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This report offers a comprehensive analysis of the Internet of Things (IoT) market, tracing its evolution from 2016 to 2022 and projecting a remarkable compound annual growth rate (CAGR) of 12.6%. The market is driven by the proliferation of connected devices and data-driven insights, with the Asia Pacific region expected to be the fastest growing geographic region. The report also includes an analysis of the market’s characteristics, COVID-19 impact, size and growth, segmentation, and competitive environment.