Revolutionizing Industries through GenAIoT: A Comprehensive Analysis of Future Growth Opportunities Unveiled

DUBLIN, March 20, 2024 /PRNewswire/ — The “Generative Artificial Intelligence (GenAI) Applied for Internet of Things (IoT): Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.

GenAI refers to algorithms and machine learning models used to create content, including text, audio, images, video, and code.

To be a component of the IoT, the report considers any product, application, or service must be part of a larger solution that comprises these 4 elements:

Objects virtualized and imbued with data measurement capabilitiesThe ability to grant identities to physical and virtual objectsInterconnections between these objects for monitoring and interactionThe ability to generate real-time insights from data and incorporate them into existing business processes

With increasing connected devices comes exponential growth in data volume, which requires novel means of analysis to achieve goals. GenAI technologies are becoming indispensable in unlocking the complete potential of IoT. Augmenting IoT with rapidly advancing GenAI technologies is crucial to delivering GenAIoT-enabled industry solutions.

GenAI and the IoT are revolutionizing the way we interact with the world around us. GenAI can train and run models directly on edge devices, the endpoints of the IoT network. This edge AI approach not only enhances computational efficiency and data security but also unlocks new possibilities for intelligent devices and sensors that continuously generate diverse data streams.

The report covers the following:

Growth drivers and restraintsGenAI market revenue and statisticsTop GenAI-IoT applicationsThe telecommunications industry’s role in the ecosystemProfiles of top tech companies in the spaceGrowth opportunities for market participants

Key Growth Opportunities

Growth Opportunity 1: GenAI for Enhanced IoT SecurityGrowth Opportunity 2: Enhanced Device Intelligence through GenAIGrowth Opportunity 3: AI-powered Smart Home and Building SolutionsGrowth Opportunity 4: IoT-connected Vehicles Powered by GenAIGrowth Opportunity 5: IoT-connected Healthcare Powered by GenAIGrowth Opportunity 6: Multimodal Foundational Models for IoTGrowth Opportunity 7: GenAI for Advanced Telecom Networks

Key Topics Covered:

Technology Overview and Definitions

Overview of GenAIIoTOverview of IoT PlatformsIoT Platforms and Software – Market Definitions – Global, 2023

Market Overview

Scope of AnalysisSegmentationRevenue ForecastRevenue Share by SegmentGenAI in Business – Deployment and PlansImplementation Challenges of GenAI Initiatives in Business

GenAI-IoT Convergence (GenAIoT)

GenAI-IoT ConvergenceGenAI in IoT PlatformsGenAI-IoT Application – IoT InterfacesGenAI-IoT Application – Code Generation for IoTGenAI-IoT Application – Robot ControlThe Future of the GenAI-IoT ConvergenceUnique Position Enables TSPs to Monetize AIoT OpportunitiesAI-IoT Convergence – TSPs’ Evolving Role

Growth Opportunity Analysis

Growth DriversGrowth Restraints

Profiles of Notable Participants

SoracomIBMAWSMicrosoft AzureGoogleNVIDIA

For more information about this report visit https://www.researchandmarkets.com/r/1pq4y1

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