- AIoT combines artificial intelligence with IoT infrastructure to enable intelligent, connected devices that can process data locally or in the cloud, offering advanced analytics, automation, and real-time decision-making
- The surge in demand for AIoT solutions is fueled by the need for enhanced operational efficiency, predictive maintenance, and smart automation across industries such as manufacturing, healthcare, and retail
- North America dominated the AIoT market with the largest revenue share of 38.5% in 2024, driven by early adoption of advanced technologies, robust digital infrastructure, and the presence of leading AIoT solution providers
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid urbanization, increasing investments in smart infrastructure, and rising adoption of AIoT in countries such as China, Japan, and India
- The cloud-based segment dominated the largest market revenue share of 52.3% in 2024, driven by its scalability, cost-effectiveness, and ability to handle large-scale data processing and storage for AIoT applications
