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Industrial IoT Market worth $286.3 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, June 24, 2024 /PRNewswire/ — The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. Increasing adoption of IPv6, growing adoption of cloud platforms, increased IoT-related government initiatives and R&D activities worldwide, rise in demand for automation in industries, and global rise in internet penetration.

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Browse in-depth TOC on “Industrial IoT Market” 
132 – Tables
69 – Figures
243 – Pages

Industrial IoT Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 194.4 billion

Estimated Value by 2029

$ 286.3 billion

Growth Rate

Poised to grow at a CAGR of 8.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Software, Connectivity Technology, Deployment, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Maintenance and updates of IIoT systems

Key Market Opportunities

Predictive maintenance of machinery

Key Market Drivers

Rise in demand for automation in industries

The industrial IoT market for platforms segment is expected to grow at the highest CAGR during the forecast period.

The platforms segment is expected to experience the highest growth rate during the forecast period. The IIoT platform landscape is still maturing compared to hardware. As IIoT adoption grows, the need for robust platforms to manage and analyze the increasing data volume becomes more critical. IIoT generates vast amounts of data, driving the demand for secure storage, powerful analytics tools, and centralized management capabilities offered by platforms. This demand is expected to accelerate the growth of the platform segment. As industries shift towards data-driven decision-making, platforms become more valuable for extracting insights from IIoT data and optimizing processes. This focus on data utilization will further fuel the growth of the platform segment.

The manufacturing sector holds the largest market share in the industrial IoT market for the Asia Pacific.

The manufacturing sector holds the largest market share in the industrial IoT market for the Asia Pacific region, making it a global manufacturing hub. Countries like China, Japan, and South Korea are leading the way in this sector. Industrial IoT provides significant benefits such as predictive maintenance, process optimization, and improved quality control, all of which are crucial for manufacturers.

Asia Pacific is projected to experience the highest growth rate during the forecast period. Many Asian countries are undergoing rapid urbanization, leading to increased investments in smart city initiatives that heavily depend on industrial IoT. Multiple governments in the Asia Pacific region are encouraging the adoption of industrial IoT across various industries through subsidies and infrastructure development plans. The developing economies in the region offer significant potential for industrial IoT solutions as they construct new infrastructure and modernize existing industries.

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Agricultural sector in North America holds the largest market share in industrial IoT market during the forecast period.

The agriculture sector holds the largest market share in the North American industrial IoT industry. Agriculture in North America has significant potential for industrial IoT adoption and growth due to several factors. Industrial IoT enables data-driven farming practices such as precision irrigation, soil monitoring, and targeted crop management. It can optimize resource utilization (water, fertilizers, pesticides), reduce waste, and improve overall farm productivity. Farmers can use industrial IoT for remote monitoring of crops, livestock, and environmental conditions.

Key Players

Some of the leading companies operating in the industrial IoT companies are ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), Huawei Technologies Co., Ltd. (China), Rockwell Automation (US), Arm Limited (UK), PTC (US), Dassault Systèmes (France), IBM (US), Robert Bosch GmbH (Germany), NEC Corporation (Japan), ANSYS, Inc. (US), Worldsensing (Spain), Arundo (Norway), Software AG (Germany), among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029

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Industrial Robotics Market Size, Share and Industry Growth Analysis Report & Statistics by Type (Traditional, Collaborative), Component, Payload (Upto 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More than 225 Kg), Application (Handling, Dispensing, Processing), End Use Industry and Region – Global Forecast to 2028

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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AI Wellness Unveils Mission 2025 at CES–Revolutionizing Health, Education, and Philanthropy with Digital Avatars, Wellness Bundles, and the Ask My Avatar Challenge

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — AI Wellness (Assisted Intelligence Wellness) is taking center stage at CES 2025 with Mission 2025—a groundbreaking initiative fusing AI-powered Digital Avatars, Curated Wellness Bundles, and the Ask My Avatar Challenge to transform lives, inspire innovation, and fuel philanthropy.

