Industrial Internet Of Things Companies

Competitive Landscape of the Industrial IoT Market:

The Industrial Internet of Things (IIoT) market is experiencing explosive growth, fueled by the increasing demand for enhanced operational efficiency, predictive maintenance, and data-driven decision-making across various industries. This dynamic landscape presents a fierce competition among established players and emerging startups, vying for market share and dominance.

Key Players:

• General Electric (U.S.)


• Siemens AG (Germany)


• Accenture PLC (Ireland)


• Huawei Technologies CO. Ltd. (Japan)


• Robert Bosch GmbH (Germany)


• Intel Corporation (U.S.)

Strategies Adopted by Key Players:

• Acquisitions and Mergers: To rapidly expand their product portfolio, acquire expertise, and access new markets, established players are actively engaging in strategic acquisitions and mergers. Examples include GE acquiring ServiceMax and Predix, and PTC acquiring Kepware and ThingWorx.


• Partnerships and Collaborations: Combining complementary skills and resources, key players are forging partnerships and collaborations with technology providers, universities, and industry leaders to develop innovative IIoT solutions and accelerate market penetration.


• Verticalization: Adapting their offerings to cater to the specific needs and challenges of different industries like manufacturing, oil & gas, and utilities, players are focusing on verticalization to gain a competitive edge.


• Platform-based Approach: Offering a comprehensive IIoT platform that integrates hardware, software, and services, leading players are aiming to create a one-stop shop for industrial customers seeking connected solutions.


• Cloud-based Solutions: Recognizing the scalability and flexibility offered by cloud computing, key players are increasingly shifting their focus to developing and delivering cloud-based IIoT solutions.

Factors for Market Share Analysis:

• Market share: Measured by revenue or unit volume, it indicates the dominance of players within the overall market.


• Product portfolio: Offering breadth and depth across various IIoT components like sensors, gateways, platforms, and applications, a diverse portfolio strengthens a player's market position.


• Industry focus: Specializing in specific industries and catering to their unique requirements provides a competitive advantage and deeper market penetration.


• Technology leadership: Continuously innovating and developing cutting-edge technologies like AI, machine learning, and blockchain, allows players to stay ahead of the curve.


• Customer base: A strong and loyal customer base, consisting of major industrial players, translates to secure market share and recurring revenue streams.


• Global reach: Operating across various geographies and strategically expanding into emerging markets allows players to tap into new growth opportunities.

New and Emerging Companies:

Several new and emerging companies are disrupting the IIoT market with their innovative solutions, agile development processes, and focus on niche segments. These companies are often adept at utilizing open-source platforms and cloud-based technologies, making their offerings cost-effective and accessible to a wider range of customers.

Current Company Investment Trends:

• Increased investment in research and development: Companies are allocating significant resources towards developing new IIoT technologies, applications, and platforms to maintain their competitive edge.


• Focus on cybersecurity: As the risk of cyberattacks in the industrial sector rises, companies are prioritizing investments in cybersecurity solutions to protect their platforms and critical infrastructure.


• Expansion into new technology areas: Companies are exploring and investing in emerging technologies such as AI, machine learning, and blockchain to further enhance the capabilities of their IIoT solutions.


• Sustainability initiatives: Recognizing the growing importance of sustainability, companies are developing IIoT solutions that help industries optimize energy consumption and reduce their environmental footprint.


• Focus on developer communities: Fostering strong developer communities by providing tools, resources, and support is crucial for promoting innovation and accelerating the development of new IIoT applications.

Latest Company Updates:

September 2023 - SECO S.p.A. has revealed about its joint venture with Qualcomm Technologies International, Ltd. This partnership aims in accelerating the creation of novel edge computing products for the IIoT world, designed primarily for the OEM customers. The key focus of the collaboration is the development of a modular SBC and SOM, both of which will be added in the catalogue of standard edge computing solutions of SECO.

May 2023 - HMS Networks, a renowned provider of remote connectivity solutions and industrial communication, has announced the introduction of its latest Ewon remote connectivity solution. These solutions moreover include the currently acquired software solution the i4scada and WEBfactory i4connected that were presented under the brand Ewon for reinforcing the remote connectivity offerings of the company. The new offering offers machine builders & their clients with end-to-end IIoT solutions which can accumulate data from machines & present the same in a web interface that is easy to use. It can aid to augment decision-making, service, and control while reducing the risk of expensive system and machine downtime.

May 2023 - STMicroelectronics has launched the market’s foremost MEMS liquid/water-proof absolute pressure sensor having a 10-year longevity program for industrial market. Following the spread of IIOT, organizations are seeking to collect data from all through their operations, frequently in challenging environments both outdoors and indoors alike. The company’s most recent waterproof MEMS pressure sensors offer the environmental robustness that is required for powering digital transformation everywhere with long-term accessibility required for protecting the customers designs.