AIoT Platforms Market to Grow at 36.75% CAGR, Reaching $62.03 Billion by 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AIoT Platforms Market Size, Share & Trends Analysis Report By offerings (Device Management, Application Management, Connectivity Management, Deployment and Integration, Support and Maintenance, Training and Consulting) and application (BFSI, Manufacturing, Healthcare, Energy & Utilities, Retail, Transportation & Logistics)- Market Outlook And Industry Analysis 2031"
The Global AIoT Platforms Market is estimated to reach over USD 62.03 billion by 2031, exhibiting a CAGR of 36.75% during the forecast period.

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The combination of (AI) and (IoT) can accelerate the benefits of digital transformation across various market segments, including consumer, enterprise, industrial, and government. According to Mind Commerce, the Artificial Intelligence of Things (AIoT) is a game-changer for both technologies, as AI enhances IoT through machine learning and decision-making capabilities. At the same time, IoT adds value to AI through connectivity and data exchange. Although current AIoT solutions are limited, their integration within businesses and industries is expected to result in more advanced and valuable cross-industry solutions, focused on optimizing system and network operations and improving data analytics and decision-making processes. As IoT networks become increasingly ubiquitous across different industries, there will be a surge in unstructured machine data.

Furthermore, the growth of human-oriented and machine-generated data will create significant opportunities for AI to support unstructured data analytics solutions. The use of machine learning and other AI tools will enable advanced data analytics, providing valuable insights from raw data.