AIoT Platforms Market Top Players - IBM (US), Sharp Global (Japan), Google(US), AWS (US), Microsoft (US).

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AIoT Platforms Market Size, Share & Trends Analysis Report By offerings (Device Management, Application Management, Connectivity Management, Deployment and Integration, Support and Maintenance, Training and Consulting) and application (BFSI, Manufacturing, Healthcare, Energy & Utilities, Retail, Transportation & Logistics)- Market Outlook And Industry Analysis 2031"

The Global AIoT Platforms Market is estimated to reach over USD 62.03 billion by 2031, exhibiting a CAGR of 36.75% during the forecast period.

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The integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is poised to accelerate the benefits of digital transformation across multiple market segments, including consumer, enterprise, industrial, and government sectors. According to Mind Commerce, the Artificial Intelligence of Things (AIoT) represents a transformative force for both AI and IoT, as AI enhances IoT by enabling machine learning and autonomous decision-making, while IoT enhances AI by facilitating real-time connectivity and data exchange. Although current AIoT solutions remain relatively limited, their adoption within business and industrial environments is expected to drive the development of more sophisticated and valuable cross-industry applications. These solutions will focus on optimizing system and network performance, as well as improving data analytics and decision-making capabilities.

As IoT networks become more prevalent across diverse industries, the volume of unstructured machine-generated data is expected to increase significantly. The rise of both human-generated and machine-generated data will create substantial opportunities for AI to enable advanced unstructured data analysis. Machine learning and other AI-driven tools will allow businesses to derive actionable insights from complex datasets, enhancing operational efficiency and strategic decision-making. While current AIoT solutions are relatively basic, the market is expected to evolve rapidly, driving deeper industry integration and the development of more advanced cross-industry solutions.

Moreover, the advancement of edge computing, which combines microcontrollers with a broad range of sensors, will facilitate enhanced local processing and real-time decision-making. This capability is expected to strengthen overall decision-making processes and operational efficiency. Additionally, the increasing adoption of data analysis, big data analytics, and analytical model management is anticipated to be a key driver of market growth, positioning AIoT as a critical component of future technological infrastructure.

List of Prominent Players in the AIoT Platforms Market:
• IBM (US)
• Sharp Global (Japan)
• Google(US)
• AWS (US)
• Microsoft (US)
• Oracle (US)
• HPE (US)
• Cisco (US)
• Intel (US)
• Tencent
• Cloud (China)
• NXP (Netherlands)
• SAS (US)
• Hitachi (Japan)
• SAP (Germany)
• AxiomTek(Taiwan)
• Autoplant Systems India Pvt. Ltd.(India)
• Williot (Israel)
• Cognosos (US)
• Relayr(US)
• Terminus Group (China)
• Semifive(South Korea)
• Uptake (Chicago)
• Falkonry(US)
• Sightmachine (US)

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Market Dynamics
Drivers:
The rapid expansion of the Artificial Intelligence of Things (AIoT) market is primarily driven by its increasing adoption across various industrial sectors, including oil and gas, chemicals, and other industries. This growth is attributed to the presence of high-value assets, substantial volumes of operational data, and complex processes that rely on numerous parameters, all of which benefit from AIoT's advanced capabilities. Additionally, the growing demand for IoT combined with AI to enhance corporate decision-making processes, along with the adoption of edge analytics solutions, is expected to further accelerate market growth.

Challenges:
The growth of the AIoT market may face challenges due to the shortage of a skilled workforce and insufficient awareness about emerging technologies. The increasing complexity and dynamic nature of IT architecture, coupled with the rising frequency of changes in IT operations, present significant obstacles to market expansion. Furthermore, the lack of adequately trained professionals and the fast-paced evolution of IT infrastructure may restrict the full-scale adoption of AIoT solutions.

Regional Trends:
North America is anticipated to hold a significant share of the AIoT platforms market, driven by the adoption of AIoT in the manufacturing and automotive industries and the presence of leading solution providers. Key manufacturing sectors in the region include food and beverage production, motor vehicles and parts manufacturing, fabricated metal products, and machinery, many of which have integrated AIoT technologies to improve operational efficiency.
Europe is also expected to capture a substantial market share due to the presence of prominent AIoT solution providers. Companies in the region are increasingly focusing on comprehensive projects that cover the entire AIoT value chain and address critical issues such as data security, operational consistency, and the development of regional IoT platforms. These initiatives aim to ensure greater control, security, and governance of sensitive business data, thereby driving demand for AIoT solutions across Europe.

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Recent Developments:
• Viettel Group and NVIDIA signed a strategic partnership agreement in June 2022 to advance technological research and solutions utilizing artificial intelligence (AI) for both Viettel and Vietnam.
• Microsoft unveiled pre-orders for its latest Surface products, namely the Surface Laptop 5 and Surface Pro 9, in November 2022. During the launch, the company also revealed its vision for the future of Windows PC, which involves leveraging innovative AI technology and the intersection of the PC and cloud to unlock novel experiences.

Segmentation of AIoT Platforms Market-
By Offerings-
• Solutions
o Device Management
o Application Managemnet
o Connectivity Management
• Services
o Professional Services
 Deployment and Integration
 Support and Maintenance
 Training and Consulting
o Managed Services
By Application-
• BFSI
• Manufacturing
• Healthcare
• Energy & Utilities
• Retail
• Transportation & Logistics
• Other Applications
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.