Global Industrial Internet of Things (IoT) Market was valued at USD 130.27 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.02% through 2028. IoT is the base of digital transformation worldwide, helping to transform many consumer, industrial, government, and defense applications. Even though IT spending fell in 2022, it is expected to grow in 2023. IoT will drive this IT expenditure with approximately 19% growth in 2023, as mentioned in a report by IoT Analytics. IoT deployment helps overcome labor shortages and could speed up digital transformation initiatives. Integrating 5G and IoT can promote many sustainability use cases in various industries. 83% of organizations have improved their efficiency by introducing IoT technology. For instance, with IoT applications in Water Industry, the utility company can recognize, monitor, manage, and monetize water distribution effectively in regions impacted by water scarcity. Smart Water solutions. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=20291 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/industrial-internet-of-things-iot-market/20291.html Key Market Players AT&T Inc. Microsoft Corporation Sony Corporation Apple Inc. LG Electronics Alphabet Inc. Hewlett Packard Enterprise (HPE) Honeywell International Inc. Cisco Systems Inc. Intel Corporation