The Global IoT Industrial Automation Software Market was valued at USD 191.89 Billion in 2023 and is projected to reach USD 396.57 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2023–2032). This growth is being driven by the increasing adoption of AI and machine learning in manufacturing processes, rising demand for real-time data analytics from emerging economies, and the accelerating integration of IoT solutions for predictive maintenance across automotive, aerospace, and electronics sectors.
As the industrial landscape evolves toward smart factories and Industry 4.0 paradigms, the focus sharpens on the leading software providers fueling connectivity, optimization, and resilience. In this blog, we profile the Top 10 Companies in the IoT Industrial Automation Software Industry—a blend of established automation giants, innovative tech firms, and global integrators redefining operational efficiency worldwide.
🔟 1. Hitachi Ltd.
Headquarters: Tokyo, Japan
Key Offering: Lumada IoT Platform, Industrial Automation Software Suites
Hitachi stands as a powerhouse in IoT-driven industrial solutions, leveraging its Lumada platform to integrate sensors, data analytics, and automation for enhanced manufacturing workflows. The company’s software empowers factories to achieve seamless connectivity between machines, enabling predictive maintenance and energy optimization that minimize downtime and boost productivity across diverse sectors like energy and transportation.
Digital Innovation Initiatives:
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Deployment of AI-enhanced edge computing for real-time decision-making
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Collaborations with global manufacturers for customized IoT implementations
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Aiming for carbon-neutral operations through sustainable IoT architectures by 2030
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9️⃣ 2. Fortive Corporation
Headquarters: Everett, Washington, USA
Key Offering: Fluke Reliability Solutions, IoT-Enabled Automation Tools
Fortive excels in delivering IoT software that focuses on asset management and reliability, serving industries from oil and gas to pharmaceuticals. Its platforms integrate with existing hardware to provide actionable insights, helping organizations reduce operational risks and improve equipment lifespan through advanced monitoring and diagnostics.
Digital Innovation Initiatives:
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Expansion of cloud-based analytics for remote asset tracking
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Partnerships with sensor manufacturers to enhance data accuracy
8️⃣ 3. Emerson Electric Co.
Headquarters: St. Louis, Missouri, USA
Key Offering: Plantweb Digital Ecosystem, DeltaV Automation Systems
Emerson’s IoT software solutions are renowned for their role in process automation, particularly in chemical and food processing industries. The Plantweb platform connects disparate systems into a unified network, facilitating real-time oversight and automated adjustments that drive efficiency and compliance with stringent safety standards.
Digital Innovation Initiatives:
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Integration of machine learning for anomaly detection in production lines
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Global rollout of wireless IoT networks for flexible factory setups
7️⃣ 4. Honeywell International Inc.
Headquarters: Charlotte, North Carolina, USA
Key Offering: Honeywell Forge, Connected Industrial Software
Honeywell leads with its Forge platform, which harnesses IoT to optimize building and industrial operations, from aerospace assembly to semiconductor fabrication. By combining AI with IoT data streams, the software enables proactive interventions, cutting costs and enhancing safety in high-stakes environments.
Digital Innovation Initiatives:
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Target of 20% efficiency gains through AI-IoT fusion by 2025
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Strategic alliances with cloud providers for scalable IoT deployments
Download FREE Sample Report: IoT Industrial Automation Software Market – View in Detailed Research Report
6️⃣ 5. Schneider Electric SE
Headquarters: Rueil-Malmaison, France
Key Offering: EcoStruxure Platform, IoT Automation Software
Schneider Electric’s EcoStruxure is a comprehensive IoT ecosystem that supports energy management and automation in utilities and manufacturing. It allows for granular control over processes, integrating sustainability metrics to help companies meet ESG goals while maintaining high operational throughput.
Digital Innovation Initiatives:
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Advancement in edge-to-cloud architectures for low-latency automation
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Commitment to zero-downtime IoT solutions via redundant systems
5️⃣ 6. General Electric Company
Headquarters: Boston, Massachusetts, USA
Key Offering: Predix Platform, Industrial IoT Software
GE’s Predix platform revolutionized industrial IoT by providing robust analytics for heavy industries like power generation and aviation. It processes vast amounts of sensor data to forecast failures, optimize performance, and integrate with legacy systems for a smoother transition to digital operations.
