Market Overview:

The AIoT Platforms Market is projected to reach US$24.1 billion by 2030, growing at a CAGR of 37.7% from 2024 to 2030. AIoT platforms integrate Artificial Intelligence (AI) with Internet of Things (IoT) infrastructure, enabling data collection, processing, analysis, and interpretation to optimize operations, automate processes, and enhance decision-making across industries such as manufacturing, healthcare, smart cities, agriculture, and transportation. The market is increasingly adopting edge computing, reducing latency, bandwidth needs, and enhancing privacy while enabling real-time decision-making. A shift toward industry-specific solutions is accelerating adoption by offering pre-built modules, tailored algorithms, and domain expertise, delivering faster deployment and measurable value across targeted applications.

Regional Insights:

The AIoT Platforms Market is poised for significant growth globally, with North America leading due to advanced infrastructure, widespread AI adoption, and strong technology companies, particularly in the U.S.. Europe follows, driven by industrial automation and smart city projects in Germany, France, and the UK.
Asia-Pacific (APAC) is expected to grow at the fastest CAGR, led by China, Japan, South Korea, and India, due to digital transformation, 5G advancements, and AI-driven solutions. Latin America and MEA are emerging markets, with growth in Brazil, Saudi Arabia, and UAE, fueled by urbanization and industrial automation.
Key drivers include edge computing, AI-powered analytics, and rising demand for smart devices, enabling real-time, data-driven decision-making across industries.

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Scope of the Report:

 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

37.7%

Market Size in 2030

$24.1 Billion

Segments Covered

By Offering, By Deployment, By Industry Verticals and By Region



 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



 

Key Market Players
  1. IBM 
  2. Google LLC 
  3. Microsoft Corporation 
  4. Oracle Corporatio
  5. Intel Corporation 
  6. SAP SE
  7. Cisco Systems Inc.
  8. NXP Semiconductors Inc.
  9. Axiom Technologies Group 

10.   AWS Inc.

 

Recent Developments:

•    In April 2023, Oracle Unveils New AI and Automation Features to Assist Clients with Supply Chain Management Optimization. The Oracle Fusion Cloud Applications Suite now offers additional features that speed up supply chain planning, boost operational effectiveness, and enhance financial accuracy for users.
•    In June 2022,  the new AIoT Device Management Platform, FleetTrackr, from SmartCow, an AI engineering company focusing in video analytics, AIoT devices, and smart city solutions, offers centralized management and streamlined deployment of edge AI systems via a hybrid cloud service.
•    In May 2022, MediaTek unveiled the first chip in the Genio family, the Genio 1200, intended for high-end AIoT products, as well as its new Genio platform for AIoT devices.

AIoT Platforms Market: Competitive Landscape

The AIoT Platforms market is competitive, with key players focusing on product innovation, strategic partnerships, and geographical expansion. Major companies include: IBM, Google LLC, Microsoft Corporation, Oracle Corporation, AWS Inc., Intel Corporation, SAP SE, Cisco Systems Inc., NXP Semiconductors Inc., and Axiom Technologies Group. Others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

 

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