The IoT in manufacturing market is projected to have a market share of US$ 948.6 billion by 2033 while it is likely to be valued at US$ 265.2 billion in 2023 The limited amount of malfunction and its early detection along with the capability of IoT that senses temperature, voltage, and vibration is making it …
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IoT in Manufacturing Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2032
According to a recent analysis issued by FMI, the IoT in manufacturing market share is likely to reach US$ 399.08 billion by 2026, up from US$ 175.3 billion in 2020, accounting for 14.50% CAGR through 2022-2032. The ecosystem’s diversity of significant stakeholders has resulted in a competitive and diversified adoption of IoT in manufacturing market. The Internet of Things …