A recent report by Expert Market Research (EMR) reveals the Internet of Things (IoT) market may witness a major growth from 2024 to 2032. Currently, the segment is growing at 15.9% every year and it is mainly because more people are using connected devices. Moreover, the Wi-Fi technology is getting better gradually.

IoT means connected devices, like smart home gadgets and tools used in industries, that can share data over the internet. People like these more because the technology make things easier and help work better in many areas.

The IoT market is growing because of a few reasons. People want more smart devices and automation at home and work. Also, better wireless tech like 5G makes data transfer faster and more dependable, so more people use IoT devices.

Another reason is that IoT is teaming up with artificial intelligence (AI) and machine learning (ML). This helps make smart automation and predictions in many industries like healthcare, farming and manufacturing.

Various industries are using IoT technology in various ways. In healthcare, IoT devices watch over patients and manage medical tools. In farming, IoT monitor crops and water them automatically. In factories, IoT helps manage supplies and predicts machine issues. In cities, it helps with traffic and energy saving.

In the future, we can expect more improvements in IoT technology. Edge computing, for instance, will make IoT devices better at processing data locally. Combining IoT with blockchain will make data exchange safer. Also, more people are using IoT for sustainable things like saving energy and watching the environment.

In brief, it can be said that the IoT market is booming and spreading to various industries. IoT will play a significant role in shaping the future technology as demand rises for smart devices and automation.