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Richard William

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The IoT market size was valued at more than US$ 700 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of more than 10% during 2021-2026. The increasing demand for mobile data connectivity at higher speeds, mainly driven by mobile video consumption, ultra-low latency communication services (e.g., gaming, AR, and VR), and the development of the mobile 5G, will support the adoption of IoT. https://www.globaldata.com/store/report/iot-market-analysis/

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The Artificial Intelligence market size was valued at $68.1 billion in 2021. The AI market is expected to grow at a CAGR of more than 14% during the forecast period (2021-2026). The growing popularity of the metaverse and its integration with artificial intelligence is expected to bode well for market growth over the forecast period. Furthermore, increasing adoption of explainable AI (XAI), natural language processing (NLP), chatbots in BFSI, retail, and e-commerce, and advancements in quantum computing are anticipated to bode well for market growth over the next few years. https://www.globaldata.com/store/report/artificial-intelligence-market-analysis/

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