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Report Overview
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.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
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.
Other market players include B&R Industrial Automation GmbH, General Electric Company, IBM Corporation, and Cisco Systems, Inc., among others.
IoT Connected Machines Market Report Snapshots
*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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Key Questions Answered in the Report
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.
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