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Industrial Internet of Things Market is estimated to hit $ 186.32 billion

Americas is the region with the largest market share of 27.7%, closely followed by Europe at 27.6%. The European region is projected to exhibit the fastest growth at 22.2% CAGR through 2023 to reach $68.240 billion by 2023. The growing IoT revolution in manufacturing, transport and energy sectors will drive this growth. The retail sector has been a major driver of industrial IoT in recent years, as growing use of RFID tags and environment monitoring systems led the growth. The Americas region was estimated to register $15.539 billion in 2017, and expected to reach $58.281 billion by 2023.

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