China IIoT market to see 20% CAGR in next four years

In line with the advent of the Industry 4.0 era, China is aggressively gearing up for the development of IIoT (Industrial Internet of Things) applications to accelerate industrial upgrades and transformations, with its domestic IIoT market scale estimated to experience a CAGR of 20% during 2016-201, according to a report issued by China-based Qianzhan Industry Research Institute.

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