances predictive capabilities, enabling more accurate forecasting and root cause analysis.

Asset tracking and management is another critical application area, enabling organizations to monitor the location, status, and performance of assets in real time. IIoT-powered asset management solutions provide end-to-end visibility into asset utilization, condition, and lifecycle, enabling informed decision-making and efficient resource allocation. These capabilities are particularly valuable in industries such as transportation, logistics, and energy, where asset-intensive operations are the norm. The use of IIoT for asset tracking also supports regulatory compliance, risk management, and sustainability initiatives by ensuring accurate record-keeping and reducing losses due to theft, misplacement, or inefficiency.

Industrial automation is at the heart of the IIoT revolution, driving the transition from manual, labor-intensive processes to intelligent, autonomous operations. IIoT-enabled automation solutions facilitate real-time monitoring, remote control, and dynamic optimization of industrial processes, resulting in significant improvements in productivity, quality, and safety. The integration of robotics, machine vision, and artificial intelligence is enabling the development of smart factories and digital twins, where physical assets and processes are mirrored in virtual environments for simulation, optimization, and predictive analysis. These advancements are transforming traditional manufacturing, energy, and utility operations, paving the way for the next generation of industrial innovation.

Supply chain management is another area where IIoT is delivering substantial value, enabling end-to-end visibility, real-time tracking, and dynamic optimization of supply chain operations. IIoT solutions enable organizations to monitor inventory levels, track shipments, optimize routes, and respond to disruptions in real time. The ability to collect and analyze data from across the supply chain enhances collaboration, reduces lead times, and improves customer satisfaction. In addition to these core applications, IIoT is being leveraged for a wide range of other use cases, including energy management, environmental monitoring, safety and security, and quality control, underscoring the versatility and transformative potential of IIoT technologies.

End-User Industry Analysis

The end-user industry segment of the Industrial Internet of Things (IIoT) market is highly diverse, encompassing manufacturing, energy and utilities, transportation and logistics, healthcare, oil and gas, and several other sectors. Manufacturing is the largest and most mature end-user segment, accounting for a significant share of IIoT adoption. Manufacturers are leveraging IIoT to drive smart factory initiatives, optimize production processes, enhance quality control, and enable predictive maintenance. The ability to collect and analyze real-time data from machines, production lines, and supply chains is transforming manufacturing operations, enabling higher efficiency, flexibility, and responsiveness to market demands.

The energy and utilities sector is another major adopter of IIoT technologies, utilizing connected devices and advanced analytics to optimize energy generation, distribution, and consumption. IIoT solutions enable real-time monitoring of infrastructure, predictive maintenance of critical assets, and dynamic management of energy resources. The integration of renewable energy sources, smart grids, and distributed energy systems is further driving the need for intelligent, connected solutions that can manage complexity and ensure reliability. IIoT is also playing a key role in supporting sustainability and regulatory compliance initiatives, enabling organizations to monitor emissions, reduce waste, and improve resource efficiency.

Transportation and logistics companies are harnessing IIoT to improve fleet management, optimize routing, enhance cargo tracking, and ensure the safety of drivers and goods. Real-time data from connected vehicles and assets enables dynamic decision-making, reduces operational costs, and improves service levels. The healthcare sector is leveraging IIoT for remote patient monitoring, asset tracking, and predictive maintenance of medical equipment, enhancing patient care and operational efficiency. In the oil and gas industry, IIoT solutions are being deployed for remote monitoring of pipelines, predictive maintenance of drilling equipment, and optimization of production processes, helping to improve safety, reduce downtime, and maximize asset utilization.

Other industries, such as agriculture, mining, and construction, are also beginning to realize the benefits of IIoT adoption, leveraging connected devices and data analytics to improve productivity, safety, and sustainability. As IIoT technologies become more accessible and affordable, adoption is expected to accelerate across a broader range of industries, driving further market growth and innovation. The diversity of end-user requirements is fostering the development of industry-specific solutions and best practices, ensuring that IIoT delivers tangible value across the industrial landscape.

Opportunities & Threats

The Industrial Internet of Things (IIoT) market presents a wealth of opportunities for organizations seeking to drive digital transformation and gain a competitive edge. The proliferation of connected devices, advancements in artificial intelligence and machine learning, and the growing availability of high-speed connectivity are enabling the development of innovative IIoT applications and business models. Organizations that successfully harness the power of IIoT can achieve significant improvements in operational efficiency, asset utilization, and customer satisfaction. The emergence of new technologies, such as 5G, edge computing, and digital twins, is opening up additional opportunities for real-time data processing, advanced analytics, and intelligent automation. As IIoT adoption continues to accelerate, there is a growing demand for skilled professionals, specialized solution providers, and ecosystem partners, creating new avenues for growth and collaboration.

