The Europe Artificial Intelligence of Things (AIoT) Market is expected to witness market growth of 26.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.74 billion by 2031. The UK market is registering a CAGR of 25.3% during 2024-2031. Additionally, the France market would witness a CAGR of 27.4% during 2024-2031.
Energy management is another critical area where AIoT is making significant strides. AIoT systems enable real-time monitoring and optimization of energy usage, helping businesses and households reduce consumption and lower costs. Smart meters and AI-powered energy management systems analyze consumption patterns and provide actionable insights for improving efficiency. Moreover, AIoT supports the integration of renewable energy sources into power grids, ensuring a balanced and reliable energy supply. These advancements are not only diminishing energy expenses but also playing a significant role in global initiatives aimed at addressing climate change.
The rise of edge computing is further accelerating the adoption of AIoT. By facilitating the processing of data in proximity to its origin, edge computing diminishes latency and augments the performance of Artificial Intelligence of Things (AIoT) systems. This capability is especially critical for applications necessitating real-time responses, including autonomous vehicles, industrial automation, and smart city infrastructures. Edge computing also addresses data privacy and security concerns by limiting the need to transmit sensitive information to centralized data centers.
France is positioning itself as a leader in AIoT innovation, particularly in the healthcare sector. The Healthcare Innovation 2030 plan, launched in 2021, allocated $7.62 billion (€7 billion) to make France a European leader in health innovation by 2030. Of this, $2.18 billion (€2 billion) is dedicated to strategies for biotherapies, digital health, and emerging infectious diseases. AIoT technologies are playing a vital role in these initiatives, with applications in connected medical devices, remote patient monitoring, and AI-driven diagnostics. These efforts highlight France’s commitment to leveraging AIoT to transform healthcare delivery and achieve long-term innovation goals. Consequently, with an emphasis on sustainability and innovation, the region is strategically positioned to spearhead the global implementation of AIoT solutions across various sectors.
The Germany market dominated the Europe Artificial Intelligence of Things (AIoT) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.74 billion by 2031. The UK market is registering a CAGR of 25.3% during 2024-2031. Additionally, the France market would witness a CAGR of 27.4% during 2024-2031.
Energy management is another critical area where AIoT is making significant strides. AIoT systems enable real-time monitoring and optimization of energy usage, helping businesses and households reduce consumption and lower costs. Smart meters and AI-powered energy management systems analyze consumption patterns and provide actionable insights for improving efficiency. Moreover, AIoT supports the integration of renewable energy sources into power grids, ensuring a balanced and reliable energy supply. These advancements are not only diminishing energy expenses but also playing a significant role in global initiatives aimed at addressing climate change.
The rise of edge computing is further accelerating the adoption of AIoT. By facilitating the processing of data in proximity to its origin, edge computing diminishes latency and augments the performance of Artificial Intelligence of Things (AIoT) systems. This capability is especially critical for applications necessitating real-time responses, including autonomous vehicles, industrial automation, and smart city infrastructures. Edge computing also addresses data privacy and security concerns by limiting the need to transmit sensitive information to centralized data centers.
France is positioning itself as a leader in AIoT innovation, particularly in the healthcare sector. The Healthcare Innovation 2030 plan, launched in 2021, allocated $7.62 billion (€7 billion) to make France a European leader in health innovation by 2030. Of this, $2.18 billion (€2 billion) is dedicated to strategies for biotherapies, digital health, and emerging infectious diseases. AIoT technologies are playing a vital role in these initiatives, with applications in connected medical devices, remote patient monitoring, and AI-driven diagnostics. These efforts highlight France’s commitment to leveraging AIoT to transform healthcare delivery and achieve long-term innovation goals. Consequently, with an emphasis on sustainability and innovation, the region is strategically positioned to spearhead the global implementation of AIoT solutions across various sectors.
List of Key Companies Profiled
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Market Report Segmentation
By Deployment
- Cloud
- On-Premises
By Component
- Hardware
- Software
- Services
By End use
- B2B
- B2G
- B2C
By Application
- Video Surveillance
- Supply Chain Management
- Inventory Management
- Predictive Maintenance
- Other Application
By Vertical
- Manufacturing
- Automotive
- Healthcare
- Retail
- BFSI
- Logistics
- Agriculture & Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Artificial Intelligence of Things (AIoT) Market by Deployment
Chapter 6. Europe Artificial Intelligence of Things (AIoT) Market by Component
Chapter 7. Europe Artificial Intelligence of Things (AIoT) Market by End use
Chapter 8. Europe Artificial Intelligence of Things (AIoT) Market by Application
Chapter 9. Europe Artificial Intelligence of Things (AIoT) Market by Vertical
Chapter 10. Europe Artificial Intelligence of Things (AIoT) Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Oracle Corporation
- Salesforce, Inc.
- SAS Institute Inc.
- Microsoft Corporation
- PTC Inc.
- SAP SE
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- GE Vernova Group
Methodology
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