Industrial Automation Boosts Growth of Internet of Things Market: Technavio Report
Monday, 11 March 2024, 06:00
Internet of Things Market Growth
The Internet of Things market is on track to experience substantial growth, with an estimated increase of USD 1,036.83 billion from 2022 to 2027, according to a report by Technavio. The rapid expansion is largely fueled by the rising demand for industrial automation.
Key Insights:
- The projected growth of USD 1,036.83 billion highlights the immense potential of the IoT market.
- Technavio's report underscores the crucial role of industrial automation in driving this growth.
The IoT market is poised for significant advancements in the upcoming years, offering promising opportunities for investors and stakeholders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.