The Internet of Things (IoT) has evolved from a buzzword to a transformative force that’s reshaping industries across the globe. In this article, we’ll zoom in on five key areas where IoT innovators could thrive.
1. Smart Home Solutions
One of the most accessible and tangible IoT domains is smart home technology. From thermostats that learn your preferences to voice-activated virtual assistants, IoT has revolutionized our homes. Smart home device adoption has surged, with Statista projecting that the number of connected devices in smart homes will reach over 1.6 billion by 2025.
Startups like Nest, now part of Google, have gained remarkable success by offering innovative
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