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UK Industrial Iot Platform Market

ID: MRFR/ICT/58785-HCR
200 Pages
Aarti Dhapte
October 2025

UK Industrial IoT Platform Market Research Report By Application (Predictive Maintenance, Asset Tracking, Remote Monitoring, Supply Chain Management), By Component (Sensor, Connectivity Hardware, Platform Software, Analytics), By Deployment Model (On-Premise, Cloud-Based, Hybrid) and By End Use Industry (Manufacturing, Energy and Utilities, Transportation and Logistics, Healthcare)-Forecast to 2035

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UK Industrial Iot Platform Market Summary

As per MRFR analysis, the UK industrial iot-platform market Size was estimated at 2199.15 USD Million in 2024. The UK industrial iot-platform market is projected to grow from 2468.11 USD Million in 2025 to 7824.5 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 12.23% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The UK industrial IoT-platform market is experiencing robust growth driven by technological advancements and evolving industry needs.

  • The largest segment in the UK industrial IoT-platform market is predictive maintenance, which is gaining traction due to its efficiency benefits.
  • The fastest-growing segment is smart manufacturing, reflecting a shift towards automation and enhanced operational capabilities.
  • There is a notable increase in the adoption of AI and machine learning technologies, which are transforming data analytics processes.
  • Key market drivers include rising demand for real-time data analytics and a growing emphasis on predictive maintenance.

Market Size & Forecast

2024 Market Size 2199.15 (USD Million)
2035 Market Size 7824.5 (USD Million)
CAGR (2025 - 2035) 12.23%

Major Players

Siemens (DE), General Electric (US), Honeywell (US), IBM (US), Cisco (US), Rockwell Automation (US), Schneider Electric (FR), PTC (US), Microsoft (US)

UK Industrial Iot Platform Market Trends

The industrial IoT-platform market is currently experiencing a transformative phase. This transformation is driven by advancements in technology and an increasing demand for automation across various sectors. Organizations are increasingly adopting these platforms to enhance operational efficiency, reduce costs, and improve decision-making processes. The integration of artificial intelligence and machine learning into these platforms is a key factor in their growing popularity. These technologies enable predictive maintenance and real-time data analytics. Furthermore, the emphasis on sustainability and energy efficiency is prompting industries to leverage these platforms for better resource management and reduced environmental impact. In addition, the regulatory landscape in the UK is evolving, with government initiatives aimed at promoting digital transformation in manufacturing and other sectors. This regulatory support seems to encourage investment in industrial iot-platforms, as businesses seek to comply with new standards and improve their competitive edge. As the market continues to mature, collaboration between technology providers and end-users is likely to foster innovation and drive further adoption of these platforms, ultimately shaping the future of industrial operations in the UK.

Increased Adoption of AI and Machine Learning

The integration of artificial intelligence and machine learning into industrial iot-platforms is becoming more prevalent. This trend indicates a shift towards smarter systems that can analyze data in real-time, leading to improved operational efficiency and predictive maintenance capabilities.

Focus on Sustainability and Energy Efficiency

There is a growing emphasis on sustainability within the industrial iot-platform market. Companies are increasingly utilizing these platforms to optimize resource usage, reduce waste, and enhance energy efficiency, aligning with broader environmental goals.

Regulatory Support and Compliance

The evolving regulatory framework in the UK is fostering a supportive environment for the industrial iot-platform market. Government initiatives aimed at promoting digital transformation are encouraging businesses to invest in these technologies to meet compliance requirements and enhance competitiveness.

UK Industrial Iot Platform Market Drivers

Increased Focus on Cybersecurity Measures

The industrial IoT-platform market is also influenced by an increased focus on cybersecurity measures. As more devices become interconnected, the risk of cyber threats escalates, prompting organizations to prioritize the security of their IoT systems. In the UK, the government has introduced various initiatives aimed at enhancing cybersecurity in industrial applications. This includes funding for research and development of secure IoT technologies. As businesses recognize the importance of safeguarding their data and infrastructure, the demand for secure industrial IoT platforms is expected to rise, thereby driving market growth.

