In 2022, the artificial intelligence of things market was estimated to be worth USD 27.92 billion. With a projected CAGR of 32.4% over the forecast period, the market is expected to increase from USD 35.65 billion in 2023 to USD 253.86 billion by 2030.
A combination of artificial intelligence (AI) and the Internet of Things (IoT), artificial intelligence of things. With the help of this technology, machines can be given the ability to learn, think, and plan as well as be connected to the internet for data collection. Applications for the Internet of Things are used in a variety of industries, such as manufacturing, transportation, smart homes, and healthcare. It improves personalization, and automation, modernizes industries, and improves the standard of living for people.
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Which company dominates the Global Artificial Intelligence of Things Market?
- BOSCH (Germany)
- Advantech Co., Ltd. (Taiwan)
- Nvidia Corporation (U.S.)
- CMS Info Systems (India)
- Amazon Web Services (U.S.)
- Microsoft (U.S.)
- Inventec Corporation (Taiwan)
- Intel (U.S.)
- Qualcomm (U.S.)
- ARM (U.K.)
- PTC (U.S.)
What are the factors driving the growth of the Artificial Intelligence of Things Market?
Redefining digital homes and creating sustainable communities are major goals of the AIoT. Due to this, smart cities are now using more sustainable energy and water management practices, which is advancing the market. Increased efficiency, intelligent decision-making, and process automation are all made possible by these solutions.
What are the market's geographic insights for the Artificial Intelligence of Things Market?
The world market is segmented into five major geographic areas: North America, South America, Europe, the Middle East & Africa, and Asia Pacific. They are further divided into nations.
Due to the region's growing IoT adoption across a variety of industries, North America currently holds the majority of the market share for artificial intelligence in things. The deployment of sensors and IoT devices across a variety of industries to collect data and improve operational efficiency is accelerating the growth of the Internet of Things (IoT).
Read More On The Artificial Intelligence of Things Market Report At:
https://www.fortunebusinessinsights.com/artificial-intelligence-of-things-market-107836
An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Artificial Intelligence of Things Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Artificial Intelligence of Things Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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