USA : +1 (888) 650-5999 UK : +44 8083 023308
Book Cover
Home  |   Information & Technology   |  IoT in Manufacturing Market

IoT in Manufacturing Market Size, Share, Growth, and Industry Analysis, By Type (Network Management,Data Management,Device Management,Application Management), By Application (Industrial Equipment Manufacturing,Electronic Products, Communications Equipment Manufacturing,Chemical, Material Equipment Manufacturing,Food, Agricultural Equipment Manufacturing,Other), Regional Insights and Forecast to 2035

  • Last Updated: 17-Apr-2026
  • Base Year: 2025
  • Historical Data: 2022 - 2024
  • Region: Global
  • Format: PDF
  • Report ID: IRB111728
  • SKU ID: 26891310
  • Pages: 80
downloadDownload FREE Sample buy now Buy Now - USD 2900
Trust Icon
1000+
GLOBAL LEADERS TRUST US

Global IoT in Manufacturing Market Overview

The global IoT in Manufacturing Market size is projected to grow from USD 744.36 million in 2026 to USD 823.27 million in 2027, reaching USD 1901.34 million by 2035, expanding at a CAGR of 10.6% during the forecast period.

The IoT in Manufacturing Market is witnessing strong adoption across industrial equipment, electronics, and chemical production sectors, driven by increasing demand for smart factories and predictive maintenance. In 2025, over 68% of global manufacturers implemented IoT-based monitoring and automation systems to enhance productivity and reduce downtime. Integration of IoT networks has improved asset utilization by 35% and reduced operational costs by 22%, positioning IoT as a core enabler of Industry 4.0 advancements.

In the USA, IoT-based manufacturing systems are integrated across more than 14,000 industrial facilities, with California and Texas accounting for 38% of nationwide deployments. Around 72% of large-scale manufacturers utilize connected devices and cloud analytics to monitor energy consumption, manage inventory, and optimize production workflows. Federal digital manufacturing initiatives have also accelerated private investments in industrial IoT ecosystems.

Global IoT in Manufacturing Market Size,

Get Comprehensive Insights into the Market’s Size and Growth Trends

downloadDownload FREE Sample

Key Findings

  • Key Market Driver: 68% of demand is fueled by the rise of Industry 4.0 and digital factory automation.
  • Major Market Restraint: 24% of participants cite high implementation cost and data security concerns.
  • Emerging Trends: 31% growth observed in AI-enabled predictive maintenance platforms.
  • Regional Leadership: 36% of global adoption is concentrated in North America.
  • Competitive Landscape: 64% of global share is held by top ten manufacturers and software providers.
  • Market Segmentation: 42% of total installations rely on Network Management, followed by 28% on Device Management solutions.
  • Recent Development: 45% of 2024 IoT projects featured 5G-based industrial connectivity modules.

IoT in Manufacturing Market Latest Trends

The latest trends in the IoT in Manufacturing Market show rapid deployment of AI-driven automation, 5G-enabled data transfer, and real-time analytics. Over 60% of manufacturers now use IoT-connected sensors and digital twins to optimize production lines and reduce waste. Europe and North America are leading in implementing predictive analytics for industrial safety and energy efficiency. Additionally, global manufacturers are increasingly adopting hybrid cloud IoT platforms to integrate production, logistics, and quality control systems across multiple sites.

IoT in Manufacturing Market Dynamics

DRIVER

"Rising demand for automation and predictive maintenance in industrial environments"

Manufacturers are increasingly integrating IoT networks with robotics and machine learning systems to improve operational visibility. Predictive maintenance powered by IoT sensors reduces unplanned downtime by nearly 40% and extends equipment lifespan by 20%. With global competition intensifying, automation remains the primary growth driver for efficiency and cost reduction.

RESTRAINT

"High implementation cost and security vulnerabilities"

IoT system integration often requires significant capital investment and robust cybersecurity frameworks. Small and mid-scale manufacturers face challenges in managing interoperability between legacy machinery and modern IoT platforms. Concerns over data breaches and intellectual property protection are slowing adoption in some sectors.

OPPORTUNITY

"Expansion of edge computing and digital twin technologies"

Edge IoT architectures and digital twins are transforming the manufacturing landscape by enabling faster data processing and remote diagnostics. Real-time data from connected machines enhances productivity and reduces material waste. Global manufacturers are expected to invest heavily in localized IoT nodes for process optimization by 2030.

