Artificial Intelligence in IoT Market size was valued at USD 15 Billion in 2024 and is projected to reach USD 60 Billion by 2033, exhibiting a CAGR of 16.5% from 2026 to 2033.
The Artificial Intelligence in IoT (AIoT) market size was valued at approximately USD 15.36 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 27.7% from 2023 to 2030. The market is driven by the increasing adoption of IoT devices across various sectors such as healthcare, manufacturing, automotive, and smart homes. AI enhances the functionality of IoT devices by enabling them to analyze large datasets, make autonomous decisions, and improve overall operational efficiency. This has resulted in widespread use of AIoT in applications such as predictive maintenance, real time monitoring, and autonomous systems. Additionally, AIoT is expected to play a significant role in sectors such as agriculture, where it will help optimize resource usage and improve crop yields, further expanding market opportunities.
Regionally, North America held the largest market share in 2022, accounting for over 35% of the total revenue. The region is anticipated to continue dominating the AIoT market due to the presence of major technology companies, early adoption of innovative technologies, and significant investment in smart cities, autonomous vehicles, and industrial automation. Europe is the second largest market, driven by the increasing demand for smart devices and initiatives in energy efficiency. Asia Pacific is expected to witness the highest growth rate during the forecast period, with a strong emphasis on industrial automation, smart homes, and IoT integration in emerging economies such as China and India. The regional expansion of AIoT applications presents significant growth opportunities in these regions as they embrace advanced technological solutions to address their unique challenges.
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IBM
Microsoft
PTC
AWS
Oracle
GE
Salesforce
SAP
Hitachi
Uptake
SAS
Autoplant Systems India Pvt. Ltd.
Kairos
Softweb Solutions
Arundo
C3 IoT
Anagog
Thingstel
Imagimob
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence in IoT Market
Cloud
On-premises
Hardware
Software
Services
Machine Learning
Natural Language Processing (NLP)
Computer Vision
Edge Computing
Smart Home
Industrial Automation
Healthcare
Automotive
Smart Cities
Agriculture
Retail
Manufacturing
Energy & Utilities
Transportation
Healthcare
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence in IoT Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence in IoT Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence in IoT Market, By Type
6. Global Artificial Intelligence in IoT Market, By Application
7. Global Artificial Intelligence in IoT Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence in IoT Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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