Industrial IoT Market - Top Companies and Manufacturers

Companies Dominating the Industrial IoT Landscape

Companies in the industrial IoT market are emphasizing customization and scalability to cater to diverse industry needs. Many focus on strategic partnerships and collaborations, and geographical expansion to accelerate adoption and expand market presence. For instance, in December 2018, General Electric (GE) established a new, independent company for Industrial Internet of Things (IIoT) software with USD 1.2 billion in annual software revenue and an existing global industrial customer base. Some of the prominent market players are:

ABB Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
ARM Holding Plc
Atmel Corporation
General Electric Company (GE)
Honeywell International Inc.
International Business Machines (IBM) Corporation
Microsoft Corporation
Rockwell Automation, Inc.
Schneider Electric SE
Intel Corporation
Qualcomm

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Industrial IoT Market Size & Share, Growth Report 2037

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In October 2024, Qualcomm Technologies, Inc. a new product portfolio for the IoT, the Qualcomm IQ series, at Embedded World North America, developed for the most challenging safety-grade operating environments that extreme industrial applications with wide temperature ranges and integrated safety features demand.
In March 2023, Rockwell Automation launched FactoryTalk Optix which is a modern, cloud-enabled HMI platform, allowing users to design, test, and deploy applications directly from a web browser anywhere, anytime.
In February 2021, Siemens, IBM, and Red Hat announced a collaboration intending to use a hybrid cloud that is designed to bring an open, flexible, and secure solution for manufacturers and plant operators to drive real-time value from operational data.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the industrial IoT market was over USD 487.7 billion.

The market size for the industrial IoT market is projected to reach USD 6260.2 billion by the end of 2037 expanding at a CAGR of 23.5% during the forecast period i.e., between 2025-2037.

The major players in the market are Honeywell International Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Rockwell Automation, Inc., and others.

In terms of component segment, the solution segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 36.7% by the end of 2037 and provide more business opportunities in the future.

Industrial IoT Market - Top Companies and Manufacturers

Companies Dominating the Industrial IoT Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the industrial IoT market?

What is the outlook for the industrial IoT market?

Who are the major players dominating the industrial IoT market?

Which component segment will capture the significant market share for the industrial IoT market by 2037?

Which region will provide more business opportunities for the growth of the industrial IoT market in the future?