Industrial Internet of Things (IIoTs) has drawn significant attention in the industry. Among its rich applications, the field’s video surveillance deserves particular interest due to its advantage in better understanding network control. However, existing decoding methods are limited by the video coding order, which cannot be decoded in parallel, resulting in low decoding efficiency and the inability to process the massive amount of video data in real time. In this work, a parallel decoding framework based on the speculative technique is proposed. In particular, the video is first speculatively decomposed into data blocks, and then a verification method is designed to ensure the correctness of the decomposition. After verification, the data blocks having passed the validation can be decoded concurrently in the parallel computing platform. Finally, the concurrent decoding results are concatenated in line with the original encoding order to form the output. Experiments show that compared with traditional serial decoding ones, the proposed method can improve the performance by 9 times on average in the parallel computing environment with NVIDIA Tegra 4 chips, thus significantly enhancing the real-time video data’s decoding efficiency with guaranteed accuracy. Furthermore, proposed and traditional serial methods obtain almost the same peak signal-to-noise ratio (PSNR) and mean square error (MSE) metrics at different bit rates and resolutions, showing that the introduction of the speculative technique does not degrade the decoding accuracy.