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 SCADA Market is expected to reach USD 18,675.4 million by 2031 from an estimated USD 10,213.6 million in 2024, at a CAGR of 9% during the forecast period 2024–2031. Factors such as the rising adoption
The Smart Manufacturing Market is expected to grow at a CAGR of 21.5% from 2022 to reach $446.24 billion by 2029. The growth of the smart manufacturing market is majorly attributed to the growing government initiatives