IIOT Platform Market Size, Share, Opportunities, And Trends By Platform Type (Device Management Platform, Application Management Platform, Network Management Platform), By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking And Management, Logistics And Supply Chain Management, Real-Time Workforce Tracking And Management, Automation Control And Management, Emergency And Incident Management, Business Communication), By End-User Industry (Energy And Power, Chemical, Food And Beverage, Automotive, Manufacturing, Semiconductor, Healthcare, Others), And By Geography - Forecasts From 2025 To 2030

IIOT Platform Market Size:

The IIOT platform market is evaluated at US$14,337.571 million in 2025, growing at a CAGR of 10.46%, reaching the market size of US$23,576.857 million by 2030.

Among the elements of the Internet of Things is the Industrial Internet of Things (IIoT). Sensors and instruments are interconnected on the network and incorporated into the computer network for applications. In addition, cloud computing techniques are being used to develop high-trending applications. In this approach, large amounts of data are collected and sent to a cloud-based service, which is combined with other data and made available to end-users. Other factors contributing to the IIoT platform industry’s growth include technological advancements in semiconductors and electronics, increased use of cloud computing platforms, standardization of IPv6, and government support for research and development related to the IIoT platform.

Technological advancements in the developing world and the emergence of big data analytics have fuelled the IIoT platform market expansion in recent years. Furthermore, the development of industry-specific platforms in developed regions and increased demand from the healthcare industry are likely to fuel this market’s growth

IIoT Platform Market Growth Opportunities:

• The rapid adoption of artificial intelligence (AI) and the Internet of Things (IoT) in the manufacturing sector

The manufacturing sector has been advancing rapidly in using AI and IoT. Integrating AI and IoT allows manufacturing processes to be optimized, send early warnings, improve quality control, and predict equipment failure. Manufacturers can differentiate themselves from competitors by collecting precise data and developing innovative AI applications. Manufacturing processes had to be improvised due to movement restrictions, lockdowns, and a lack of a workforce. This resulted in an increase in IoT and AI usage in manufacturing. In the absence of a regular workforce, manufacturing units used AI and machine learning algorithms to track machine conditions and maintain equipment.  

• Increasing demand for Self-driving cars impacts IIoT platform market growth.

The automotive industry is anticipated to undergo a rapid revolution with the advent of autonomous or self-driven trucks and passenger cars. Approximately 1.3 million people die every year as a result of traffic accidents, primarily caused by truck accidents on the highways. Internet of Things (IoT) platforms will be used to develop automated and semi-autonomous trucks and other vehicles that will be able to communicate with each other via data collection and cloud storage. According to a new report from the United Nations Economic Commission for Europe (UNESE), self-driving vehicles can enhance comfort, safety, and efficiency while reducing environmental impacts. This resulted in creating a market for autonomous trucks and other vehicles on an IIoT platform.

• Expanding need for real-time data services and solutions

All industries aim to utilize real-time data insights for better decision-making, predictive maintenance, and operational efficiency. Using IIoT solutions, businesses can improve resource utilization, identify anomalies, and operate efficiently by gathering, analyzing, and visualizing real-time data from connected devices. With increasing business demands for agility and responsiveness, IIoT-based real-time data solutions and services are rising. This is driving innovation and investment in the global IIoT market.

IIoT Platform Market Restraints:

• Technology vulnerabilities to cyberattacks in the IoT

Intelligent manufacturing systems are intertwined with IoT technologies. As a result of interconnected devices across a manufacturing facility, security holes are created throughout the facility, posing a threat to its operation. Hence, it is impossible to know where the data originates or where it ends from a security perspective. As such, data visibility on a factory floor is the greatest cybersecurity challenge in smart manufacturing. For instance, an attack involving DoppelPaymer ransomware occurred at a manufacturing facility owned by Visser Precision, which manufactures space and defense equipment. Upon exploiting vulnerabilities in the system, the hackers leaked sensitive documents and non-disclosure agreements.

