Nordic Countries Industrial Internet Of Things Market Size & Outlook
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Nordic Countries industrial internet of things market highlights
- The Nordic Countries industrial internet of things market generated a revenue of USD 19,544.5 million in 2024 and is expected to reach USD 75,024.1 million by 2030.
- The Nordic Countries market is expected to grow at a CAGR of 25.2% from 2025 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2024.
- Platform is the most lucrative component segment registering the fastest growth during the forecast period.
Industrial internet of things market data book summary
| Market revenue in 2024 | USD 19,544.5 million |
| Market revenue in 2030 | USD 75,024.1 million |
| Growth rate | 25.2% (CAGR from 2025 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Platform |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service, Platform |
| Key market players worldwide | ABB Ltd, ARM Holdings PLC ADR, Microchip Technology Inc, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, Intel Corp, International Business Machines Corp, Microsoft Corp, Rockwell Automation Inc, Schneider Electric SE, Siemens AG |
Other key industry trends
- In terms of revenue, Nordic Countries accounted for 4.0% of the global industrial internet of things market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany industrial internet of things market is projected to lead the regional market in terms of revenue in 2030.
- Nordic Countries is the fastest growing regional market in Europe and is projected to reach USD 75,024.1 million by 2030.
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Industrial Internet Of Things Market Scope
Industrial Internet Of Things Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Microchip Technology Inc | View profile | 22600 | 2355 West Chandler Boulevard, Chandler, AZ, United States, 85224-6199 | https://www.microchip.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| ARM Holdings PLC ADR | View profile | 7096 | 110 Fulbourn Road, Cambridge, United Kingdom, CB1 9NJ | https://www.arm.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Nordic Countries industrial internet of things market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial internet of things market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.19% in 2024. Horizon Databook has segmented the Nordic Countries industrial internet of things market based on solution, service, platform covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Nordic Countries industrial internet of things market databook
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Our clientele includes a mix of industrial internet of things market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Nordic Countries industrial internet of things market , including forecasts for subscribers. This country databook contains high-level insights into Nordic Countries industrial internet of things market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Nordic Countries Service - Industrial Internet Of Things Market, 2024 - 2030 (US$M)
Nordic Countries Industrial Internet Of Things Market Outlook Share, 2024 & 2030 (US$M)
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