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IoT in Manufacturing to Grow 30% Annually

March 21, 2019

New ResearchAndMarkets.com forecast says IoT spending by manufacturers will increase at double-digit rates over next five years

Manufacturers of durable goods will increase their investments in Internet of Things technologies at a compound annual growth rate (CAGR) of 29.4 percent between 2019 and 2024 as cloud computing resources and digital systems make connected devices more feasible and manageable, according to a new report by ResearchAndMarkets.com.