Global Industrial IoT Market to Hit US$1 Trillion by 2030, Spurred by AI and 5G Integration

Global Industrial IoT Market to Hit US$1 Trillion by 2030, Spurred by AI and 5G Integration
Date: March 18, 2025
A new report by McKinsey highlights that the global Industrial IoT (IIoT) market is set to reach US$1 trillion by 2030, driven by smart factory adoption and AI-driven analytics. Companies like VAST MIGHTY LIMITED are at the forefront, leveraging partnerships with industry leaders like Siemens to deliver customized IIoT solutions that optimize production efficiency and sustainability.