Growing Emphasis on Predictive Maintenance

The industrial IoT-platform market is increasingly shaped by a growing emphasis on predictive maintenance strategies. Companies are recognizing the value of utilizing IoT platforms to monitor equipment health and predict failures before they occur. This proactive approach not only reduces downtime but also minimizes maintenance costs. In the UK, it is estimated that predictive maintenance can lead to cost savings of up to £200 billion annually across various industries. As organizations strive to enhance operational reliability and efficiency, the adoption of predictive maintenance solutions through industrial IoT platforms is likely to accelerate, further propelling market growth.

Rising Demand for Real-Time Data Analytics

The industrial IoT-platform market is experiencing a notable surge in demand for real-time data analytics. This trend is driven by the need for businesses to enhance operational efficiency and decision-making processes. This trend is driven by the need for businesses to enhance operational efficiency and decision-making processes. Companies are increasingly leveraging IoT platforms to collect and analyze vast amounts of data generated by machinery and equipment. In the UK, the market for data analytics in industrial applications is projected to grow at a CAGR of approximately 25% over the next five years. This growth is indicative of the industrial sector's shift towards data-driven strategies, which are essential for maintaining competitiveness. As organizations seek to optimize their operations, the integration of real-time analytics into industrial IoT platforms becomes a critical driver of market expansion.

Integration of Advanced Connectivity Solutions

The industrial iot-platform market is significantly influenced by the integration of advanced connectivity solutions such as 5G and LPWAN (Low Power Wide Area Network). These technologies enable seamless communication between devices, facilitating the efficient transfer of data across industrial environments. In the UK, the rollout of 5G networks is expected to enhance the capabilities of IoT platforms, allowing for faster data transmission and improved device connectivity. This advancement is likely to support the deployment of more sophisticated applications, such as remote monitoring and predictive maintenance. As connectivity solutions evolve, they are anticipated to play a pivotal role in driving the adoption of industrial IoT platforms, thereby transforming traditional manufacturing processes.

Shift Towards Automation and Smart Manufacturing

The industrial IoT-platform market is witnessing a significant shift towards automation and smart manufacturing practices. This transition is driven by the need for increased productivity and reduced operational costs. Companies are increasingly adopting IoT platforms to automate processes, enabling real-time monitoring and control of production lines. In the UK, the smart manufacturing sector is projected to grow substantially, with investments in automation technologies expected to reach £1.5 billion by 2026. This trend indicates a broader movement towards integrating IoT solutions into manufacturing operations, which is likely to enhance efficiency and competitiveness in the industrial sector.

Market Segment Insights

By Application: Predictive Maintenance (Largest) vs. Asset Tracking (Fastest-Growing)

Within the application segment of the UK industrial iot-platform market, Predictive Maintenance holds the largest market share, driven by its critical role in reducing operational costs and enhancing equipment longevity. Following closely, Asset Tracking is rapidly gaining traction, leveraging advancements in IoT technology to provide real-time visibility and efficiency in logistics and inventory management. Both applications highlight the changing dynamics in industries keen on leveraging efficiency gains. Growth trends within this segment are propelled by increasing demands for operational efficiencies and real-time data analytics across various sectors. Predictive Maintenance continues to evolve due to its capacity to preemptively address equipment issues, while Asset Tracking is driven by the rise of e-commerce and the need for streamlined supply chain solutions. This combination presents a compelling case for investment in these applications, promising robust growth in the coming years.

