Home › News Updates › Quality Magazine Recognizes MarketsandMarkets Research on Industrial IoT Market
MarketsandMarkets was recently cited in an article on industrial IoT market published by Quality Magazine, highlighting the current and future scenario of the market.
Internet of Things (IoT) is making its presence felt not only in the computing world but also in all the industries like manufacturing, energy & power, and healthcare, among others. It is predicted to play a vital role in optimizing the quality of manufacturing as robots and machine controls are increasingly becoming an integral part of operations. The global IIoT market is expected to be worth USD 195.47 Billion by 2022, growing at a CAGR of 7.89% between 2016 and 2022, owing to the technological advancements in semiconductor and electronics industries and evolving cloud computing technologies.
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Report mentioned in the above news is,
Industrial IoT Market by Device & Technology (Sensors, RFID, Industrial Robotics, DCS, Condition Monitoring, Smart Meters, AHS, Camera System, Networking Technologies), Software (PLM Systems, MES, SCADA), Vertical, and Geography - Global Forecast to 2022
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