Digital Innovation Initiatives:
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Current deployment serving over 50 million connected assets
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Expansion to hybrid cloud models for enhanced data security
4️⃣ 7. Bosch Ltd.
Headquarters: Gerlingen, Germany
Key Offering: Nexeed Software Suite, IoT for Manufacturing
Bosch’s IoT software emphasizes connected production, particularly in automotive and consumer goods sectors. Nexeed enables end-to-end visibility, from supply chain to assembly lines, using AI to streamline workflows and reduce waste through intelligent resource allocation.
Digital Innovation Initiatives:
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Focus on cybersecurity protocols for secure IoT networks
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Investments in 5G-enabled automation for faster data transmission
3️⃣ 8. ABB Ltd.
Headquarters: Zurich, Switzerland
Key Offering: ABB Ability Platform, Digital Automation Solutions
ABB is at the forefront of robotics and automation, with its Ability platform integrating IoT for smart factories. It supports applications in electronics and heavy machinery, offering tools for simulation, control, and optimization that adapt to varying production demands dynamically.
Digital Innovation Initiatives:
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In-house R&D for AI-driven process simulations
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Collaborations with governments for Industry 4.0 standards adoption
2️⃣ 9. Rockwell Automation Inc.
Headquarters: Milwaukee, Wisconsin, USA
Key Offering: FactoryTalk Software, Connected Enterprise Solutions
Rockwell Automation’s FactoryTalk suite bridges IT and OT through IoT, enabling manufacturers in the auto and food industries to achieve scalable automation. The software’s modular design allows for quick integrations, supporting agile responses to market changes and regulatory requirements.
Digital Innovation Initiatives:
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Aims to connect 100 million devices by 2025
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Major push into augmented reality for remote troubleshooting
1️⃣ 10. Siemens AG
Headquarters: Munich, Germany
Key Offering: MindSphere IoT OS, SIMATIC Automation Software
Siemens dominates the IoT industrial automation space with MindSphere, an open IoT platform that fosters ecosystem partnerships for comprehensive digital twins. It serves aerospace, semiconductors, and beyond, delivering simulations and analytics that propel innovation and operational excellence.
Digital Innovation Initiatives:
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End-to-end solutions for digital twins in virtual commissioning
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Strategic partnerships with app developers for ecosystem growth
Read Full Report: IoT Industrial Automation Software Market – View in Detailed Research Report
🌍 Outlook: The Future of IoT Industrial Automation Software Is Connected and Intelligent
The IoT industrial automation software market is experiencing rapid evolution. Although on-premise solutions remain prevalent in legacy setups, the sector is channeling significant resources into cloud-based innovations, AI integrations, and cybersecurity frameworks to support resilient, scalable operations.
📈 Key Trends Shaping the Market:
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Accelerated adoption of edge computing in Asia-Pacific and Europe
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Regulatory emphasis on data privacy and standards compliance by 2030
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Hybrid cloud models for seamless OT-IT convergence
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Strategic alliances between software firms and hardware providers for end-to-end solutions
Market Trends Shaping IoT Industrial Automation Software
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Integration of AI and Machine Learning — AI algorithms are increasingly embedded in IoT platforms to predict equipment failures and optimize workflows, with companies like Siemens leading in advanced analytics that reduce unplanned downtime by up to 30%.
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Shift Toward Cloud-Based Deployments — While on-premise systems offer control, cloud solutions provide scalability and remote access, driving growth in multi-site operations as seen in Honeywell’s Forge expansions.
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Enhanced Cybersecurity Measures — With rising cyber threats, platforms are incorporating blockchain and zero-trust models; ABB’s initiatives exemplify this focus on securing connected devices in critical infrastructures.
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5G and Edge Computing Advancements — Low-latency 5G networks enable real-time IoT applications in auto and aerospace, where Rockwell’s FactoryTalk leverages edge processing for faster decision-making.
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Sustainability-Driven Innovations — Software tools for energy monitoring and green manufacturing are gaining traction, aligning with global ESG mandates as pursued by Schneider Electric’s EcoStruxure.
Read Full Report: IoT Industrial Automation Software Market – View in Detailed Research Report
The companies listed above are not only powering global manufacturing—they’re spearheading the digital transformation of industries.