Global Artificial Intelligence Of Things AIoT Market to Reach 41.54 Billion by 2029, Growing at 33% CAGR

"What Is the Expected Size and Growth Rate of the Artificial Intelligence Of Things AIoT Market?
The artificial intelligence of things (AIoT) market has witnessed rapid expansion in recent years. It is projected to increase from $9.98 billion in 2024 to $13.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of 32.9%. The historical growth can be credited to the proliferation of IoT, advancements in AI, the surge in data, and concerns regarding AIoT security.

The artificial intelligence of things (AIoT) market is expected to see exponential growth, reaching $41.54 billion by 2029 at a compound annual growth rate (CAGR) of 33.0%. The forecasted growth is driven by the expansion of 5G networks, growth in edge computing, and the increasing integration of AIoT in healthcare and smart cities. Major trends include AIoT analytics, AIoT in retail, energy management, and transportation.

What Factors Are Fueling Growth in the Artificial Intelligence Of Things AIoT Market?
The growing adoption of cloud technology is anticipated to drive the expansion of the AIoT market. The cloud refers to a network of distributed servers that store infrastructure and software, accessible online. Cloud-based AIoT leverages cloud computing platforms to manage and process data from IoT devices, where cloud storage and processing are combined with AI for analysis and decision-making. For example, in February 2022, Canalys, a technology market analyst firm from Singapore, reported a 35% increase in global cloud infrastructure services spending, reaching US$191.7 billion, up from US$142.0 billion two years prior. Additionally, in August 2023, AAG IT Services & Cyber Security, a UK-based IT provider, shared that 60% of corporate data was stored in the cloud in 2022, with projections indicating the global cloud data storage will hit 200 zettabytes by 2025. Thus, the rise in cloud adoption is propelling AIoT market growth.

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Which Leading Companies Are Shaping the Growth of the Artificial Intelligence Of Things AIoT Market?
Major companies operating in the artificial intelligence of things (aiot) market are Google LLC, Microsoft Corporation, Robert Bosch GmbH, Hitachi Ltd., Amazon Web Services Inc., General Electric Co, Intel Corporation, International Business Machines Corporation, Tencent Cloud Service Pte., Cisco Systems Inc., Oracle Corporation, SAP SE, Fujitsu Ltd., ABB Ltd., The Hewlett Packard Enterprise Company, Nvidia Corporation, Sharp Corporation, NXP Semiconductors N.V., SAS AB, General Vision Inc., C3.ai Inc., DataRobot Inc., Echelon Corporation, Autoplant Systems India Pvt Ltd., Brighterion Inc., ITRex Group, Clarifai Inc., AIBrain Inc., Milesight Technology USA.

What Are the Major Trends Shaping the Artificial Intelligence Of Things AIoT Market?
Leading companies in the AIoT sector are focused on enhancing the integration of AI and IoT, improving data processing capabilities, and expanding their application scope across various industries to solidify their market position. These advancements aim to leverage the synergy between AI and IoT to build smarter and more efficient systems. For example, in January 2022, Origin Wireless Inc., a technology firm based in South Africa, and nami.AI, a Singapore-based AIoT company, jointly introduced a new AIoT platform utilizing Wi-Fi access points. This platform provides sensing capabilities for small smart devices, enabling them to differentiate between humans, pets, robot vacuums, and appliances.

What Are the Key Segments of the Artificial Intelligence Of Things AIoT Market?
The artificial intelligence of things (AIoT) market covered in this report is segmented -

1) By Offering: Solutions, Services
2) By Deployment: On-Premises, Cloud
3) By Vertical: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Energy And Utilities, Retail, Transportation And Logistics, Other Verticals

Subsegments:
1) By Solutions: AI Hardware, AI Software, Connectivity Solutions, Data Management Solutions
2) By Services: Consulting Services, Implementation Services, Maintenance And Support Services, Training And Education Services

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Which Region Dominates the Artificial Intelligence Of Things AIoT Market?
North America was the largest region in the artificial intelligence of things (AIoT) market in 2024. The regions covered in artificial intelligence of things (AIoT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Artificial Intelligence Of Things AIoT Global Market Report?

- Market Size Analysis: Analyze the Artificial Intelligence Of Things AIoT Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence Of Things AIoT Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence Of Things AIoT Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence Of Things AIoT Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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