What is the global market size of Artificial Intelligence of Things (AIoT) Market?

Artificial Intelligence of Things (AIoT) Market size was valued at USD 65.50 billion in 2022 and is poised to grow from USD 82.01 billion in 2023 to USD 495.09 billion by 2031, growing at a CAGR of 25.2% during the forecast period (2025-2032).

What is the key driver of Artificial Intelligence of Things (AIoT) Market?

AIoT has a great influence over digital homes and extends its effort towards the development of sustainable communities. This has fostered the application for the efficient use of energy and water for smart cities and has furthered the market advancement. They augment process efficiency through facilitating automation and improved decision making. For instance, Smart City Development, a company that specializes in manufacturing and conceptualizing smart cities at an affordable price, proposes a solution known as Smart Infrastructure Management or SIM. The solution being referred to lays its foundation in IoT, considered as the foundational pillar of the framework as it presents data processed by AI. Moreover, AIoT is initiatory and deployed to recognize characteristic events. It is implemented onto SIM’s tank truck and water management to pre-alert of low water levels in overhead tank (OHT) and subsequently turning on the refill pumps. This helps residents to have a constant water supply while reducing water wastage and boosting the standard of living. So, we see that adopting AIoT to encourage efficient utilization of water and energy is one of the key reasons for the expansion of the global market.

What is the key market trend for Artificial Intelligence of Things (AIoT) Market?

Industrial Automation & Robotics in AIoT to Boost up the service need and requirement: AIoT is emerging as a new powerful tool for the automation of industries and robotics. Modern robots developed on the principles of artificial intelligence can understand speech and gestures, share information and coordinate their actions, learn, behave in different conditions and carry out difficult operations without involving a person. This trend is culminating in progressing the manufacturing and logistics industries and many others. Moreover, AIoT is revolutionizing Robotics by making it smart and self-sufficient systems in their context. Smart IoT devices within a robot gather information from the surrounding environment which may encompass sensor data, climate and performance of the machines and equipment being operated. Through the usage of this data, artificial intelligence (AI) algorithms can drive informed decisions, learn and adapt to new environs, and work faster on different ventures. The level of interaction between the autonomous systems and industrial processes can result in higher efficiency and better use of resources in multiple industries. For instance, in January 2022, Hitachi Industrial Equipment Systems Co., and Hitachi Limited said they have decided to advance the plans for the development of building business around the globe, through the use of industrial robots in Japan and ASEAN region. The companies also envisioned to become global pioneers in the Line Business through the propositions of Full Turnkey Solutions in Line Building complemented by Fusion with Digital Solutions. Consequently, factors such as industrial automation and robotics are influencing the artificial intelligence of things by developing new technologies that positively affect the market.

Which region accounted for the largest share in Artificial Intelligence of Things (AIoT) Market?

North America dominated the global market in 2023. This has led to an increased uptake of IoT in various industries in the region, whose growth contributes to the advanced expansion forecasted for the industry. Internet of Things (IoT) is enriching expectedly, with enhancement of sensors and IoT devices across various sectors to gather and optimize working procedures and parameters data. Moreover, AIoT brings all the necessary frameworks that allow one to orchestrate the steady stream of data and carry out the analysis quickly. The following factors are also future-proofing market growth in the region: Predictive analytics. As the platforms which are based on the concepts of AI, these platforms are actually capable to recognize the multi-parameters relationship and correlation of the IoT data, anticipate the future shared affairs, detect the variation and then offer out the real-time advices or suggestions. This capability helps various organizations reduce the customers’ costs, enhance their experiences, and also incubate innovations. Hence, North America possesses the largest market for this sector in the world market, owing to constant improvement in the region.

Artificial Intelligence of Things (AIoT) Market Size

Q: Who are the key vendors in the Artificial Intelligence of Things (AIoT) Market?