Predictive Maintenance (Dominant) vs. Remote Monitoring (Emerging)

Predictive Maintenance is a dominant force within the UK industrial iot-platform market, offering unmatched insights into equipment health and performance through advanced analytics and machine learning. This application not only minimizes downtime but also enhances the overall operational efficiency for companies. In contrast, Remote Monitoring is emerging as a crucial component for businesses aiming for real-time oversight of operations, facilitated by IoT connectivity. It serves diverse industries, providing data-driven insights that support decision-making and operational adjustments. Together, these applications illustrate the evolving landscape of industrial IoT, where predictive capabilities and remote access are essential for maintaining a competitive edge.

By Component: Platform Software (Largest) vs. Analytics (Fastest-Growing)

In the UK industrial iot-platform market, the market share distribution among the component segment values reveals a clear hierarchy. Platform Software emerges as the largest component, capturing a significant share as organizations seek comprehensive software solutions to manage their IoT infrastructure. On the other hand, Sensor and Connectivity Hardware play pivotal roles in the ecosystem, albeit with comparatively lower shares. Analytics, while currently less established, is rapidly gaining traction due to the increasing demand for data-driven insights. The growth trends within this segment are primarily driven by technological advancements and the need for real-time monitoring. As industries continue to embrace IoT solutions, the demand for Analytics is surging; it is considered the fastest-growing component due to the explosion of data generated by connected devices. Companies are increasingly focusing on leveraging analytics to enhance operational efficiency, predict maintenance needs, and improve decision-making processes, positioning this segment for substantial growth in the coming years.

Platform Software (Dominant) vs. Analytics (Emerging)

Platform Software is positioned as the dominant component in the UK industrial iot-platform market, providing the essential backbone for managing IoT applications. Its robust capabilities facilitate seamless integration, data management, and operational control. In contrast, Analytics is emerging as a critical player, driven by the need for actionable insights from the vast amounts of data collected by IoT devices. Organizations are recognizing the importance of data analytics to optimize their operations and make informed decisions. As a result, while Platform Software holds a strong market presence, Analytics is rapidly evolving, showcasing innovative solutions that cater to the analytical needs of various industries. Together, these components create a synergistic approach to industrial IoT, blending stability with emerging opportunities.

By Deployment Model: Cloud-Based (Largest) vs. Hybrid (Fastest-Growing)

In the UK industrial iot-platform market, the deployment models exhibit distinct market share distributions. The Cloud-Based segment has secured the largest share, driven by its advantages in scalability, flexibility, and reduced upfront costs. On the other hand, the On-Premise model appeals to industries requiring stringent data security and control, albeit with a smaller market share compared to its competitors. The Hybrid model is gaining traction, indicating an increasing preference for a balanced approach in deployment. Growth trends within the deployment models revolve around the rising demand for automation and data analytics. Companies are increasingly adopting Cloud-Based solutions for their accessibility and resource optimization. The Hybrid model is considered the fastest-growing due to its ability to merge the strengths of both On-Premise and Cloud-Based models, thus catering to diverse industrial needs and fostering seamless integration of IoT technologies across various platforms.

Cloud-Based (Dominant) vs. Hybrid (Emerging)

The Cloud-Based segment stands out as the dominant deployment model, primarily due to its ability to provide extensive resources and real-time data processing capabilities, which are essential for modern industrial applications. This model supports remote monitoring and management, allowing businesses to leverage IoT technologies efficiently. In contrast, the Hybrid deployment model is emerging as a versatile solution that combines the best of both worlds, providing the security of On-Premise infrastructure while leveraging the flexibility of Cloud solutions. This growing demand for Hybrid models reflects a shift towards personalized solutions as industries seek to balance performance with security and compliance requirements.

By End Use Industry: Manufacturing (Largest) vs. Transportation and Logistics (Fastest-Growing)

In the UK industrial iot-platform market, the manufacturing sector holds the largest market share, driven by the increasing automation and adoption of IoT solutions to enhance operational efficiency. The energy and utilities sector follows closely, leveraging IoT platforms to optimize resource management and predictive maintenance, ultimately improving service delivery. Meanwhile, healthcare is steadily gaining traction as providers seek innovative technologies to enhance patient care and streamline operations. Transportation and logistics, however, is recognized as the fastest-growing segment owing to the surge in e-commerce and the demand for real-time tracking solutions. This growth is fueled by the need for enhanced supply chain visibility and operational efficiency. The advent of smart logistics powered by IoT is transforming the industry, enabling businesses to respond swiftly to changing market dynamics and consumer demands.

