Global Internet of Things (IoT) Market in Manufacturing Size and Forecast by Component Type, Connectivity Technology, Application, Manufacturing Industry and Region: 2019-2034

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Industry Findings: Manufacturers continue deploying connected industrial infrastructure to improve production visibility, reduce downtime, and strengthen supply chain responsiveness across factory operations. Industrial IoT platforms increasingly support predictive maintenance, machine performance monitoring, and energy optimization as manufacturers respond to labor shortages and operational cost pressure. Smart factory adoption has also accelerated because enterprises seek faster production flexibility and higher asset utilization across digitally integrated facilities. In 2025, the European Union continued implementation activities tied to the Net-Zero Industry Act, which supports advanced industrial digitization, resilient manufacturing infrastructure, and strategic technology deployment across regional production ecosystems. Our findings indicate that industrial modernization policies are increasing enterprise investment in connected sensors, edge analytics systems, and AI-enabled manufacturing operations across multiple industrial sectors.

Industry Player Insights: Siemens, Rockwell Automation, Honeywell International, Schneider Electric, and Bosch Rexroth operate prominently across the Global Internet of Things (IoT) Market in Manufacturing. Siemens expanded industrial AI and automation capabilities during 2024 through additional integrations across its Industrial Operations X portfolio supporting connected factory management and predictive industrial analytics. In another competitive development, Rockwell Automation strengthened smart manufacturing deployments during 2024 through expanded industrial IoT and edge-computing solutions designed to improve real-time production visibility and operational efficiency for manufacturers. Vendors increasingly differentiate themselves through integrated industrial software ecosystems, predictive analytics, and connected production orchestration capabilities.