Industrial IoT Companies - Huawei Technologies Co., Ltd. (China) and Cisco Systems, Inc. are the Key Players

 The industrial IoT market is valued at USD 194.4 billion in 2024 and is projected to reach USD 286.3 billion by 2029; it is expected to grow at a CAGR of 8.1% from 2024 to 2029. Global rise in internet penetration, growing adoption of cloud platforms, and increasing adoption of IPv6 are some of the key drivers driving the growth of industrial IoT market.

Huawei Technologies Co., Ltd.

Huawei Technologies Co., Ltd. is one of the global leaders in providing information and communications technology (ICT) infrastructure and smart devices. The company specializes in telecom networks, IT, smart devices, and cloud services to deliver digital solutions to individuals, households, and organizations for a fully connected and intelligent world. Huawei offers a wide range of products and services for telecom carriers, including wireless and fixed networks, cloud core networks, carrier software, IT infrastructure, network energy, professional services, and network rollout services. Moreover, Huawei has built a digital infrastructure platform using cloud computing, software-defined networking, big data, and IoT to drive the digital transformation of various sectors such as government, public utilities, finance, energy, transport, and manufacturing. In addition, Huawei provides smartphones, tablets, wearable devices, and home devices, along with applications for consumers and businesses.

Narrowband IoT (NB-IoT) offered by the company facilitates wide coverage; many connections; low data rates, low costs and power consumption; and optimized architecture. It perfectly satisfies the need for IoT deployment in numerous industries. The IoT connection management platform provides an access agnostic, open, flexible, and secure connection management platform. The company offers IoT solutions for multiple domains, such as public utilities, logistics, manufacturing, and smart cities.

Cisco Systems, Inc.

Cisco Systems, Inc. designs and sells a wide range of products, including telecommunications equipment and networking hardware. The company provides services and solutions for global network connectivity. It offers secure technology platforms with reliability, safety, and flexibility across various industries. The company caters to a vast clientele in over 70 countries in the Americas, Asia Pacific, Japan, and China (APJC), and Europe across verticals such as BFSI, healthcare, travel and hospitality, education, retail, and transportation.

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The company has two reportable business segments—Product and Service. It has grouped its products and technologies into the following categories—Infrastructure Platforms, Applications, Security, Other, and Service. In addition, the company provides a broad range of services, including technical support services and advanced services. Infrastructure Platforms consist of the company’s core networking technologies of switching, routing, wireless, and data center products designed to deliver networking capabilities and transport and/or store data. The Applications product category primarily consists of software-related offerings that utilize the core networking and data center platforms to provide their functions. The Security product category primarily includes network security, cloud and email security, identity and access management, advanced threat protection, and unified threat management products. The Other Products category primarily consists of cloud and system management and emerging technology products. The company provides IoT products for applications such as manufacturing, utilities, transportation, and smart cities. Their industrial routers are ideal for multiple machine-to- machine (M2M) applications such as utility distribution automation, oil & gas, water, wastewater management, and roadside infrastructure monitoring. The Cisco Embedded IoT Portfolio includes access points, routers, and switches that utilize Cisco’s networking technology packaged into highly ruggedized, low size, weight, and power networking components. Their small form factor, coupled with mobile and edge-specific features, make these products ideal for applications across industries such as mining, oil & gas, transportation, shipping, and defense, where highly secure, reliable performance is required during extreme conditions.

Some of the subsidiaries of the company are Cisco Albania SHPK (Albania), Cisco Do Brasil (Brazil), Cisco Fast Data (Delaware), Cisco International (UK), and Cisco International Taiwan (Taiwan).