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The integration of timing devices with Internet of Things (IoT) systems drives the timing device industry growth. IoT systems require precise time synchronization for communication and coordination between connected devices, supporting real-time data collection, processing, and decision-making. Timing devices are essential in industrial automation, smart homes, healthcare monitoring, and connected vehicles, providing the accuracy needed for efficient system operation. In smart grids, synchronized timing enables balanced energy distribution and renewable energy integration. The expanding IoT adoption across industries increases demand for compact, energy-efficient timing solutions. MEMS oscillators and GPS-disciplined clocks are being developed to meet IoT device requirements, driving market growth and improving connected system performance.