Industrial Internet of Things (IIoT) Market Segmentation,

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  Industrial Internet of Things (IIoT) Market Size 2025-2030

  The Industrial Internet of Things (IIoT) Market size was valued at around USD 414.05 billion in 2024 and is expected to reach USD 2334.44 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 33.41% during the forecast period, i.e., 2025-30.

  What are the key market drivers leading to the rise in the adoption of Industrial Internet of Things (IIoT) Market?

  Frequent Deployment of AI, ML, and IoT in the Manufacturing Industry – The adoption of AI & IOT technologies in the manufacturing sector has risen dramatically over the past few years. This is in line with the advent of Industry 4.0. Systems powered by AI & the Internet of Things (IoT), make it possible to optimize manufacturing procedures, give out early warnings, foresee or anticipate equipment or machinery breakdown, and gather comprehensive data, thus helping manufacturers work more fluidly. Additionally, in industrial units, jobs like conditioning monitoring & equipment maintenance are carried out using AI & ML algorithms in the absence of normal personnel. Hence, owing to the listed factors, it is anticipated that the integration of AI, ML, and IoT in the industrial sector would drive the Global Industrial Internet of Things Market in the future years as well.

  How is this Industrial Internet of Things (IIoT) market segmented?

  With predictions and estimations in "USD million" for the years 2025–2030, the Industrial Internet of Things (IIoT) Market research report offers comprehensive data (region-wise segment analysis).

  By Components (Hardware, Software & Services), By Connectivity (Wired Technologies, Wireless Technologies), By Application (Product Lifecycle Management, Manufacturing and Executions Systems, Supervisory Control and Data Acquisition [SCADA], Outage Management Systems, Distribution Management Systems, Remote Monitoring, Retail Management, Transit Management Systems, Predictive Maintenance, Others), By End Users (Manufacturing, Energy, Oil & Gas, Metal & Mining, Healthcare, Retail, Transportation, Agriculture), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Cisco Systems, Inc., GE, Honeywell, Intel, IBM, ABB, Telefonica, Robert Bosch, Rockwell Automation, Siemens, Accenture, Capgemini, Texas Instrument, ARM Holding, PTC, HCL, Maverick, and Others)

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  Geographical Analysis of the Industrial Internet of Things (IIoT) Market

  • North America
  • South America
  • Europe
  • The Middle East and Africa
  • Asia-Pacific

  Asia-Pacific is predicted to hold a significant market share in terms of value during the forthcoming period. The region is a hub for industrial manufacturing, hence is the focal point for several business expansions & investments. With the upgrading & expanding agricultural sector in India, there is an emerging & rising requirement for automated agricultural methods & processes, which would aid in enhancing the growth of the Industrial Internet of Things market in this region. 

  Who Dominates the Industrial Internet of Things (IIoT) Market Insights on Key Industry Players?

  Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  Cisco Systems, Inc., GE, Honeywell, Intel, IBM, ABB, Telefonica, Robert Bosch, Rockwell Automation, Siemens, Accenture, Capgemini, Texas Instrument, ARM Holding, PTC, HCL, Maverick, and Others

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  Recent Development and News in Industrial Internet of Things (IIoT) Market

  • 2025: ABB collaborated with Microsoft to integrate Azure OpenAI Service into its ABB Ability Genix Platform, improving AI analytics for predictive maintenance and reducing equipment downtime by up to 25-30%.

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