The Surge In Smart Device Demand Fuels The AIot Platform Market Expansion: Transformative Forces Shaping the Artificial Intelligence Of Things (AIoT) Platforms Market Landscape in 2025

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How Large Will the Artificial Intelligence Of Things (AIoT) Platforms Market Size By 2025?
The market size for artificial intelligence of things (aiot) platforms has seen significant expansion in the past few years. It is expected to increase from a value of $6.2 billion in 2024 to $8.67 billion in 2025, translating to a compound annual growth rate (CAGR) of 39.9%. Factors contributing to this historic growth include heightened government expenditures and initiatives supporting aiot platform development, a rise in the usage of AIoT platforms for the monitoring and analysis of connected device data, the creation of appropriate platforms across different industry sectors by multiple organizations, and the implementation of aiot in realms such as supply chain management, quality assurance, and energy optimization. The escalating demand for smart devices has also played a major role.

How Big Is the Artificial Intelligence Of Things (AIoT) Platforms Market Size Expected to Grow by 2029?
Expect a surge in the market size of the artificial intelligence of things (aiot) platforms due to exponential growth anticipated in the coming years. The current prediction for growth stands at a compound annual growth rate (CAGR) of 35.7%, reaching $29.39 billion by 2029. The projected expansion in this period can be linked to factors such as increased government investments and initiatives towards AIoT platform innovations, improvements in edge computing, the upswing in 5G connectivity, enhancements in customer experience, and mounting security concerns. Furthermore, taking note of the forecast period, significant trends will also include the integration of AI-oriented solutions in IoT ventures, strategic alliances and collaborations, development of new products, diversification across various sectors, and advancements in technological dimensions.

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Which Key Market Drivers Powering Artificial Intelligence Of Things (AIoT) Platforms Market Expansion and Growth?
Progress in the AIoT platforms market is anticipated to be driven by the growing demand for smart devices. These devices, which can function interactively and autonomously to a certain degree, are often linked to other devices or networks through various wireless protocols such as Bluetooth, Zigbee, Wi-Fi, or 5G. AIoT platforms improve the abilities of smart devices by utilizing artificial intelligence (AI) to analyze and respond to the data these devices produce. For instance, the Smart Meter Statistics in Great Britain: Quarterly Report up to the end of December 2023 from GOV.UK, indicates that by the conclusion of 2023, 61 percent of operational meters were identified as smart and advanced meters. This was a growth of 6-percentage points compared to the end of 2022. Consequently, the AIoT platform market's expansion is fueled by the increasing demand for smart devices.

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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence Of Things (AIoT) Platforms Market?
Leading businesses within the AIoT Platforms market are focusing on the creation of cutting-edge technological advancements, such as the AIoT Platform Stack, to maintain their competitive edge. Essentially, an AIoT platform stack represents a comprehensive assembly of hardware, software, and resources, allowing developers to design and implement AI applications aimed at the Internet of Things (IoT). For example, a semiconductor manufacturer based in Taiwan, MediaTek Inc., unveiled the Genio Platform for AIoT appliances in May 2022. This platform stack provides a simplified pathway for manufacturers to introduce innovative intelligent devices to the market, ranging from high-end to entry-level options. The Genio offering encapsulates potent, efficient chipsets, an open platform AIoT SDK for software engineering, and a developer resource center equipped with necessary tools.

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

1) By Component: Software Or Platform, Services, Professional, Managed
2) By Deployment: On-premises, Cloud
3) By Industry Vertical: Manufacturing, Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, Energy And Utilities, Transportation And Logistics, Other Industry Verticals

Subsegments:
1) By Software Or Platform: AI Algorithms, IoT Platforms, Data Analytics Software, Edge Computing Software
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services
3) By Professional: System Design And Development, Implementation Services, Training And Education Services
4) By Managed: Managed Security Services, Managed Data Services, Managed Network Services

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Who Are the Global Leaders in the Artificial Intelligence Of Things (AIoT) Platforms Market?
Major companies operating in the artificial intelligence of things (AIoT) platforms market report are Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., Tencent Cloud, Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Xiaomi Technology Co. Ltd., Robert Bosch GmbH, SAP SE, Fujitsu Ltd., ABB Ltd., Hewlett Packard Enterprise Company, Sharp Corporation, NXP Semiconductors N.V., SAS Institute Inc., PTC Inc., Axiomtek Co. Ltd., Litmus Automation Inc., Autoplant Systems India Private Limited

Which are the Top Profitable Regional Markets for the Artificial Intelligence Of Things (AIoT) Platforms Industry?
North America was the largest region in the AIoT platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence of things (aiot) platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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