India, May 21 -- SkyQuest projects that the Industry 4.0 market will attain a value of $513.89 billion by 2031, at a CAGR of 16.2% over the forecast period (2024-2031). The adoption of Industrial Internet of Things (IIoT) technologies is a significant opportunity in the global Industry 4.0 market.

Through a combination of industrial tools, sensors and devices, companies can collect real-time data and enable device-to-device communication. This data can be used to streamline processes, reduce downtime and improve overall operational efficiency. As systems become more interconnected, ensuring technical connectivity and data security becomes increasingly important.

IoT to dominate

The Internet of Things (IoT) segment is dominating the glo...