Industry: Service & Software
Published Date: 2025-08-30
Pages: 148 Pages
Report ld: 4942337
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Industrial IoT Software & Hardware Market Size(US$)

CAGR 2025-2031
8.3%
Market Size,2031
USD 376,197
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Industrial IoT Software & Hardware was estimated to be worth US$ 215061 million in 2024 and is forecast to a readjusted size of US$ 376197 million by 2031 with a CAGR of 8.3% during the forecast period 2025-2031.
Industrial IoT (IIoT) software and hardware refer to the interconnected technologies that enable real-time data collection, processing, and analysis within industrial environments. Hardware includes sensors, gateways, edge devices, industrial controllers, and connectivity modules, while software encompasses platforms for device management, data analytics, predictive maintenance, cybersecurity, and integration with enterprise systems. Together, IIoT software and hardware form the foundation for smart manufacturing, asset optimization, and digital transformation across industries.
Upstream involves semiconductor components, sensor manufacturing, communication chips, and embedded systems that provide the physical basis for IIoT devices. Midstream includes device manufacturers, software developers, and platform providers who design and integrate IIoT-enabled products and solutions. Downstream, IIoT software and hardware are deployed across industries such as manufacturing, energy, logistics, oil & gas, and healthcare, enabling industrial enterprises, system integrators, and operators to improve efficiency, safety, and decision-making through connected operations.
North American market for Industrial IoT Software & Hardware was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Industrial IoT Software & Hardware was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Industrial IoT Software & Hardware was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global key companies of Industrial IoT Software & Hardware include ABB, Huawei, Cisco, Bosch Rexroth, Dell, Emerson, Fuji Electric, General Electric, Hitachi, Honeywell, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Industrial IoT Software & Hardware, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Industrial IoT Software & Hardware by region & country, by Type, and by Application.
The Industrial IoT Software & Hardware market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial IoT Software & Hardware.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Industrial IoT Software & Hardware company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Industrial IoT Software & Hardware in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Industrial IoT Software & Hardware in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Industrial IoT Software & Hardware Product Introduction
1.2 Global Industrial IoT Software & Hardware Market Size Forecast (2020-2031)
1.3 Industrial IoT Software & Hardware Market Trends & Drivers
1.3.1 Industrial IoT Software & Hardware Industry Trends
1.3.2 Industrial IoT Software & Hardware Market Drivers & Opportunity
1.3.3 Industrial IoT Software & Hardware Market Challenges
1.3.4 Industrial IoT Software & Hardware Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Industrial IoT Software & Hardware Players Revenue Ranking (2024)
2.2 Global Industrial IoT Software & Hardware Revenue by Company (2020-2025)
2.3 Key Companies Industrial IoT Software & Hardware Manufacturing Base Distribution and Headquarters
2.4 Key Companies Industrial IoT Software & Hardware Product Offered
2.5 Key Companies Time to Begin Mass Production of Industrial IoT Software & Hardware
2.6 Industrial IoT Software & Hardware Market Competitive Analysis
2.6.1 Industrial IoT Software & Hardware Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Industrial IoT Software & Hardware Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial IoT Software & Hardware as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Industrial IoT Software
3.1.2 Industrial IoT Hardware
3.2 Global Industrial IoT Software & Hardware Sales Value by Type
3.2.1 Global Industrial IoT Software & Hardware Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Industrial IoT Software & Hardware Sales Value, by Type (2020-2031)
3.2.3 Global Industrial IoT Software & Hardware Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Food and Beverage
4.1.3 Pharmaceutical
4.1.4 Chemical and Petrochemical
4.1.5 Electronics Manufacturing
4.1.6 Others
4.2 Global Industrial IoT Software & Hardware Sales Value by Application
4.2.1 Global Industrial IoT Software & Hardware Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Industrial IoT Software & Hardware Sales Value, by Application (2020-2031)
