
AIoT Platforms Market by Offering (Services, Solutions), Deployment (On-Cloud, On-Premises), End-User - Global Forecast 2024-2030
Description
AIoT Platforms Market by Offering (Services, Solutions), Deployment (On-Cloud, On-Premises), End-User - Global Forecast 2024-2030
The AIoT Platforms Market size was estimated at USD 7.38 billion in 2023 and expected to reach USD 9.93 billion in 2024, at a CAGR 36.37% to reach USD 64.78 billion by 2030.
The AIoT (Artificial Intelligence of Things) platforms market encompasses the integration of artificial intelligence (AI) technologies with Internet of Things (IoT) systems to enable smart decision-making processes, enhance efficiency, improve performance, and optimize resource utilization. The rising demand for autonomous and smart vehicles is improving the utilization of AIoT platforms. The industrial sector also increasingly utilizes AIoT platforms to improve operational efficiency. Applications of AIoT in robotics and smart manufacturing are also contributing to the market growth. However, the high cost of development & maintenance may limit the adoption of AIoT platforms. Additionally, the complexity associated with the interrelation of connected devices with other systems is also challenging for utilizing AIoT platforms. Furthermore, the recent advancements in AIoT technology and significant investments in smart and energy-efficient buildings integrated with AIoT technology may create lucrative opportunities for market growth.
Regional Insights
The AIoT platforms market is experiencing rapid growth in the Americas region, driven by the need for improved efficiency and increased connectivity in the Industrial sector. The United States has a highly developed infrastructure for AIoT platforms due to improved digitalization and skilled workforce in the region. In the European region, numerous research institutes collaborate with private organizations focused on active technology integration into everyday life applications across various industries. With increasing urbanization across the Middle East, governments prioritize smart city initiatives utilizing AIoT solutions. In the APAC region, the increasing population and improved focus on technological innovations based on artificial intelligence are enhancing the utilization of AIoT platforms across the region.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the AIoT Platforms Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Increasing demand for autonomous and smart vehicles
- Growing use in industrial sector to enhance operational efficiency
- Applications of AIoT in robotics and smart manufacturing
- High cost of AIoT platforms
- Recent advancements in AIoT technology
- Significant investments in smart and energy efficient buildings
- Complexity associated with interrelation of connected devices with other systems
- Offering: Significance of Types of Solutions & Services
- End-User: Application Across Various Industries
- Deployment: Significance Based on Deployment Platforms
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the AIoT Platforms Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the AIoT Platforms Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Renesas Extends Its AIoT Leadership with Integration of Reality AI Tools and e2 studio IDE
Renesas Electronics Corporation has announced the integration of their Reality AI Tools with their e2 studio integrated development environment. With this integration, users are planned to be able to easily transfer data, projects, and AI code modules between e2 studio and Reality AI Tools.
Advantech and Hailo Partner to Expand Energy-Efficient Edge AI Portfolio
Advantech, a significant provider of AIoT platforms and services, has formed a strategic partnership with Hailo, an innovative AI-focused chipmaker. By leveraging Hailo's AI accelerators, Advantech is planned to develop high-performance and cost-effective edge AI systems and AI acceleration modules suitable for compact and robust edge AI applications.
‘AIoT’ Startup Butlr Raises Funding From Qualcomm, Launches New Wireless Sensor
Butlr Technologies Inc. has secured additional funding from Qualcomm Ventures LLC to launch their next-generation Heatic wireless sensors. By harnessing the data collected through Butlr's platform, customers are now able to gain valuable spatial insights to enhance operational efficiencies, all while maintaining privacy.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the AIoT Platforms Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the AIoT Platforms Market, highlighting leading vendors and their innovative profiles. These include Allion Labs, Inc., Amazon Web Services, Inc., Axiomtek Co., Ltd., Cisco Systems, Inc., Cognosos, Falkonry Inc., Google LLC by Alphabet Inc., Hewlett Packard Enterprise Development LP, Hitachi, Ltd., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NXP Semiconductors N.V., Oracle Corporation, Relayr GmbH, SAP SE, SAS Institute Inc., SEMIFIVE US, Inc., Sharp Corporation, Sight Machine, and Terminus Group AIoT.
Market Segmentation & Coverage
This research report categorizes the AIoT Platforms Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Offering
- Services
- Deployment & Integration
- Support & Maintenance
- Training & Consulting
- Solutions
- Application Management
- Connectivity Management
- Device Management
- Deployment
- On-Cloud
- On-Premises
- End-User
- Automotive
- BFSI
- Energy & Utilities
- Healthcare
- Manufacturing
- Retail
- Transportation & Logistics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
Table of Contents
187 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing demand for autonomous and smart vehicles
- 5.1.1.2. Growing use in industrial sector to enhance operational efficiency
- 5.1.1.3. Applications of AIoT in robotics and smart manufacturing
- 5.1.2. Restraints
- 5.1.2.1. High cost of AIoT platforms
- 5.1.3. Opportunities
- 5.1.3.1. Recent advancements in AIoT technology
- 5.1.3.2. Significant investments in smart and energy efficient buildings
- 5.1.4. Challenges
- 5.1.4.1. Complexity associated with interrelation of connected devices with other systems
- 5.2. Market Segmentation Analysis
- 5.2.1. Offering: Significance of Types of Solutions & Services
- 5.2.2. End-User: Application Across Various Industries
- 5.2.3. Deployment: Significance Based on Deployment Platforms
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. AIoT Platforms Market, by Offering
- 6.1. Introduction
- 6.2. Services
- 6.3. Solutions
- 7. AIoT Platforms Market, by Deployment
- 7.1. Introduction
- 7.2. On-Cloud
- 7.3. On-Premises
- 8. AIoT Platforms Market, by End-User
- 8.1. Introduction
- 8.2. Automotive
- 8.3. BFSI
- 8.4. Energy & Utilities
- 8.5. Healthcare
- 8.6. Manufacturing
- 8.7. Retail
- 8.8. Transportation & Logistics
- 9. Americas AIoT Platforms Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific AIoT Platforms Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa AIoT Platforms Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Renesas Extends Its AIoT Leadership with Integration of Reality AI Tools and e2 studio IDE
- 12.3.2. Advantech and Hailo Partner to Expand Energy-Efficient Edge AI Portfolio
- 12.3.3. ‘AIoT’ Startup Butlr Raises Funding From Qualcomm, Launches New Wireless Sensor
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.