Artificial Intelligence Of Things (AIoT) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Artificial Intelligence Of Things (AIoT) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Artificial Intelligence Of Things (AIoT) Market?
In recent years, the market size for the Artificial Intelligence of Things (AIoT) has seen exponential growth. It is anticipated to expand from $9.98 billion in 2024 to a staggering $13.26 billion in 2025, with a compound annual growth rate (CAGR) of 32.9%. This significant growth during the historical period is primarily due to factors such as the spread of IoT, advancements in AI, increased data growth, and concerns around AIoT security.

Anticipated to witness a surge in the forthcoming years, the market size for the artificial intelligence of things (AIoT) is predicted to reach a worth of $41.54 billion in 2029, with a staggering compound annual growth rate (CAGR) of 33.0%. Factors leading to this growth during the forecast period include the expansion of the 5g network, the development in edge computing, the application of AIoT in healthcare and its role in smart cities. Key trends observed for the projection period include AIoT analytics, its use in retail, energy management, and transportation sectors.

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What Are the Different Artificial Intelligence Of Things (AIoT) Market Segments?
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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What Are the Primary Drivers Shaping the Artificial Intelligence Of Things (AIoT) Market?
The upswing in the adoption of cloud technology is slated to drive the expansion of the AIoT market. Can be defined as a stack of interconnected servers that contain the necessary infrastructure and software accessible via the internet, the cloud plays a crucial role in AIoT. In its cloud-based form, AIoT leverages cloud computing platforms to oversee and process the dataflow emanating from IoT devices. This connotes that the cloud facility is utilized for storing and processing data collected from IoT devices, while AI is deployed for investigating this data and making decisions accordingly. To illustrate, in February 2022, as reported by Canalys, a tech market researcher based in Singapore, there was a 35% surge in global cloud infrastructure services spending, which climbed to US$191.7 billion from US$142.0 billion over the past two years. Moreover, AAG IT Services & Cyber Security, a UK-based digital transformation and IT support services provider, reported that approximately 60% of corporate data was cloud-stored in 2022, and it is estimated that by 2025, global cloud-stored data will escalate to 200 zettabytes. Thus, the rising adoption of cloud technology contributes to the expansion of the AIoT market. Artificial Intelligence Of Things (AIoT) Market Driver: A Flourishing Artificial Intelligence Of Things (AIOT) Market Owing To The Increasing Utilization of Internet Of Things (IOT) Devices

Which Companies Are Leading in 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?
Prominent organizations in the AIoT sector are concentrating their efforts on enhancing the fusion of AI and IoT, bolstering data processing abilities and broadening applications in various industries to consolidate their market standing. These advancements aim to harness the power of AI and IoT in constructing smarter and more effective systems. For example, in January 2022, Origin Wireless Inc., based in South Africa, and nami.AI, an AIoT firm based in Singapore, jointly launched a new AIoT platform. This platform uses Wi-Fi access points to bestow sensing abilities on the tiniest smart devices, enabling them to distinguish between humans, pets, robot vacuums, pets and appliances.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence Of Things (AIoT) Market?
2. What is the CAGR expected in the Artificial Intelligence Of Things (AIoT) Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence Of Things (AIoT) Industry?
4. Which Region Is Leading the Artificial Intelligence Of Things (AIoT) Market?

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