The global industrial internet of things (IIoT) market is set to grow faster than seven percent, on a compound annual growth rate basis, to 2020, according to Technavio.
The IIoT market in Asia was valued at close to US$38 billion in 2015 and is expected to reach over US$54 billion in 2020.
Though most would expect China, Korea and Japan to be leading growth markets, India also is predicted to be a driver of much growth.
The global IIoT market will drive US$132 billion in revenue by 2020.
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