Manufacturing: Dominant vs. Healthcare: Emerging

The manufacturing sector is a dominant player in the UK industrial iot-platform market, characterized by extensive investments in automation and predictive analytics. Manufacturers are harnessing IoT technology to streamline production processes, enhance quality control, and reduce operational downtime. On the other hand, the healthcare sector is emerging as a critical segment, increasingly adopting IoT platforms to improve patient monitoring, data management, and overall healthcare delivery. The integration of IoT in healthcare not only facilitates better health outcomes but also emphasizes cost efficiency and patient satisfaction. As these segments evolve, the balance between traditional manufacturing reliance and the innovative capabilities of healthcare will shape future market dynamics.

Get more detailed insights about UK Industrial Iot Platform Market

Key Players and Competitive Insights

The industrial IoT-platform market is currently characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for automation across various sectors. Key players such as Siemens (DE), General Electric (US), and Honeywell (US) are strategically positioned to leverage their extensive portfolios and expertise in digital transformation. Siemens (DE) focuses on integrating AI and machine learning into its IoT solutions, enhancing operational efficiency for clients. General Electric (US) emphasizes its commitment to sustainability, aiming to reduce carbon emissions through innovative IoT applications. Honeywell (US) is actively pursuing partnerships to expand its reach in smart building technologies, thereby shaping the competitive environment through collaborative innovation.

The market structure appears moderately fragmented. Numerous players are vying for market share. Key business tactics include localizing manufacturing to reduce costs and optimizing supply chains to enhance responsiveness. The collective influence of these major companies fosters a competitive atmosphere. Here, innovation and strategic partnerships are paramount for success.

In October 2025, Siemens (DE) announced a significant partnership with a leading telecommunications provider to enhance its IoT connectivity solutions. This collaboration is expected to bolster Siemens' capabilities in delivering real-time data analytics, thereby improving decision-making processes for industrial clients. The strategic importance of this move lies in Siemens' ability to integrate advanced connectivity into its existing platforms, potentially increasing its market share in the IoT sector.

In September 2025, General Electric (US) unveiled a new suite of IoT applications aimed at optimizing energy consumption in industrial settings. This initiative aligns with the company's sustainability goals and positions it as a leader in energy-efficient solutions. The strategic relevance of this launch is underscored by the growing regulatory pressures for reduced emissions, suggesting that GE is proactively addressing market demands.

In August 2025, Honeywell (US) expanded its IoT portfolio by acquiring a startup specializing in predictive maintenance technologies. This acquisition is likely to enhance Honeywell's offerings in the industrial sector, allowing clients to minimize downtime and improve operational efficiency. The strategic significance of this acquisition reflects Honeywell's commitment to innovation and its focus on providing comprehensive solutions to its customers.

As of November 2025, current competitive trends in the industrial IoT-platform market are heavily influenced by digitalization, sustainability initiatives, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This transition indicates that companies will need to prioritize value creation through cutting-edge solutions to maintain a competitive edge.

Key Companies in the UK Industrial Iot Platform Market market include

Industry Developments

Recent developments in the UK Industrial Internet of Things (IoT) Platform Market illustrate a rapidly evolving landscape with significant activity among key players. SAP and Cisco have been enhancing their cloud offerings, integrating AI capabilities to optimize industrial processes. GE Digital is focusing on expanding its digital twin technology, while Honeywell is advancing its cybersecurity measures to safeguard IoT systems.

