IoT in Manufacturing Market is estimated to be valued at USD 278.69 Bn in 2025 and is expected to reach USD 909.04 Bn by 2032, growing at a compound annual growth rate (CAGR) of 18.4% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 278.69 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
18.40%
2032 Value Projection:
USD 909.04 Bn
Managing a manufacturing business requires balancing the need to optimize production while keeping costs down. IoT helps manufacturers increase efficiency by making data-driven decisions in real-time to improve product quality and reduce commercial distribution of defective products, resulting in happier customers and increased profitability. The Internet of Things (IoT) is transforming many industries, and manufacturers are no exception. IoT in manufacturing is changing the way that businesses operate, reducing operating expenses and increasing production quality. IoT technologies can automate workflows, track inventory, and monitor machine health to improve productivity and reduce costs. This can increase the number of goods a manufacturer can produce and decrease the amount of wasted resources.
Market Dynamics:
Sustained economic expansion, rising young workforce and the growing adoption of smartphones and tablets for business purposes is expected to augment growth of the global IoT in manufacturing market over the forecast period. Moreover, the increasing infusion of automation in industries and government initiatives to promote technology uptake are fueling market growth.
However, the lack of a skilled workforce has been hindering the implementation and advancement of industrialization in emerging economies. This is expected to hamper growth of the global IoT in manufacturing market over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global IoT in manufacturing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global IoT in manufacturing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Cisco Systems Inc., SAP SE, General Electric, Microsoft Corporation, Intel Corporation, Siemens AG, IBM Corporation, Qualcomm, Verizon Communication Inc., and AT&T Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global IoT in manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global IoT in manufacturing market
Detailed Segmentation:
Global IoT in Manufacturing Market, By Software
Application Security Software
Data Management and Analytics Software
Monitoring Software
Network Management
Other Software Types
Global IoT in Manufacturing Market, By Connectivity
Satellite Network
Cellular Network
RFID
NFC
Wi-Fi
Other Connectivity Types
Global IoT in Manufacturing Market, By Services
Professional Services
Managed Services
Global IoT in Manufacturing Market, By Application
Process Optimization
Predictive Maintenance
Asset Management
Workforce Management
Emergency and Incident Management
Logistics and Supply Chain Management
Inventory Management
Global IoT in Manufacturing Market, By End-User Industry
Automotive Manufacturing
Food and Agriculture Equipment Manufacturing
Industrial Equipment Manufacturing
Electronics and Communication Equipment Manufacturing
Chemicals and Materials Equipment Manufacturing
Other End-user Industries
Global IoT in Manufacturing Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Cisco Systems Inc.
General Electric
Intel Corporation
IBM Corporation
Verizon Communication Inc.
AT&T Inc.
Qualcomm
Siemens AG
Microsoft Corporation
SAP SE
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Software
Market Snapshot, By Connectivity
Market Snapshot, By Services
Market Snapshot, By Application
Market Snapshot, By End User Industry
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing technological developments in data analytics
Constant evolution of value chain
Restraints
Security concerns
Lack of infrastructure, capital, and awareness
Opportunities
Growing demand for predictive maintenance and centralized monitoring
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global IoT in Manufacturing Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global IoT in Manufacturing Market, By Software, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Application Security Software
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Data Management and Analytics Software
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Monitoring Software
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Network Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2028-2032,(US$ Bn)
Other Software Types
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2028-2032,(US$ Bn)
6. Global IoT in Manufacturing Market, By Connectivity, 2028-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Satellite Network
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Cellular Network
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
RFID
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
NFC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Wi-Fi
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Other Connectivity Types
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global IoT in Manufacturing Market, By Services, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Professional Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Managed Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
8. Global IoT in Manufacturing Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Process Optimization
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Predictive Maintenance
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Asset Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Workforce Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Emergency and Incident Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Logistics and Supply Chain Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Inventory Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
9. Global IoT in Manufacturing Market, By End User Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021- 2032
Segment Trends
Automotive Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Food and Agriculture Equipment Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Industrial Equipment Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Electronics and Communication Equipment Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Chemicals and Materials Equipment Manufacturing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Other End-user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
10. Global IoT in Manufacturing Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2020 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2025-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Services, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Services, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Services, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Services, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Software, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Services, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)