The IIoT market is expected to grow from USD 76.7 billion in 2021 to USD 106.1 billion by 2026, at a CAGR of 6.7% during the forecast period. The growth of the IIoT industry is driven by factors such as technological advancements in semiconductor and electronic devices, increased use of cloud computing platforms, standardization of IPv6, and support from governments of different countries for R&D activities related to IIoT as per a report from Markets andMarkets.
APAC to hold the largest share of the market, in terms of value, in 2021. Asia Pacific is a major hub for industrial manufacturing and has become a global focal point for significant investments and business expansions. The growing population, rising investments for R&D activities, and the increasing focus of international and domestic IT companies on the growth of big data analytics and cloud-based services in the region are expected to drive the growth of this market.
The application of Internet of Things (IoT) in the manufacturing industry, popularly called the IIoT (Industrial Internet or Industry 4.0) is witnessing phenomenal growth in recent years. In the industrial segments, it is enabling the acquisition and accessibility of far greater amounts of data, at far greater speeds, and far more efficiently than ever before.
A number of innovative companies have started Industry 4.0 initiatives and driving IIoT projects to make their factories smart factories.
Industrial internet of things (IIoT) is unleashing enormous value by digitally enabling factory floors, products, workers and more. It is drastically changing the way companies work internally, collaborate with each other and sell to customers.. Industrial companies will move to more agile ecosystems and alliances with new partners.
Success will depend on the key enablers such as the deployment of the right technology, readiness of the digital workforce, the apt ecosystems and cyber-security. As data-driven services and insights gain importance, organisations need to focus on deploying cyber resilience.
15 stalls of 9 sq meters, can be converted as 12sqm, 15sqm,18sqm and 27 sqm
INR 10,000/- per sqm + 18% GST
A 9 sq constructed meter stall will have octonorm walls, carpet, name fascia, 1 table, 2 chairs, 3 spotlights, plug point, special fascia IIOT Zone special branding.