The global IoT in manufacturing market is estimated to generate $62.1 billion revenue in 2021, and it is expected to grow at a CAGR of 13.9% during 2021–2030. This is attributed to the rapid industrial automation, improving inventory management technologies, and increasing need for higher production efficiency.

The global IoT in manufacturing market is estimated to generate $62.1 billion revenue in 2021, and it is expected to grow at a CAGR of 13.9% during 2021–2030. This is attributed to the rapid industrial automation, improving inventory management technologies, and increasing need for higher production efficiency.