Internet of Things (IoT) platforms allow industries to reduce cost through improved process efficiency, asset utilization, and improved productivity. Industrial Internet of things (IIoT) is a concept that alludes to the bridging of all the machines or equipment. It includes big data, machine learning, and machine to machine communication, including all the automated mechanisms involved in the processes. IIoT has the potential to fill the gaps in the efficiency and performance of any industrial process, and offer better results in terms of revenue, output, and production. The IIoT market is estimated to grow at a CAGR of 24.4% during the forecast period 2018–2023. APAC is projected to be the fastest growing market in the geography segment. IIoT Market Outlook The Internet of Things is the concept of connecting any device to the Internet and other connected devices. This technology connects data using embedded sensors, processors, and communication hardware. IIoT has applications in var...