IIoT market seen topping $536 billion by 2030

The Business Research Company says the industrial internet of things market is set to exceed $536 billion by 2030 as manufacturers, utilities and other industrial users push deeper into connected operations. Software is expected to lead growth, while Asia-Pacific and the U.S. emerge as the biggest regional and national markets.

Why it matters: - Industrial companies are using IIoT to connect machines, sensors and software for real-time monitoring, predictive maintenance and automated decision-making. - The shift is tied to lower downtime, better resource allocation and lower operating costs. - The market is expanding across software, hardware and services, with strong implications for manufacturing, automation and industrial data infrastructure.

What happened: - The Business Research Company released its Industrial Internet of Things (IIoT) Global Market Report 2026 covering market size, trends and forecasts for 2026-2035. - The report says the IIoT market will surpass $536 billion by 2030. - The report pegs the wider IoT market at about $1,297 billion in 2030, putting IIoT at roughly 41% of the total. - The report says IIoT will represent nearly 4% of the projected $13,788 billion global information technology market in 2030. - The report forecasts a 14% compound annual growth rate for IIoT through 2030. - A free sample report is available. - The full report is also available online.

The details: - Smart manufacturing and Industry 4.0 adoption are adding an estimated 1.5 percentage points to annual market growth. - Predictive maintenance demand is adding about 1.0 percentage point to yearly growth. - Operational efficiency and cost optimization are adding about 0.4 percentage point to annual growth. - IIoT systems are being used for asset tracking, energy management, process optimization and waste reduction. - Plug-and-play sensor platforms are simplifying deployment for industrial monitoring and maintenance. - Henkel Adhesive Technologies launched Loctite Pulse in June 2024, a smart monitoring system using AI-powered analytics and six-parameter sensor data for rotating equipment. - The company says the product helps operators spot wear early, plan maintenance sooner, cut downtime and improve efficiency. - Software is projected to be the largest IIoT component by 2030 at 39% of the market, or $210 billion. - Software growth is being driven by industrial analytics, centralized device management, workflow orchestration, remote operations and condition monitoring tools. - Low-code and no-code development, plus tighter links between operational technology software and ERP and MES systems, are strengthening the software segment. - The market is split into cloud-based, on-premises and hybrid deployment models. - Connectivity spans wired and wireless systems. - End users include information technology and telecommunications, manufacturing, healthcare, retail, oil and gas, energy and power, automotive and other sectors. - The IIoT market is expected to generate more than $259 billion in additional value from 2025 to 2030 across hardware, software and services. - Software is projected to add $130 billion, hardware $59 billion and services $70 billion over that period. - Growth is being fueled by intelligent sensors, industrial gateways, lifecycle management, system integration, industrial data governance and autonomous production environments.

Between the lines: - The market is moderately fragmented, with the top 10 companies holding 21% of revenue in 2025. - High barriers to entry include complex automation requirements, strict cybersecurity standards, interoperability challenges and the need for secure connected infrastructure. - The competitive edge appears to be shifting toward vendors that can combine edge AI, analytics, cloud platforms and industrial integration. - The report implies cybersecurity and interoperability remain major friction points even as industrial connectivity grows. - Microsoft led global IIoT sales in 2025 with a 4% market share. - Other top 2025 players listed in the report include Samsung Electronics, Amazon Web Services, SAP, Oracle, Accenture, Cisco, Dell Technologies, Johnson Controls and Mitsubishi Electric. - Other companies named in the IIoT ecosystem include Huawei Technologies, Hitachi, Emerson Electric, Siemens, IBM, Lenovo, Intel, NEC, Robert Bosch, Honeywell, PTC, Panasonic Holdings, Hewlett Packard Enterprise, Alibaba Cloud and Toshiba. - The report says leading firms are deepening partnerships, expanding regionally and investing in connected automation products.

What's next: - Asia-Pacific is projected to be the largest regional IIoT market by 2030 at $216 billion, up from $104 billion in 2025. - The region is forecast to grow at a 16% CAGR, supported by industrialization, smart factories, 5G infrastructure and government policy support. - The United States is projected to be the largest country market by 2030 at $150 billion, up from $81 billion in 2025. - U.S. growth is tied to connected factory equipment, edge computing, intelligent supply chains, warehouse automation, digital twins and private industrial wireless networks. - The report says regional and national growth will continue to hinge on automation upgrades, predictive maintenance and better industrial connectivity.

The bottom line: - IIoT is moving from a niche industrial technology to a major enterprise market, with software, analytics and predictive maintenance set to capture the biggest share of growth.