IIoT revenue to cross $1 trillion by 2027, projects Navigant Research

Press release published by: https://www.iottechnews.com

Source URL: https://www.iottechnews.com/news/2017/nov/16/iiot-revenue-cross-1-trillion-2027-projects-navigant-research/

A new Navigant Research report has projected that the combined cumulative revenue for Industrial Internet of Things (IIoT) devices, software and services throughout the world will cross the $1 trillion mark by 2027.

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The trend will be driven by an increasing number of enterprises as they start realising the benefits of IIoT leading to lower costs and increased equipment maintenance, the research firm added.

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