The global Consumer IoT Market is estimated to grow from USD 52.76 Billion in 2019 to reach USD 188.24 Billion by 2027, at a CAGR of 17.2% during the forecast period from 2020-2027.
With the rise in the number of connected devices, a range of customized services are introduced by the IoT customer service provider. Top leaders are putting more emphasis on wireless technology to quench rising demand. The amount of data is growing due to the rising adoption of user IoT across the globe thus propelling consumer IoT market.
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