AI in IoT Market Braced for Rapid Growth: Forecasts Indicate CAGR of 6.4% and US$ 153.1 Billion by 2033

The AI in IoT market is predicted to grow steadily at a rate of 6.4% over the coming years. By 2033, it’s expected to reach a value of approximately US$ 153.1 billion.

As more and more transportation and connected devices need to keep track of their assets and performance, there’s a growing need for special services to help with this. Also, the companies that provide mobile network services around the world are helping to make everything more connected.

The cool thing is that as artificial intelligence gets better and we have easy access to the internet everywhere, the use of smart devices is increasing. This means we can do things more efficiently than ever before, and that could make IoT products even more valuable in the next ten years.

Artificial Intelligence has shown that it can be really helpful in gathering a lot of information. It gives us the tools to make decisions quickly in things like smart devices. But to make these devices work even better, we might need to spend money on new technology.

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