IO-Link Market Worth $33.9 Billion by 2028
The IO-Link market is projected to reach USD 33.9 billion by 2028 from an estimated USD 13.6 billion in 2023, at a CAGR of 20.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rise in demand for IO-Link solutions can be attributed to rising demand for industry 4.0 and growing demand for remote configuration, monitoring, and maintenance.
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