Another major opportunity lies in the convergence of IIoT with other digital technologies, such as blockchain, augmented reality, and cybersecurity. The integration of blockchain can enhance data security, transparency, and traceability in IIoT ecosystems, while augmented reality can improve maintenance, training, and remote support capabilities. The increasing focus on sustainability and environmental responsibility is also driving demand for IIoT solutions that enable energy management, emissions monitoring, and resource optimization. Governments and regulatory bodies are playing a key role in fostering innovation and adoption through supportive policies, funding programs, and public-private partnerships. As organizations across industries recognize the strategic importance of IIoT, the market is poised for sustained growth and value creation.

Despite the numerous opportunities, the IIoT market faces several restraining factors and challenges that must be addressed to realize its full potential. One of the primary challenges is the complexity of integrating IIoT solutions with existing legacy systems and infrastructure. Many industrial environments are characterized by heterogeneous devices, proprietary protocols, and outdated equipment, making seamless integration and interoperability a significant hurdle. Security and privacy concerns are also major barriers, as the proliferation of connected devices increases the attack surface and exposes organizations to new cyber threats. Ensuring robust security, data protection, and regulatory compliance is essential to building trust and driving widespread adoption. Additionally, the lack of standardized protocols, skilled workforce shortages, and high initial investment costs can impede the pace of IIoT deployment, particularly in resource-constrained organizations.

Regional Outlook

The Asia Pacific region dominates the global Industrial Internet of Things (IIoT) market, accounting for approximately USD 105.2 billion in 2024. This leadership is driven by rapid industrialization, significant investments in smart manufacturing, and the presence of a robust electronics and semiconductor ecosystem. Countries such as China, Japan, South Korea, and India are at the forefront of IIoT adoption, leveraging advanced technologies to enhance productivity, quality, and competitiveness. Government initiatives promoting Industry 4.0, digital transformation, and smart infrastructure are further accelerating market growth in the region. The Asia Pacific market is expected to maintain a strong growth trajectory, with a projected CAGR of 15.1% through 2033, outpacing other regions and solidifying its position as the global IIoT hub.

North America is another major contributor to the IIoT market, with a market size of USD 81.4 billion in 2024. The region benefits from advanced technological infrastructure, strong R&D capabilities, and a high degree of digital maturity among industrial players. The United States and Canada are leading adopters of IIoT, driven by the presence of major technology vendors, early adoption of automation, and a focus on innovation. The region is characterized by a high level of investment in IIoT research, development, and deployment, particularly in sectors such as manufacturing, energy, and transportation. The North American IIoT market is expected to grow steadily, supported by ongoing advancements in connectivity, analytics, and cybersecurity.

Europe holds a significant share of the global IIoT market, with a market size of USD 67.9 billion in 2024. The region is characterized by a strong emphasis on Industry 4.0, smart manufacturing, and sustainability initiatives. Countries such as Germany, the United Kingdom, and France are leading adopters of IIoT, leveraging connected technologies to drive operational efficiency, innovation, and regulatory compliance. The European market is supported by a collaborative ecosystem of technology vendors, research institutions, and government agencies, fostering the development and adoption of advanced IIoT solutions. Latin America and the Middle East & Africa are also experiencing steady growth, with increasing government initiatives, rising awareness, and expanding industrial activities contributing to market expansion. Together, these regions are expected to account for a combined market size of USD 32.2 billion in 2024, with significant growth potential over the forecast period.

Industrial Internet Of Things (IIoT) Market Statistics

Competitor Outlook

The Industrial Internet of Things (IIoT) market is characterized by intense competition and a dynamic ecosystem of global technology giants, specialized solution providers, and innovative startups. The competitive landscape is shaped by rapid technological advancements, evolving customer requirements, and the increasing complexity of industrial environments. Leading vendors are investing heavily in research and development to enhance their product portfolios, improve interoperability, and address emerging challenges such as security, scalability, and integration with legacy systems. Strategic partnerships, mergers and acquisitions, and ecosystem collaborations are common strategies employed by market players to expand their capabilities, enter new markets, and deliver comprehensive end-to-end solutions.

