AI-Powered IoT Market to Exceed $58 Billion by 2034
According to a new report by The Insight Partners, the AI-powered IoT market is expected to reach $58.02 billion between 2025 and 2034, with a compound annual growth rate of 19.56%.
The global AI-powered Internet of Things (IoT) market is projected to grow from $11.62 billion in 2025 to $58.02 billion by 2034.
According to market research published by The Insight Partners, the sector will exhibit a compound annual growth rate (CAGR) of 19.56% between 2026 and 2034. This growth is supported by the integration of AI capabilities into connected devices, which improves automation, operational efficiency, and real-time decision-making processes.
Organizations are turning to AI-based IoT solutions to process large volumes of data from connected assets, sensors, and devices. Key drivers of the market include the proliferation of smart devices, advancements in machine learning algorithms, and the integration of 5G and edge computing technologies. These technologies enable businesses in sectors such as manufacturing, energy, and transportation to recognize patterns, detect anomalies, and predict failures in advance.
Sources
- finance.yahoo.com · Link