The Internet of Things (IoT) ecosystem is set to undergo a continuous compound annual growth rate (CAGR) of 11% in the next decade. The global market of IoT devices was worth $465 billion in 2019, but that will likely rise to $1.5 trillion by 2030. The Consumer sector will capture 43% of the total market value, totaling $652 billion in revenue. The rest will be split into sector-specific applications such as energy, transport, retail and healthcare.”]