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IoT Market's Robust Growth Ahead
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The global enterprise IoT market, valued at USD 214 billion in 2022, is projected to experience robust growth with a CAGR of 17.3% through 2028. North America leads the market, driven by advanced IT infrastructure, tech-savvy consumers, and strong presence of major technology companies. Key companies in the market include IBM Corporation, Microsoft Corporation, and Cisco Systems Inc.
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How might the growth of the IoT market influence other industries and technological advancements?
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