Industrial IoT Market Size

Request Free Sample Copy

Report ID: 2145
Published Date: Sep 08, 2025
Report Format: PDF, PPT

Buy Now

Industrial IoT Market Outlook:

Industrial IoT Market size was valued at USD 276.6 billion in 2025 and is expected to reach USD 964.16 billion by 2035, expanding at around 13.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of industrial IoT is assessed at USD 309.71 billion.

Key factors fueling this expansion include advancements in technologies such as 5G, AI, edge computing, and digital twins, which enable real-time data analysis.

For instance, in February 2024, Digi International Inc. launched Digi IX40, a 5G edge computing industrial IoT cellular router solution. Digi IX40 is purpose-built for Industry 4.0 use cases such as advanced robotics, predictive maintenance, and asset monitoring. The growth of autonomous systems and robotics also drives adoption, addressing labor shortages and increasing operational accuracy. Increasing investments in IoT-enabled cybersecurity solutions help mitigate risks, build trust, and accelerate industrial IoT market growth.

Browse key industry insights with market data tables & charts from the report:

Industrial IoT Market Size, Share & Industry Forecast 2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of industrial IoT is assessed at USD 309.71 billion.

The global industrial IoT market size was valued at over USD 276.6 billion in 2025 and is expected to expand at a CAGR of around 13.3%, surpassing USD 964.16 billion revenue by 2035.

North America industrial IoT market is poised to capture 36.70% share by 2035, driven by industries such as manufacturing, oil and gas, and automotive leveraging industrial IoT for efficiency, predictive maintenance, and sustainability.

Key players in the market include Honeywell International Inc., International Business Machines (IBM) Corporation, Microsoft Corporation, Rockwell Automation, Inc..