Industrial Internet of Things (IIoT) Market 2021 | $216.13 billion in 2020 and is expected to grow to about $1.1 trillion by 2028

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https://www.datamation.com/trends/industrial-internet-of-things-iiot-market/

The global IIoT market was valued at about $216.13 billion in 2020 and is expected to grow to about $1.1 trillion by 2028, according to Grand View Research.

Swift digital transformations happening as a result of the pandemic are some of the leading factors for the aggressive growth rate. IIoT equipment manufacturers are increasingly finding more affordable and accessible ways to develop IIoT sensors and processors, meeting the demand for increased operational automation. As a growing number of enterprises lean into automated assembly lines and operations as well as other “unified digital-human workforce” strategies, IIoT is expected to grow in virtually every global industry.