Schneider Electric and Dell Technologies are collaborating on energy management solutions, leveraging data analytics to improve efficiency. Siemens has launched a new IoT platform aimed at smart manufacturing, emphasizing sustainability.In terms of mergers and acquisitions, Rockwell Automation has made headlines with its acquisition of a software firm dedicated to data analytics for manufacturing in June 2023. Bosch is also strategically acquiring smaller tech companies to bolster its IoT portfolio.

Market growth is driven by an increased focus on automation and real-time data analytics, with UK Government initiatives supporting digital transformation across industries. Over the last couple of years, the demand for Industrial IoT solutions has skyrocketed due to the push for operational efficiency and resilient supply chains, further emphasizing the importance of this sector within the UK's industrial ecosystem.

Future Outlook

UK Industrial Iot Platform Market Future Outlook

The industrial IoT-platform market is projected to grow at a 12.23% CAGR from 2024 to 2035, driven by advancements in automation, data analytics, and connectivity solutions.

New opportunities lie in:

  • Development of predictive maintenance solutions for manufacturing equipment.
  • Integration of AI-driven analytics for real-time decision-making.
  • Expansion of IoT security frameworks to protect industrial data.

By 2035, the market is expected to achieve substantial growth, driven by innovation and strategic investments.

Market Segmentation

UK Industrial Iot Platform Market Component Outlook

  • Sensor
  • Connectivity Hardware
  • Platform Software
  • Analytics

UK Industrial Iot Platform Market Application Outlook

  • Predictive Maintenance
  • Asset Tracking
  • Remote Monitoring
  • Supply Chain Management

UK Industrial Iot Platform Market Deployment Model Outlook

  • On-Premise
  • Cloud-Based
  • Hybrid

UK Industrial Iot Platform Market End Use Industry Outlook

  • Manufacturing
  • Energy and Utilities
  • Transportation and Logistics
  • Healthcare

Report Scope

MARKET SIZE 2024 2199.15(USD Million)
MARKET SIZE 2025 2468.11(USD Million)
MARKET SIZE 2035 7824.5(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 12.23% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Siemens (DE), General Electric (US), Honeywell (US), IBM (US), Cisco (US), Rockwell Automation (US), Schneider Electric (FR), PTC (US), Microsoft (US)
Segments Covered Application, Component, Deployment Model, End Use Industry
Key Market Opportunities Integration of advanced analytics and AI enhances operational efficiency in the industrial iot-platform market.
Key Market Dynamics Rising demand for real-time data analytics drives innovation in the industrial IoT-platform market.
Countries Covered UK

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FAQs

What is the expected market size of the UK Industrial IoT Platform Market in 2024?

The UK Industrial IoT Platform Market is expected to be valued at 2.2 billion USD in 2024.

What will the UK Industrial IoT Platform Market be valued at by 2035?

By 2035, the market is projected to reach a value of 8.69 billion USD.

What is the expected CAGR for the UK Industrial IoT Platform Market from 2025 to 2035?

The expected CAGR for the market during this period is 13.306 percent.

Which application segment is expected to dominate the UK Industrial IoT Platform Market by 2035?

Predictive Maintenance is expected to dominate the market with a value of 3.6 billion USD by 2035.

How much is the Remote Monitoring application segment valued at in 2024?

The Remote Monitoring application segment is valued at 0.5 billion USD in 2024.

What market value is projected for Asset Tracking in 2035?

The Asset Tracking application segment is projected to reach 2.9 billion USD by 2035.

Who are some key players in the UK Industrial IoT Platform Market?

Key players include SAP, Cisco, GE Digital, Honeywell, and Siemens among others.

What is the expected market value for Supply Chain Management by 2035?

The Supply Chain Management application segment is expected to be valued at 0.5 billion USD by 2035.

What growth opportunities exist in the UK Industrial IoT Platform Market?

There are significant growth opportunities in predictive maintenance and asset tracking driven by increased automation.

What impact do current global conflicts have on the UK Industrial IoT Platform Market?

Current global conflicts may affect supply chains, but the market is expected to continue its growth trajectory.

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