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Global industrial wireless sensor network market to reach $1,200 million by 2023

Telecommunications Market Research

The Surge in popularity of industrial wireless sensor technology has driven the growth of the industrial wireless sensor network market. Furthermore, low cost and easy deployment of industrial wireless sensor network fuel the growth of the market.

Presently, North America dominates the industrial wireless sensor network market. However, China is expected to register the highest growth in Asia-Pacific by 2023.

Moreover, the UK is anticipated led the overall market in the European region in 2023. Presently, the U.S. dominates the North American market.

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However, data security and privacy concerns are expected restrain the growth of the market.

In 2016, the Wi-Fi segment dominated the global industrial wireless sensor network market, in terms of revenue. However, based on sensor type, others sensor segment led the global market, followed by flow sensor in 2016.

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