The COVID-19-pandemic-led restrictions highlighted the importance of the internet as social-distancing requirements compelled most businesses and schools to operate remotely. But under any circumstances, the Internet of Things (IoT) is believed to be the next big thing because in addition to solving some of the problems wrought by the pandemic, it plays a vital role in building smart communication environments.
The increasing penetration of smartphones and other advanced gadgets and rising investments in cloud-based services are significant factors that should drive the internet industry’s growth. According to a Facts & Factors report, the global Internet of Things (IoT) market is expected to grow at a 24.5% CAGR through 2028