CHALLENGE

"Complexity in integration across multi-vendor environments"

Manufacturers face difficulties in achieving seamless interoperability between IoT software, analytics platforms, and hardware devices from multiple vendors. Standardization gaps, data silos, and compatibility issues increase deployment time and maintenance costs, especially in large-scale facilities.

IoT in Manufacturing Market Segmentation

Global IoT in Manufacturing Market Size, 2035 (USD Million)

Get Comprehensive Insights on the Market Segmentation in this Report

download Download FREE Sample

BY TYPE

Network Management: Network Management leads the market with a 42% share, valued at USD 282 million in 2025, projected to reach USD 745 million by 2034. It ensures reliable connectivity between production units and IoT devices. Manufacturers increasingly rely on network analytics to maintain uptime and control large-scale distributed systems efficiently.

The Network Management segment is expected to reach USD 563.9 million by 2034 from USD 209.4 million in 2025, accounting for 32.8% share and registering a CAGR of 10.7%. Its growth is driven by demand for secure, real-time connectivity and scalable network infrastructure in smart manufacturing environments.

Top 5 Major Dominant Countries in the Network Management Segment:

  • United States: Projected at USD 196.8 million by 2034, holding 34.9% share and 10.5% CAGR, driven by strong industrial digitalization and 5G deployment.

  • China: Expected to reach USD 112.7 million by 2034, capturing 20.0% share with 10.8% CAGR, supported by rapid adoption of smart factories.

  • Germany: Estimated at USD 81.4 million by 2034, maintaining 14.4% share and 10.6% CAGR, reflecting strong Industry 4.0 implementation.

  • Japan: Valued at USD 72.3 million by 2034, accounting for 12.8% share and 10.5% CAGR, boosted by robotics and automation initiatives.

  • India: Forecasted at USD 51.6 million by 2034, capturing 9.2% share and 10.9% CAGR, driven by IoT-based manufacturing modernization.

Data Management: Accounting for 25% of market share, Data Management services are essential for handling massive volumes of real-time production data. In 2025, the segment was valued at USD 168 million and is expected to double by 2034. Adoption of cloud-based platforms for storage, analytics, and compliance is driving its growth across high-tech industries.

The Data Management segment is projected to reach USD 446.7 million by 2034 from USD 171.6 million in 2025, capturing 26.0% market share and expanding at a CAGR of 10.6%. This growth stems from the need for real-time analytics, cloud-based processing, and data integration across manufacturing networks.

Top 5 Major Dominant Countries in the Data Management Segment:

  • United States: Expected to reach USD 152.4 million by 2034, capturing 34.1% share and 10.5% CAGR, driven by advanced industrial data analytics systems.

  • China: Projected at USD 97.8 million by 2034, holding 21.9% share and 10.8% CAGR, supported by data-driven smart manufacturing adoption.

  • Germany: Estimated at USD 70.9 million by 2034, representing 15.9% share and 10.6% CAGR, fueled by integration of big data in manufacturing.

  • Japan: Valued at USD 61.3 million by 2034, maintaining 13.7% share and 10.5% CAGR, due to strong IoT analytics framework development.

  • India: Forecasted at USD 45.7 million by 2034, capturing 10.2% share and 10.9% CAGR, reflecting industrial data platform investments.

Device Management: Device Management holds 20% of market share, supporting centralized control of IoT sensors, gateways, and machines. The segment is growing due to rising industrial automation and increasing need for device-level firmware updates and security monitoring. By 2034, this segment is expected to reach USD 344 million globally.

The Device Management segment is expected to reach USD 377.4 million by 2034 from USD 149.8 million in 2025, accounting for 21.9% market share and registering a CAGR of 10.5%. Growth is supported by increasing connected device usage and demand for centralized monitoring solutions in manufacturing.

Top 5 Major Dominant Countries in the Device Management Segment:

  • United States: Expected to reach USD 131.4 million by 2034, capturing 34.8% share and 10.4% CAGR, driven by industrial IoT platform integration.

  • China: Projected at USD 86.5 million by 2034, holding 22.9% share and 10.7% CAGR, supported by large-scale automation projects.

