Industrial Internet of Things (IIoT) Market Size is USD 207.29 Billion in 2025

Industrial Internet of Things (IIoT) Market (By Type: Hardware, Software, and Service; By Application: Manufacturing, Energy and Electricity, Oil and Gas, Metals and Mining, Logistics, Transportation, Agriculture, Medical Insurance, Construction, and Others; By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Industry Size, Share, Growth, Trends 2025 to 2034.

Stats ID: 8793 | Delivery Format: Databook | Tables and Figures: 35+ | Last Updated: September 2025 | Delivery: Immediate

The global industrial internet of things (IIoT) market exceeded USD 174.78 billion in 2024 and is projected to reach USD 962.37 billion by 2034, growing at a CAGR of 18.6%. This growth is fueled by increasing adoption of smart sensors, automation, and data analytics to optimize industrial operations and enhance efficiency.

Industrial Internet of Things (IIoT) Market Statical Scope

Reports Attributes	Statistics
Market Size in 2024	USD 174.78 Billion
Market Size in 2025	USD 207.29 Billion
Market Size in 2031	USD 576.88 Billion
Market Size by 2034	USD 962.37 Billion
CAGR 2025 to 2034	18.6%
Base Year	2024
Forecast Period	2025 to 2034

Industrial Internet of Things (IIoT) Market Companies

IBM
Cisco
Microsoft
Dell
Siemens
Intel
Google
SAP
ABB
Bosch
Hitachi
Vodafone
Schneider Electric
Panasonic
Honeywell
GE
AT&T
Huawei
Ericsson
Toshiba
NEC
Dassault Systèmes
Belden
Digi International
Haier
PTC
Midea
Foxconn Industrial Internet
Boe Technology Group
Kyland Technology
Tsinghua Tongfang
Fujian Star-net Communication
CIMC IOT Technology

Industrial Internet of Things (IIoT) Market Segmentation

By Type

Hardware
Software
Service

By Application

Manufacturing
Energy and Electricity
Oil and Gas
Metals and Mining
Logistics
Transportation
Agriculture
Medical Insurance
Construction
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Published by Yogesh Kulkarni

Global Market Revenue

Industrial Internet of Things (IIoT) Market Revenue, By Type 2024 to 2034 (USD Billion)

Type	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Hardware	80.40	93.07	107.68	124.50	143.85	166.10	191.65	220.95	254.51	292.93	336.83
Software	55.93	67.16	80.64	96.80	116.19	139.44	167.33	200.75	240.83	288.87	346.45
Service	38.45	47.06	57.52	70.27	85.76	104.58	127.43	155.18	188.84	229.64	279.08

Industrial Internet of Things (IIoT) Market Revenue, By Application 2024 to 2034 (USD Billion)

Application	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Manufacturing	50.69	59.08	68.84	80.18	93.37	108.68	126.47	147.10	171.04	198.80	230.97
Energy and Electricity	20.97	25.08	29.99	35.86	42.88	51.27	61.29	73.26	87.58	104.68	125.11
Oil and Gas	17.48	20.52	24.09	28.28	33.20	38.96	45.72	53.65	62.94	73.84	86.61
Metals and Mining	10.49	12.23	14.26	16.62	19.36	22.56	26.27	30.57	35.58	41.38	48.12
Logistics	13.98	17.21	21.14	25.95	31.81	38.96	47.67	58.26	71.15	86.82	105.86
Transportation	15.73	19.07	23.11	27.99	33.89	41.01	49.61	60	72.52	87.64	105.86
Agriculture	8.74	10.78	13.28	16.33	20.06	24.61	30.16	36.92	45.16	55.18	67.37
Medical Insurance	3.50	4.15	4.92	5.83	6.92	8.20	9.73	11.54	13.68	16.23	19.25
Construction	17.48	20.94	25.08	30.03	35.96	43.06	51.56	61.73	73.89	88.45	105.86
Others	15.72	18.23	21.13	24.50	28.35	32.81	37.93	43.85	50.64	58.42	67.35

