Building a Connected Ecosystem: The Power of IoT in Manufacturing

John0317 Jul, 2023Technology

The Global IoT in Manufacturing Market is expected to grow from US$ 52.24 billion in 2022 to US$ 111.21 billion by 2029 at a CAGR of 11.4% during the forecast period. In the era of Industry 4.0, the Internet of Things (IoT) is playing a pivotal role in transforming the manufacturing landscape. At its core, IoT enables the creation of a connected ecosystem within the manufacturing sector, revolutionizing the way machines, processes, and humans interact.