Report Overview

Juniper Research’s new Industrial IoT research provides critical insight into the fast-paced market; analysing challenges, impact and opportunities on a segment by segment basis, in tandem with overarching strategic approaches.

The research provides an in-depth analysis of the future outlook in terms of business models and service provider opportunities, as well as key market forces that are impacting the area.

The analysis covers key Industrial IoT market segments, including:

  • Agriculture
  • Energy & Utilities
  • Logistics
  • Manufacturing
  • Mining
  • Oil & Gas

This research suite includes:

  • Market Trends & Opportunities (PDF)
  • 5-Year Market Sizing & Forecast Spreadsheet (Excel)
  • 12 months’ Access to harvest Online Data Platform
Key Market Statistics
Market size in 2020: $137.8bn
Market size in 2025: $264.6bn
2020 to 2025 CAGR: 13.9%

  Buy Full Research Suite - Immediate access to all the above only £2990.


Key Features

  • Market Overview: Includes analysis of key and emerging technologies, including:
    • Artificial Intelligence & Machine Learning
    • Cellular (2G, 3G, 4G, 5G)
    • Digital Twins
    • Edge Computing & Cloud Computing
    • Industrial Robotics
    • Licensed LPWA Networks (NB-IoT and LTE-M)
    • Private Cellular Networks
    • RFID (Radio Frequency Identification)
    • Unlicensed Networks (LoRaWAN)
    • Wi-Fi 6
  • Emerging Business Models & Development Opportunities: Contains a sector-specific market analysis of the use of Industrial IoT within key verticals. The analysis focuses on the key market opportunities and explores the challenges facing service deployment. This is split by:
    • Agriculture
    • Energy & Utilities
    • Logistics
    • Manufacturing
    • Mining
    • Oil & Gas
  • Juniper Research Leaderboard: 15 platform providers compared, scored and positioned on the Juniper Research Leaderboard, including:
    • ABB
    • Alibaba Cloud
    • Bosch
    • Cisco
    • GE (General Electric)
    • Hitachi Vantara
    • Huawei
    • IBM
    • Intel
    • Microsoft
    • Nokia
    • Oracle
    • PTC
    • SAP
    • Software AG
  • Benchmark Industry Forecasts: Market segment forecasts for Industrial IoT adoption for the aforementioned industrial segments, including:
    • Sensor Installed Base
    • Sensor Shipments
    • Hardware Revenue
    • Software Platform Revenue

Key Questions Answered

  1. What will the total value of the Industrial IoT market be by 2025?
  2. Which vendors are the leading providers of Industrial IoT platform solutions?
  3. What emerging business models best position Industrial IoT service providers to capitalise on market growth?
  4. How can Industrial IoT service providers overcome prominent market challenges?
  5. Which sectors will experience the most significant uptake of Industrial IoT solutions?

Companies Referenced

Case Studied: Worcestershire 5G Consortium, Rio Tinto.

Included in Juniper Research Leaderboard: ABB, Alibaba Cloud, Bosch, Cisco, GE (General Electric), Hitachi Vantara, Huawei, IBM, Intel, Microsoft, Nokia, Oracle, PTC, SAP, Software AG.

Mentioned: Accenture, Adobe, Alibaba Group, AT&T, AWS (Amazon Web Services), AWTG, BT, Capgemini, China Mobile, Cognizant, CPC Corp, Davra, Dell, Deloitte, Edison General Electric Company, EPA (Environmental Protection Agency), Equinix, Ericsson, European Commission for Energy, Climate Change & Environment, FMCSA (Federal Motor Carrier Safety Administration), Fujitsu, Hitachi, Infosys,  LoRa Alliance, Marubeni, NHTSA (National Highway Traffic Safety Administration), Norsk Hydro, NRW Holdings, O2, Optus, PWC, QinteiQ, Qualcomm, Semtech, SFR, Sigfox, SK hynix, smaXtec, Swisscom, Tata Consultancy Services, Tech Mahindra, Telefónica, Telenor, Thomson-Houston, T-Mobile, UN, University of Surrey, US Energy Information Administration, Verizon, Vodafone, Worcester Bosch, Worcestershire Local Enterprise Partnership, Yamazaki Mazak.

Data & Interactive Forecast

Juniper Research’s Industrial Internet of Things forecast suite includes:

  • Data splits for 8 key global regions and 19 countries, including:
  • Juniper Research provides Industrial IoT forecasts for:
    • Total Number of Sensors
    • Total Hardware Revenue
    • Total Software Revenue
    • Total Market Value
  • These forecasts are repeated for each of the following industries:
    • Agriculture
    • Energy & Utilities
    • Logistics
    • Manufacturing
    • Mining
    • Oil & Gas
  • Access to the full set of forecast data of 89 tables and over 17,500 datapoints.
  • Interactive Excel Scenario tool allowing the user to manipulate Juniper Research’s data for five different metrics.

Geographical splits: 19 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

Juniper Research forecasts that the total number of Industrial IoT sensors in use will increase from 17.7 billion in 2020 to 36.8 billion in 2025; representing an overall growth rate of 107%.
  • Juniper Research suggests that smart manufacturing will remain a key growth sector of the Industrial IoT market over the next five years; accounting for 22 billion connections by 2025. 5G and LPWA (Low Power Wide Area) networks will play pivotal roles in creating attractive service offerings to the manufacturing industry, and enabling the concept of the ‘smart factory’ to be realised, in which real-time data transmission and high connection densities enable highly-autonomous operations for manufacturers.
  • 5G services will be crucial in maximising the value of a smart factory to service users, by leveraging the technology to enable superior levels of autonomy amongst operations. Private 5G networks will prove most valuable when used for the transmission of large amounts of data in environments with a high density of connections and when significant levels of data are generated. This, in turn, will enable large-scale manufacturers to reduce operational spend through efficiency gains.
  • Juniper Research forecasts that 80% of global Industrial IoT market value will be attributable to software spend by 2025; reaching $216 billion. Software tools leveraging machine learning for enhanced data analysis and the identification of network vulnerabilities are now essential to connected manufacturing operations.
  • Manufacturers must exercise caution when implementing IoT technology; resisting the temptation to introduce connectivity to all aspects of operations. Instead, manufacturers must focus on the collection of data on the most valuable areas to drive efficiency gains.

Industrial IoT Reports


Full Research Suite

  • Market trends, strategies and forecasts report (pdf)
  • Market data & forecasts - All topic data and interactivity (xls)
  • harvest market data platform (12 months’ online access) - find out more

Click here for more information and purchase options

Oct 2020




Research FAQs

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Research Details

Juniper Research
Scarlett Woodford
Devices & Technologies
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Australia, Brazil, Canada, China, Denmark, France, Germany, India, Japan, South Korea, Mexico, Netherlands, Norway, Portugal, Saudi Arabia, Spain, Sweden, UK, USA