Industrial Internet of Things (IIoT) Market Revenue, By Region 2024 to 2034 (USD Billion)

Region	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
North America	59.43	69.65	81.62	95.63	112.04	131.24	153.71	179.99	210.73	246.68	288.71
Asia Pacific	54.18	65.71	79.65	96.51	116.88	141.49	171.22	207.10	250.41	302.67	365.70
Europe	48.94	57.63	67.85	79.89	94.06	110.73	130.36	153.45	180.62	212.60	250.21
LAMEA	12.23	14.30	16.72	19.54	22.82	26.66	31.12	36.34	42.42	49.49	57.74

Global Market Revenue

Industrial Internet of Things (IIoT) Market Revenue, By Type 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Hardware	80.40	93.07	107.68	124.50	143.85	166.10	191.65	220.95	254.51	292.93	336.83
Software	55.93	67.16	80.64	96.80	116.19	139.44	167.33	200.75	240.83	288.87	346.45
Service	38.45	47.06	57.52	70.27	85.76	104.58	127.43	155.18	188.84	229.64	279.08

Industrial Internet of Things (IIoT) Market Revenue, By Application 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Manufacturing	50.69	59.08	68.84	80.18	93.37	108.68	126.47	147.10	171.04	198.80	230.97
Energy and Electricity	20.97	25.08	29.99	35.86	42.88	51.27	61.29	73.26	87.58	104.68	125.11
Oil and Gas	17.48	20.52	24.09	28.28	33.20	38.96	45.72	53.65	62.94	73.84	86.61
Metals and Mining	10.49	12.23	14.26	16.62	19.36	22.56	26.27	30.57	35.58	41.38	48.12
Logistics	13.98	17.21	21.14	25.95	31.81	38.96	47.67	58.26	71.15	86.82	105.86
Transportation	15.73	19.07	23.11	27.99	33.89	41.01	49.61	60	72.52	87.64	105.86
Agriculture	8.74	10.78	13.28	16.33	20.06	24.61	30.16	36.92	45.16	55.18	67.37
Medical Insurance	3.50	4.15	4.92	5.83	6.92	8.20	9.73	11.54	13.68	16.23	19.25
Construction	17.48	20.94	25.08	30.03	35.96	43.06	51.56	61.73	73.89	88.45	105.86
Others	15.72	18.23	21.13	24.50	28.35	32.81	37.93	43.85	50.64	58.42	67.35

Industrial Internet of Things (IIoT) Market Revenue, By Region 2024 to 2034 (USD Billion)

Subsegment	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
North America	59.43	69.65	81.62	95.63	112.04	131.24	153.71	179.99	210.73	246.68	288.71
Asia Pacific	54.18	65.71	79.65	96.51	116.88	141.49	171.22	207.10	250.41	302.67	365.70
Europe	48.94	57.63	67.85	79.89	94.06	110.73	130.36	153.45	180.62	212.60	250.21
LAMEA	12.23	14.30	16.72	19.54	22.82	26.66	31.12	36.34	42.42	49.49	57.74

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Industrial Internet of Things (IIoT) Market Size is USD 207.29 Billion in 2025

Industrial Internet of Things (IIoT) Market Statical Scope

Industrial Internet of Things (IIoT) Market Companies

Industrial Internet of Things (IIoT) Market Segmentation

By Type

By Application

By Region

Global Market Revenue

Industrial Internet of Things (IIoT) Market Revenue, By Type 2024 to 2034 (USD Billion)

Industrial Internet of Things (IIoT) Market Revenue, By Application 2024 to 2034 (USD Billion)

Industrial Internet of Things (IIoT) Market Revenue, By Region 2024 to 2034 (USD Billion)

Global Market Revenue

Industrial Internet of Things (IIoT) Market Revenue, By Type 2024 to 2034 (USD Billion)

Industrial Internet of Things (IIoT) Market Revenue, By Application 2024 to 2034 (USD Billion)

Industrial Internet of Things (IIoT) Market Revenue, By Region 2024 to 2034 (USD Billion)

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