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Artificial Intelligence of Things (AIoT) Market to Reach $1,319.4 billion, Globally, by 2032 at 30.2% CAGR: Allied Market Research [Yahoo! Finance]
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Services), Deployment (On-Premise and Cloud), Industry Vertical (Retail, Agriculture, Logistics, BFSI, Automotive and Transport, Healthcare, Manufacturing, and Others), Application (Video Surveillance, Inventory Management, Predictive Maintenance, Supply Chain Management, and Others), and End User (B2B, B2G, and B2C): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the Artificial Intelligence of Things (AIoT) market was valued at $126.1 billion in 2023 and is estimated to reach $1,319.4 billion by 2032, growing at a CAGR of 30.2% from 2024 to 2032. Prime Determinants of Growth The proliferation of connected devices and advancements in AI algorithms are the factors expected to propel the growth of the global AIoT market. However, data privacy and security concerns and high cost of implementation are anticipated to hamper the growth of the global market. On the contrary, enhanced user experiences and demand for predictive maintenance are furth
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