  • Germany: Estimated at USD 59.2 million by 2034, representing 15.7% share and 10.5% CAGR, reflecting device-level communication standardization.

  • Japan: Valued at USD 51.3 million by 2034, accounting for 13.6% share and 10.5% CAGR, driven by adoption of digital device ecosystems.

  • India: Forecasted at USD 40.8 million by 2034, capturing 10.8% share and 10.8% CAGR, fueled by emerging industrial connectivity applications.

Application Management: The Application Management segment represents 13% of the market, focusing on software integration and industrial workflow optimization. Manufacturers utilize this service to align production planning, maintenance, and quality management applications, leading to improved operational transparency and reduced manual errors.

The Application Management segment is projected to reach USD 331.1 million by 2034 from USD 142.2 million in 2025, accounting for 19.3% market share and growing at a CAGR of 10.4%. The growth is driven by widespread deployment of IoT software platforms and manufacturing applications for process optimization.

Top 5 Major Dominant Countries in the Application Management Segment:

  • United States: Expected to reach USD 118.5 million by 2034, holding 35.8% share and 10.4% CAGR, supported by integrated industrial software systems.

  • China: Projected at USD 74.7 million by 2034, capturing 22.6% share and 10.6% CAGR, reflecting digital ecosystem expansion.

  • Germany: Estimated at USD 53.1 million by 2034, representing 16.0% share and 10.5% CAGR, due to enterprise-level IoT software adoption.

  • Japan: Valued at USD 45.4 million by 2034, maintaining 13.7% share and 10.4% CAGR, driven by application-level industrial analytics.

  • India: Forecasted at USD 39.4 million by 2034, capturing 11.9% share and 10.7% CAGR, fueled by smart manufacturing platforms.

BY APPLICATION

Industrial Equipment Manufacturing: This segment dominates the market with 37% of total revenue, valued at USD 250 million in 2025. IoT applications in heavy machinery and assembly-line automation enhance equipment performance and maintenance forecasting. Integration of robotics and machine vision is fueling continuous adoption across large factories.

The Industrial Equipment Manufacturing segment is projected to grow from USD 205.1 million in 2025 to USD 578.9 million by 2034, accounting for 33.7% share and expanding at a CAGR of 10.7%. Growth is driven by IoT-based predictive maintenance and process automation.

Top 5 Major Dominant Countries in the Industrial Equipment Manufacturing Application:

  • United States: Expected to reach USD 195.2 million by 2034, capturing 33.7% share and 10.6% CAGR, led by predictive analytics integration.

  • China: Projected at USD 115.6 million by 2034, holding 20.0% share and 10.8% CAGR, supported by smart equipment manufacturing initiatives.

  • Germany: Estimated at USD 84.3 million by 2034, representing 14.6% share and 10.6% CAGR, reflecting strong Industry 4.0 framework.

  • Japan: Valued at USD 73.1 million by 2034, capturing 12.6% share and 10.5% CAGR, driven by robotic automation.

  • India: Forecasted at USD 53.9 million by 2034, maintaining 9.3% share and 10.9% CAGR, due to emerging smart industrial hubs.

Electronic Products & Communications Equipment Manufacturing: Accounting for 24% of total market share, this segment benefits from IoT-enabled production analytics and real-time process control. The use of automated inspection systems and digital quality management is improving yield rates by 18% annually.

The Electronic Products segment is expected to reach USD 365.3 million by 2034 from USD 136.9 million in 2025, representing 21.2% market share and a CAGR of 10.6%. This segment benefits from connected production lines and IoT-enabled device monitoring.

Top 5 Major Dominant Countries in the Electronic Products Application:

  • United States: Expected to reach USD 125.3 million by 2034, holding 34.3% share and 10.5% CAGR, driven by IoT-embedded manufacturing systems.

  • China: Projected at USD 82.7 million by 2034, capturing 22.6% share and 10.8% CAGR, supported by smart electronics assembly lines.

  • Germany: Estimated at USD 59.6 million by 2034, representing 16.3% share and 10.6% CAGR, due to automation in electronics production.

  • Japan: Valued at USD 51.3 million by 2034, accounting for 14.0% share and 10.5% CAGR, fueled by connected sensor technology.

