Technology And Media Research Report

According to a new report by IMARC Group. the   global industrial IoT market reached a value of US$ 126 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years. Industrial Internet of Things (IIoT) is a network of interconnected sensors and devices, which are used to enhance industrial and manufacturing processes. The smart sensors and actuators employed in the network enable monitoring, collection, analysis and exchange of data, which improves the overall operational performance and visibility. With the advent of advanced technologies, like big data, sensor data, machine learning and automation, IIoT helps in increasing productivity significantly while reducing various recurring complexities. Additionally, it offers multiple advantages including real-time monitoring, asset optimization, remote diagnosis, cost-effectiveness and proactive maintenance. Owing to these benefits, it is widely adopted across diversified indu