The Worldwide AIoT Platforms Market is Projected to reach USD 31.4 Billion by 2029, at a CAGR of 35.8%

Published Date: 26-May-2023

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AIoT Platforms Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global AIoT Platforms Market size is expected to reach $31.4 billion by 2029, rising at a market growth of 35.8% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 38.5% during (2023 - 2029). There is an increasing demand for AIoT platform solutions, driven by the imperative to improve risk management capabilities, optimize operations, minimize downtime, enable intelligent real-time process monitoring, and enhance data management and analysis. Various prominent platform providers provide integrated IoT platforms with AI functionalities, including analytics based on machine learning.

The BFSI segment acquired maximum revenue share in the Global AIoT Platforms Market by Vertical 2022 thereby, achieving a market value of $8.9 billion by 2029. Banking services like mobile banking, e-banking, and real-time money transfers are now available from banks, allowing customers to use them whenever they want due to shifting customer preferences, technological advancements, and rising risks of fraudulent banking activities. Artificial intelligence in banking helps to identify hazards brought on by fraudulent activity, reduce such risks, and enhance compliance.

The North America market dominated the Global AIoT Platforms Market by Region 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $11.7 billion by 2029. The Europe market is poised to grow at a CAGR of 35.2% during (2023 - 2029). Additionally, The Asia Pacific market would witness a CAGR of 36.5% during (2023 - 2029).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation, Hewlett-Packard enterprise Company, Cisco Systems, Inc., Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (, Inc.), NXP Semiconductors N.V. and Sharp Corporation (Hon Hai Precision Industry Co., Ltd.).

Global AIoT Platforms Market Segmentation

By Component

  • Solution
    • Device Management
    • Connectivity Management
    • Application Management
  • Services

By Vertical

  • BFSI
  • Manufacturing
  • Retail
  • Healthcare
  • Energy & Utilities
  • Transportation & Logistics
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • IBM Corporation
  • Microsoft Corporation
  • Intel Corporation
  • Oracle Corporation
  • Hewlett-Packard enterprise Company
  • Cisco Systems, