The rapid adoption of advanced technologies, such as big data, cloud computing, and machine learning along with the increasing trend of remote working are the prominent factors driving the growth of the global industrial IoT (IIoT) market.
The global industrial IoT (IIoT) market was estimated at USD 76.1 billion in 2020, and it is projected to reach USD 107.2 billion by 2027, growing at a CAGR of 7.1% during the forecast period 2021 - 2027.
The report consists of streamlined financial information obtained from various research sources to provide specific and trustworthy analysis. Evaluation of the key market trends with a positive impact on the market over the following couple of years, including an in-depth analysis of the market segmentation, comprising of sub-markets, on a regional and global basis. The report also provides a detailed outlook about the market share along with strategic recommendations, based on emerging segments.
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Industrial IoT Market Leading Vendors:
General Electric (GE), Cisco Systems, Inc., Intel Corporation, Rockwell Automation, Inc., Texas Instruments Inc., Dassault Systèmes, ABB Group, Honeywell International Inc., Huawei Technology Co., Ltd., IBM Corporation, Siemens AG, Microsoft Corporation, Bosch, Kuka, PTC, ARM, NEC, SAP and Among Others