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renucoherentmarket

renucoherentmarket

Industrial Internet of Things (IIoT) Market by Services, Solutions, Platform Type, by Verticals and Geography – Global Forecast to 2025

The managed service segment held the dominant position in 2016 and is projected to maintain its dominance throughout the forecast period. Increasing government initiatives towards digitalization and increasing government investments to boost the adoption of IOT technology in various industries such as utilities and manufacturing are expected to drive growth of the IOT market. The professional services segment is expected exhibit the highest CAGR over the forecast period.