Global Industrial Internet Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Service Type;

Installation Services, System Integration, and Other

By Solution Type;

Hardware and Software

By Deployment Mode;

On-Premises and Cloud

By Application;

Predictive Maintenance, Asset Management, Remote Monitoring, Real-Time Workforce Tracking & Management, Emergency & Incident Management, and Others

By End-Users;

Manufacturing, Energy & Utilities, Automotive & Transportation, and Healthcare

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn294466058 Published Date: June, 2025 Updated Date: July, 2025

Industrial Internet Services Market Overview

Industrial Internet Services Market (USD Million)

Industrial Internet Services Market was valued at USD 492,963.05 million in the year 2024. The size of this market is expected to increase to USD 2,123,681.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 23.2%.


Global Industrial Internet Services Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 23.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)23.2 %
Market Size (2024)USD 492,963.05 Million
Market Size (2031)USD 2,123,681.19 Million
Market ConcentrationLow
Report Pages316
492,963.05
2024
2,123,681.19
2031

Major Players

  • General Electric (GE)
  • Siemens AG
  • IBM Corporation
  • Cisco Systems, Inc.
  • Intel Corporation
  • Honeywell International Inc.
  • Rockwell Automation, Inc.
  • ABB Ltd.
  • Schneider Electric SE
  • Microsoft Corporation
  • PTC Inc.
  • SAP SE
  • Hitachi, Ltd.
  • Fujitsu Limited
  • Emerson Electric Co.
  • Bosch Rexroth AG
  • Yokogawa Electric Corporation
  • Oracle Corporation
  • Toshiba Corporation
  • Mitsubishi Electric Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Industrial Internet Services Market

Fragmented - Highly competitive market without dominant players


The Industrial Internet Services Market is seeing rapid development, with smart connectivity solutions contributing to over 35% of its widespread adoption. Industries are adopting real-time data systems, automated monitoring, and predictive analytics to modernize operations. The shift toward digital industrialization is unlocking major opportunities for vendors offering robust and scalable service infrastructures. This momentum is also encouraging the rise of automation-focused strategies to streamline enterprise performance.

Innovation Through Emerging Technologies
More than 42% of industrial services now feature AI-based insights, cloud integration, and edge computing capabilities, showing how deeply technological advancements are influencing market evolution. These smart tools enhance system agility and accuracy, supporting industry-wide growth. Companies investing in R&D are pushing the limits of innovation, designing services that are adaptive and highly efficient. This movement supports a broader expansion of industrial applications across connected platforms.

Shifting to Smart, Insight-Driven Models
Close to 50% of deployments in this market are being guided by advanced analytics, demonstrating a clear pivot toward data-driven service models. Industries are using these insights to predict failures, optimize resources, and elevate operational accuracy. The rising preference for real-time data intelligence is fueling innovation, as enterprises demand more responsive and insightful platforms to support long-term performance and growth.

Outlook Favors Long-Term Growth
With over 55% of enterprises aiming to upgrade to connected industrial services, the future outlook remains strongly positive. Rising interest in smart factories and full-spectrum connectivity is driving the market forward. Organizations are prioritizing integrated service ecosystems that support agility, security, and transparency. As more providers align with these trends, the market is set to experience continuous expansion, deeper collaboration, and transformative technological progress.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Type
    2. Market Snapshot, By Solution Type
    3. Market Snapshot, By Deployment Mode
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Users
    6. Market Snapshot, By Region
  4. Industrial Internet Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Adoption of IoT and Connected Devices
        2. Increasing Focus on Industry 4.0 and Smart Manufacturing
        3. Rising Demand for Predictive Maintenance and Analytics
      2. Restraints
        1. High Initial Implementation Costs
        2. Concerns Over Data Security and Privacy
        3. Lack of Standardization Across Platforms
      3. Opportunities
        1. Expansion of 5G Networks and Advanced Connectivity Solutions
        2. Integration of AI and Machine Learning in Industrial Internet Services
        3. Growing Investments in Digital Transformation by Emerging Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Industrial Internet Services Market, By Service Type, 2021 - 2031 (USD Million)
      1. Installation Services
      2. System Integration
      3. Other
    2. Industrial Internet Services Market, By Solution Type, 2021 - 2031 (USD Million)

      1. Hardware

      2. Software

    3. Industrial Internet Services Market, By Deployment Mode, 2021 - 2031 (USD Million)
      1. On-Premises
      2. Cloud
    4. Industrial Internet Services Market, By Application, 2021 - 2031 (USD Million)
      1. Predictive Maintenance
      2. Asset Management
      3. Remote Monitoring
      4. Real-Time Workforce Tracking and Management
      5. Emergency and Incident Management
      6. Others
    5. Industrial Internet Services Market, By End-Users, 2021 - 2031 (USD Million)
      1. Manufacturing
      2. Energy and Utilities
      3. Automotive and Transportation
      4. Healthcare
    6. Industrial Internet Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. General Electric (GE)
      2. Siemens AG
      3. IBM Corporation
      4. Cisco Systems, Inc.
      5. Intel Corporation
      6. Honeywell International Inc.
      7. Rockwell Automation, Inc.
      8. ABB Ltd.
      9. Schneider Electric SE
      10. Microsoft Corporation
      11. PTC Inc.
      12. SAP SE
      13. Hitachi, Ltd.
      14. Fujitsu Limited
      15. Emerson Electric Co.
      16. Bosch Rexroth AG
      17. Yokogawa Electric Corporation
      18. Oracle Corporation
      19. Toshiba Corporation
      20. Mitsubishi Electric Corporation
  7. Analyst Views
  8. Future Outlook of the Market