The global IoT connected machines market is expected to grow in the forecast period of between 2026 and 2035 at a CAGR of 15.20%, driven by the rise in adoption rate of IoT connected machines by several industries.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
15.2%
2026-2035
*this image is indicative*
IoT connected machines is a technology employed to manage and connect physical machines, and devices, among other equipment employing the Internet of Things (IoT). It helps different organisations and end-users control, optimise, and monitor equipment and machines in an integrated manner. Businesses collect data from such devices or machines to obtain insights into their operations and improve the performance by connecting equipment and machines to the internet.
The EMR’s report titled “IoT Connected Machines Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
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Manufacturing applications are witnessing robust growth in the IoT connected machines market share across the globe as business leaders are implementing new waves of technological transformation with industry 4.0. IoT connected machines help in managing and monitoring production lines and factories remotely which further aids enterprises to improve their operations along with better product quality. The surging inclination of cloud computing solutions in manufacturing applications is likely to fuel the segment growth in the market share of IoT connected machines.
Automotives are expected to be another significant application of IoT connected machines in the coming years, as such machines are implemented in automotive manufacturing as well as post-sale usage. IoT connected machines can help improve the safety and security of automotives, reducing the chance for human error.
Geographically, the North American region is expected to augment the IoT connected machines market share as the region is considered the hub for the high adoption of innovative technology and advanced business models with supreme technologies. IoT connected machines are increasingly being used in power generation and utility, aviation, transportation, and automotive industries in the North America region.
Meanwhile, Europe is expected to propel the market growth of IoT connected machines on account of the growing initiatives of projects associated with smart cities such as Vienna, Amsterdam, Helsinki, London, and Barcelona among others. In London, the United Kingdom government launched a new smart city strategy called London 2.0 focusing on improved digital inclusion based on IoT technology. This is further expected to push forward the market growth of IoT connected machines.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global IoT connected machines market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Dell Technologies, Inc. is a United States-based top tech company established in 1984. It focuses on the sales of network servers, personal computers, software, and data storage solutions. It is known as a leading technology company across the globe aiding to change the life of people and aiming to change the digital landscape globally.
Schneider Electric SE was established in 1836 and is based in France. It is a multinational company that deals in energy management and digital automation. It caters to buildings, homes, infrastructures, industries, and data centres, offering real-time automation, services, software, and energy technologies. The company aims to inspire everyone to get the most out of their energy and resources, bridging progress and sustainability for everyone.
ABB Ltd. was founded in 1988 and is a leading technology company across the globe. It focuses on strengthening the transformation of society as well as industry to attain a more sustainable and productive future. The company pushes the limits of technology to enhance performance through its robotics, electrification, automation, and motion portfolios.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include B&R Industrial Automation GmbH, General Electric Company, IBM Corporation, and Cisco Systems, Inc., among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is assessed to grow at a CAGR of 15.20% between 2026 and 2035.
The major market drivers are the rise in adoption rate of IoT connected machines in several industries, and advancements in IoT technology.
The key IoT connected machines market trends include the rising support by various governments for the development of strong IoT networks, prevalence of 5G networks, and usage of IoT connected machines in manufacturing.
The various types of IoT connected machines include hardware, software, and service.
The different applications of IoT connected machines include aviation, oil and gas, automotive, power generation and utility, transportation, and manufacturing, among others.
IoT connected machines refer to a network of physical machines and devices, among other equipment that are connected employing the Internet of Things (IoT).
The major players in the market are Dell Technologies, Inc., Schneider Electric SE, ABB Ltd., B&R Industrial Automation GmbH, General Electric Company, IBM Corporation, and Cisco Systems, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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