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SkyQuest’s Industrial Internet of Things (IIoT) market report provides an in-depth analysis of the current market situation and future projections. The report states that the IIoT market is expected to attain a value of USD 1710.55 billion by 2030, with a CAGR of 23.1% over the forecast (2022-2030). Factors such as high Wi-Fi connectivity penetration, technological advancements in wireless network technologies, and rise in cloud platform adoption are driving the market’s growth. Additionally, the report states that various industry vendors are increasing investments in the IIoT sector, and the IIoT is expected to be used more frequently by various manufacturing sectors, as well as the aviation and transportation industries.