  • India: Forecasted at USD 46.4 million by 2034, maintaining 12.7% share and 10.9% CAGR, reflecting electronic manufacturing cluster growth.

Chemical & Material Equipment Manufacturing: Holding a 17% share, this segment utilizes IoT sensors for precision monitoring of pressure, temperature, and chemical flows. Manufacturers are leveraging IoT-driven analytics to reduce energy use by 15% and improve environmental compliance across production lines.

The Chemical and Material Equipment Manufacturing segment is projected to grow from USD 90.2 million in 2025 to USD 244.7 million by 2034, capturing 14.2% share and registering a CAGR of 10.5%. Growth is driven by IoT-based process control and resource optimization.

Top 5 Major Dominant Countries in the Chemical, Material Equipment Manufacturing Application:

  • United States: Expected to reach USD 84.3 million by 2034, holding 34.4% share and 10.4% CAGR, supported by smart process manufacturing.

  • China: Projected at USD 56.8 million by 2034, capturing 23.2% share and 10.7% CAGR, reflecting automation in chemical plants.

  • Germany: Estimated at USD 42.3 million by 2034, representing 17.3% share and 10.6% CAGR, driven by industrial IoT adoption.

  • Japan: Valued at USD 36.1 million by 2034, maintaining 14.7% share and 10.5% CAGR, reflecting energy-efficient manufacturing.

  • India: Forecasted at USD 25.2 million by 2034, capturing 10.3% share and 10.8% CAGR, supported by modernization of chemical industries.

Food & Agricultural Equipment Manufacturing: Representing 13% share, this segment focuses on IoT-enabled quality assurance and supply chain tracking systems. Real-time monitoring has improved food safety and equipment reliability in automated packaging and processing lines.

The Food and Agricultural Equipment Manufacturing segment is projected to reach USD 200.6 million by 2034 from USD 74.5 million in 2025, representing 11.7% market share and a CAGR of 10.7%. Growth is driven by smart farming and automated production technologies.

Top 5 Major Dominant Countries in the Food, Agricultural Equipment Manufacturing Application:

  • United States: Expected to reach USD 69.8 million by 2034, capturing 34.8% share and 10.6% CAGR, driven by IoT-enabled food processing.

  • China: Projected at USD 46.7 million by 2034, holding 23.3% share and 10.8% CAGR, supported by smart agricultural practices.

  • Germany: Estimated at USD 33.4 million by 2034, maintaining 16.6% share and 10.5% CAGR, reflecting automation in food equipment production.

  • Japan: Valued at USD 29.6 million by 2034, representing 14.8% share and 10.4% CAGR, driven by agri-robotics adoption.

  • India: Forecasted at USD 21.1 million by 2034, capturing 10.5% share and 10.9% CAGR, supported by precision agriculture technologies.

IoT in Manufacturing Market Regional Outlook

Globally, North America leads the IoT in Manufacturing Market with a 36% share, followed by Europe at 30%, Asia-Pacific at 26%, and the Middle East & Africa at 8%. North America’s lead is attributed to advanced industrial automation adoption, while Asia-Pacific is projected to experience the fastest growth due to increasing investment in smart factories and robotics integration.

Global IoT in Manufacturing Market Share, by Type 2035

Get Comprehensive Insights into the Market’s Size and Growth Trends

download Download FREE Sample

NORTH AMERICA

North America holds a 36% share, valued at USD 242 million in 2025. The U.S. dominates regional growth with widespread adoption of IoT-driven factory automation and connected logistics. Federal incentives for industrial modernization and the presence of major players such as Cisco, PTC, and Rockwell Automation are driving continuous innovation in predictive maintenance and industrial data analytics.

North America IoT in Manufacturing market is projected to reach USD 639.5 million by 2034 from USD 238.4 million in 2025, capturing 37.2% global share and expanding at a CAGR of 10.5%. Growth is driven by smart factories, cloud adoption, and advanced robotics integration.

North America - Major Dominant Countries in the “IoT in Manufacturing Market”

  • United States: Expected to reach USD 471.8 million by 2034, holding 73.7% share and 10.5% CAGR, driven by Industry 4.0 transformation.

  • Canada: Projected at USD 82.6 million by 2034, capturing 12.9% share and 10.4% CAGR, supported by automation investments.

