Global Industrial IOT Market is Expected to Reach $114.57 Billion by 2024

According to a new market intelligence report by BIS Research titled 'Global Industrial IoT Market - Analysis and Forecast, 2019-2024', The global Industrial IoT market accounted for a revenue of $72.34 billion in 2018 and is expected to reach $114.57 billion by 2024, at a CAGR of 8.67%during the forecast period.
BIS Research Reports : https://bisresearch.com/industry-report/industrial-internet-of-things-iot-market.html
Due to increased market competitiveness and hence the rising need for quicker delivery of goods led to the adoption of automated machinery, robotics, and intelligent platforms, as the human dependency in manufacturing techniques can be substantially reduced, and lag timings could be easily avoided. Moreover, in recent years, due to the advent of Industry 4.0, manufacturing companies are looking to collaborate with third-party vendors and technology firms to automate their factories.
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Key Questions Answered in the Report:
o What was the total revenue generated by the global Industrial IoT market in 2018, and how is it expected to grow during 2019-2024?
o What are the major driving forces, trends, challenges, and growth opportunities that can to influence the global Industrial IoT market during the forecast period 2019-2024?
o Who are the key players in the Industrial IoT space among hardware vendors, network operators,
system integrators, application vendors, and what was their respective market share in 2018?
o Which sub-segment (hardware, platform, services, and connectivity) of the ecosystem of global Industrial IoT market is expected to dominate during the forecast period?

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BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

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