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 Smart Retail Market is expected to reach $91.36 billion by 2030, at a CAGR of 22.4% during the forecast period of 2023–2030. The growth of this market is attributed to the growing significance of enhancing customer experiences