The AIoT market is projected to grow significantly in the coming years, with estimates forecasting a leap from USD 18.37 billion in 2024 to USD 79.13 billion by 2030, fueled by the increasing deployment of IoT devices across various sectors. The integration of AI into these devices enhances data analysis and decision-making processes through advanced analytics and machine learning techniques. The emergence of 5G technology further drives growth by improving connectivity and reducing latency, facilitating the development of smart home devices and cloud computing advancements.
Asia Pacific is expected to lead the growth in the AIoT market, with countries like China, Japan, and India investing heavily in innovative technologies. Professional services, including deployment, support, maintenance, and consulting, play a crucial role in implementing AIoT systems, while managed services are experiencing the fastest growth. Companies like IBM, Cisco, Amazon Web Services, and Google are employing strategic measures like partnerships and acquisitions to enhance their market presence.
The research report provides insights into market dynamics, industry trends, and emerging technologies in the AIoT market, presenting opportunities for market players to expand their strategies and offerings. With a focus on offering in-depth analysis and market insights, the report aims to help businesses navigate the evolving landscape of AIoT technologies and solutions.
Source
Photo credit www.globenewswire.com
