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Allied Market Research published a report on the AI in IoT Market, which is estimated to generate $91.7 billion by 2032, witnessing a CAGR of 24.8% from 2023 to 2032. The report states that the increasing adoption of IoT devices, growth in demand for automation and efficiency, and surge in investment in Industry 4.0 technologies are the major factors that drive the growth of the global AI in IoT market. The platform segment held the highest market share in 2022, and is estimated to maintain its leadership status throughout the forecast period.