4.2.3 Global Industrial IoT Software & Hardware Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Industrial IoT Software & Hardware Sales Value by Region
5.1.1 Global Industrial IoT Software & Hardware Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Industrial IoT Software & Hardware Sales Value by Region (2020-2025)
5.1.3 Global Industrial IoT Software & Hardware Sales Value by Region (2026-2031)
5.1.4 Global Industrial IoT Software & Hardware Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Industrial IoT Software & Hardware Sales Value, 2020-2031
5.2.2 North America Industrial IoT Software & Hardware Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Industrial IoT Software & Hardware Sales Value, 2020-2031
5.3.2 Europe Industrial IoT Software & Hardware Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Industrial IoT Software & Hardware Sales Value, 2020-2031
5.4.2 Asia Pacific Industrial IoT Software & Hardware Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Industrial IoT Software & Hardware Sales Value, 2020-2031
5.5.2 South America Industrial IoT Software & Hardware Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Industrial IoT Software & Hardware Sales Value, 2020-2031
5.6.2 Middle East & Africa Industrial IoT Software & Hardware Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Industrial IoT Software & Hardware Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Industrial IoT Software & Hardware Sales Value, 2020-2031
6.3 United States
6.3.1 United States Industrial IoT Software & Hardware Sales Value, 2020-2031
6.3.2 United States Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Industrial IoT Software & Hardware Sales Value, 2020-2031
6.4.2 Europe Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Industrial IoT Software & Hardware Sales Value, 2020-2031
6.5.2 China Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.5.3 China Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Industrial IoT Software & Hardware Sales Value, 2020-2031
6.6.2 Japan Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Industrial IoT Software & Hardware Sales Value, 2020-2031
6.7.2 South Korea Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Industrial IoT Software & Hardware Sales Value, 2020-2031
6.8.2 Southeast Asia Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Industrial IoT Software & Hardware Sales Value, 2020-2031
6.9.2 India Industrial IoT Software & Hardware Sales Value by Type (%), 2024 VS 2031
6.9.3 India Industrial IoT Software & Hardware Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 ABB
7.1.1 ABB Profile
7.1.2 ABB Main Business
7.1.3 ABB Industrial IoT Software & Hardware Products, Services and Solutions
7.1.4 ABB Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.1.5 ABB Recent Developments
7.2 Huawei
7.2.1 Huawei Profile
7.2.2 Huawei Main Business
7.2.3 Huawei Industrial IoT Software & Hardware Products, Services and Solutions
7.2.4 Huawei Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.2.5 Huawei Recent Developments
7.3 Cisco
7.3.1 Cisco Profile
7.3.2 Cisco Main Business
7.3.3 Cisco Industrial IoT Software & Hardware Products, Services and Solutions
7.3.4 Cisco Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.3.5 Cisco Recent Developments
7.4 Bosch Rexroth
7.4.1 Bosch Rexroth Profile
7.4.2 Bosch Rexroth Main Business
7.4.3 Bosch Rexroth Industrial IoT Software & Hardware Products, Services and Solutions
7.4.4 Bosch Rexroth Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.4.5 Bosch Rexroth Recent Developments
7.5 Dell
7.5.1 Dell Profile
7.5.2 Dell Main Business
7.5.3 Dell Industrial IoT Software & Hardware Products, Services and Solutions
7.5.4 Dell Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.5.5 Dell Recent Developments
7.6 Emerson
7.6.1 Emerson Profile
7.6.2 Emerson Main Business
7.6.3 Emerson Industrial IoT Software & Hardware Products, Services and Solutions
7.6.4 Emerson Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.6.5 Emerson Recent Developments
7.7 Fuji Electric
7.7.1 Fuji Electric Profile
7.7.2 Fuji Electric Main Business
7.7.3 Fuji Electric Industrial IoT Software & Hardware Products, Services and Solutions
7.7.4 Fuji Electric Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.7.5 Fuji Electric Recent Developments
7.8 General Electric
7.8.1 General Electric Profile
7.8.2 General Electric Main Business
7.8.3 General Electric Industrial IoT Software & Hardware Products, Services and Solutions
7.8.4 General Electric Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.8.5 General Electric Recent Developments
7.9 Hitachi
7.9.1 Hitachi Profile
7.9.2 Hitachi Main Business
7.9.3 Hitachi Industrial IoT Software & Hardware Products, Services and Solutions
