[Market Report] The Global Market for IoT Connected Machines
Report ID: AA1023800
The global IoT connected machine market is rapidly increasing and is expected to reach 727.24 billion USD by 2031.
The global IoT connected machine market has experienced remarkable growth in recent years, heralding an unprecedented era of growth and innovation. In 2022, the market boasted an estimated value of $149.69 billion, achieving a considerable scale. As the world steps into the future, the market is expected to surge, potentially reaching an astonishing size of $727.24 billion by 2031. This remarkable growth is attributed to a steady compound annual growth rate (CAGR) of 19.2% during the forecast period from 2023 to 2031. The Internet of Things (IoT) has ushered in a transformative era where machines, devices, and systems are seamlessly interconnected, forming a vast ecosystem of smart, data-driven solutions. IoT-connected machines are revolutionizing industries, from manufacturing and healthcare to agriculture and transportation. Please check the application method via the [PDF download] button or apply directly through the related links.
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Segmentation Overview The global IoT connected machinery market focuses on components, industries, and regions. By Component - IoT Gateways - I/O Modules - IoT Sensors - Others (PLC) By Industry - Automotive - Aerospace and Defense - Logistics and Transportation - Manufacturing - Power and Utilities - Healthcare - Oil and Gas - Others Key Companies: - Siemens AG - Honeywell International Inc. - General Electric Company - Intel Corporation - Hitachi Ltd. - ABB Ltd. - PTC Ltd. - Rockwell Automation - Schneider Electric - IBM Corporation
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