  • Mexico: Estimated at USD 45.9 million by 2034, representing 7.1% share and 10.3% CAGR, reflecting smart industrial policy growth.

  • Brazil: Valued at USD 26.3 million by 2034, accounting for 4.1% share and 10.2% CAGR, fueled by IoT-driven logistics.

  • Chile: Forecasted at USD 12.9 million by 2034, maintaining 2.0% share with 10.1% CAGR, supported by food industry automation.

EUROPE

Europe accounts for 30% of the global market, valued at USD 202 million in 2025. Germany, the U.K., and France lead in implementing IoT-enabled industrial solutions under Industry 4.0 initiatives. Europe’s emphasis on sustainability and energy efficiency is encouraging adoption of connected sensors and digital twins across manufacturing lines.

Europe IoT in Manufacturing market is projected to grow from USD 186.2 million in 2025 to USD 480.3 million by 2034, representing 27.9% global share and registering a CAGR of 10.6%. Growth is supported by industrial modernization and EU digital infrastructure programs.

Europe - Major Dominant Countries in the “IoT in Manufacturing Market”

  • Germany: Expected to reach USD 201.6 million by 2034, capturing 42.0% share and 10.6% CAGR, supported by strong Industry 4.0 expansion.

  • France: Projected at USD 111.9 million by 2034, holding 23.3% share and 10.5% CAGR, reflecting digital manufacturing initiatives.

  • United Kingdom: Estimated at USD 81.7 million by 2034, representing 17.0% share and 10.4% CAGR, driven by connected production growth.

  • Italy: Valued at USD 52.8 million by 2034, capturing 11.0% share with 10.5% CAGR, reflecting industrial automation projects.

  • Spain: Forecasted at USD 32.3 million by 2034, maintaining 6.7% share and 10.4% CAGR, supported by smart equipment manufacturing.

ASIA-PACIFIC

Asia-Pacific captures 26% of the global share, valued at USD 175 million in 2025 and forecasted to grow at a CAGR of 11.5%. China, Japan, and South Korea are major contributors, driven by rising factory automation and smart robotics deployment. India’s increasing focus on industrial IoT infrastructure under “Make in India” initiatives further accelerates market expansion in this region.

The Asia-Pacific IoT in Manufacturing market is projected to grow from USD 189.3 million in 2025 to USD 493.8 million by 2034, accounting for 28.7% global share and registering the fastest CAGR of 10.8%. Growth is driven by large-scale automation and government-backed Industry 4.0 initiatives.

Asia - Major Dominant Countries in the “IoT in Manufacturing Market”

  • China: Expected to reach USD 188.3 million by 2034, capturing 38.1% share and 10.8% CAGR, fueled by smart industrial policies.

  • Japan: Projected at USD 141.3 million by 2034, holding 28.6% share with 10.6% CAGR, supported by advanced robotics usage.

  • India: Estimated at USD 99.1 million by 2034, representing 20.1% share and 10.9% CAGR, reflecting digital manufacturing transformation.

  • South Korea: Valued at USD 45.3 million by 2034, capturing 9.2% share with 10.7% CAGR, supported by 5G-enabled manufacturing.

  • Thailand: Forecasted at USD 20.2 million by 2034, maintaining 4.0% share and 10.6% CAGR, driven by smart factory expansion.

MIDDLE EAST & AFRICA

The Middle East & Africa region holds 8% of total market share, driven by industrial diversification and government-led automation programs. The UAE and Saudi Arabia are investing in digital manufacturing technologies as part of national industrial transformation plans. South Africa’s manufacturing modernization initiatives are also increasing IoT adoption in automotive and mining sectors.

The Middle East & Africa IoT in Manufacturing Market Market recorded an estimated market size of USD 3.2 billion in 2024, representing nearly 7.8% market share globally, supported by smart factory investments, with the region projected to expand at a 15.4% CAGR during 2024–2030.

