IoT in Manufacturing Market 2025 to 2034
IoT in Manufacturing Market 2025 to 2034
IoT in Manufacturing Market (By Component: Software, Services; By Solution: Data Management, Network Management, Device Management, Connectivity Management Platform, Application Management, Smart Surveillance; By Connectivity: Satellite Network, Cellular Network, Near Field Communication (NFC), Others; By Deployment Mode: On-premises, Cloud; By Organization Size; By Service; By Vertical; By Application) Industry Size, Share, Growth, Trends 2025 to 2034.
Customisation Request
Revenue, 2025
USD 72.85 Bn
Forecast Year, 2034
USD 181.86 Bn
CAGR, 2025 - 2034
10.70%
Report Coverage
Worldwide
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Published By
Deepa Pandey
Reviewed By
Aditi Shivarkar
Reviewed By
Aman Singh
The global IoT in Manufacturing market, valued at USD 72.85 billion in 2025, is projected to reach USD 181.86 billion by 2034, growing at a CAGR of 10.7%, driven by smart factory adoption, real-time data analytics, and industrial automation trends.
IoT in Manufacturing Market Size Analysis
IoT in Manufacturing Market Size Component 2025 to 2034 (USD Billion)
| Component | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Software | 24.54 | 27.43 | 29.77 | 33.40 | 36.49 | 39.96 | 43.73 | 50.44 | 55.50 | 61.45 |
| Services | 48.31 | 53.21 | 59.50 | 65.43 | 72.91 | 81.15 | 90.33 | 97.97 | 108.79 | 120.42 |
IoT in Manufacturing Market Size Solution 2025 to 2034 (USD Billion)
| Solution | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Data Management | 3.39 | 3.91 | 4.37 | 4.84 | 5.19 | 5.85 | 6.33 | 6.95 | 7.62 | 8.76 |
| Network Management | 6.88 | 7.75 | 8.40 | 9.54 | 10.55 | 11.66 | 12.81 | 14.20 | 15.76 | 17.35 |
| Device Management | 10.55 | 11.47 | 12.75 | 14.02 | 15.57 | 17.31 | 18.99 | 21.26 | 23.59 | 25.89 |
| Connectivity Management Platform | 13.93 | 15.29 | 17.08 | 18.74 | 20.95 | 22.98 | 25.59 | 28.17 | 31.41 | 34.86 |
| Application Management | 17.32 | 19.17 | 21.19 | 23.44 | 25.98 | 28.80 | 31.92 | 35.41 | 39.07 | 43.08 |
| Smart Surveillance | 20.78 | 23.04 | 25.48 | 28.26 | 31.16 | 34.51 | 38.42 | 42.42 | 46.83 | 51.93 |
IoT in Manufacturing Market Size Connectivity 2025 to 2034 (USD Billion)
| Connectivity | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Satellite Network | 7.44 | 8.06 | 8.86 | 10.15 | 11.10 | 12.30 | 13.26 | 14.73 | 16.20 | 18.05 |
| Cellular Network | 14.67 | 16.08 | 17.99 | 19.51 | 21.81 | 24.22 | 26.95 | 30.08 | 33.09 | 36.81 |
| Near Field Communication (NFC) | 21.62 | 24.26 | 26.78 | 29.80 | 33.03 | 35.98 | 40.18 | 44.57 | 49.33 | 54.18 |
| Others | 29.12 | 32.24 | 35.64 | 39.36 | 43.46 | 48.61 | 53.67 | 59.02 | 65.68 | 72.84 |
IoT in Manufacturing Market Size Deployment Mode 2025 to 2034 (USD Billion)
| Deployment Mode | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| On-premises | 23.86 | 26.80 | 30.40 | 32.95 | 36.14 | 39.97 | 44.31 | 49.06 | 54.63 | 61.49 |
| Cloud | 48.99 | 53.84 | 58.87 | 65.88 | 73.26 | 81.14 | 89.75 | 99.35 | 109.66 | 120.38 |
IoT in Manufacturing Market Size Organization Size 2025 to 2034 (USD Billion)
| Organization Size | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Small and Medium Enterprises | 24.35 | 26.64 | 29.94 | 32.34 | 36.30 | 40.82 | 43.95 | 48.68 | 55.25 | 61.27 |
| Large Enterprises | 48.50 | 54.00 | 59.33 | 66.49 | 73.10 | 80.29 | 90.11 | 99.73 | 109.04 | 120.60 |
IoT in Manufacturing Market Size Service 2025 to 2034 (USD Billion)
| Service | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Managed services | 24.04 | 26.87 | 30.18 | 32.53 | 35.80 | 39.52 | 44.46 | 49.39 | 53.98 | 60.92 |
| Professional services | 48.81 | 53.77 | 59.09 | 66.30 | 73.60 | 81.59 | 89.60 | 99.02 | 110.31 | 120.95 |
IoT in Manufacturing Market Size Vertical 2025 to 2034 (USD Billion)
| Vertical | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Process manufacturing | 24.55 | 26.69 | 30.07 | 32.93 | 37.19 | 40.07 | 44.40 | 49.82 | 54.68 | 60.27 |
| Discrete manufacturing | 48.30 | 53.95 | 59.20 | 65.90 | 72.21 | 81.04 | 89.66 | 98.59 | 109.61 | 121.60 |
IoT in Manufacturing Market Size Application 2025 to 2034 (USD Billion)
| Application | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| Predictive Maintenance | 3.42 | 3.86 | 4.33 | 4.64 | 5.22 | 5.76 | 6.26 | 6.94 | 7.83 | 8.41 |
| Asset Performance Management | 6.98 | 7.72 | 8.46 | 9.38 | 10.34 | 11.60 | 12.58 | 14.23 | 15.77 | 17.26 |
| Quality Management | 10.44 | 11.46 | 12.85 | 14.01 | 15.61 | 17.20 | 19.25 | 21.35 | 23.29 | 26.17 |
| Cognitive Process & Operations Management | 13.86 | 15.36 | 16.91 | 18.94 | 20.86 | 23.16 | 25.67 | 28.15 | 31.36 | 34.60 |
| Supply Chain Management | 17.33 | 19.20 | 21.17 | 23.61 | 26.14 | 28.75 | 32.07 | 35.44 | 39.15 | 43.35 |
| Others | 20.82 | 23.04 | 25.56 | 28.24 | 31.22 | 34.63 | 38.23 | 42.30 | 46.89 | 52.08 |
IoT in Manufacturing Market Size Region 2025 to 2034 (USD Billion)
| Region | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4.94 | 5.29 | 6.04 | 6.47 | 7.24 | 8.02 | 9.07 | 10.01 | 10.87 | 12.39 |
| Europe | 9.81 | 10.84 | 11.96 | 13.37 | 14.72 | 16.35 | 17.60 | 19.49 | 22.08 | 24.34 |
| Asia Pacific | 14.53 | 16.08 | 17.83 | 19.75 | 21.77 | 24.14 | 26.98 | 29.50 | 32.78 | 36.60 |
| Latin America | 19.29 | 21.60 | 23.79 | 26.31 | 29.26 | 32.08 | 35.68 | 39.78 | 43.87 | 48.20 |
| Middle East and Africa | 24.28 | 26.83 | 29.64 | 32.93 | 36.41 | 40.52 | 44.73 | 49.62 | 54.69 | 60.34 |
IoT in Manufacturing Market Size to Surpass USD 181.86 Billion by 2034
The global iot in manufacturing market size was evaluated at USD 72.85 billion in 2025 and is expected to grow around USD 181.86 billion by 2034 a CAGR of 10.7%.
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