Global industrial IoT market will reach $205.7 billion by 2030, growing by 10.8% annually over 2020-2030 driven by extensive government support in encouraging digitalization across the industrial sector, rise in adoption of industrial IoT devices, and growing incorporation of advanced technologies such as cloud computing platforms and AI.
Highlighted with 63 tables and 94 figures, this 188-page report “Global Industrial IoT Market 2020-2030 by Offering (Hardware, Software, Services, Connectivity), Technology, Application, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global industrial IoT market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:

  • Market Structure
  • Growth Drivers
  • Restraints and Challenges
  • Emerging Product Trends & Market Opportunities
  • Porter’s Fiver Forces


The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global industrial IoT market in every aspect of the classification from perspectives of Offering, Technology, Application, Industry Vertical, and Region.

Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

  • Hardware
  • Software & Solutions
  • Services


o Professional Services
o Managed Services

  • Connectivity


o Wired Technology
o Wireless Technology
o Field Technologies

Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

  • Sensors
  • Camera
  • Distributed Control Systems
  • Industrial Robotics
  • Condition Monitoring
  • RFID
  • Yield Monitor
  • GPS/GNSS
  • Other Technologies



Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

  • Data Management Solutions for Analytics
  • Smart Robotics
  • Distribution Management System
  • Manufacturing Execution System (MES)
  • Asset and Resource Optimization
  • Product Lifecycle Management
  • Remote Monitoring
  • Retail Management System
  • Predictive Maintenance
  • Other Applications



Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.

  • Manufacturing Industry
  • Automotive & Transportation
  • Energy and Utilities
  • Healthcare
  • Oil & Gas
  • Agriculture
  • Metal and Mining
  • Retail Industry
  • Other Industry Verticals



Geographically, the following regions together with the listed national/local markets are fully investigated:

  • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
  • North America (U.S., Canada, and Mexico)
  • South America (Brazil, Chile, Argentina, Rest of South America)
  • MEA (UAE, Saudi Arabia, South Africa)


For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Offering and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global industrial IoT market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
ABB Ltd.
A.P Moller-Maersk A/S
Accenture plc
AT&T INC.
CATERPILLAR INC.
Cisco Systems Inc.
FANUC CORPORATION
GE Digital
HCL Technologies Limited
Hitachi Vantara Corporation
IBM
Intel Corporation
KUKA AG
MAVERICK Technologies, LLC.
ORANGE
PTC Inc.
Robert Bosch GmbH
Rockwell Automation, Inc.
Siemens AG
Tata Communications
Telia Company
Verizon Communications Inc.
Vodafone Group Plc
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)