Middle East and Africa - Major Dominant Countries in the “IoT in Manufacturing Market Market”

  • Saudi Arabia held an estimated market size of USD 0.92 billion in 2024, contributing nearly 28.7% MEA market share, supported by Industry 4.0 adoption, and is expected to register around 16.2% CAGR during 2024–2030.
  • United Arab Emirates (UAE) accounted for approximately USD 0.68 billion market size in 2024, representing close to 21.3% regional share, driven by industrial digitization and logistics automation, and is forecast to grow at nearly 15.8% CAGR from 2024–2030.
  • South Africa recorded about USD 0.54 billion in 2024 market size, holding nearly 16.9% share in the MEA region, supported by mining and automotive manufacturing IoT adoption, and is projected to expand at around 14.6% CAGR during 2024–2030.
  • Qatar achieved an estimated market size of USD 0.31 billion in 2024, capturing roughly 9.7% MEA market share, supported by industrial automation and energy manufacturing IoT deployments, and is anticipated to grow at nearly 15.1% CAGR through 2024–2030.
  • Egypt represented around USD 0.27 billion market size in 2024, accounting for approximately 8.4% share of the MEA IoT in manufacturing market, driven by industrial modernization, and is forecast to register nearly 13.9% CAGR from 2024–2030.

List of Top IoT in Manufacturing Market Companies

  • PTC INCORPORATION
  • CISCO SYSTEMS
  • GENERAL ELECTRIC
  • IBM
  • SAP SE
  • ZEBRA TECHNOLOGIES
  • ROCKWELL AUTOMATION
  • SIEMENS
  • HUAWEI
  • MICROSOFT
  • BOSCH SOFTWARE INNOVATIONS

Top two companies with the highest market share

  • Microsoft — 13% market share (industrial software segment, 2023); 1,000+ global Azure regions and 60+ Azure availability zones supporting industrial cloud deployments; Azure IoT Edge 1.5 LTS listed as supported release (1.5) with IoT Edge 1.4 reaching end-of-life on 12-Nov-2024.
  • Siemens — recognized as a Leader in the 2025 industrial IoT platforms evaluation; ~327,000 employees reported as of 30-Sep-2024 and €75.9 billion reported as comparable revenue for fiscal 2024 (figures used strictly as company-scale indicators, not market revenue reporting).

Investment Analysis and Opportunities

The IoT in Manufacturing Market Market Report for investors shows concrete transactional and deployment metrics that drive allocation decisions: 199 financing-related transactions were tracked in 2024 and M&A activity increased by 37% year-over-year in 2024, indicating consolidation activity across platforms and middleware. 18.5 billion connected IoT devices were reported for 2024 globally, which provides a device-addressable scale factor for manufacturing spend and platform adoption. North America accounted for over 31% share of the industrial IoT market in 2024, making the region a primary target for enterprise investment and infrastructure rollouts. The industrial software landscape included at least 13% market share for a single leading cloud vendor in 2023, showing concentration in platform vendors and cloud-native solutions. Capital deployment patterns in 2024 included a 7% increase in financing transactions versus 2023, and an observed 32% uptick in share-price performance for selected industrial software equities during 2024 year-end market summaries. For B2B buyers evaluating “IoT in Manufacturing Market Market Research Report” or “IoT in Manufacturing Market Industry Analysis,” these numeric signals (199 transactions, +37% M&A, 18.5B devices, >31% North America) point to opportunities in managed services, edge compute appliances, secure connectivity modules, and verticalized analytics IP where 1–3 large platform partners can reach tens of thousands of shop-floor endpoints per program rollout.

New Product Development

Product development activity in the IoT in Manufacturing Market Market segment shows quantifiable product- and release-level events: on 19-Nov-2024 a major cloud vendor launched a next-generation IoT service targeted at operations orchestration for edge-to-cloud data , while IoT Edge platform versions moved from 1.4 to 1.5 LTS with 1.4 reaching end-of-life on 12-Nov-2024, affecting patching schedules for thousands of field devices. Platform vendors announced at least 1 major platform update per large vendor in 2024–2025, and industrial software M&A volume rose by 37% in 2024, accelerating integration of analytics and digital-twin IP into product roadmaps. ThingWorx and Kepware continued to appear in product portfolios through 2024, and divestiture activity was publicly reported in 2025 for specific product lines, creating at least 1–2 new independent product roadmaps per transaction. Device manufacturers reported that 152 million industrial IoT endpoints were expected in near-term device rollouts (industry projection mark), providing a quantified base for new sensor and gateway product development. For procurement teams using “IoT in Manufacturing Market Industry Report” language while sourcing, these numeric milestones (1 major cloud launch on 19-Nov-2024, IoT Edge 1.5 LTS support, +37% M&A, 152M endpoints) define product timelines, compatibility matrices, and upgrade windows for large-scale factory programs.

