According to data presented by Stocklytics.com, the global Internet of Things market is expected to see another year of double-digit growth, with revenue rising by 18% to $1.38 trillion in 2024.
The main purpose of IoT is to create a self-reporting network of connected devices that can communicate with each other and users in real time. This intelligent digital technology has taken automation, monitoring and control, and analytics to a whole new level and has become an essential part of Industry 4.0.
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