IIoT growth until 2022

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The German industrial IoT market will more than double in the next five years - to around 16.8 billion euros in sales in 2022. The automotive industry, already the largest market segment today, is growing the fastest at 20.2%. There is also strong growth of 18.9% per year in mechanical and plant engineering. Together, these two segments account for over 50% of the entire IIoT market in Germany.