AI and IoT technology markets projected for significant global growth

Global markets for Artificial Intelligence (AI) and Internet of Things (IoT) technologies are projected to experience significant growth through the early 2030s.

The AI Trust, Risk, and Security Management (AI TRiSM) market is expected to rise from USD 3.09 billion in 2026 to USD 11.61 billion by 2031. This growth is driven by the expansion of generative AI and the need for model reliability, security, and governance. Concurrently, the enterprise AI infrastructure market is forecasted to reach approximately USD 130 billion by 2035, fueled by the transition of AI from experimental stages to production environments.

In the IoT sector, the middleware market is projected to grow from USD 23.57 billion in 2026 to USD 58.63 billion by 2032, with the healthcare vertical expected to see the fastest growth. Additionally, the IoT connectivity and smart infrastructure market is anticipated to reach USD 509.72 billion by 2032, supported by urbanization, smart city development, and the deployment of 5G networks.