7.9.4 Hitachi Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.9.5 Hitachi Recent Developments
7.10 Honeywell
7.10.1 Honeywell Profile
7.10.2 Honeywell Main Business
7.10.3 Honeywell Industrial IoT Software & Hardware Products, Services and Solutions
7.10.4 Honeywell Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.10.5 Honeywell Recent Developments
7.11 IBM
7.11.1 IBM Profile
7.11.2 IBM Main Business
7.11.3 IBM Industrial IoT Software & Hardware Products, Services and Solutions
7.11.4 IBM Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.11.5 IBM Recent Developments
7.12 Intel
7.12.1 Intel Profile
7.12.2 Intel Main Business
7.12.3 Intel Industrial IoT Software & Hardware Products, Services and Solutions
7.12.4 Intel Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.12.5 Intel Recent Developments
7.13 JTEKT
7.13.1 JTEKT Profile
7.13.2 JTEKT Main Business
7.13.3 JTEKT Industrial IoT Software & Hardware Products, Services and Solutions
7.13.4 JTEKT Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.13.5 JTEKT Recent Developments
7.14 Keyence
7.14.1 Keyence Profile
7.14.2 Keyence Main Business
7.14.3 Keyence Industrial IoT Software & Hardware Products, Services and Solutions
7.14.4 Keyence Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.14.5 Keyence Recent Developments
7.15 Microsoft
7.15.1 Microsoft Profile
7.15.2 Microsoft Main Business
7.15.3 Microsoft Industrial IoT Software & Hardware Products, Services and Solutions
7.15.4 Microsoft Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.15.5 Microsoft Recent Developments
7.16 Mitsubishi Electric
7.16.1 Mitsubishi Electric Profile
7.16.2 Mitsubishi Electric Main Business
7.16.3 Mitsubishi Electric Industrial IoT Software & Hardware Products, Services and Solutions
7.16.4 Mitsubishi Electric Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.16.5 Mitsubishi Electric Recent Developments
7.17 NEC
7.17.1 NEC Profile
7.17.2 NEC Main Business
7.17.3 NEC Industrial IoT Software & Hardware Products, Services and Solutions
7.17.4 NEC Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.17.5 NEC Recent Developments
7.18 Omron
7.18.1 Omron Profile
7.18.2 Omron Main Business
7.18.3 Omron Industrial IoT Software & Hardware Products, Services and Solutions
7.18.4 Omron Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.18.5 Omron Recent Developments
7.19 Panasonic
7.19.1 Panasonic Profile
7.19.2 Panasonic Main Business
7.19.3 Panasonic Industrial IoT Software & Hardware Products, Services and Solutions
7.19.4 Panasonic Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.19.5 Panasonic Recent Developments
7.20 Rockwell Automation
7.20.1 Rockwell Automation Profile
7.20.2 Rockwell Automation Main Business
7.20.3 Rockwell Automation Industrial IoT Software & Hardware Products, Services and Solutions
7.20.4 Rockwell Automation Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.20.5 Rockwell Automation Recent Developments
7.21 Schneider Electric
7.21.1 Schneider Electric Profile
7.21.2 Schneider Electric Main Business
7.21.3 Schneider Electric Industrial IoT Software & Hardware Products, Services and Solutions
7.21.4 Schneider Electric Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.21.5 Schneider Electric Recent Developments
7.22 Siemens
7.22.1 Siemens Profile
7.22.2 Siemens Main Business
7.22.3 Siemens Industrial IoT Software & Hardware Products, Services and Solutions
7.22.4 Siemens Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.22.5 Siemens Recent Developments
7.23 Toshiba
7.23.1 Toshiba Profile
7.23.2 Toshiba Main Business
7.23.3 Toshiba Industrial IoT Software & Hardware Products, Services and Solutions
7.23.4 Toshiba Industrial IoT Software & Hardware Revenue (US$ Million) & (2020-2025)
7.23.5 Toshiba Recent Developments
8 Industry Chain Analysis
8.1 Industrial IoT Software & Hardware Industrial Chain
8.2 Industrial IoT Software & Hardware Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Industrial IoT Software & Hardware Sales Model
8.5.2 Sales Channel
8.5.3 Industrial IoT Software & Hardware Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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Published: 2026-03-12
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The global Industrial IoT Software & Hardware market was valued at US$ 233800 million in 2025 and is anticipated to reach US$ 404130 million by 2032, at a CAGR of 8.3% from 2026 to 2032.
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The global market for Industrial IoT Software & Hardware was valued at US$ 215061 million in the year 2024 and is projected to reach a revised size of US$ 376197 million by 2031, growing at a CAGR of 8.3% during the forecast period.
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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