IoT in manufacturing market to reach $87.9 billion by 2026

The global IoT in manufacturing market is forecast to grow from $50 billion in 2021 to $87.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period, according to ResearchAndMarkets. The presence of various key players in the ecosystem has led to competitive and diverse market.

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