AIoT Platforms Market by Offering (Services, Solutions), Deployment (On-Cloud, On-Premises), End-User - Global Forecast 2024-2030

[195 Pages Report] 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.

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.

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
• Market Restraints
  • High cost of AIoT platforms
• Market Opportunities
  • Recent advancements in AIoT technology
  • Significant investments in smart and energy efficient buildings
• Market Challenges
  • Complexity associated with interrelation of connected devices with other systems

• Offering: Significance of Types of Solutions & Services

  AIoT platforms offer robust device management solutions that ensure end-to-end device lifecycle management, such as secure onboarding, configuration, monitoring, diagnostics, and decommissioning capabilities. AIoT platforms allow businesses to manage their IoT assets efficiently while ensuring reliable and secure connectivity. Application management tools support versioning control and deployment automation for smooth rollouts across numerous devices in diverse environments. Deployment and integration services offered by AIoT providers facilitate smooth transitions by identifying potential bottlenecks and customizing the platform's implementation. Support & maintenance services encompass regular updates, security patches, bug fixes, performance optimizations, and 24/7 technical assistance to address challenges arising during the usage of these platforms. Consulting services offer tailored guidance on strategic planning and use-case identification, ensuring optimal alignment with business objectives.

• End-User: Application Across Various Industries

  In the Banking and Insurance sector, AIoT platforms help enhance fraud detection, risk management, customer service, and asset optimization. The automotive industry leverages AIoT platforms for improved vehicle diagnostics, predictive maintenance, fleet management, and autonomous driving capabilities. Healthcare providers use AIoT platforms to enable remote patient monitoring, telemedicine services, predictive diagnostics, and streamlined logistics for medical equipment/supplies tracking. The energy & utilities, and manufacturing sector uses AIoT platforms to monitor equipment performance and predict maintenance requirements. In the transportation and logistics sector, AIoT applications include real-time tracking of vehicles & shipments and route optimization based on traffic conditions.

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the AIoT Platforms Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

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.

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).

• 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. [Published On: September 21, 2023]

• 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. [Published On: August 14, 2023]

• ‘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. [Published On: March 22, 2023]

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.

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.

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

1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

1. What is the current market size and projected growth?
2. Which products, segments, applications, and regions offer promising investment opportunities?
3. What are the prevailing technology trends and regulatory frameworks?
4. What is the market share and positioning of the leading vendors?
5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?