Industrial Internet of Things (IIoT) Market is Projected To Reach USD 102460 Million By 2028 At A CAGR Of 5.3% - Valuates Reports
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Tuesday, June 21, 2022
Solution, CAGR, Wind, Close coupled field technology, Industry, Safety, Decision-making, Metal, Internet, Growth, Efficiency, IOT, Health, Adoption, Medicine, USD, Industrial, Rotation, Industrial internet of things, Internet of things, Automation, Telemetry, Application, Transport, Organization, IIOT, Wireless, Twin Metals mine (Ely, MN), Medical device, Renewable energy, Retail, Health care, Mining
The global Industrial Internet of Things (IIoT) market size is projected to reach USD 102460 million by 2028, from USD 71160 million in 2021, at a CAGR of 5.3% during 2022-2028.
Key Points:
- The global Industrial Internet of Things (IIoT) market size is projected to reach USD 102460 million by 2028, from USD 71160 million in 2021, at a CAGR of 5.3% during 2022-2028.
- Major Factors Driving The Growth of the Industrial Internet of Things Market are:
The growth of the IIoT industry is driven by the increasing adoption of Industry 4.0. - The increasing use of IIoT in the manufacturing sector is expected to drive the growth of the industrial internet of things market.
- The rising adoption of IIoT in Mining is expected to further propel the industrial internet of things market.