The Asia Pacific AI In IoT Market would witness market growth of 25.5% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific AI in IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,195.6 million by 2031. The Japan market is registering a CAGR of 24.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 26.2% during (2024 - 2031).
AI in IoT enables remote monitoring of patients with chronic conditions through wearable devices that track vital signs, activity levels, and medication adherence. This data helps healthcare providers make informed decisions about patient care.
Moreover, AI in IoT enables home appliances like refrigerators and washing machines to operate autonomously based on user preferences and usage patterns. For example, a smart fridge can suggest recipes based on available ingredients and adjust its temperature to optimize food preservation.
The rapid expansion of 5G networks in China provides the high-speed, low-latency connectivity required for advanced AI in IoT applications. This enables real-time data transmission and enhances the performance of IoT devices, supporting applications in smart cities, industrial automation, and healthcare. According to the State Council of the People’s Republic of China, the telecommunications industry in China logged steady expansion in 2022. Emerging businesses and new infrastructure rapidly grew the income of firms in the sector, topping 1.58 trillion yuan (233.38 billion U.S. dollars), up 8 percent year on year.
Free Valuable Insights: The Global AI In IoT Market is Predict to reach USD 66.1 Billion by 2031, at a CAGR of 24.5%
Based on Technology, the market is segmented into Machine Learning & Deep Learning, and Natural Language Processing (NLP). Based on Component, the market is segmented into Platform, Software, and Services. Based on Vertical, the market is segmented into Manufacturing, Healthcare, BFSI, IT & Telecom, Retail & E-commerce, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Technology
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