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AIoT Platforms Market worth $64.78 billion by 2030, growing at a CAGR of 36.37% - Exclusive Report by 360iResearch
AIoT Platforms Market | 360iResearch
The Global AIoT Platforms Market to grow from USD 7.38 billion in 2023 to USD 64.78 billion by 2030, at a CAGR of 36.37%.
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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.
Market Segmentation & Coverage:
This research report categorizes the AIoT Platforms Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Services and Solutions. The Services is further studied across Deployment & Integration, Support & Maintenance, and Training & Consulting. The Solutions is further studied across Application Management, Connectivity Management, and Device Management. The Services is projected to witness significant market share during forecast period.
Based on Deployment, market is studied across On-Cloud and On-Premises. The On-Cloud is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Automotive, BFSI, Energy & Utilities, Healthcare, Manufacturing, Retail, and Transportation & Logistics. The Retail is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 45.60% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the AIoT Platforms Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the AIoT Platforms Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AIoT Platforms Market, by Offering
7. AIoT Platforms Market, by Deployment
8. AIoT Platforms Market, by End-User
9. Americas AIoT Platforms Market
10. Asia-Pacific AIoT Platforms Market
11. Europe, Middle East & Africa AIoT Platforms Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the AIoT Platforms Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AIoT Platforms Market?
3. What is the competitive strategic window for opportunities in the AIoT Platforms Market?
4. What are the technology trends and regulatory frameworks in the AIoT Platforms Market?
5. What is the market share of the leading vendors in the AIoT Platforms Market?
6. What modes and strategic moves are considered suitable for entering the AIoT Platforms Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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