AIoT Market Introduction and Overview
According to SPER market research, ‘Global AIoT Market Size- By Component, By Deployment, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global AIoT Market is predicted to reach 2737.44 billion by 2034 with a CAGR of 31.91%.
AIoT refers to the integration of AI capabilities into IoT systems and devices, which allows these interconnected items to gather, analyse, and respond to data autonomously or semi-autonomously. This convergence improves the capabilities of traditional IoT systems by introducing intelligence, predictive analytics, and decision-making capabilities at all levels of the IoT architecture, from edge devices to cloud platforms.
Restraints:The market’s expansion is being slowed back by a lack of qualified workers with experience in AIoT platforms. Finding experts with the requisite technical expertise in both AI and IoT technologies is a difficulty for businesses looking to deploy AIoT solutions. Organisations’ attempts to innovate and optimise operations are hampered by this skills gap, which restricts their capacity to fully utilise AIoT capabilities.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Component, By Deployment, By End User.
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa.
Companies Covered
Google LLC, IBM Corporation, Microsoft, Oracle, PTC, Salesforce, Inc, SAS Institute, Inc, SAP SE, Softweb Solutions Inc, Thingstel Tech Solutions India Pvt Ltd. and others.
AIoT Market Segmentation:
By Component:Based on the Component, Global AIoT Market is segmented as; Software, Services.
By Deployment:Based on the Deployment, Global AIoT Market is segmented as; On-premise Deployment, Cloud-based Deployment.
By End User:Based on the End User, Global AIoT Market is segmented as; Manufacturing, Infrastructure, Healthcare, Retail, BFSI, Automotive, Other.
By Region:This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
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