How big is the industrial connectivity market?

The global industrial connectivity market size was estimated at USD 72.93 billion in 2024 and is expected to reach USD 79.79 billion in 2025.

What is the industrial connectivity market growth?

The global industrial connectivity market is expected to grow at a compound annual growth rate of 5.6% from 2025 to 2033 to reach USD 123.19 billion by 2033.

Which segment accounted for the largest industrial connectivity market share?

The hardware segment dominated the market with a share of over 51% in 2024, driven by the increasing demand for robust and reliable devices that support real-time data acquisition and seamless communication.

Who are the key players in the industrial connectivity market?

Key players operating in the industrial connectivity market include Cisco Systems, Inc., Siemens, ABB, Schneider Electric, Honeywell International Inc., General Electric Company, Rockwell Automation, Advantech Co., Ltd., Emerson Electric Co., Huawei Technologies Co., Ltd., Mitsubishi Electric Corporation, and Nokia.

What are the factors driving the industrial connectivity market?

The increasing demand for seamless and reliable communication networks, the rising adoption of IoT-enabled devices for real-time monitoring, data collection, and predictive maintenance, and the increasing automation of industrial processes are key factors driving the market growth.