The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the artificial intelligence of things (aiot) market in recent years?
The increase in cloud adoption is expected to propel the growth of the AIoT market. A cloud is a distributed server group that houses infrastructure and software and can be accessed online. Cloud-based AIoT uses cloud computing platforms to manage and process data from IoT devices. It signifies that cloud is used to store and process IoT device data, while AI is utilized to analyze and make decisions based on that data. For instance, in February 2022, according to Canalys, a Singapore-based technology market analyst firm, the global cloud infrastructure services expenditure increased by 35% to US$191.7 billion, up from US$142.0 billion in past two years. Further, in August 2023, according to AAG IT Services & Cyber Security, a UK-based provider of IT support and digital transformation services, around 60% of corporate data was stored in the cloud in 2022 and it is estimated that the global data stored on the cloud will reach 200 zettabytes by 2025. Therefore, the increase in cloud adoption drives the growth of the AIoT market.
Artificial Intelligence Of Things (AIoT) Market Driver: Artificial Intelligence Of Things (AIOT) Market Is Thriving Due To Growing Use Of Internet Of Things (IOT) Devices
The growing use of Internet of Things (IoT) devices is expected to propel the growth of the artificial intelligence of things (AIoT) market in the coming future. The Internet of Things, also referred to as IoT is an ensemble of interconnected objects that communicate with one another and with the cloud. The AIoT (Artificial Intelligence of Things) market propels IoT (Internet of Things) devices by facilitating real-time analysis and decision-making at the device level. It merges IoT’s connectivity capabilities with AI-derived insights, rendering it well-suited for addressing distinct challenges through distributed, intelligent systems. For instance, in May 2023, according to IoT Analytics GmbH, a Germany-based comprehensive data analysis platform for the Internet of Things, artificial intelligence, cloud computing, and Industry 4.0, the worldwide number of interconnected IoT devices is projected to rise 16% to 16.7 billion operational endpoints by 2023. Therefore, the growing use of Internet of Things (IoT) devices is driving the artificial intelligence of things (AIoT) market.
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What is the projected market size of the artificial intelligence of things (aiot) industry, and how is it expected to grow?
The artificial intelligence of things (AIoT) market size has grown exponentially in recent years. It will grow from $9.98 billion in 2024 to $13.26 billion in 2025 at a compound annual growth rate (CAGR) of 32.9%. The growth in the historic period can be attributed to iot proliferation, ai advancements, data growth, aiot security concerns.
The artificial intelligence of things (AIoT) market size is expected to see exponential growth in the next few years. It will grow to $41.54 billion in 2029 at a compound annual growth rate (CAGR) of 33.0%. The growth in the forecast period can be attributed to 5g network expansion, edge computing growth, aiot in healthcare, aiot in smart cities. Major trends in the forecast period include aiot analytics, aiot in retail, aiot in energy management, aiot in transportation.
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Who are the key players driving competition 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 key trends are expected to drive the artificial intelligence media entertainment generator market during the forecast period?
Major companies operating in the AIoT sector are focused on improving the integration of AI and IoT, enhancing data processing capabilities and expanding the range of applications across different industries to strengthen their position in the market. These developments seek to capitalize on the power of AI and IoT to create more efficient and intelligent systems. For instance, in January 2022, Origin Wireless Inc., a South Africa-based technology company and nami.AI, a Singapore-based AIoT company, collaboratively launched a new AIoT platform that employs Wi-Fi access points to bring sensing capabilities to the smallest of smart devices, allowing them to distinguish between humans, pets, robot vacuums, pets and appliances.
Which key geographies are driving the growth of 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.
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What are the key segments driving growth 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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How is the artificial intelligence of things (aiot) market defined, and what are its core characteristics?
Artificial Intelligence of Things (AIoT) is the integration of AI technologies with Internet of Things (IoT) infrastructure to improve data management and analytics, IoT operations and human-machine interactions. The primary objective of this technology is to utilize the benefits of IoT by relying on Artificial Intelligence to improve decision-making processes by quickly and precisely giving operational insights.
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