Industrial IoT Market Size | Industry Trends & Growth Insights 2025

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA10228

Publication Date: Oct 2025

What is the size of Industrial IoT Market?

According to 6Wresearch internal database and industry insights, the Global Industrial IoT Market was valued at USD 102.3 billion in 2024 and is expected to reach USD 296.2 billion by 2031, growing at a compound annual growth rate of 8.60% during the forecast period (2025-2031).

The leading factors contributing to this expansion include increased utilisation of smart manufacturing, a growing need for predictive maintenance, advancements in artificial intelligence and analytics, and increasing implementations of connected devices in multiple industries for the purposes of improving efficiency, productivity and operational visibility.

View Main Report

Schedule Analyst Call

Growth Factors for Industrial IoT Industry

Growing adoption of connected sensors and automation technologies in manufacturing.
Growing usage of predictive maintenance systems and real-time monitoring.
Growing implementation of edge computing and AI analytics in industrial environments.
Increased digital transformation initiatives across sectors like energy, utilities and logistics.
Increasing enhancements from 5G connectivity are improving data transmission and system integration.

Industrial IoT Market Trends

Industrial IoT Market Trends note that there continues to be greater convergence of IT (information technology) and OT (operational technology) to develop intelligent, ecosystem solutions based on utilising data. Organisations are creating strategies for smart factory initiatives to advance the efficiency of production and to reduce downtime. The use of digital twins, advanced analytics and cloud-based platforms is enhancing the accuracy of decision-making. Cybersecurity and interoperability are now front-and-centre concerns of industry as different IoT systems and solutions are integrating into existing industrial operations.

Emerging Developments in the Industrial IoT Market

The Industrial IoT Market developments include the rise of AI-enabled automation, blockchain-based asset tracking, and edge analytics. Manufacturers are investing in scalable IoT platforms that connect equipment, people, and processes for seamless operations. Strategic alliances between technology providers and industrial players are driving innovation in robotics, smart energy management, and digital supply chains. Additionally, sustainable IoT solutions focused on energy optimisation are gaining traction across manufacturing and infrastructure sectors.