Global Artificial Intelligence Of Things (AIoT) Market Projected to Grow at 33% CAGR, Reaching $41.54 Billion by 2029

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What Will the Artificial Intelligence Of Things (AIoT) Industry Market Size Be by 2025?
In recent times, the market size for the Artificial Intelligence of Things (AIoT) has experienced a substantial expansion. It is anticipated to surge from $9.98 billion in 2024 to $13.26 billion in 2025, marking a compound annual growth rate (CAGR) of 32.9%. Factors contributing to this growth during the historical period include the wide-scale spread of IoT, advancements in AI, data growth, and growing security concerns about AIoT.

What's the Long-Term Growth Forecast for the Artificial Intelligence Of Things (AIoT) Market Size Through 2029?
In the coming years, the Artificial Intelligence of Things (AIoT) market is projected to experience significant expansion, reaching a value of $41.54 billion in 2029, growing at an annual compound rate of 33.0%. The predicted growth during the estimated period is largely due to factors such as the expansion of the 5G network, the development of edge computing, and the application of AIoT in healthcare and smart cities. Over this period, key trends are expected to emerge, including AIoT analytics, the use of AIoT in retail, energy management, and transportation.

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What Are the Key Growth Drivers Fueling the Artificial Intelligence Of Things (AIoT) Market Expansion?
The AIoT market is likely to expand due to a surge in cloud adoption. The cloud is essentially a set of distributed servers that provide infrastructure and software which are accessible via the internet. AIoT in the cloud uses cloud computing platforms to process and control data coming from IoT devices. This indicates that the cloud serves as a storage and processing space for IoT device data, while artificial intelligence is used to analyze this data and make decisions. For instance, Canalys, a tech market analyst firm based in Singapore, reported that global spending on cloud infrastructure services rose by 35% to US$191.7 billion in February 2022, a significant increase from US$142.0 billion over the previous two years. Additionally, according to UK-based AAG IT Services & Cyber Security, approximately 60% of corporate data was stored on the cloud in 2022, and they predict global cloud-stored data will hit 200 zettabytes by 2025. As a result, the growing adoption of cloud technology contributes to the expansion of the AIoT market. Artificial Intelligence Of Things (AIoT) Market Driver: The Growth Of The Artificial Intelligence Of Things (AIoT) Market Is Fueled By The Increasing Usage Of Internet Of Things (IOT) Devices

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What Are the Key Trends Driving Artificial Intelligence Of Things (AIoT) Market Growth?
Key players in the AIoT industry are concentrating on enhancing the synergy of AI and IoT, amplifying data processing powers, and broadening their applications across various sectors in order to fortify their market stance. This evolution aims to leverage the potential of AI and IoT in developing more effective and smart systems. To illustrate, in January 2022, a joint venture was established by Origin Wireless Inc., a technology firm from South Africa, and nami.AI, an AIoT firm from Singapore. They introduced a new AIoT platform that utilizes Wi-Fi access points to equip even the tiniest smart devices with sensing abilities, enabling them to differentiate between humans, pets, robot vacuum cleaners, and appliances.

How Is the Artificial Intelligence Of Things (AIoT) Market Segmented?
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 Companies Are Leading the Charge in Artificial Intelligence Of Things (AIoT) Market Innovation?
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.

Which Regions Are Leading the Global Artificial Intelligence Of Things (AIoT) Market in Revenue?
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.

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