Industrial Internet of Things (IIoT) Market


Industrial Internet of Things (IIoT) Market was valued US$ 95.5 Bn in 2017 and expected to reach US$ 180.2 Bn In 2026, at CAGR of 8.26% during forecast period. Global Industrial Internet of Things Market Major factors driving the growth of the IIoT market include technological advancements in semiconductor and electronics devices, availability of automation solutions, improved data rates, and coverage of communication technologies, increasing use of cloud computing platform, growing adoption of IPv6, and support from governments worldwide moving to the adoption of IIoT solutions. An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place, The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth.

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