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Industrial IoT Market worth $286.3 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, June 24, 2024 /PRNewswire/ — 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 according to a new report by MarketsandMarkets™. Increasing adoption of IPv6, growing adoption of cloud platforms, increased IoT-related government initiatives and R&D activities worldwide, rise in demand for automation in industries, and global rise in internet penetration.

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Browse in-depth TOC on “Industrial IoT Market” 
132 – Tables
69 – Figures
243 – Pages

Industrial IoT Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 194.4 billion

Estimated Value by 2029

$ 286.3 billion

Growth Rate

Poised to grow at a CAGR of 8.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Software, Connectivity Technology, Deployment, Vertical and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Maintenance and updates of IIoT systems

Key Market Opportunities

Predictive maintenance of machinery

Key Market Drivers

Rise in demand for automation in industries

The industrial IoT market for platforms segment is expected to grow at the highest CAGR during the forecast period.

The platforms segment is expected to experience the highest growth rate during the forecast period. The IIoT platform landscape is still maturing compared to hardware. As IIoT adoption grows, the need for robust platforms to manage and analyze the increasing data volume becomes more critical. IIoT generates vast amounts of data, driving the demand for secure storage, powerful analytics tools, and centralized management capabilities offered by platforms. This demand is expected to accelerate the growth of the platform segment. As industries shift towards data-driven decision-making, platforms become more valuable for extracting insights from IIoT data and optimizing processes. This focus on data utilization will further fuel the growth of the platform segment.

The manufacturing sector holds the largest market share in the industrial IoT market for the Asia Pacific.

The manufacturing sector holds the largest market share in the industrial IoT market for the Asia Pacific region, making it a global manufacturing hub. Countries like China, Japan, and South Korea are leading the way in this sector. Industrial IoT provides significant benefits such as predictive maintenance, process optimization, and improved quality control, all of which are crucial for manufacturers.

Asia Pacific is projected to experience the highest growth rate during the forecast period. Many Asian countries are undergoing rapid urbanization, leading to increased investments in smart city initiatives that heavily depend on industrial IoT. Multiple governments in the Asia Pacific region are encouraging the adoption of industrial IoT across various industries through subsidies and infrastructure development plans. The developing economies in the region offer significant potential for industrial IoT solutions as they construct new infrastructure and modernize existing industries.

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Agricultural sector in North America holds the largest market share in industrial IoT market during the forecast period.

The agriculture sector holds the largest market share in the North American industrial IoT industry. Agriculture in North America has significant potential for industrial IoT adoption and growth due to several factors. Industrial IoT enables data-driven farming practices such as precision irrigation, soil monitoring, and targeted crop management. It can optimize resource utilization (water, fertilizers, pesticides), reduce waste, and improve overall farm productivity. Farmers can use industrial IoT for remote monitoring of crops, livestock, and environmental conditions.

Key Players

Some of the leading companies operating in the industrial IoT companies are ABB (Switzerland), General Electric (US), Emerson Electric Co. (US), Intel Corporation (US), Cisco Systems, Inc. (US), SAP SE (Germany), Honeywell International Inc. (US), Siemens (Germany), Huawei Technologies Co., Ltd. (China), Rockwell Automation (US), Arm Limited (UK), PTC (US), Dassault Systèmes (France), IBM (US), Robert Bosch GmbH (Germany), NEC Corporation (Japan), ANSYS, Inc. (US), Worldsensing (Spain), Arundo (Norway), Software AG (Germany), among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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QUIGLEY-SIMPSON LAUNCHES NEW AI DISCOVERABILITY AND VISIBILITY OFFERING

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Agency Helps Brands Improve How They Are Discovered, Understood, Referenced, and Recommended Across AI-Powered Platforms

LOS ANGELES, June 15, 2026 /PRNewswire/ — Quigley-Simpson, the impact-obsessed independent marketing agency, today announced a new AI discoverability and visibility offering designed to help brands improve how they are discovered, understood, referenced, and recommended across AI assistants, large language models (LLMs), search engines, and digital media environments.

