Impact Of Increasing Cloud Adoption On The Aiot Market: A Key Catalyst Accelerating Global Artificial Intelligence Of Things (AIoT) Market Growth in 2025

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What Is the Expected CAGR for the Artificial Intelligence Of Things (AIoT) Market Through 2025?
In recent years, there has been an exponential increase in the dimensions of the artificial intelligence of things (aiot) market. It is predicted to expand from $9.98 billion in 2024 to $13.17 billion in 2025, with a compound annual growth rate (CAGR) of 32.0%. The historical growth can be linked to the rise of iot, improved AI technologies, increased data growth, and security issues surrounding aiot.

What's the Projected Size of the Global Artificial Intelligence Of Things (AIoT) Market by 2029?
The market size of the artificial intelligence of things (aiot) is projected to experience significant expansion in the upcoming years, reaching $41.28 billion in 2029 with a compound annual growth rate (CAGR) of 33.0%. The growth expected during the forecast period is linked to developments like the expansion of the 5g network, increase in edge computing, use of aiot in the healthcare sector, and implementation of aiot in smart cities. Key trends during this period are expected to be aiot analytics, application of aiot in retail and energy management, and utilization of aiot in the transportation sector.

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Top Growth Drivers in the Artificial Intelligence Of Things (AIoT) Industry: What's Accelerating the Market?
The rise in the adoption of cloud technology is anticipated to fuel the expansion of the AIoT market. A cloud consists of a server cluster that contains infrastructure and software available online. AIoT based on the cloud employs cloud computing platforms to control and analyze data from IoT-equipped devices. This suggests that the cloud serves as the storage and processing hub for data from IoT devices, utilizing AI to scrutinize and reach decisions based on the data. For example, Canalys, a technology market research company in Singapore, reported in February 2022 that global expenditure on cloud infrastructure services had escalated by 35% to US$191.7 billion, a substantial rise from US$142.0 billion over the previous two years. Furthermore, AAG IT Services & Cyber Security, a UK-based corporation offering IT support and digital transformation services, reported in August 2023 that approximately 60% of corporate data was housed in the cloud in 2022 and projected that globally, data stored in the cloud will reach 200 zettabytes by 2025. Consequently, the surge in cloud adoption stimulates the growth of the AIoT market.

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What Trends Will Shape the Artificial Intelligence Of Things (AIoT) Market Through 2029 and Beyond?
Prominent enterprises within the AIoT industry are concentrating their efforts on enhancing the fusion of AI and IoT, upgrading data interpretation ability, and diversifying the application scope across multiple industries to fortify their market standing. These advancements aim to leverage the potency of AI and IoT in order to establish more competent and intelligent systems. For instance, in January 2022, a strategic collaboration between Origin Wireless Inc., a technology company rooted in South Africa, and nami.AI, a Singapore-based AIoT firm, resulted in the launch of an innovative AIoT platform. This platform utilizes Wi-Fi access points to provide sensing capabilities to even the smallest smart devices, enabling them to differentiate between humans, pets, robotic vacuum cleaners, and appliances.

What Are the Main Segments in 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 Top Companies are Driving Growth 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.

Which Regions Will Dominate the Artificial Intelligence Of Things (AIoT) Market Through 2029?
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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