Report Ocean has released a research study titled “Asia Pacific Industrial Internet of Things (IoT) Market” which provides an in-depth analysis of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. The Asia Pacific Industrial Internet of Things (IoT) market held a market value of USD 23,678.9 Million in 2021 and is projected to reach USD 46,188.1 Million by the year 2030. The market is anticipated to grow at a CAGR of 8% from 2022 to 2030, driven by the rising adoption for cloud platforms in industrial sector coupled with the increasing adoption of IoT devices to optimize operational efficiency. Key players in the market include ABB Ability, Aveva Wonderware, Axzon, Cisco IoT, Fanuc Field System, GE Digital, HCL Technologies Limited, Hitachi Vantara Corporation, IBM, Intel Corporation, KUKA AG, Linx Asia Pacific Manufacturing, Rockwell Automation, Inc, ORANGE, Plataine, PTC Inc., Robert Bosch GmbH, and other prominent players.
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