The Internet of Things (IoT) sector is revolutionizing industries by connecting everyday objects to the internet, enabling data collection, analysis, and automation. This transformation is enhancing efficiency, productivity, and decision-making across various sectors such as manufacturing, healthcare, agriculture, and transportation. In 2024, the global IoT market was valued at approximately $500 billion, contributing around 0.6% of global GDP, with millions of professionals working in fields like IoT development, data analysis, and system integration.

The IoT sector is expected to grow at a CAGR of 25%, reaching $2 trillion by 2030, driven by the expanding use of smart devices, 5G technology, and increased adoption in both consumer and industrial applications. Leading players in the IoT space include the United States, home to major tech companies like Cisco, Intel, and Amazon; China, a leader in smart manufacturing and consumer IoT products; and Germany, known for its advanced industrial IoT applications. IoT is playing a crucial role in reshaping industries and driving economic growth globally.