Future-Proofing Manufacturing: IoT Trends and Market Analysis

The IoT in Manufacturing Market, valued at US$ 52.24 billion in 2022, is projected to grow at a robust CAGR of 11.4% from 2023-2029, reaching US$ 111.21 billion by 2029 (Stratview Research). With Asia-Pacific leading in growth rate, IoT adoption revolutionizes manufacturing. Streamlining processes, enhancing productivity, and improving efficiency, IoT trends drive the industry forward, ensuring manufacturers stay competitive in the rapidly evolving landscape.