AIoT Market Worth $79.13 Billion by 2030: Key Drivers and Trends

Webersnits22 Oct, 2024News

The AIoT Market is projected to grow from USD 18.37 billion in 2024 to USD 79.13 billion by 2030, at a CAGR of 27.6% during the forecast period, according to a new report by MarketsandMarkets™. The need for AIoT solutions is predicted to grow due to the exponential growth of data generated from IoT devices. As the number of connected IoT devices continues to rise exponentially, there's an urgent requirement for solid frameworks that can manage and analyze all the data created effectively.

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