Innovation is a key differentiator in the IIoT market, with companies focusing on the development of advanced analytics, artificial intelligence, edge computing, and cybersecurity solutions to address the evolving needs of industrial customers. The ability to offer flexible deployment models, industry-specific solutions, and robust support services is increasingly important for gaining a competitive edge. As organizations seek to accelerate their digital transformation journeys, vendors that can deliver seamless integration, rapid time-to-value, and measurable business outcomes are well-positioned for success. The emergence of open standards, interoperability frameworks, and collaborative ecosystems is further leveling the playing field, enabling smaller players and startups to compete effectively with established incumbents.

Some of the major companies operating in the global IIoT market include Siemens AG, General Electric (GE), IBM Corporation, Cisco Systems, Inc., Microsoft Corporation, ABB Ltd., Schneider Electric SE, Honeywell International Inc., Rockwell Automation, Inc., and Intel Corporation. These industry leaders are at the forefront of IIoT innovation, offering a comprehensive range of hardware, software, and services tailored to the unique needs of industrial customers. Siemens AG, for example, is renowned for its MindSphere IIoT platform, which enables organizations to connect, monitor, and analyze industrial assets at scale. General Electric's Predix platform is another leading solution, providing advanced analytics and asset performance management capabilities for a wide range of industries.

IBM Corporation is leveraging its expertise in artificial intelligence, cloud computing, and analytics to deliver integrated IIoT solutions that drive operational efficiency and business transformation. Cisco Systems is a key player in industrial networking and security, offering robust connectivity solutions that underpin IIoT deployments. Microsoft Corporation is focused on enabling digital transformation through its Azure IoT platform, which provides scalable, secure, and interoperable IIoT solutions for enterprises of all sizes. ABB Ltd., Schneider Electric, and Honeywell International are also major contributors, leveraging their deep industry knowledge and global reach to deliver end-to-end IIoT solutions across manufacturing, energy, transportation, and other sectors. Together, these companies are shaping the future of the IIoT market, driving innovation, and enabling organizations to unlock new levels of efficiency, productivity, and competitiveness.

Key Players

  • Siemens
  • General Electric (GE)
  • Honeywell International
  • ABB Ltd.
  • Rockwell Automation
  • Schneider Electric
  • Cisco Systems
  • IBM Corporation
  • Emerson Electric
  • Bosch Rexroth
  • Intel Corporation
  • PTC Inc.
  • Hitachi Ltd.
  • SAP SE
  • Mitsubishi Electric
  • Oracle Corporation
  • Advantech Co., Ltd.
  • Huawei Technologies
  • Yokogawa Electric Corporation
  • Dell Technologies
Industrial Internet Of Things (IIoT) Market Overview

Segments

The Industrial Internet Of Things (IIoT) market has been segmented on the basis of

Component

  • Hardware
  • Software
  • Services

Connectivity Type

  • Wired
  • Wireless

Deployment Mode

  • On-Premises
  • Cloud

Application

  • Predictive Maintenance
  • Asset Tracking and Management
  • Industrial Automation
  • Supply Chain Management
  • Others

End-User Industry

  • Manufacturing
  • Energy & Utilities
  • Transportation & Logistics
  • Healthcare
  • Oil & Gas
  • Others

Competitive Landscape

The major players of the market are General Electric Company, Oracle Corporation, SAP SE, Honeywell International Inc., IIBM Corporation.

Companies are investing in various innovations and are focusing on joint ventures and acquisitions to expand their market share.

Industrial Internet of Things (IIoT) Market Key Players

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Internet Of Things (IIoT) Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Industrial Internet Of Things (IIoT) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Industrial Internet Of Things (IIoT) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Industrial Internet Of Things (IIoT) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Industrial Internet Of Things (IIoT) Market Size & Forecast, 2023-2032
      4.5.1 Industrial Internet Of Things (IIoT) Market Size and Y-o-Y Growth
      4.5.2 Industrial Internet Of Things (IIoT) Market Absolute $ Opportunity

Chapter 5 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast By Component
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Component
      5.1.2 Basis Point Share (BPS) Analysis By Component
      5.1.3 Absolute $ Opportunity Assessment By Component
   5.2 Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      5.2.1 Hardware
      5.2.2 Software
      5.2.3 Services
   5.3 Market Attractiveness Analysis By Component

Chapter 6 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast By Connectivity Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Connectivity Type
      6.1.2 Basis Point Share (BPS) Analysis By Connectivity Type
      6.1.3 Absolute $ Opportunity Assessment By Connectivity Type
   6.2 Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      6.2.1 Wired
      6.2.2 Wireless
   6.3 Market Attractiveness Analysis By Connectivity Type

