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IOT & Embedded Technologies
IoT and Embedded Technologies: The Future of Connectivity and Automation
The Internet of Things (IoT) has emerged as a central pillar of the global tech industry. IoT enables smart cities, connected devices, and industrial automation, with applications spanning healthcare, manufacturing, transportation, and consumer products. According to Allied Market Research, the global IoT market size was valued at $388 billion in 2023 and is projected to reach $1.85 trillion by 2030, growing at a CAGR of 24.9%.
Embedded technologies, which enable the integration of sensors, microcontrollers, and other specialized components into devices, are also pivotal in this transformation. The global embedded systems market was valued at $121.5 billion in 2023 and is forecast to grow to $229.8 billion by 2028, reflecting the increasing sophistication of connected devices across industries. Grand View Research highlights that sectors such as automotive, healthcare, and consumer electronics are key drivers, with embedded technologies becoming essential for autonomous vehicles, telemedicine, and next-gen appliances.
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