Northbrook, IL 60062 -- (SBWIRE) -- 04/25/2023 -- The AIoT Platforms Market is estimated at USD 5.0 billion in 2023 and is projected to reach USD 24.9 billion by 2028, at a CAGR of 37.7% from 2023 to 2028.

AIoT is gaining popularity in the healthcare sector. Wearable devices, such as smartwatches and fitness trackers, are increasingly being used to monitor patients' health statuses and track their progress. These devices can collect data on everything, from heart rate and blood pressure to sleep patterns and physical activity, which can then be used by physicians to diagnose and treat a variety of health conditions.

Browse 278 market data Tables and 41 Figures spread through 244 Pages and in-depth TOC on "AIoT Platforms Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4544896

By offering, solutions are estimated to account for the largest market share in 2023.

The demand for AIoT platforms solutions is increasing globally, due to the need for improved risk management capacity, optimization, decreased downtime, intelligent real-time monitoring of processes, and enhanced data management and analysis. Several leading platform providers, such as IBM, AWS, Google, Microsoft, and GE, offer IoT platforms integrated with AI capabilities, such as ML-based analytics. Most of the enterprises are deploying AIoT platforms because of their ability to churn insights quickly from bulk quantities of data generated from IoT devices.

Managed services are expected to register the fastest growth rate during the forecast period.

Managed services are considered crucial, as they are directly related to customer experience. These services help sustain their positions in the market. Nowadays, it has become difficult for companies to focus on core business processes and support various other functions, which, in turn, increases the significance of managed services. These services offer technical skills that are required to maintain and update software in the AIoT ecosystem. Integrated facility management, consultancy, round-the-clock help desk, finance, and accounts are some of the upcoming managed services required by operators. This segment is mainly driven by the increasing adoption of outsourced managed services in the AIoT market.

Asia Pacific is likely to emerge as the fastest-growing market during the forecast period

AIoT technology use is currently increasing in the Asia Pacific area. China, Japan, and India are the major countries contributing to the growth of the market in the region. A growing need for AIoT applications has been caused by the region's vast population, strong adoption of mobile and internet technologies, and thriving manufacturing sector. In Asia-Pacific, industries like smart cities, healthcare, transportation, agriculture, and manufacturing are seeing a rise in adoption of AIoT. For instance, some Asian nations are launching projects to create smart cities that use AIoT technologies to enhance livability.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=4544896

Market Players

The major vendors covered in the AIoT platforms market include IBM (US), Sharp Global (Japan), Google (US), 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), Cognosos (US), Relayr (US), Terminus Group (China), Semifive (South Korea), Uptake (Chicago), Falkonry (US), and Sightmachine (US).

Browse Other Reports:

Enterprise Collaboration Market – Global Forecast to 2026

Predictive Analytics Market – Global Forecast to 2026

Edge Computing Market – Global Forecast to 2027

Modular Data Center Market – Global Forecast to 2030

About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aiot-platform-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/aiot-platform.asp