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The Industrial Internet of Things (IIoT) is a subset of IoT that prioritizes applications in industrial sectors. It facilitates smarter data collection and analytics processes, machine learning (ML) and systems in manufacturing and logistics, energy, healthcare and more. Robotics is a key cog in the IIoT wheel, and its global industrial market was valued at $16.5 billion in 2022 and is projected to reach approximately $20 billion by 2027. Recent data from the International Federation of Robotics (IFR) sheds light on additional robotics-related developments, and its influence in non-automotive manufacturing sectors has had its ebbs and flows.
