The internet is undeniably an essential tool in today’s globalized world and is used by almost everyone for exchanging information, communication, online shopping, and managing finances. The United States is one of the biggest online markets. As of 2023, approximately 92% of the total U.S. population accessed the internet, up from nearly 75% in 2012.
Moreover, the Internet of Things (IoT), considered an important technology in the modern era, connects the digital and the physical worlds and plays a preeminent role in keeping the internet industry buoyed. The global IoT market size is estimated to register a CAGR of 29.4% from 2022 to 2028 to reach $2.27 trillion by 2028.
