The artificial intelligence of things (aiot) platforms global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence Of Things (AIoT) Platforms Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The artificial intelligence of things (aiot) platforms market size has grown exponentially in recent years. It will grow from $4.41 billion in 2023 to $6.2 billion in 2024 at a compound annual growth rate (CAGR) of 40.5%. The growth in the historic period can be attributed to increasing government spending and initiatives to establish aiot platform developments, increasing use of aiot platforms for connected device data monitoring and analysis, development of platforms for different industry verticals by various organizations, application of aiot in supply chain management, quality assurance, and energy optimization, rising demand for smart devices.
The artificial intelligence of things (aiot) platforms market size is expected to see exponential growth in the next few years. It will grow to $21.9 billion in 2028 at a compound annual growth rate (CAGR) of 37.1%. The growth in the forecast period can be attributed to increasing government spending and initiatives on aiot platform developments, advancements in edge computing, rise in 5g connectivity, customer experience enhancement, rising security concerns. Major trends in the forecast period include integration of ai-based solutions in iot projects, strategic partnerships and collaborations, new product developments, expansion across various industries, advancements in technological aspects.
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Scope Of Artificial Intelligence Of Things (AIoT) Platforms Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence Of Things (AIoT) Platforms Market Overview
Market Drivers –
The rise in demand for smart devices is expected to propel the growth of the AIoT platforms market going forward. Smart devices are electronic devices that are generally connected to other devices or networks via different wireless protocols, such as Bluetooth, Zigbee, Wi-Fi, or 5G, and that can operate to some extent interactively and autonomously. AIoT platforms are used to enhance the capabilities of smart devices by leveraging artificial intelligence (AI) to analyze and act on the data generated by these devices. For instance, Apple Inc., a US-based technology company, set a new revenue record of $8.8 billion for the smart wearables category, up 12% from $7.9 billion in the year-ago quarter (Q4 2020). Therefore, the rise in demand for smart devices is driving the growth of the AIoT platform market.
Market Trends —
Major companies operating in the AIoT Platforms market are developing innovative technologies, such as the AIoT Platform Stack, to sustain their position in the market. An AIoT platform stack is a collection of hardware, software, and tools that enable developers to build and deploy AI applications for the Internet of Things (IoT). For instance, in May 2022, MediaTek Inc., a Taiwan-based manufacturer of semiconductors, launched the Genio Platform for AIoT devices. It’s a complete platform stack designed to make it easier for manufacturers to bring innovative smart devices to market, from premium to entry-level. Genio includes powerful and efficient chipsets, an open platform AIoT SDK for software development, and a developer portal with resources and tools.
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
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Regional Insights —
North America was the largest region in the AIoT platforms market in 2023. 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.
Key Companies —
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
Table of Contents
1. Executive Summary
2. Artificial Intelligence Of Things (AIoT) Platforms Market Report Structure
3. Artificial Intelligence Of Things (AIoT) Platforms Market Trends And Strategies
4. Artificial Intelligence Of Things (AIoT) Platforms Market — Macro Economic Scenario
5. Artificial Intelligence Of Things (AIoT) Platforms Market Size And Growth
…..
27. Artificial Intelligence Of Things (AIoT) Platforms Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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