Aiot Platforms Market Worth $24.9 Billion By 2028, Growing At A Cagr Of 37.7%: Report By Marketsandmarkets™

The AIoT Platforms Market is projected to reach USD 24.9 billion by 2028, driven by government initiatives towards developing smart city infrastructure and the rising need for convenient living. AIoT platforms are being used in various sectors, including smart homes, where AI can automate tasks and provide convenient living. The market is expected to grow at a CAGR of 37.7% from 2023 to 2028, with key players including IBM, Google, AWS, Microsoft, and Cisco.