Chapter 7 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast By Deployment Mode
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Deployment Mode
      7.1.2 Basis Point Share (BPS) Analysis By Deployment Mode
      7.1.3 Absolute $ Opportunity Assessment By Deployment Mode
   7.2 Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      7.2.1 On-Premises
      7.2.2 Cloud
   7.3 Market Attractiveness Analysis By Deployment Mode

Chapter 8 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast By Application
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Application
      8.1.2 Basis Point Share (BPS) Analysis By Application
      8.1.3 Absolute $ Opportunity Assessment By Application
   8.2 Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      8.2.1 Predictive Maintenance
      8.2.2 Asset Tracking and Management
      8.2.3 Industrial Automation
      8.2.4 Supply Chain Management
      8.2.5 Others
   8.3 Market Attractiveness Analysis By Application

Chapter 9 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast By End-User Industry
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities By End-User Industry
      9.1.2 Basis Point Share (BPS) Analysis By End-User Industry
      9.1.3 Absolute $ Opportunity Assessment By End-User Industry
   9.2 Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      9.2.1 Manufacturing
      9.2.2 Energy & Utilities
      9.2.3 Transportation & Logistics
      9.2.4 Healthcare
      9.2.5 Oil & Gas
      9.2.6 Others
   9.3 Market Attractiveness Analysis By End-User Industry

Chapter 10 Global Industrial Internet Of Things (IIoT) Market Analysis and Forecast by Region
   10.1 Introduction
      10.1.1 Key Market Trends & Growth Opportunities By Region
      10.1.2 Basis Point Share (BPS) Analysis By Region
      10.1.3 Absolute $ Opportunity Assessment By Region
   10.2 Industrial Internet Of Things (IIoT) Market Size Forecast By Region
      10.2.1 North America
      10.2.2 Europe
      10.2.3 Asia Pacific
      10.2.4 Latin America
      10.2.5 Middle East & Africa (MEA)
   10.3 Market Attractiveness Analysis By Region

Chapter 11 Coronavirus Disease (COVID-19) Impact 
   11.1 Introduction 
   11.2 Current & Future Impact Analysis 
   11.3 Economic Impact Analysis 
   11.4 Government Policies 
   11.5 Investment Scenario

Chapter 12 North America Industrial Internet Of Things (IIoT) Analysis and Forecast
   12.1 Introduction
   12.2 North America Industrial Internet Of Things (IIoT) Market Size Forecast by Country
      12.2.1 U.S.
      12.2.2 Canada
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 North America Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      12.6.1 Hardware
      12.6.2 Software
      12.6.3 Services
   12.7 Basis Point Share (BPS) Analysis By Component 
   12.8 Absolute $ Opportunity Assessment By Component 
   12.9 Market Attractiveness Analysis By Component
   12.10 North America Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      12.10.1 Wired
      12.10.2 Wireless
   12.11 Basis Point Share (BPS) Analysis By Connectivity Type 
   12.12 Absolute $ Opportunity Assessment By Connectivity Type 
   12.13 Market Attractiveness Analysis By Connectivity Type
   12.14 North America Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      12.14.1 On-Premises
      12.14.2 Cloud
   12.15 Basis Point Share (BPS) Analysis By Deployment Mode 
   12.16 Absolute $ Opportunity Assessment By Deployment Mode 
   12.17 Market Attractiveness Analysis By Deployment Mode
   12.18 North America Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      12.18.1 Predictive Maintenance
      12.18.2 Asset Tracking and Management
      12.18.3 Industrial Automation
      12.18.4 Supply Chain Management
      12.18.5 Others
   12.19 Basis Point Share (BPS) Analysis By Application 
   12.20 Absolute $ Opportunity Assessment By Application 
   12.21 Market Attractiveness Analysis By Application
   12.22 North America Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      12.22.1 Manufacturing
      12.22.2 Energy & Utilities
      12.22.3 Transportation & Logistics
      12.22.4 Healthcare
      12.22.5 Oil & Gas
      12.22.6 Others
   12.23 Basis Point Share (BPS) Analysis By End-User Industry 
   12.24 Absolute $ Opportunity Assessment By End-User Industry 
   12.25 Market Attractiveness Analysis By End-User Industry

