IIoT Market Grows Via Advanced Devices

Million Insights projects the global Industrial Internet of Things (IIoT) Market to be valued at $933.62 billion by 2025. Prime actors attributed to growth include cost-effectiveness and easy availability of advanced electronic devices such as processors, sensors, and other connected systems. Globally, the industrial IoT market is predicted to grow at a CAGR of 27.8%.


Key Findings

Sponsored by Digi-Key

Analog Devices ADIS16500/05/07 Precision Miniature MEMS IMU Available Now from Digi-Key

The Analog Devices’ ADI ADIS16500/05/07 precision miniature MEMS IMU includes a triaxial gyroscope and a triaxial accelerometer. Each inertial sensor in the MEMS IMU combines with signal conditioning that optimizes dynamic performance.
  • IIoT offers improved operational efficiency and safety, leading to increasing adoption of IoT technology for numerous industrial processes.
  • IIoT is serving numerous industries across the globe by providing necessary worker safety, minimum operational costs, and efficient industrial outcome.
  • The introduction of "Industrie 4.0" from European region serves as a multi-layered strategic initiative that incorporates the major players including private bodies and local businesses as well as from academics to formulate an action plan. Growing preference towards automation of various businesses processes is complementing the integration of industrialization and digital technologies.                                                                     
  • North America has shown major growth in recent years owing to the growing in the awareness about benefits of IoT technology and presence prominent industry players in the region.
  • Asia-Pacific region is predicted to hold major market share in the industrial IoT industry with massive growth in forecast period.
  • The key players in the industrial IoT market are General Electric Company (GE), International Business Machines (IBM) Co., Cisco Systems Incorporations, Siemens AG, and Intel Co.


Need more IIOT stats and data? Then browse the 16-page “Global Industrial Internet of Things (IIoT) Market” research report.


Million Insights



[email protected]


Suggested Articles

Semiconductor Industry Association makes pitch for tax incentives and grants to chipmakers to compete with other countries as backed by lawmakers

The Semiconductor Industry Association sees significant uncertainty for chip sales in coming months, although May numbers were up by 6% globally.

Micron saw record SSD sales, as Broadcom warned of a reset in its wireless business