The Internet of Things (IoT) market is set to expand significantly from US$ 217.5 billion in 2024 to US$ 779.3 billion by 2031, reflecting a robust compound annual growth rate (CAGR) of 20% over this period. IoT encompasses a network of interconnected devices and systems that can communicate and transfer data without human intervention. Key components include IoT platforms, which hold a 21.6%...
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