Tag Archives: IIoT Market in Automotive Industry

Global IIoT Market in Automotive Industry To Grow At A CAGR Of 33.48% During The Period 2017-2021

The report covers the present scenario and the growth prospects of the global IIoT market in automotive industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IIoT.

The global IIoT market in the automotive industry is a key contributing segment of the global IIoT market. From a top-down perspective, Technavio has analyzed the global IIoT market as a parent market to set the context, in which the global IIoT market in the automotive industry will be analyzed. The IIoT characterizes a set-up wherein every object or thing is embedded with a sensor and is efficient in automatically communicating its state with other objects and automated systems inside the environment. Each object represents a node in a virtual network, continuously transmitting a large volume of data about itself and its surroundings.