Forecasting the Industrial Internet of Things Market: Trends, Challenges, and Opportunities (2022-20

“The Industrial Internet of Things Market is expected to grow from USD 75.61 billion in 2021 to USD 116.10 billion by 2028 at a CAGR of 6.3% during the forecast period”.
Asia Pacific dominated the market in 2021, driven by its manufacturing prowess and attracting significant investments. The region's growth is fueled by population expansion, R&D investments, and the surge of IT companies focusing on cloud services and big data analytics.