Industrial IoT Market Size, Share, Top Companies and Forecast 2024-2032
The latest report by IMARC Group, titled “ Industrial IoT Market Report by Component (Hardware, Software, Services, Connectivity), End User (Manufacturing, Energy and Utilities, Automotive and Transportation, Healthcare, and Others), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global Industrial IoT market size reached US$ 255.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 806.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.2% during 2024-2032. Factors Affecting the Growth of Industrial IoT Industry: Increasing Demand for Operational Efficiency: The quest for operational efficiency is a key driver propelling the adoption of IIoT solutions across industries. Businesses are constantly seeking ways to optimize their processes, reduce downtime, and enhance productivity. IIoT technologies offer a myriad of solutions to address these challenges. By leveraging sensors, actuators,...