A recent report by Expert Market Research (EMR) suggests that the Internet of Things (IoT) market is likely to see significant growth between 2024 and 2032. Currently, the segment is growing at 15.9 percent per year, largely due to the increasing use of connected devices. In addition, Wi-Fi technology is gradually improving.
The Internet of Things refers to connected devices that can share data over the Internet, such as smart home devices and industrial tools. People prefer these devices because the technology makes things easier and helps to work better in many areas.
There are several reasons for the growth of the iot market. People want more smart and automated devices at home and at work. In addition, better wireless technologies such as 5G make data transfer faster and more reliable, so more people are using iot devices.
Another reason is that iot is working with artificial intelligence (AI) and machine learning (ML). This helps enable intelligent automation and forecasting in many industries such as healthcare, agriculture and manufacturing.
Industries are using iot technology in a variety of ways. In healthcare, iot devices can monitor patients and manage medical tools. In agriculture, the Internet of Things can monitor crops and water them automatically. In the factory, iot helps manage supplies and predict machine problems. In cities, it helps with transportation and energy saving.
In the future, we can expect more improvements in iot technology. For example, edge computing will enable iot devices to better process data locally. Combining iot with blockchain will make data exchange more secure. In addition, more and more people are using iot for sustainable things, such as saving energy and caring for the environment.
In short, it can be said that the iot market is booming and spreading to various industries. As the demand for smart devices and automation continues to grow, iot will play an important role in shaping future technologies.
