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The Internet of Things Market is experiencing exponential growth, driven by factors such as the pervasiveness of internet connectivity and connected devices, real-time data gathering and analysis, and improved monitoring and management in various sectors. The healthcare, energy, and transportation industries are at the forefront of IoT adoption, utilizing it for remote consultations, predictive maintenance, and congestion control. The ongoing Russia-Ukraine war may have an impact on the global economy and the IoT market.