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The IoT market is rapidly growing, with a projected value of $925 billion in 2023 and expected to reach $1.3 trillion by 2026. This growth is driven by the increasing need for IoT connectivity, especially during the COVID-19 pandemic. The potential of IoT connectivity data to revolutionize industries is immense, from autonomous inventory management to predictive maintenance and personalized healthcare. This presents new opportunities for the retail pharmacy industry, which is facing staffing shortages and increased prescription spending.