 

This revolutionary platform isn’t just imagining the future—it’s building it, and empowering individuals and businesses to reimagine wellness, education, and impact. Mission 2025 proudly supports four trailblazing nonprofits: Grey Team, Gold Meets Golden, Coalition for Radical Life Extension, and Roots of Promise.

Meet the Future: AI Wellness Digital Avatars

AI Wellness is putting AI-powered Digital Avatars in the spotlight—game-changers for education, engagement, and efficiency:

Personalized Learning – Insights customized to individual goals.Time-Saving Automation – Freeing professionals to focus on purpose and impact.Scalable Engagement – Virtual consultations, wellness insights, and interactive training tools.

“Our avatars don’t just share information—they inspire transformation,” says Abby Aboitiz, Founder of AI Wellness.

Co-Founder Dr. Gideon Kwok shares:
“I’ve created my own spatial digital avatar—and it’s absolutely surreal! It’s my voice, my personality, and my expertise, captured in AI form. Now I can be in multiple places at once—educating, training, and inspiring—without ever leaving my office!”

Ask My Avatar Challenge: A Year-Long Quest for Discovery

Ready to dive into the future of AI wellness?

AI Wellness invites attendees to experience the Ask My Avatar Challenge—an interactive, year-long wellness journey kicking off at CES Week 2025:

Where to Experience It:Booth #55026 at our partner booth JC Live – Venetian Hall A-D. (Just to the right of the AARP booth)Desert Moon Wellness Clinic– Celebrated as the first Top 111 Clinic.

Interactive Experiences Include:

AI Wellness Mirrors – Real-time wellness insights and tools powered by AI avatars.Wellness Partnership locations– Hosted in spas, clinics, salons, and more globally.

Can’t make it to CES?
No problem! Reach out to AI Wellness to join us or partner with us at any of our 8 activations health/wellness events happening across the country throughout 2025.

Curated Wellness Bundles: Transforming Wellness—One Experience at a Time

AI Wellness Bundles combine top-tier products, diagnostics, and education for a 360° approach to transformation:

Instant Results – Real-time diagnostics and actionable insights.Personalized Pathways – Solutions for physical, mental, and emotional well-being.Purpose-Driven Impact – A portion of proceeds supports featured nonprofits.

Top 111 Clinics: Honoring Visionaries in Wellness Innovation

AI Wellness proudly names Desert Moon Wellness as the first inductee in the Top 111 Clinics, honoring its leadership in merging AI-powered health solutions with transformative care.

CES 2025 Spotlight: Where Innovation Meets Inspiration

Look for the AI Wellness Team during CES Week—they’ll be scouting:

Top 111 Forward Thinkers.Top 111 Innovators.Top 11 Original Genius Ideas.Create your Digital Avatar

How to Find Us:

AI Wellness TV Shirts – Look for our dynamic, standout team.AI Power Suits – Worn by TV hosts showcasing our signature logo.

Win Big with Raffles and Giveaways:

Nudora Gut Health Wellness Products.epsolution™: A premium blend of Magnesium Sulfate Epsom Salt and Siberian Fir essential oil, created by Nick and Nikki Giacara. Learn MoreMr. Lulu Skincare: Targeting pigmentation concerns like dark spots, acne scars, sun damage, melasma, and dull skin. Learn MoreGlobal Healing: Cutting-edge wellness products founded by Dr. Edward Group. Learn MoreSilverceuticals: Advanced silver-based health solutions by Dr. Keith Moeller. Learn MoreRejuran Scar Gel: A revolutionary approach to skincare and healing.Mindbody Matrix Water: A wellness breakthrough by Dr. TK Hyun. Learn MorePneuma Nitric Oxide: Solutions for nitric oxide health by Dr. Nathan Bryan. Learn MoreVisual Healing Experience: A collaboration between Louie Schwartzberg’s Moving Art, Assisted Intelligence Wellness, and Earable Neuroscience.More Exciting Prizes!

