South Korea Industrial Internet of Things (IoT) Market to 2032

Overview

The South Korea Industrial Internet of Things (IoT) Market is expected to reach a 35,951.89 USD Billion by 2032 and is projected to grow at a CAGR of 16.71% from 2025 to 2032.

Revenue, 2024 (USD Billion)

14,918.07

Forecast, 2032 (USD Billion)

35,951.89

CAGR, 2024 - 2032

16.71%

Report Coverage

South Korea

South Korea Industrial Internet of Things (IoT) Market 2018-2032 USD Billion

South Korea Industrial Internet of Things (IoT) Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 14,918.07 USD Billion
Projected Market Size (2032): 35,951.89 USD Billion
CAGR (2025-2032): 16.71%

Key Findings of South Korea Industrial Internet of Things (IoT) Market

The South Korea Industrial Internet of Things (IoT) Market was valued at 14,918.07 USD Billion in 2024.
The South Korea Industrial Internet of Things (IoT) Market is likely to grow at a CAGR of 16.71% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Wired in Connectivity Segment accounted for the largest share of the market with a revenue of 7,224.10 USD Billion
The fastest growing segment Sensors in Technology Segment grew Fastest with a CAGR of 19.67% during the forecast period from 2024 to 2032.

South Korea Industrial Internet of Things (IoT) Market Scope

South Korea Industrial Internet of Things (IoT) Market Segmentation & Scope

Technology

Electronic Shelf Label
Guidance & Steering
Flow & Application Control Device
Smart Beacon
Smart Meters
Yield Monitoring
Condition Monitoring
Interface Board
RFID
Networking Technology
GPS/GNSS
Distributed Control System
Cameras
Industrial Robotics
Sensors

Application

Others
Farm Management System
Retail Management Software
Remote Patient Monitoring
Visualization Software
Outage Management System
Transit Management System
Distribution Management System
PLM
MES
SCADA

Connectivity

Hybrid
Wireless
Wired

End Use

Others
Agriculture
Retail
Healthcare
Metal & Mining
Oil & Gas
Energy
Transportation & Logistics
Manufacturing

South Korea Industrial Internet of Things (IoT) Market Data Coverage Insights

Study Period	2024-2032
Base Year	2020
Unit	Revenue in USD Billion
Market Value in 2024	14,918.07 USD Billion
Market Value in 2032	35,951.89 USD Billion
CAGR (2025-2032)	16.71%
Historic Data	2016-2023
Market Segments Covered	Technology,Application,Connectivity,End Use

Regional Insights:

Leading Market (2024-2032): South Korea, leading in terms of revenue 14,918.07 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 14,918.07 USD Billion in 2024.

Segments and Scope

South Korea Industrial Internet of Things (IoT) Market to 2032, By Technology
- Sensors is the largest segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a revenue of 2,980.51 USD Billion in the year 2024.
- Sensors is the Fastest growing segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a Growth rate of 19.67 % in forecast period 2025-2032.
South Korea Industrial Internet of Things (IoT) Market to 2032, By Application
- SCADA is the largest segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a revenue of 3,668.46 USD Billion in the year 2024.
- SCADA is the Fastest growing segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a Growth rate of 18.12 % in forecast period 2025-2032.
South Korea Industrial Internet of Things (IoT) Market to 2032, By Connectivity
- Wired is the largest segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a revenue of 7,224.10 USD Billion in the year 2024.
- Wireless is the Fastest growing segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a Growth rate of 16.47 % in forecast period 2025-2032.
South Korea Industrial Internet of Things (IoT) Market to 2032, By End Use
- Manufacturing is the largest segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a revenue of 4,718.87 USD Billion in the year 2024.
- Manufacturing is the Fastest growing segment in South Korea Industrial Internet of Things (IoT) Market to 2032 with a Growth rate of 17.95 % in forecast period 2025-2032.

South Korea Industrial Internet of Things (IoT) Market Company Share Analysis

Company Name
IBM Corporation
Siemens
Cisco Systems, Inc.
General Electric

South Korea Industrial Internet of Things (IoT) Market Geographical Sales Distribution, 2018-2032 USD Billion

South Korea Industrial Internet of Things (IoT) Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the South Korea Industrial Internet of Things (IoT) Market?

The South Korea Industrial Internet of Things (IoT) Market is segmented based on Segmentation Technology,Application,Connectivity,End Use.

What is the current market size of the South Korea Industrial Internet of Things (IoT) Market?

South Korea Industrial Internet of Things (IoT) Market was valued at USD 14,918.07(Revenue in USD Billion) in 2020.

What is the expected growth rate of the South Korea Industrial Internet of Things (IoT) Market?

South Korea Industrial Internet of Things (IoT) Market is projected to grow at a CAGR of 16.71% during the forecast period of 2024 to 2032.

Which is the dominating segment in the South Korea Industrial Internet of Things (IoT) Market?

The Wired segment is expected to dominate the South Korea Industrial Internet of Things (IoT) Market, holding a largest market share of 7,224.10 USD Billion in 2024

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