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The IoT in Utilities market is expected to grow at a compound annual growth rate of 11.52% from 2018 to 2028, driven by the integration of IoT technologies in the utilities industry. This includes the use of AI, blockchain, and edge computing to enhance grid management, customer service, and operational efficiency. Strategic partnerships and a focus on sustainability are also contributing to market growth. However, challenges such as data security and integration complexities need to be addressed.