Global AIoT market is fragmented with potential entrants and existing players from various industries competing for a share. Established players include leading international technology corporations, specialist AIoT solution providers, as well as a new generation of startups focused on creating sustainable markets and unique value propositions. Players with the potential to transform the AIoT marketplace are primarily drawn from the technology sector given their stature in cloud computing, AI and IoT space in a bid to offer optimal AIoT solutions. Moreover, major dedicated AIoT players are also advancing fast and providing divergent optimized hardware platform and software tools for AIoT use cases. 'IBM (US) ', 'Sharp Global (Japan) ', '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) ', 'Terminus Group (China) ', 'Robert Bosch GmbH (Germany) ', 'Semifive (South Korea) ', 'Falkonry (US)'

SkyQuest Technology's Artificial intelligence of things (aiot) market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Artificial Intelligence of Things (AIoT) Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Artificial Intelligence of Things (AIoT) Market Insights

Artificial Intelligence of Things (AIoT) Market size was valued at USD 18.01 billion in 2023 and is poised to grow from USD 22.73 billion in 2024 to USD 146.23 billion by 2032, growing at a CAGR of 26.2% during the forecast period (2025-2032).

Manufacturing is a system of artificial intelligence (AI) and the internet of things (IoT). This technology connects devices to the Internet to collect data and provides devices with learning, reasoning and programming capabilities. AIoT applications span a range of industries including transportation, smart homes, manufacturing and healthcare. It enhances individualization, automation, modernization of services and quality of life for individuals.

Thus, widespread adoption of IoT devices, changes and improvements in computing power, AI algorithms, demand for efficiencies, data-based insights all create increased demand for AIoT solutions. Enhanced consumer Experience, AIoT are some of the areas where they are aggressively being used to reduce costs, gain competitive advantage with the continuous growth of IoT and AI, the market has been compressed for future growth, delivering more potential operations and modernizing more businesses within the estimated timeframe.

Artificial Intelligence of Things (AIoT) Market Report Snapshots

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Artificial Intelligence of Things (AIoT) Market size was valued at USD 82.01 Billion in 2023 and is poised to grow from USD 102.68 Billion in 2024 to USD 619.85 Billion by 2032, growing at a CAGR of 25.2% during the forecast period (2025-2032).

The global market is fragmented with potential entrants and existing players from various industries competing for a share. Established players include leading international technology corporations, specialist AIoT solution providers, as well as a new generation of startups focused on creating sustainable markets and unique value propositions. Players with the potential to transform the marketplace are primarily drawn from the technology sector given their stature in cloud computing, AI and IoT space in a bid to offer optimal AIoT solutions. Moreover, major dedicated AIoT players are also advancing fast and providing divergent optimized hardware platform and software tools for AIoT use cases. 'IBM (US) ', 'Sharp Global (Japan) ', '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) ', 'Terminus Group (China) ', 'Robert Bosch GmbH (Germany) ', 'Semifive (South Korea) ', 'Falkonry (US)'

AIoT is playing a key role in redefining digital homes and building sustainable communities. This has led to increased consumption of sustainable energy and water in smart cities, leading to market growth. This solution enables automated planning, intelligent decision-making, and improved productivity.

Increasing Technological Automation and Robotics in AIoT To Increase Service Demand: AIoT is changing industrial automation and robotics. AI-powered robots can communicate and cooperate with each other, adapt to changing environments, and perform complex tasks with minimal human intervention. This trend is driving growth in sectors such as manufacturing and logistics. Furthermore, AIOT enhances robots by enabling intelligent systems. IoT devices embedded in robots collect data from their environment, such as sensor readings, environmental conditions, and device performance. Artificial intelligence (AI) algorithms can process this data to make informed decisions, adapt to changing environments, and perform tasks more efficiently. Smart robots can integrate with humans and other robots, increasing productivity and flexibility in industrial applications.

North America dominated the global artificial intelligence of things (AIoT) market with a 35.6% share in 2022. This growth is attributed to the rising adoption of IoT across industries in the region. Additionally, AIoT platforms provide the infrastructure and tools needed to effectively manage data. Predictive analytics is also driving the market in this area.

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Artificial Intelligence of Things (AIoT) Market

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