IIoT Platform Market by Platform Type (Application Management, Device Management, and Connectivity Management), Application Area (Business Process Optimization, Predictive Maintenance, and Asset Tracking), Vertical, and Region – 2022 to 2027


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The global IIoT platform market size is estimated to reach USD 17.5 billion by 2024, growing at a CAGR of 32.2% during the forecast period. The market’s main driving force is the need for predictive and constructive maintenance and centralized control. Furthermore, it is expected that the convergence of IT and OT and the growing adoption of next-generation technologies will drive market growth.