Chapter 13 Europe Industrial Internet Of Things (IIoT) Analysis and Forecast
   13.1 Introduction
   13.2 Europe Industrial Internet Of Things (IIoT) Market Size Forecast by Country
      13.2.1 Germany
      13.2.2 France
      13.2.3 Italy
      13.2.4 U.K.
      13.2.5 Spain
      13.2.6 Russia
      13.2.7 Rest of Europe
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Europe Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      13.6.1 Hardware
      13.6.2 Software
      13.6.3 Services
   13.7 Basis Point Share (BPS) Analysis By Component 
   13.8 Absolute $ Opportunity Assessment By Component 
   13.9 Market Attractiveness Analysis By Component
   13.10 Europe Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      13.10.1 Wired
      13.10.2 Wireless
   13.11 Basis Point Share (BPS) Analysis By Connectivity Type 
   13.12 Absolute $ Opportunity Assessment By Connectivity Type 
   13.13 Market Attractiveness Analysis By Connectivity Type
   13.14 Europe Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      13.14.1 On-Premises
      13.14.2 Cloud
   13.15 Basis Point Share (BPS) Analysis By Deployment Mode 
   13.16 Absolute $ Opportunity Assessment By Deployment Mode 
   13.17 Market Attractiveness Analysis By Deployment Mode
   13.18 Europe Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      13.18.1 Predictive Maintenance
      13.18.2 Asset Tracking and Management
      13.18.3 Industrial Automation
      13.18.4 Supply Chain Management
      13.18.5 Others
   13.19 Basis Point Share (BPS) Analysis By Application 
   13.20 Absolute $ Opportunity Assessment By Application 
   13.21 Market Attractiveness Analysis By Application
   13.22 Europe Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      13.22.1 Manufacturing
      13.22.2 Energy & Utilities
      13.22.3 Transportation & Logistics
      13.22.4 Healthcare
      13.22.5 Oil & Gas
      13.22.6 Others
   13.23 Basis Point Share (BPS) Analysis By End-User Industry 
   13.24 Absolute $ Opportunity Assessment By End-User Industry 
   13.25 Market Attractiveness Analysis By End-User Industry

Chapter 14 Asia Pacific Industrial Internet Of Things (IIoT) Analysis and Forecast
   14.1 Introduction
   14.2 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast by Country
      14.2.1 China
      14.2.2 Japan
      14.2.3 South Korea
      14.2.4 India
      14.2.5 Australia
      14.2.6 South East Asia (SEA)
      14.2.7 Rest of Asia Pacific (APAC)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      14.6.1 Hardware
      14.6.2 Software
      14.6.3 Services
   14.7 Basis Point Share (BPS) Analysis By Component 
   14.8 Absolute $ Opportunity Assessment By Component 
   14.9 Market Attractiveness Analysis By Component
   14.10 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      14.10.1 Wired
      14.10.2 Wireless
   14.11 Basis Point Share (BPS) Analysis By Connectivity Type 
   14.12 Absolute $ Opportunity Assessment By Connectivity Type 
   14.13 Market Attractiveness Analysis By Connectivity Type
   14.14 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      14.14.1 On-Premises
      14.14.2 Cloud
   14.15 Basis Point Share (BPS) Analysis By Deployment Mode 
   14.16 Absolute $ Opportunity Assessment By Deployment Mode 
   14.17 Market Attractiveness Analysis By Deployment Mode
   14.18 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      14.18.1 Predictive Maintenance
      14.18.2 Asset Tracking and Management
      14.18.3 Industrial Automation
      14.18.4 Supply Chain Management
      14.18.5 Others
   14.19 Basis Point Share (BPS) Analysis By Application 
   14.20 Absolute $ Opportunity Assessment By Application 
   14.21 Market Attractiveness Analysis By Application
   14.22 Asia Pacific Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      14.22.1 Manufacturing
      14.22.2 Energy & Utilities
      14.22.3 Transportation & Logistics
      14.22.4 Healthcare
      14.22.5 Oil & Gas
      14.22.6 Others
   14.23 Basis Point Share (BPS) Analysis By End-User Industry 
   14.24 Absolute $ Opportunity Assessment By End-User Industry 
   14.25 Market Attractiveness Analysis By End-User Industry

