The Business Research Company just published a thorough analysis of the industrial IoT AI market's dynamics and the size of the global cloud computing market.

Numerous useful insights and data, such as the size of the worldwide market, regional shares, and competitor market share, are included in this most recent market research analysis. It also discusses next prospects, present trends, and crucial information for market success.

The size of the cloud computing growth in the industrial AI in IoT market has increased significantly in recent years, according to the Business Research Company. At a cumulative annual growth rate (CAGR) of 19.4%, it will increase from $82.39 billion in 2023 to $98.34 billion in 2024. Ageing population demographics, an increase in neurological illnesses, improvements in cognitive science, heightened awareness of mental health issues, and tailored treatment techniques are all factors contributing to the expansion over the historic era.

The Industrial IoT market for cloud computing in AI is anticipated to increase rapidly over the coming years. It will increase at a compound annual growth rate (CAGR) of 18.6% to reach $194.73 billion in 2028. Integration with electronic health records (EHR), an emphasis on early intervention, the development of remote patient monitoring, the rise in mental health issues, and international health efforts are all factors contributing to the growth throughout the projection period. The use of digital treatments, developments in AI and VR technology, telemedicine and digital health trends, cooperation with research institutes, and gamification of cognitive training are some of the major trends for the forecast year.