The global Internet of Things (IoT) market reached USD 714.48 billion in 2024 and is projected to grow to USD 4,062.34 billion by 2032, representing a CAGR of 24.3%. At the same time, the Industrial IoT (IIoT), valued at USD 289 billion in 2024, is expected to reach USD 847 billion by 2033 with a CAGR of 12.7%. These impressive figures reflect a fundamental shift in modern industry toward Industry 5.0.