Chapter 15 Latin America Industrial Internet Of Things (IIoT) Analysis and Forecast
   15.1 Introduction
   15.2 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast by Country
      15.2.1 Brazil
      15.2.2 Mexico
      15.2.3 Rest of Latin America (LATAM)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      15.6.1 Hardware
      15.6.2 Software
      15.6.3 Services
   15.7 Basis Point Share (BPS) Analysis By Component 
   15.8 Absolute $ Opportunity Assessment By Component 
   15.9 Market Attractiveness Analysis By Component
   15.10 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      15.10.1 Wired
      15.10.2 Wireless
   15.11 Basis Point Share (BPS) Analysis By Connectivity Type 
   15.12 Absolute $ Opportunity Assessment By Connectivity Type 
   15.13 Market Attractiveness Analysis By Connectivity Type
   15.14 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      15.14.1 On-Premises
      15.14.2 Cloud
   15.15 Basis Point Share (BPS) Analysis By Deployment Mode 
   15.16 Absolute $ Opportunity Assessment By Deployment Mode 
   15.17 Market Attractiveness Analysis By Deployment Mode
   15.18 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      15.18.1 Predictive Maintenance
      15.18.2 Asset Tracking and Management
      15.18.3 Industrial Automation
      15.18.4 Supply Chain Management
      15.18.5 Others
   15.19 Basis Point Share (BPS) Analysis By Application 
   15.20 Absolute $ Opportunity Assessment By Application 
   15.21 Market Attractiveness Analysis By Application
   15.22 Latin America Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      15.22.1 Manufacturing
      15.22.2 Energy & Utilities
      15.22.3 Transportation & Logistics
      15.22.4 Healthcare
      15.22.5 Oil & Gas
      15.22.6 Others
   15.23 Basis Point Share (BPS) Analysis By End-User Industry 
   15.24 Absolute $ Opportunity Assessment By End-User Industry 
   15.25 Market Attractiveness Analysis By End-User Industry

Chapter 16 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Analysis and Forecast
   16.1 Introduction
   16.2 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast by Country
      16.2.1 Saudi Arabia
      16.2.2 South Africa
      16.2.3 UAE
      16.2.4 Rest of Middle East & Africa (MEA)
   16.3 Basis Point Share (BPS) Analysis by Country
   16.4 Absolute $ Opportunity Assessment by Country
   16.5 Market Attractiveness Analysis by Country
   16.6 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast By Component
      16.6.1 Hardware
      16.6.2 Software
      16.6.3 Services
   16.7 Basis Point Share (BPS) Analysis By Component 
   16.8 Absolute $ Opportunity Assessment By Component 
   16.9 Market Attractiveness Analysis By Component
   16.10 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast By Connectivity Type
      16.10.1 Wired
      16.10.2 Wireless
   16.11 Basis Point Share (BPS) Analysis By Connectivity Type 
   16.12 Absolute $ Opportunity Assessment By Connectivity Type 
   16.13 Market Attractiveness Analysis By Connectivity Type
   16.14 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast By Deployment Mode
      16.14.1 On-Premises
      16.14.2 Cloud
   16.15 Basis Point Share (BPS) Analysis By Deployment Mode 
   16.16 Absolute $ Opportunity Assessment By Deployment Mode 
   16.17 Market Attractiveness Analysis By Deployment Mode
   16.18 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast By Application
      16.18.1 Predictive Maintenance
      16.18.2 Asset Tracking and Management
      16.18.3 Industrial Automation
      16.18.4 Supply Chain Management
      16.18.5 Others
   16.19 Basis Point Share (BPS) Analysis By Application 
   16.20 Absolute $ Opportunity Assessment By Application 
   16.21 Market Attractiveness Analysis By Application
   16.22 Middle East & Africa (MEA) Industrial Internet Of Things (IIoT) Market Size Forecast By End-User Industry
      16.22.1 Manufacturing
      16.22.2 Energy & Utilities
      16.22.3 Transportation & Logistics
      16.22.4 Healthcare
      16.22.5 Oil & Gas
      16.22.6 Others
   16.23 Basis Point Share (BPS) Analysis By End-User Industry 
   16.24 Absolute $ Opportunity Assessment By End-User Industry 
   16.25 Market Attractiveness Analysis By End-User Industry

Chapter 17 Competition Landscape 
   17.1 Industrial Internet Of Things (IIoT) Market: Competitive Dashboard
   17.2 Global Industrial Internet Of Things (IIoT) Market: Market Share Analysis, 2023
   17.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      17.3.1 Siemens
General Electric (GE)
Honeywell International
ABB Ltd.
Rockwell Automation
Schneider Electric
Cisco Systems
IBM Corporation
Emerson Electric
Bosch Rexroth
Intel Corporation
PTC Inc.
Hitachi Ltd.
SAP SE
Mitsubishi Electric
Oracle Corporation
Advantech Co., Ltd.
Huawei Technologies
Yokogawa Electric Corporation
Dell Technologies

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