AI IoT Platform Market Key Highlights:
- Market Size (2024): USD 1.23 Billion
- Projected Market Size (2034): USD 2.22 Billion
- CAGR (2023-2034): 6.10%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
AI IoT Platform Market
The AI IoT Platform Market includes a combination of artificial intelligence (AI) technology and Internet of Things (IoT) infrastructure. The goal of AI IoT is to make IoT operations more efficient, improve human-machine interaction, and enhance data management and analysis. The market is growing because IoT platforms are an integrated set of technologies that enable organizations to design, develop, deploy, and run IoT applications at scale. According to Siemens, using the Siemens MindSphere IoT platform on AWS will help to achieve world-class productivity. The plant’s OEE production results are between 40 and 50 percent, and the team is targeting 60 percent if the program is implemented across the plant next year. Ultimately, the goal is to reach 85 percent.
The demand for AI IoT platform market continues to grow as the incorporation of artificial intelligence into the Industrial Internet of Things can improve product quality and reduce detection errors. It improves the overall quality of products, increases customer satisfaction, and provides manufacturers with a competitive advantage. The solutions use advanced algorithms and deep learning techniques. It provides accurate results, reduces errors, and increases efficiency. For example, in December, Hitachi created a virtual world that can quickly replicate the workplace on the platform using artificial intelligence technologies, such as generative AI, and effectively convey relevant visual information even to consumers who are not familiar with digital technology.
AI IoT Platform Market Segmentation:
By Type
- Intelligent Terminal Products
- Technical Services
By Application
- Manufacturing
- Health Care
- Energy and Utilities
- Other
AI IoT Platform Market Companies:
- IBM
- Sharp Global
- Google
- AWS
- Microsoft
- Oracle
- HPE
- Cisco
- Intel
- Tencent Cloud
- NXP
- SAS
- Hitachi
- SAP
- Axiom Tek
- Autoplant Systems India Pvt. Ltd.
- WilliotCognosos
- Relayr
- Terminus Group
- Semifive
- Uptake
- Falkonry
- Sightmachine.
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