As consumers increasingly turn to AI-powered platforms for information, recommendations, and purchasing decisions, brands face a new challenge: ensuring accurate, credible, and authoritative information about their business is available and accessible to both people and AI systems.

“Consumers are no longer discovering brands through search engines, advertising, or social media alone,” said Carl Fremont, CEO of Quigley-Simpson. “AI platforms are becoming an increasingly important source of information and recommendations. Brands must now think beyond traditional visibility and consider how they are represented across the broader AI ecosystem.”

The new capability helps brands understand and improve the signals that influence how AI systems interpret, evaluate, and recommend information. Unlike point solutions focused solely on monitoring AI responses, Quigley-Simpson’s approach combines communications, content, creative, media, analytics, and optimization to help brands actively strengthen their visibility and authority.

Built on the agency’s integrated operating system, the offering leverages expertise from communications, creative, media, analytics, strategy, and technology teams to address this emerging challenge.

“We believe brands now need to market to both humans and machines,” said Jeff Ratner, President, Media, Data & Analytics at Quigley-Simpson. “The information AI platforms use doesn’t appear by accident. It is shaped by content, communications, media signals, authority, and credibility across the digital ecosystem. What differentiates our approach is our ability to move beyond diagnosis and activate solutions through integrated communications, creative, media, and analytics programs.”

Historically, communications strategies were designed primarily to influence people. Today, they also influence the systems increasingly shaping consumer discovery and decision-making.

“Brands have spent decades optimizing how they communicate with consumers,” said Alissa Stakgold, President Strategy and Creative Services, at Quigley-Simpson. “Now they must also consider how they communicate with the AI systems that summarize, interpret, and distribute information at scale. This capability helps brands better understand those dynamics and respond strategically.”

The offering combines proprietary methodologies with leading third-party technologies, including AI visibility and monitoring platforms, while leveraging Quigley-Simpson’s broader media, analytics, and intelligence infrastructure.

Initial services include:

• AI visibility and discoverability audits
• Brand authority and citation analysis
• Competitive benchmarking
• Communications and content strategy
• Creative and messaging optimization
• Media and content amplification
• AI response monitoring and reporting
• Ongoing optimization and measurement

The framework is built around five core pillars: Content, Credibility, Connections, Coverage, and Calibration.

Together, these pillars help brands strengthen the signals that influence how AI systems interpret, reference, and recommend information while improving consistency across communications, content, media, and customer experiences.

ABOUT QUIGLEY-SIMPSON:
Headquartered in Los Angeles, with an office in New York City, Quigley-Simpson is the largest WBENC-certified woman-owned advertising agency in the country and an impact-obsessed marketing partner for brands seeking measurable growth. Its fully integrated offerings span brand strategy, creative development, media planning and buying, digital performance, analytics, and AI-enabled solutions. For 25 years, Quigley-Simpson has helped brands break through growth barriers by connecting brand building with business outcomes. As a full-solutions, full-journey agency, it transforms insights into action and action into measurable impact, delivering results that drive long-term growth and competitive advantage. Clients include industry leaders such as JPMorgan Chase and Procter & Gamble, alongside high-growth brands including Generac, Simply Business, Finance of America, and Kumon. Quigley-Simpson’s approach is rooted in a simple philosophy: be Brand-led, Demand-driven, and Impact-obsessed.

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SOURCE Quigley-Simpson

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Dialogica Emerges from Stealth to Empower Lawyers to Reclaim Their Time

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New class of legal cognition provides fully secure, local platform to remove the rote, non-billable work that slows lawyers down

SANTA MONICA, Calif., June 15, 2026 /PRNewswire/ — Dialogica (“Dia”), the new, voice-first class of legal cognition built to empower lawyers to reclaim their time while preserving legal judgment, trust, and confidentiality, announced its public launch today. The company is supported by Ground Up Ventures, led by Cory Moelis, and global leading lawyers, including Tom Glocer, ex-CEO of Thomson Reuters, and members of the board of directors at Morgan Stanley and Merck, Scott Taylor, former GC of Symantec, Health Ingram, a Top 40 BioTech Regulatory Counsel and Partner at Goodwin Proctor, and partners at various AmLaw 50 law firms.

