This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The artificial intelligence of things (AIoT) platforms market size has grown exponentially in recent years. It will grow from $6.2 billion in 2024 to $8.7 billion in 2025 at a compound annual growth rate (CAGR) of 40.3%. 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 $29.5 billion in 2029 at a compound annual growth rate (CAGR) of 35.7%. 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.
The growing demand for smart devices is expected to drive the expansion of the AIoT platforms market in the future. Smart devices are electronic devices typically connected to other devices or networks via various wireless protocols, such as Bluetooth, Zigbee, Wi-Fi, or 5G, and can operate with a degree of interactivity and autonomy. AIoT platforms enhance the functionality of smart devices by utilizing artificial intelligence (AI) to analyze and act upon the data generated by these devices. For example, in March 2024, as reported in the Smart Meter Statistics in Great Britain: Quarterly Report to end December 2023 from GOV.UK, the official UK website, 61 percent of operating meters were classified as smart and advanced meters by the end of 2023 (including smart meters operating in traditional mode), reflecting a 6-percentage point increase from the end of 2022. Therefore, the rising demand for smart devices is propelling the growth of the AIoT platform market.
Key players in the AIoT platforms market are actively engaged in developing innovative technologies to fortify their market positions, with a specific focus on AIoT Platform Stack. The AIoT Platform Stack represents a comprehensive collection of hardware, software, and tools facilitating the development and deployment of AI applications for the Internet of Things (IoT). In a significant move, MediaTek Inc., a Taiwan-based semiconductor manufacturer, introduced the Genio Platform for AIoT devices in May 2022. This platform stack is designed to streamline the process for manufacturers in bringing innovative smart devices to market, ranging from premium to entry-level. Genio incorporates robust and efficient chipsets, an open platform AIoT SDK for software development, and a developer portal offering essential resources and tools.
In September 2022, Eurotech, an Italy-based IT company, completed the acquisition of InoNet Computer GmbH for $10.27 million. This strategic acquisition extends Eurotech's presence in Germany and accelerates its growth strategy in the edge computing market within AIoT. InoNet Computer GmbH, a Germany-based provider of industrial PCs (IPCs) and embedded systems, focuses on AIoT (Artificial Intelligence of Things) platforms. The acquisition aligns with Eurotech's commitment to advancing its capabilities and market position in AIoT, particularly in the realm of edge computing.
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.
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. The countries covered in the AIoT platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The AIoT platforms market consists of revenues earned by entities by providing services such as data collection and management, AI model development and deployment, device management and orchestration, edge computing and processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The AIoT platforms market also includes sales of edge devices, cloud or central processing unit, IoT devices and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
Artificial Intelligence of Things (AIoT) platforms are technology frameworks or systems that integrate artificial intelligence (AI) capabilities with Internet of Things (IoT) devices and data. These platforms enhance the capabilities of traditional IoT systems by incorporating intelligent processing and decision-making capabilities. This integration enables more efficient and effective operations across various industries and applications.
The primary components of Artificial Intelligence of Things (AIoT) platforms include software or platforms, services, both professional and managed. In the context of AIoT platforms, software or platform refers to a digital framework or system that seamlessly integrates AI capabilities with IoT devices. This integration enables intelligent data analysis, decision-making, and automation for interconnected devices and applications. These platforms are deployed based on on-premises and cloud models and find applications across various industry verticals such as manufacturing, banking, financial services, and insurance (BFSI), healthcare, retail, energy and utilities, transportation and logistics, and others.
The artificial Intelligence of Things (AIoT) platforms market research report is one of a series of new reports that provides artificial Intelligence of Things (AIoT) platforms market statistics, including artificial Intelligence of Things (AIoT) platforms industry global market size, regional shares, competitors with an artificial Intelligence of Things (AIoT) platforms market share, detailed artificial Intelligence of Things (AIoT) platforms market segments, market trends and opportunities, and any further data you may need to thrive in the artificial Intelligence of Things (AIoT) platforms industry. This artificial Intelligence of Things (AIoT) platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The artificial intelligence of things (AIoT) platforms market size has grown exponentially in recent years. It will grow from $6.2 billion in 2024 to $8.7 billion in 2025 at a compound annual growth rate (CAGR) of 40.3%. 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 $29.5 billion in 2029 at a compound annual growth rate (CAGR) of 35.7%. 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.
The growing demand for smart devices is expected to drive the expansion of the AIoT platforms market in the future. Smart devices are electronic devices typically connected to other devices or networks via various wireless protocols, such as Bluetooth, Zigbee, Wi-Fi, or 5G, and can operate with a degree of interactivity and autonomy. AIoT platforms enhance the functionality of smart devices by utilizing artificial intelligence (AI) to analyze and act upon the data generated by these devices. For example, in March 2024, as reported in the Smart Meter Statistics in Great Britain: Quarterly Report to end December 2023 from GOV.UK, the official UK website, 61 percent of operating meters were classified as smart and advanced meters by the end of 2023 (including smart meters operating in traditional mode), reflecting a 6-percentage point increase from the end of 2022. Therefore, the rising demand for smart devices is propelling the growth of the AIoT platform market.
Key players in the AIoT platforms market are actively engaged in developing innovative technologies to fortify their market positions, with a specific focus on AIoT Platform Stack. The AIoT Platform Stack represents a comprehensive collection of hardware, software, and tools facilitating the development and deployment of AI applications for the Internet of Things (IoT). In a significant move, MediaTek Inc., a Taiwan-based semiconductor manufacturer, introduced the Genio Platform for AIoT devices in May 2022. This platform stack is designed to streamline the process for manufacturers in bringing innovative smart devices to market, ranging from premium to entry-level. Genio incorporates robust and efficient chipsets, an open platform AIoT SDK for software development, and a developer portal offering essential resources and tools.
