Connected Manufacturing Market Size

Connected Manufacturing Market size was valued at USD 174.65 billion in 2024 and is likely to cross USD 981.36 billion by 2037, registering more than 14.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of connected manufacturing is estimated at USD 195.73 billion.
 

The increasing demand for enhancement in the operational efficiency and automation are expected to aid the growth of the market. The growth of the market can be attributed to the growing adoption of Internet of Things (IoT) which can help in predictive maintenance and centralized monitoring of industrial processes. As per a whitepaper by Cognizant, connected devices made possible by the Internet of Things (IoT) are here to stay – and the trend will only grow. As such, IoT presents unprecedented opportunities across industry sectors and processes. Leaders are already investing in IoT solutions — and are reaping benefits.