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IoT Automation and Control Systems Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
• Market Size (2024): USD 25.46 Billion
• Forecast (2031): USD 65.04 Billion
• CAGR (2025-2031): 16.5%
• Top Players: Siemens AG, Schneider Electric, Honeywell International
• Growth Drivers: Industrial automation, smart homes, and IoT-enabled devices
• Regions Covered: North America, Asia-Pacific, Europe, RoW
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What is the market size of IoT Automation and Control Systems?
The global market for IoT Automation and Control Systems was valued at US$ 25460 million in the year 2024 and is projected to reach a revised size of US$ 65040 million by 2031, growing at a CAGR of 16.5% during the forecast period.
Market Segmentation
By Type:
• Hardware
• Software
By Application:
• Household
• Agriculture
• Industry
• Other
Who are the key players in the IoT Automation and Control Systems market?
Siemens AG, Schneider Electric, Honeywell International, Rockwell Automation, Cisco Systems, GE Digital, IBM Corporation, Microsoft (Azure IoT), Parker Hannifin, Bosch Rexroth
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