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The Internet of Things (IoT) to reach $1,463.19 billion by 2027

Money money money (image)The Internet of Things (IoT) to reach $1,463.19 billion by 2027 | #Verdafero #IoT #Financial #Monitoring | The Internet of Things includes network connectivity architecture, advanced equipment such as smart sensors and meters, as well as smart devices.

“The global Internet of Things (IoT) market size stood at USD 250.72 billion in 2019 and is projected to reach USD 1,463.19 billion by 2027, exhibiting a CAGR of 24.9% during the forecast period” (

It offers an exchange of information between the machines and devices. Globally, the technology has gained significant potential across the industries such as BFSI, healthcare, manufacturing, and agriculture to name a few. It offers digital transformation to the industries and businesses by upgrading their existing process.

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