The size of the global market for AIoT Platforms is expected to increase at a compound annual growth rate (CAGR) of 37.7% over the course of the forecast period, from USD 5.0 billion in 2023 to USD 24.9 billion by 2028, according to MarketsandMarkets.
Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4544896
The ongoing digital transformation in various sectors and large-scale adoption of smart devices and IoT technology are the factors expected to drive the growth of the AIoT platforms.
The AIoT Platforms market is poised for substantial growth in the coming years, driven by several key factors:
- Increasing Adoption of IoT Devices
- Advancements in Artificial Intelligence (AI) and Machine Learning (ML)
- Integration of AI with IoT Technologies
- Rise of Edge Computing
- Growing Demand for Predictive Maintenance
- Expansion of 5G Networks
These growth factors collectively contribute to the rapid development and expansion of the AIoT platforms market, as organizations across industries recognize the transformative potential of AI-driven IoT solutions.
Browse 278 market data Tables and 41 Figures spread through 244 Pages and in-depth TOC on "AIoT Platforms Market by Offering (Solutions (Device Management, Application Management, Connectivity Management) and Services), Vertical (BFSI, Manufacturing, Healthcare and Retail) and Region - Global Forecast to 2028"
Asia Pacific is likely to emerge as the fastest-growing market during the forecast period
AIoT technology use is currently increasing in the Asia Pacific area. China, Japan, and India are the major countries contributing to the growth of the market in the region. A growing need for AIoT applications has been caused by the region's vast population, strong adoption of mobile and internet technologies, and thriving manufacturing sector. In Asia-Pacific, industries like smart cities, healthcare, transportation, agriculture, and manufacturing are seeing a rise in adoption of AIoT. For instance, some Asian nations are launching projects to create smart cities that use AIoT technologies to enhance livability.
Request For Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=4544896
Market Players
The major vendors covered in the AIoT platforms market include IBM (US), Sharp Global (Japan), Google (US), AWS (US), Microsoft (US), Oracle (US), HPE (US), Cisco (US), Intel (US), Tencent Cloud (China), NXP (Netherlands), SAS (US), Hitachi (Japan), SAP (Germany), AxiomTek (Taiwan), Autoplant Systems India Pvt. Ltd. (India), Williot (Israel), Cognosos (US), Relayr (US), Terminus Group (China), Semifive (South Korea), Uptake (Chicago), Falkonry (US), and Sightmachine (US).
About MarketsandMarketsâ˘
MarketsandMarkets⢠has been recognized as one of Americaâs best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets⢠is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of Americaâs best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines â TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the âGIVE Growthâ principle, we work with several Forbes Global 2000 B2B companies â helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore⢠(our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarketsâ˘.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets⢠INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