In September 2022, Eurotech, an Italy-based IT company, completed the acquisition of InoNet Computer GmbH for $10.27 million. This strategic acquisition extends Eurotech's presence in Germany and accelerates its growth strategy in the edge computing market within AIoT. InoNet Computer GmbH, a Germany-based provider of industrial PCs (IPCs) and embedded systems, focuses on AIoT (Artificial Intelligence of Things) platforms. The acquisition aligns with Eurotech's commitment to advancing its capabilities and market position in AIoT, particularly in the realm of edge computing.
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.
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. The countries covered in the AIoT platforms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The AIoT platforms market consists of revenues earned by entities by providing services such as data collection and management, AI model development and deployment, device management and orchestration, edge computing and processing. The market value includes the value of related goods sold by the service provider or included within the service offering. The AIoT platforms market also includes sales of edge devices, cloud or central processing unit, IoT devices and sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
Artificial Intelligence of Things (AIoT) platforms are technology frameworks or systems that integrate artificial intelligence (AI) capabilities with Internet of Things (IoT) devices and data. These platforms enhance the capabilities of traditional IoT systems by incorporating intelligent processing and decision-making capabilities. This integration enables more efficient and effective operations across various industries and applications.
The primary components of Artificial Intelligence of Things (AIoT) platforms include software or platforms, services, both professional and managed. In the context of AIoT platforms, software or platform refers to a digital framework or system that seamlessly integrates AI capabilities with IoT devices. This integration enables intelligent data analysis, decision-making, and automation for interconnected devices and applications. These platforms are deployed based on on-premises and cloud models and find applications across various industry verticals such as manufacturing, banking, financial services, and insurance (BFSI), healthcare, retail, energy and utilities, transportation and logistics, and others.
The artificial Intelligence of Things (AIoT) platforms market research report is one of a series of new reports that provides artificial Intelligence of Things (AIoT) platforms market statistics, including artificial Intelligence of Things (AIoT) platforms industry global market size, regional shares, competitors with an artificial Intelligence of Things (AIoT) platforms market share, detailed artificial Intelligence of Things (AIoT) platforms market segments, market trends and opportunities, and any further data you may need to thrive in the artificial Intelligence of Things (AIoT) platforms industry. This artificial Intelligence of Things (AIoT) platforms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Artificial Intelligence of Things (AIoT) Platforms Market Characteristics3. Artificial Intelligence of Things (AIoT) Platforms Market Trends and Strategies4. Artificial Intelligence of Things (AIoT) Platforms Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, Covid and Recovery on the Market32. Global Artificial Intelligence of Things (AIoT) Platforms Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Artificial Intelligence of Things (AIoT) Platforms Market34. Recent Developments in the Artificial Intelligence of Things (AIoT) Platforms Market
5. Global Artificial Intelligence of Things (AIoT) Platforms Growth Analysis and Strategic Analysis Framework
6. Artificial Intelligence of Things (AIoT) Platforms Market Segmentation
7. Artificial Intelligence of Things (AIoT) Platforms Market Regional and Country Analysis
8. Asia-Pacific Artificial Intelligence of Things (AIoT) Platforms Market
9. China Artificial Intelligence of Things (AIoT) Platforms Market
10. India Artificial Intelligence of Things (AIoT) Platforms Market
11. Japan Artificial Intelligence of Things (AIoT) Platforms Market
12. Australia Artificial Intelligence of Things (AIoT) Platforms Market
13. Indonesia Artificial Intelligence of Things (AIoT) Platforms Market
14. South Korea Artificial Intelligence of Things (AIoT) Platforms Market
15. Western Europe Artificial Intelligence of Things (AIoT) Platforms Market
16. UK Artificial Intelligence of Things (AIoT) Platforms Market
17. Germany Artificial Intelligence of Things (AIoT) Platforms Market
18. France Artificial Intelligence of Things (AIoT) Platforms Market
19. Italy Artificial Intelligence of Things (AIoT) Platforms Market
20. Spain Artificial Intelligence of Things (AIoT) Platforms Market
21. Eastern Europe Artificial Intelligence of Things (AIoT) Platforms Market
22. Russia Artificial Intelligence of Things (AIoT) Platforms Market
23. North America Artificial Intelligence of Things (AIoT) Platforms Market
24. USA Artificial Intelligence of Things (AIoT) Platforms Market
25. Canada Artificial Intelligence of Things (AIoT) Platforms Market
26. South America Artificial Intelligence of Things (AIoT) Platforms Market
27. Brazil Artificial Intelligence of Things (AIoT) Platforms Market
28. Middle East Artificial Intelligence of Things (AIoT) Platforms Market
29. Africa Artificial Intelligence of Things (AIoT) Platforms Market
30. Artificial Intelligence of Things (AIoT) Platforms Market Competitive Landscape and Company Profiles
31. Artificial Intelligence of Things (AIoT) Platforms Market Other Major and Innovative Companies
35. Artificial Intelligence of Things (AIoT) Platforms Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Artificial Intelligence Of Things (AIoT) Platforms Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on artificial intelligence of things (aiot) platforms market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for artificial intelligence of things (aiot) platforms? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence of things (aiot) platforms market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Software Or Platform; Services; Professional; Managed2) 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 Software2) 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
Key Companies Mentioned: Alphabet Inc.; Microsoft Corporation; Huawei Technologies Co. Ltd.; Tencent Cloud; Hitachi Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Artificial Intelligence of Things (AIoT) market report include:- 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 Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 8.7 Billion |
| Forecasted Market Value ( USD | $ 29.5 Billion |
| Compound Annual Growth Rate | 35.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