Mission 2025: Innovation That Moves the World

Mission 2025 is more than a campaign—it’s a movement built on the belief that education drives transformation.

Key Initiatives Include:

Angels of Alignment Gala – Honoring changemakers leading the wellness revolution.Ask My Avatar Challenge – A year-long exploration of AI-powered wellness.Top 111 Nominations – Recognizing trailblazers shaping the future.SMART Protocol – A cutting-edge roadmap for reaching wellness goals.

Your Mission Starts Now!

Ready to transform health, wellness, and education?

Visit us online to:

Build Your Digital Avatar.Join the Ask My Avatar Challenge.

info@aiwellness.ai
www.aiwellness.ai

Welcome to the Future. Welcome to Mission 2025.

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SOURCE Assisted Intelligence Wellness, Inc.

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job

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HR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job. Lookalikes™ revolutionizes sourcing by discovering candidates that match highly specific Archetypes, built with AI or by a recruiter. Results can be sorted by Predicted Interest™ in a new job, improving time-to-hire.

CLEVELAND, Jan. 9, 2025 /PRNewswire-PRWeb/ — HR Signal®, a leading HR technology company, today announced the launch of Lookalikes™, an AI-powered candidate sourcing platform for recruiters that transforms how to find and rank top talent. The platform enables recruiters to instantly discover people by using Archetypes to eliminate hours of manual searching and dramatically improve candidate quality.

“Recruiters can now instantly find qualified candidates who match their needs and are likely interested in a new job. “

Recruiters can build candidate Archetypes in two ways: providing an ideal candidate or building a custom profile by entering specific job experiences and background requirements. Lookalikes™ uses proprietary AI to identify and rank potential candidates by how well they match the Archetype.

Unlike traditional sourcing tools that require extensive Boolean searches or limit profile views based on connection levels, Lookalikes™ gives recruiters unrestricted access to search over 1.3 billion people.

“Today’s recruiters face unprecedented challenges in finding and engaging the right talent,” said Sagy Cohen, CEO of HR Signal®. “We created Lookalikes™ to eliminate the manual effort in candidate sourcing. Instead of spending hours crafting complex searches or hitting professional network connection limits, recruiters can now instantly find qualified candidates who match their needs and are likely to respond. This is sourcing reimagined – faster, smarter, and more effective.”

Lookalikes™ biggest innovation is the ability to rank candidates by their Predicted Interest™ in a new position, helping recruiters focus their efforts on the most promising prospects.

Key features of Lookalikes™ include:

Unlimited viewing of 1.3+ billion candidates without connection-level restrictionsAI-powered results based on ideal candidate ArchetypesRank candidates by Predicted Interest™ in a new jobReal-time market insights for more informed salary discussionsBuilt-in tenure benchmarking analyticsUnlimited exports to any ATS or HRIS system, with direct integration available for team licensesAbility to create and share talent pools within hiring teams

“For decades, we have experienced firsthand how challenging it is to find the right talent,” said Andrew Spott, President of HR Signal®. “Lookalikes™ not only helps recruiters find better candidates faster but also provides them with valuable market intelligence about compensation, hiring demand, and tenure benchmarks. This data helps recruiters have more informed conversations with both candidates and hiring managers.”

Lookalikes™ is available for individual users, recruiters, in-house talent acquisition and for large enterprise teams starting at $50/month. A free trial is available without any credit card.

For more information, visit https://www.hirelookalikes.com

About HR Signal®

Founded by AI engineers and experienced executives, HR Signal® leverages its proprietary Workforce Insights Engine™ to analyze over 1.3 billion career paths, providing unprecedented insights into talent movement and career progression patterns. HR Signal® is venture capital backed and committed to helping companies grow and employees thrive.

