The Li-Fi Market was valued at 312.12 million in the year 2022 and is expected to grow at a strong rate of around 36.76% during the forecast period (2023-2030), owing to the rising demand for the high-speed internet as well growing volume of data transfer. Furthermore, the exponential growth of data consumption, driven by the surge on the Internet of Things (IoT) devices, is propelling the demand for Li-Fi technology.

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