Gartner defines the market for Industrial Internet of Things (IIoT) platforms as “a set of integrated software capabilities to improve asset management decision making and operational visibility and control for plants, infrastructure and equipment within asset-intensive industries.” By 2023, 30% of industrial enterprises will have full, on-premises deployments of IIoT platforms, up from 15% in 2019. Looking forward, it is expected that the global industrial IoT market will continue its strong growth during the next five years.