Report ID: SQMIG45B2114
Report ID:
SQMIG45B2114 |
Region:
Global |
Published Date: June, 2024
Pages:
197
|
Tables:
128 |
Figures:
77
Artificial Intelligence of Things (AIoT) Market size was valued at USD 82.01 Billion in 2023 and is poised to grow from USD 102.68 Billion in 2024 to USD 619.85 Billion by 2032, growing at a CAGR of 25.2% during the forecast period (2025-2032).
Manufacturing is a system of artificial intelligence (AI) and the internet of things (IoT). This technology connects devices to the Internet to collect data and provides devices with learning, reasoning and programming capabilities. AIoT applications span a range of industries including transportation, smart homes, manufacturing and healthcare. It enhances individualization, automation, modernization of services and quality of life for individuals.
Thus, widespread adoption of IoT devices, changes and improvements in computing power, AI algorithms, demand for efficiencies, data-based insights all create increased demand for AIoT solutions. Enhanced consumer Experience, AIoT are some of the areas where they are aggressively being used to reduce costs, gain competitive advantage with the continuous growth of IoT and AI, the market has been compressed for future growth, delivering more potential operations and modernizing more businesses within the estimated timeframe.
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Report ID: SQMIG45B2114