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In 2023, a total of 41.76 billion IoT or Internet of
Things-connected devices are anticipated to be deployed, per ReportLinker. As
per Guidehouse Insights’ estimations, The global market for IoT in
manufacturing is set to grow to $23.1 billion by 2031, growing at a compound
annual growth rate (CAGR) of 15.0%. Industry 4.0 is here, set to boost
competitiveness across companies.
A McKinsey research reveals IoT is poised to deliver $1.3
trillion in economic value to the manufacturing sector. Among these also is
stand... more
