Technavio predicts that the 5G IoT Market will increase by USD 253.27 billion by 2028, with a CAGR of 140.31%. The automotive industry is changing as 5G and IoT converge. 5G will enable vehicles to communicate in real-time with their surroundings, supporting advanced systems such as driver assistance. IoT is being integrated into vehicles to improve safety, fuel efficiency, and predictive maintenance. With large-scale adoption in the automotive sector, IoT is expected to enhance efficiency, reduce downtime, and offer consumers a highly connected driving experience.

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