Artificial Intelligence Of Things (aiot) Market To Hit Usd 257.23 Billion By 2030 Due To Expanding Iot Ecosystem And Improved Edge Computing

The Artificial Intelligence of Things (AIoT) Market is expected to experience a compound annual growth rate (CAGR) of 31.2% between 2023 and 2030, increasing from its 2022 value of USD 29.3 billion to reach USD 257.23 billion by 2030. AIoT represents the convergence of two breakthrough technologies, Artificial Intelligence (AI) and the Internet of Things (IoT). AIoT has gained significant traction in recent years, reshaping the landscape of technology-driven innovation. Connectivity management is the linchpin of the AIoT ecosystem, and AIoT has been used to enhance predictive maintenance in the manufacturing sector, as well as to create smart medical devices, remote patient monitoring, and predictive analytics in the healthcare sector.