IIoT Platform Market Geographical Outlooks:

• North America is witnessing exponential growth during the forecast period

The IIoT market in North America is driven by the broad implementation of Industry 4.0 principles across diverse industries. IIoT platforms are essential for integrating smart devices, sensors, and machines as companies aim for greater automation, connection, and data-driven decision-making. One of the main drivers has been the need for real-time data analytics and insights to maximize operational effectiveness, decrease downtime, and boost overall production. The growing emphasis on supply chain optimization, asset tracking, and predictive maintenance further accelerates the adoption of IIoT platforms in North America.

IIoT Platform Market Key Launches:

• In November  2024, Microsoft's next-generation IoT service, Azure IoT Operations, was released in November 2024. It is a cloud service designed to manage IoT data at scale across the edge and cloud.
• In October  2024, Qualcomm introduced a new line of products with industrial-grade chipsets and on-device AI capable of 100 tera operations per second for extreme IIoT applications. The chipsets are designed to support a variety of high-end, mid-range, and low-end industrial and agricultural use cases and applications. These comprise a high-compute, power-efficient, and highly-tiered portfolio of advanced computer vision edge AI boxes, robots, drones, industrial inspection and automation, and edge gateway analytics products.

IIOT Platform Market Scope:

Report Metric	Details
IIOT Platform Market Size in 2025	US$14,337.571 million
IIOT Platform Market Size in 2030	US$23,576.857 million
Growth Rate	CAGR of 10.46%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Million
Segmentation	Platform Type Application End-User Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the IIOT Platform Market	SAP Hitachi Vantara Corporation Accenture IBM Oracle
Customization Scope	Free report customization with purchase

 

IIOT Platform market is analyzed into the following segments:

• By Platform Type
  • Device Management Platform
  • Application Management Platform
  • Network Management Platform
• By Application
  • Predictive Maintenance
  • Business Process Optimization
  • Asset Tracking and Management
  • Logistics and Supply Chain Management
  • Real-Time Workforce Tracking and Management
  • Automation Control and Management
  • Emergency and Incident Management
  • Business Communication 
• By End-User Industry
  • Energy and Power
  • Chemical
  • Food and Beverage
  • Automotive
  • Manufacturing
  • Semiconductor
  • Healthcare
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • Spain
    • United Kingdom
    • Others
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. IIOT PLATFORM MARKET BY PRODUCT TYPE 

5.1. Introduction

5.2. Device Management Platform

5.3. Application Management Platform

5.4. Network Management Platform

6. IIOT PLATFORM MARKET BY APPLICATION 

6.1. Introduction

6.2. Predictive Maintenance

6.3. Business Process Optimization

6.4. Asset Tracking and Management

6.5. Logistics and Supply Chain Management

6.6. Real-Time Workforce Tracking and Management

6.7. Automation Control and Management

6.8. Emergency and Incident Management

6.9. Business Communication

7. IIOT PLATFORM MARKET BY END-USER INDUSTRY 

7.1. Introduction

7.2. Energy and Power

7.3. Chemical

7.4. Food and Beverage

7.5. Automotive

7.6. Manufacturing

7.7. Semiconductor

7.8. Healthcare

7.9. Others

8. IIOT PLATFORM MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Product Type

8.2.2. By Application

8.2.3. By End-User Industry

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Product Type

8.3.2. By Application

8.3.3. By End-User Industry

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Product Type

8.4.2. By Application

8.4.3. By End-User Industry

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. France

8.4.4.3. Spain

8.4.4.4. United Kingdom

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Product Type

8.5.2. By Application

8.5.3. By End-User Industry

8.5.4. By Country

8.5.4.1. UAE

8.5.4.2. Saudi Arabia

8.5.4.3. Others

8.5.5. By Product Type

8.5.6. By Application

8.5.7. By End-User Industry

8.5.8. By Country

8.5.8.1. China

8.5.8.2. Japan

8.5.8.3. India

8.5.8.4. South Korea

8.5.8.5. Thailand

8.5.8.6. Indonesia

8.5.8.7. Taiwan

8.5.8.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. SAP

10.2. Hitachi Vantara Corporation

10.3. Accenture

10.4. IBM

10.5. Oracle

10.6. ATOS

10.7. Cisco

10.8. Intel

10.9. Emerson Electric Co.

10.10. General Electric

SAP

Hitachi Vantara Corporation

Accenture

IBM

Oracle

ATOS

Cisco

Intel

Emerson Electric Co.

General Electric