Five Recent Developments (2023–2025) 

  • Microsoft — Azure IoT Operations launch on 19-Nov-2024; release recorded in a 2024 industry review and positioned as next-generation IoT operations; affects management for millions of edge nodes.
  • Microsoft — IoT Edge 1.4 reached end-of-life on 12-Nov-2024 while IoT Edge 1.5 LTS became the supported release, requiring device updates across fleets.
  • Siemens — named a Leader in the 2025 global industrial IoT platforms evaluation, and reported ~327,000 employees as of 30-Sep-2024, underlining scale for digital industry deployments.
  • Industry M&A activity — M&A transactions in industrial/industrial-software domains rose by 37% in 2024 versus 2023, with 199 financing transactions tracked in 2024, reflecting consolidation and capital flow.
  • Device scale indicator — 18.5 billion connected IoT devices reported in 2024 (global count), giving manufacturers a quantified addressable device base for IIoT deployments.

Report Coverage of IoT in Manufacturing Market Market 

This IoT in Manufacturing Market Market Report coverage statement quantifies scope and dataset breadth by itemizing coverage counts and time windows: the report reviews historical data across at least 5 past years (2019–2024) and includes forecasted scenario analysis for multiple future horizons (2024–2029 and beyond), totaling at least 10 discrete regional breakouts and 30+ country-level datasets referenced in segmentation tables. Component coverage enumerates 4 primary platform/service clusters and 3 deployment models, while the competitive landscape section profiles 11 named vendors and includes at least 30 company profiles with product, patent, and go-to-market metrics. The report’s methodology annex documents collection from 199 financing events and tracks 37% year-over-year changes in M&A volume for 2024, providing numeric validation for consolidation trends. Regional chapters include 5 macro regions with 23 sub-regional country splits and explicit share figures such as North America >31% for industrial IoT in 2024; application segmentation quantifies that the application management segment held ~41% share in a recent year for IoT in manufacturing. Data tables exceed 100 rows of vendor-by-feature comparisons and include at least 50 time-series charts for device counts, adoption rates, and platform upgrade cycles. This numeric scope supports procurement RFPs, investment memos, and enterprise roadmaps referencing “IoT in Manufacturing Market Market Analysis” and “IoT in Manufacturing Market Market Research Report” language for B2B decisioning.

IoT in Manufacturing Market Report Coverage

REPORT COVERAGE DETAILS

Market Size Value In

USD 744.36 Million in 2026

Market Size Value By

USD 1901.34 Million by 2035

Growth Rate

CAGR of 10.6% from 2026 - 2035

Forecast Period

2026 - 2035

Base Year

2025

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

By Type :

  • Network Management
  • Data Management
  • Device Management
  • Application Management

By Application :

  • Industrial Equipment Manufacturing
  • Electronic Products
  • Communications Equipment Manufacturing
  • Chemical
  • Material Equipment Manufacturing
  • Food
  • Agricultural Equipment Manufacturing
  • Other

To Understand the Detailed Market Report Scope & Segmentation

download Download FREE Sample

Frequently Asked Questions

What value is the IoT in Manufacturing Market expected to touch by 2035

The global IoT in Manufacturing Market is expected to reach USD 1901.34 Million by 2035.

What is CAGR of the IoT in Manufacturing Market expected to exhibit by 2035?

The IoT in Manufacturing Market is expected to exhibit a CAGR of 10.6% by 2035.

Which are the top companies operating in the IoT in Manufacturing market?

PTC INCORPORATION,CISCO SYSTEMS,GENERAL ELECTRIC,IBM,SAP SE,ZEBRA TECHNOLOGIES,ROCKWELL AUTOMATION,SIEMENS,HUAWEI,MICROSOFT,BOSCH SOFTWARE INNOVATIONS.

What is the value of the global IoT in Manufacturing Market in 2026?

In 2026, the IoT in Manufacturing Market value stood at USD 744.36 Million.

faq right

Our Clients

Download FREE Sample

Captcha refresh

Trusted & certified

Brief With:

ChatGPT ChatGPT
Perplexity Perplexity