Global IIoT market set to hit $263bn in 2027
Global IIoT market set to hit $263bn in 2027 DUBLIN, March 10, 2021 The global industrial IoT (IIoT) market is expected to reach $263.4 billion by 2027, growing at a CAGR of 16.7% during the forecast period of 2019 to 2027, a report said. This market is majorly driven by the factors such as extensive government support in encouraging digitalization across the industrial sector, rise in adoption of industrial IoT devices, and growing incorporation of cloud computing platforms. In addition, the use of industrial IoT for predictive maintenance and rising number of data centers provides sig...
Source: tradearabia.com