According to studies, global spending on IoT-powered industrial platforms for manufacturing is predicted to grow from $1.67B in 2018 to $12.44B in 2024.
The Industrial Internet of Things is increasingly becoming popular. It is described as the use of IoT in different biggest global industrial sectors, and commercial applications such as transportation, aviation, manufacturing, oil & gas, etc. IIoT involves the use of connected devices with industrial applications for process automation, remote monitoring, or predictive maintenance.
Learn about some of the most popular use-cases of industrial IoT.