Media Contact

Andrew Spott, Lookalikes by HR Signal, 1 888-333-6755, lookalikes@hrsignal.com, https://www.hirelookalikes.com

View original content to download multimedia:https://www.prweb.com/releases/hr-signal-launches-lookalikes-a-sourcing-platform-for-recruiters-that-uses-ai-to-find-better-candidates-instantly-and-predict-their-interest-in-a-new-job-302346706.html

SOURCE Lookalikes by HR Signal

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Nonprofit CEOs Took the Stage at CES 2025 to Shine Spotlight on How They Use AI and Tech to Treat and Cure Critical Diseases

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Moore CEO Gretchen Littlefield hosted a Great Minds panel on how big data and tech are being leveraged to progress treatments and cures for cancer, heart disease, Alzheimer’s disease and cleft lip and palate.

LAS VEGAS, Jan. 9, 2025 /PRNewswire-PRWeb/ — Today at CES®, leaders from the most respected brands in the purpose-driven sector discussed how data, artificial intelligence and technology are being used to solve some of the world’s most pressing problems during a panel discussion entitled “Mission Driven Innovation: Solving Humanity’s Biggest Challenges.” The session was streamed live and is available now on the CES website for replay.

The panel was moderated by Moore CEO, Gretchen Littlefield, and included:

    Nancy Brown, CEO, American Heart Association    Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society    Susannah Schaefer, CEO and president, Smile Train    Dr. Joanne Pike, CEO and president, Alzheimer’s Association

The panelists shared key learnings and insights about the innovations they are driving within their organizations and the purpose-driven sector.

“The American Heart Association has always been a trailblazer in driving innovation at the intersection of science and patient-centered technology to further strengthen heart and brain health. As we begin our second century, we will continue advancing health and hope for everyone, everywhere,” said Nancy Brown, chief executive officer of the American Heart Association.

“As AI continues to evolve, the American Cancer Society will continue to explore its potential to improve the lives of cancer patients and their families,” said Dr. Wayne A.I. Frederick, interim CEO, American Cancer Society and American Cancer Society Cancer Action Network. “We want to ensure its use remains responsible, ethical and equitable and that it also prioritizes the relationship between health care professionals and those they serve.”

“Smile Train’s focus on innovation and technology has transformed millions of lives through cleft care in the last 25 years and promises an even brighter future for our patients,” said Susannah Schaefer, president and CEO of Smile Train. “From virtual reality surgical training and solar-powered operating rooms to digital tools connecting patients in remote areas, we are bridging gaps in cleft treatment and reshaping global health altogether.”

“We are at a transformational moment in Alzheimer’s disease and dementia. Rapid advances in technology are speeding the pace of discovery around how we prevent, detect and treat Alzheimer’s and dementia, while helping the Alzheimer’s Association more effectively and efficiently meet the needs of people living with dementia, their families, and their communities,” said Joanne Pike, DrPH, president and CEO of the Alzheimer’s Association. “We expect continued advances in innovation will further enhance both how we work and how we serve the people who count on us for information and support.”

“Moore is proud to be on the forefront of helping these amazing organizations advance their missions,” said Littlefield. “This is an exciting time to be in the technology industry and knowing that our work helps drive their impact makes it all the more rewarding.”

Part of the “CES 2025 Great Minds Series,” the panel discussion took place during CES 2025, on Thursday, Jan. 9, in the Las Vegas Convention Center. The recorded session is available here.

About Moore
Moore is a data-driven constituent experience management (CXM) company achieving accelerated growth for customers through integrated supporter experiences across all platforms, channels and devices. We are an innovation-led company that is the largest marketing, data and fundraising company in North America serving the purpose-driven industry with customers across education, association, political and commercial sectors.

Moore combines our strength in technology and unmatched industry expertise to provide a full platform of communications, data, digital, media, production and response management solutions. Our omnichannel solutions are powered by an ongoing investment in next-generation artificial intelligence and machine learning that deepens constituent relationships and creates transformational growth. To learn more, visit wearemoore.com.

Media Contact

Mac McKeever, Moore, 207-841-6110, mmckeever@wearemoore.com, https://wearemoore.com/

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SOURCE Moore

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