The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

The Artificial Intelligence of Things (AIoT) market is witnessing an unprecedented surge in size, propelled by various factors. In 2023, it reached $7.52 billion, and the forecast promises even more remarkable growth. Let’s delve into the key drivers and trends shaping this dynamic landscape.

 

Current Market Scenario

• Numbers Speak: Exponential Growth
  • 2023 market size: $7.52 billion
  • 2024 projection: $9.98 billion
  • CAGR: 32.7%
• Contributing Factors to Historic Growth
  • IoT proliferation
  • AI advancements
  • Data growth
  • AIoT security concerns

 

 

Future Projections

• The Path to 2028
  • Projected market size: $31.05 billion
  • CAGR: 32.8%
• Drivers of Forecasted Growth
  • 5G network expansion
  • Edge computing growth
  • AIoT in healthcare
  • AIoT in smart cities
• Emerging Trends in the Forecast Period
  • AIoT analytics
  • AIoT in retail
  • AIoT in energy management
  • AIoT in transportation

 

 

Cloud Adoption: A Catalyst for AIoT Market Growth

• Understanding Cloud-Based AIoT
  • Cloud as a distributed server group
  • Infrastructure and software hosting
  • Online accessibility
• Cloud Statistics: An Insightful Glimpse
  • Global cloud infrastructure services expenditure (2022): $191.7 billion
  • Cloud data storage estimation by 2025: 200 zettabytes
• Impact on AIoT Market
  • Cloud storing and processing IoT device data
  • AI analyzing and decision-making based on data

 

 

Key Players in the AIoT Arena

• Major Contenders
  • Google LLC
  • Microsoft Corporation
  • Robert Bosch GmbH
  • Hitachi Ltd.
  • Amazon Web Services Inc.

… and many more.

• Market Leaders: A Diverse Mix
  • Google and Microsoft for cloud services
  • Robert Bosch and Hitachi for diversified AIoT applications

 

 

 

 

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Advancements in AIoT Integration and Data Processing

• Market Evolution
  • Companies enhancing AI and IoT integration
  • Strengthening data processing capabilities
  • Widening applications across industries
• Illustrative Case: Origin Wireless Inc. and nami.AI
  • Collaborative launch of an AIoT platform
  • Utilizing Wi-Fi access points for sensing capabilities
  • Distinguishing between humans, pets, robot vacuums, and appliances
• Strategic Moves: Renesas Corporation’s Acquisition of Reality AI
  • July 2022 acquisition of Reality AI
  • Strengthening AI capabilities for endpoint solutions
  • Incorporating machine learning algorithms for AIoT applications

 

 

Market Segmentation

• Comprehensive Breakdown
  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

 

 

Regional Dynamics: North America Takes the Lead

• Market Landscape in 2023
  • North America leading the AIoT market
• Factors Driving North American Dominance
  • Tech giants’ presence
  • Robust infrastructure
  • Early adoption of AIoT technologies

 

 

 

Read The Full Artificial Intelligence Of Things (AIoT) Market Report Here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-of-things-aiot-global-market-report

 

 

 

The Artificial Intelligence Of Things (AIoT) Global Market Report 2023  provides an overview of the artificial intelligence of things (AIoT) market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence of things (AIoT) market forecast analyzes artificial intelligence of things (AIoT) market size, artificial intelligence of things (AIoT) market share, leading competitor and their market positions.

 

 

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