Dia was built to free lawyers from the rote work that holds firms back, like calendaring, timekeeping, redlining, precedent searching, tracking clients, matters, deals, and cases, and much more, so they can focus on what they do best. Sensitive firm data stays within the firm’s walls, and Dia works seamlessly with the systems and technology already in place. The result is more billable time and revenue per lawyer, and more room for work-life balance that is rarely afforded in the industry.

The launch comes as current ‘last mile’ legal AI tools have focused on the drafting work that lawyers spend years training to do. Dia is focused on the first mile of legal work; this is the high-friction layer where matters start, where time is lost, and where repetitive work slows lawyers down. It operates as a horizontal, voice-first dialogue layer that strengthens what firms already have rather than replacing it, and was built to provide a practical, secure way to give lawyers an intuitive, easy-to-use system while maintaining the standards of security, confidentiality, and control that their clients demand.

“I spent years watching my colleagues, and brilliant lawyers, lose hours every single day to work that had nothing to do with being a lawyer,” said Austin Worrell, Co-Founder and CEO, Dialogica. “We built Dia to give lawyers this time back, without touching their judgment, training on firm data, or asking anyone to change how they work. We want lawyers to be able to focus on counsel, strategy, and client services; the work that defines a great law firm, and that no AI could ever replace.”

“We built Dia to be the first platform that works the way law firms already operate, rather than force them into a new system,” said Joshua Goodman, Co-Founder and CTO, Dialogica. “At the same time, Dia does not compromise on security, ensuring firms get all the benefits without anything leaving their environment. This is an exciting moment to work with firms that want to move now to define the modern legal practice and future-proof their practices.”

Scott Joachim serves as President of Dialogica, and has almost three decades of experience as a corporate attorney. He previously served as Co-Chair of the Global Private Equity Practice at Paul Hastings, an “American Lawyer Top 25” international law firm, and chair of the private equity practice at leading technology law firm Fenwick and West. He also serves as an adjunct professor at Columbia University. “The intersection of law and technology is at a critical inflection point. I joined Dialogica because I’ve seen first-hand the inefficiencies and frictions in law practice that our products solve. The numbers are undeniable.”

“There is nothing in the market right now making non-billable hours more productive,” said Cory Moelis, General Partner, Ground Up Ventures. “In a field where privacy is absolutely critical, you can’t just build using foundational models. Assistants are emerging as the next wave as models become commodities, and that’s why I’m thrilled to be involved with Dialogica, as they are ahead of this curve.”

About Dialogica
Dialogica, Inc. is the company behind Dia, a secure amplified intelligence platform built to help law firms clear the clutter of daily practice while preserving the legal judgment, client trust, and confidentiality that define the profession. Designed for the operating realities of sophisticated firms, Dia is a voice-first dialogue layer that works across existing systems to reduce repetitive, non-billable work and give lawyers more time for the counsel, strategy, analysis, and client service only they can provide. For more information, visit: dialogicaai.com.

Media Contact
Dialogica@5wpr.com

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NEUBERGER MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION

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NEW YORK, June 15, 2026 /PRNewswire/ — Neuberger Municipal Fund Inc. (NYSE American: NBH) (the “Fund”) has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on July 15, 2026, has a record date of June 30, 2026, and has an ex-date of June 30, 2026. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders.

The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor’s cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2026 will be made after the end of the year.

About Neuberger

Neuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.

Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund’s investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

Contact:
Neuberger Berman Investment Advisers LLC
Investor Information
(877) 461-1899

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