The Expanding Influence of IoT: Driving Global Digital Transformation Across Industries
In 2023, the Industrial IoT Market was valued at $105.4 billion. It is projected to grow to $408.2 billion by 2031, achieving a compound annual growth rate (CAGR) of 19.3% from 2024 to 2031.
The Internet of Things (IoT) is
TOP 10 COMPANIES IN INDUSTRIAL IOT MARKET
The Industrial IoT Market is expected to reach $276.79 billion by 2029, at a CAGR of 16% during the forecast period of 2022–2029. The industrial IoT (IIoT) has been rapidly adopted across several industry verticals, including manufacturing, logistics,