Artificial Intelligence Of Things (AIoT) Platforms Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis

The Artificial Intelligence Of Things (AIoT) Platforms Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Artificial Intelligence Of Things (AIoT) Platforms Market Size and Its Estimated Growth Rate?
The market size for artificial intelligence of things (AIoT) platforms has seen remarkable growth recently. It is forecasted to increase from $6.2 billion in 2024 to $8.7 billion in 2025, with a compound annual growth rate (CAGR) of 40.3%. The noteworthy growth in the preceding period was due to factors such as expanding governmental expenditure and initiatives on AIoT platform advancements, mounting usage of AIoT platforms for the surveillance and assessment of data from connected devices, the evolution of platforms for diverse industry verticals by sundry organizations, AIoT application in supply chain administration, quality control, and energy optimization, along with the escalating demand for smart devices.

In the coming years, the market size for platforms pertaining to the Artificial Intelligence of Things (AIoT) is projected to significantly expand. The anticipated compound annual growth rate (CAGR) is 35.7%, positioning the market to be worth approximately $29.5 billion by 2029. Various factors can be credited for the projected surge within the forecast period, including amplified governmental expenditure and initiatives centered around AIoT platform developments. Additionally, advancements in edge computing, the rise of 5G connectivity, focus on enhancing the customer experience, and escalating security concerns can be attributed to this growth. Significant trends within the forecast period consist of integrating AI-enabled solutions into IoT projects, forging strategic partnerships and collaborations, developing new products, broadening the reach across diverse industries, and making headway in technological aspects.

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How Are Emerging Segments Shaping the Artificial Intelligence Of Things (AIoT) Platforms Market Landscape?
The artificial intelligence of things (AIoT) platforms market covered in this report is segmented -

1) By Component: Software Or Platform, Services, Professional, Managed
2) By Deployment: On-premises, Cloud
3) By Industry Vertical: Manufacturing, Banking, Financial Services, And Insurance (BFSI), Healthcare, Retail, Energy And Utilities, Transportation And Logistics, Other Industry Verticals

Subsegments:
1) By Software Or Platform: AI Algorithms, IoT Platforms, Data Analytics Software, Edge Computing Software
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services
3) By Professional: System Design And Development, Implementation Services, Training And Education Services
4) By Managed: Managed Security Services, Managed Data Services, Managed Network Services

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Which Growth Factors Are Influencing Artificial Intelligence Of Things (AIoT) Platforms Market Expansion?
The anticipated surge in the usage of smart devices is predicted to fuel the expansion of the AIoT platforms market in the future. These smart devices are essentially electronic gadgets that can connect to various devices or networks via diverse wireless protocols such as Bluetooth, Zigbee, Wi-Fi, or 5G, and exhibit a certain degree of interactivity and autonomy. AIoT platforms boost the potential of these smart devices by utilizing artificial intelligence (AI) to examine and respond to the data these devices generate. For example, the Smart Meter Statistics in Great Britain: Quarterly Report to end December 2023 from the official GOV.UK website confirmed that, by the culmination of 2023, 61% of operational meters were identified as smart and advanced meters (inclusive of smart meters operating in conventional mode), indicating a 6-percentage point rise when contrasted with the end of 2022. Consequently, the increasing demand for smart devices is propelling the growth of the AIoT platform market.

Who Are the Dominant Players Across Different Artificial Intelligence Of Things (AIoT) Platforms Market Segments?
Major companies operating in the artificial intelligence of things (AIoT) platforms market report are Alphabet Inc., Microsoft Corporation, Huawei Technologies Co. Ltd., Tencent Cloud, Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Xiaomi Technology Co. Ltd., Robert Bosch GmbH, SAP SE, Fujitsu Ltd., ABB Ltd., Hewlett Packard Enterprise Company, Sharp Corporation, NXP Semiconductors N.V., SAS Institute Inc., PTC Inc., Axiomtek Co. Ltd., Litmus Automation Inc., Autoplant Systems India Private Limited

What Are the Latest Developing Trends in the Artificial Intelligence Of Things (AIoT) Platforms Market?
Leading firms in the AIoT Platforms market are focusing on the creation of groundbreaking technologies like the AIoT Platform Stack to maintain their market dominance. The AIoT platform stack refers to a suite of hardware, software, and tools specifically designed to facilitate the development and deployment of AI-based applications for the Internet of Things (IoT). For instance, MediaTek Inc., a semiconductor manufacturing company based in Taiwan, unveiled its Genio Platform for AIoT devices in May 2022. The aim of this comprehensive platform stack is to simplify the process for manufacturers intending to introduce cutting-edge smart devices to the market, ranging from high-end to basic level. The Genio suite incorporates powerful, efficient chipsets, an open platform AIoT SDK for software development, and a developer portal packed with beneficial tools and resources.

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Which Geographic Regions Are Expected to Dominate the Artificial Intelligence Of Things (AIoT) Platforms Market in the Coming Years?
North America was the largest region in the AIoT platforms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence of things (aiot) platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence Of Things (AIoT) Platforms Market?
2. What is the CAGR expected in the Artificial Intelligence Of Things (AIoT) Platforms Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence Of Things (AIoT) Platforms Industry?
4. Which Region Is Leading the Artificial Intelligence Of Things (AIoT) Platforms Market?

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