|Adoption of Industrial IoT in the Global Test and Measurement Market, Forecast to 2022|
|Test and Measurement Embracing IIoT Technologies to Enhance Testing Measures and Make Use of Opportunities|
Industrial Internet of Things (IIoT) is a key buzzword in the world today. Advancements in technologies are not only making industries effective, but also enabling the work to be ‘Smarter’.
The focus of this research on test and measurement for IIoT is to analyze this market from a technology standpoint. The study attempts to help market participants who are looking to understand revenue opportunities and position themselves as thought leaders in this space. This study also serves as a major point of reference for other market participants who are not aware of the immense benefits of IIoT or are on the verge of making a move in the technology.
The test and measurement in IIoT is expected to exhibit strong growth, owing to a number of opportunities related to smart testing. The overall test and measurement market for IIoT recorded a revenue of $71.1 million in 2016, and is expected to grow at a compounded annual growth rate (CAGR) of 6.7% from 2016 to 2022.