AIoT Platforms

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

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[196 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.

AIoT Platforms Market
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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.

Regional Insights

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.

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.

Deployment: Significance Based on Deployment Platforms

On-cloud deployment refers to utilizing cloud-based services for implementing Artificial Intelligence of Things (AIoT) platforms. Cloud-based AIoT solutions offer several benefits, such as minimal start-up costs, reduced infrastructure maintenance, and easy scalability. On-premises deployment involves housing the entire infrastructure required for an AIoT platform within an organization's physical facility. Companies may choose this route due to concerns over data security or compliance requirements.

Market Dynamics

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 Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the AIoT Platforms Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the AIoT Platforms Market.

Porter’s Five Forces Analysis

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.

Value Chain & Critical Path Analysis

The value chain of the AIoT Platforms Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the AIoT Platforms Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the AIoT Platforms Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the AIoT Platforms Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the AIoT Platforms Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the AIoT Platforms Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the AIoT Platforms Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

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).

Market Share Analysis

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.

Recent Developments
  • 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: 2023-09-21]

  • 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: 2023-08-14]

  • ‘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: 2023-03-22]

Strategy Analysis & Recommendation

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.

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.

AIoT Platforms Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

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

This research report offers invaluable insights into various crucial aspects of the AIoT Platforms Market:

  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.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  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?

Table of Contents
  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
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 470]
  16. List of Companies Mentioned [Total: 21]
The Future of AIoT Platforms: Trends and Innovations
July 3, 2023
The Future of AIoT Platforms: Trends and Innovations
Recent advancements in AI and IoT technology have led to the emergence of AIoT platforms, which have the potential to revolutionize the way businesses and industries operate. AIoT platforms are integrated systems that combine Artificial Intelligence (AI) and the Internet of Things (IoT) to improve the performance and efficiency of various processes. Here, we will discuss the scope of AIoT platforms, the trends and innovations that are driving their growth, and their potential impact on various industries.

Scope of AIoT Platforms:

AIoT platforms provide seamless integration between physical devices, sensors, and software platforms through an intelligent cloud-based system. This enables businesses to collect, analyze and act on real-time data to make data-driven decisions, automate processes, and optimize operations. They offer diverse applications, from predictive maintenance and asset tracking to intelligent customer service and personalized marketing.

Trends Driving AIoT Platform Growth:

The AIoT platform market is projected to grow significantly over the next few years, driven by several emerging trends. One of the main drivers is the rising utilization of the Internet of Things (IoT) across several industries. The growth in IoT devices, coupled with the availability of AI technologies, has created a convergence of these two domains, resulting in the emergence of the AIoT platform. Another trend driving the growth of AIoT platforms is the increasing demand for real-time data analytics and insights. Companies are looking for ways to leverage data to gain competitive advantages and improve efficiency, which has led to the development of AIoT solutions that can analyze large volumes of data in real-time.

Innovations in AIoT Platforms:

There are several innovations in AIoT platforms that are changing the game for businesses and industries. One of the most significant developments is the integration of edge computing with AIoT platforms. Edge computing enables data processing to be done at the network edge, which is closer to the source, reducing latency and improving data processing speed. This is particularly beneficial for industries where real-time responses are critical, such as manufacturing and logistics. Another innovation in AIoT platforms is the development of AI-powered chatbots and virtual assistants for customer service. These chatbots can analyze data and customer interactions to provide personalized support, improving customer satisfaction and reducing the workload of customer service teams.

Impact of AIoT Platforms on Industries:

The impact of AIoT platforms on industries is immense. They have the potential to transform traditional industries such as manufacturing, healthcare, and energy by enabling companies to optimize operations, reduce costs, and improve performance. In manufacturing, AIoT platforms can predict equipment failures, enable predictive maintenance, and assist in quality control. In healthcare, AIoT solutions can improve patient outcomes by providing personalized care, remote monitoring, and real-time health analytics. In the energy sector, AIoT platforms can optimize energy usage, predict demand, and reduce energy wastage, resulting in significant cost savings.

AIoT platforms are the next big thing in technology, with the potential to change the way businesses and industries operate. The integration of AI and IoT technologies provides businesses with real-time data analytics and insights, assisting them to make data-driven decisions and optimize their operations. The emerging trends and innovations in AIoT platforms are driving their growth, with significant potential to impact various industries, including manufacturing, healthcare, and energy. As businesses continue to adopt these platforms, we can expect to see significant improvements in performance, efficiency, and customer satisfaction. The future of AIoT platforms is exciting and full of possibilities, and we can't wait to see what innovations and opportunities lie ahead.

Frequently Asked Questions
  1. How big is the AIoT Platforms Market?
    Ans. The Global AIoT Platforms Market size was estimated at USD 7.38 billion in 2023 and expected to reach USD 9.93 billion in 2024.
  2. What is the AIoT Platforms Market growth?
    Ans. The Global AIoT Platforms Market to grow USD 64.78 billion by 2030, at a CAGR of 36.37%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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