The AIoT market is poised for remarkable expansion, forecasted to surge from $18.37 billion in 2024 to $79.13 billion by 2030. This growth is fueled by advances in artificial intelligence (AI) and the Internet of Things (IoT). Key technologies driving this market include machine learning, natural language processing, computer vision, and context-aware AI. Major platforms encompass IoT device management, application enablement, and connectivity management, bolstered by cloud and advanced analytics solutions. North America is currently the second-largest AIoT market, with significant adoption in manufacturing, healthcare, and transportation sectors. Prominent companies leading the charge include IBM, Cisco, AWS, Google, Microsoft, and Oracle, among others.
The increasing integration of AI in various sectors such as healthcare, manufacturing, and energy is also noteworthy, with healthcare expected to reach $183.56 billion by 2030. Similarly, the AI in energy market is anticipated to grow to $55.38 billion. With continuous technological advancements and the widespread adoption of AIoT solutions, the market presents lucrative opportunities for key players and new entrants alike. As industries continue to embrace digital transformation, the AIoT market's future looks promising, with a significant impact on global technological landscapes.
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