The analysis estimates that the global IoT in manufacturing market, which had a market value of $198.25 billion in 2020, will increase at a CAGR of 22.6% from 2021 to 2030 to reach $1,495.65 billion. The demand for real-time asset monitoring has increased, and smart sensors, virtual & augmented reality, and other technological breakthroughs have …
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Advent of connected operational intelligence and rapid adoption of cloud-based deployment model would open new opportunities for the market players in the future. The rise in demand for real-time asset monitoring and advancements in technologies including smart sensors and virtual & augmented reality have boosted the growth of the global IoT in manufacturing market. Key …
Continue reading “IoT in Manufacturing Market: $1,495.65 Billion by 2030, at 22.6% of CAGR”
