The Internet of Things (IoT) has gained huge traction in the past couple of years and this sophisticated technology has been adopted largely across several industries and for several use cases.
Currently, the digital world is being intensified by the upcoming or the futuristic technologies and as we slowly race towards an expanding network of connected devices, the demand of IoT is gaining a massive traction.
According to Markets and Markets, the AIoT market is expected to increase from US$5.1 billion in 2019 to US$16.2 billion by 2024, growing at a CAGR of 26%.
Advancement in technologies in these recent times is improving our daily lives at home, work, or even when running our errands outside our homes and workplaces.