The Asia Pacific Artificial Intelligence of Things (AIoT) Market is expected to witness market growth of 27.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.37 billion by 2031. The Japan market is experiencing a CAGR of 27.1% during 2024-2031. Additionally, the India market is expected to exhibit a CAGR of 28.8% during 2024-2031.
The market is further enhanced by a rise in investments directed towards research and development. Technology companies, startups, and governments are pouring resources into AIoT innovation, leading to breakthroughs in hardware, software, and analytics. These investments are driving down costs and making AIoT solutions more accessible to businesses of all sizes. Furthermore, partnerships between technology providers and industry stakeholders are facilitating the creation of bespoke AIoT applications designed to meet particular requirements.
The necessity for real-time data analytics serves as a principal catalyst for the adoption of Artificial Intelligence of Things (AIoT). This capability allows businesses to instantaneously collect, process, and act on data, enhancing operational efficiency and customer experiences. In retail, AIoT systems analyze data from smart devices like shelves and cameras to understand consumer behavior and preferences, enabling personalized marketing and efficient inventory management. For example, real-time insights allow retailers to dynamically adjust promotions or restock items automatically, improving sales and reducing waste.
South Korea's manufacturing sector is a significant contributor to AIoT adoption, with the industry's added value projected to grow from $437 billion in 2018 to $678 billion by 2030, according to industry experts. AIoT technologies are transforming South Korea’s manufacturing landscape through applications such as smart robotics, IoT-enabled production monitoring, and AI-driven supply chain optimization. As South Korea continues to concentrate on digital transformation and smart manufacturing, AIoT is expected to aid in driving efficiency, innovation, and global competitiveness across its industries. Therefore, with a strong focus on automation, efficiency, and sustainability, Asia Pacific is solidifying its position as a global leader in the market.
The China market dominated the Asia Pacific Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.37 billion by 2031. The Japan market is experiencing a CAGR of 27.1% during 2024-2031. Additionally, the India market is expected to exhibit a CAGR of 28.8% during 2024-2031.
The market is further enhanced by a rise in investments directed towards research and development. Technology companies, startups, and governments are pouring resources into AIoT innovation, leading to breakthroughs in hardware, software, and analytics. These investments are driving down costs and making AIoT solutions more accessible to businesses of all sizes. Furthermore, partnerships between technology providers and industry stakeholders are facilitating the creation of bespoke AIoT applications designed to meet particular requirements.
The necessity for real-time data analytics serves as a principal catalyst for the adoption of Artificial Intelligence of Things (AIoT). This capability allows businesses to instantaneously collect, process, and act on data, enhancing operational efficiency and customer experiences. In retail, AIoT systems analyze data from smart devices like shelves and cameras to understand consumer behavior and preferences, enabling personalized marketing and efficient inventory management. For example, real-time insights allow retailers to dynamically adjust promotions or restock items automatically, improving sales and reducing waste.
South Korea's manufacturing sector is a significant contributor to AIoT adoption, with the industry's added value projected to grow from $437 billion in 2018 to $678 billion by 2030, according to industry experts. AIoT technologies are transforming South Korea’s manufacturing landscape through applications such as smart robotics, IoT-enabled production monitoring, and AI-driven supply chain optimization. As South Korea continues to concentrate on digital transformation and smart manufacturing, AIoT is expected to aid in driving efficiency, innovation, and global competitiveness across its industries. Therefore, with a strong focus on automation, efficiency, and sustainability, Asia Pacific is solidifying its position as a global leader in the market.
List of Key Companies Profiled
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Market Report Segmentation
By Deployment
- Cloud
- On-Premises
By Component
- Hardware
- Software
- Services
By End use
- B2B
- B2G
- B2C
By Application
- Video Surveillance
- Supply Chain Management
- Inventory Management
- Predictive Maintenance
- Other Application
By Vertical
- Manufacturing
- Automotive
- Healthcare
- Retail
- BFSI
- Logistics
- Agriculture & Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Artificial Intelligence of Things (AIoT) Market by Deployment
Chapter 6. Asia Pacific Artificial Intelligence of Things (AIoT) Market by Component
Chapter 7. Asia Pacific Artificial Intelligence of Things (AIoT) Market by End use
Chapter 8. Asia Pacific Artificial Intelligence of Things (AIoT) Market by Application
Chapter 9. Asia Pacific Artificial Intelligence of Things (AIoT) Market by Vertical
Chapter 10. Asia Pacific Artificial Intelligence of Things (AIoT) Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Methodology
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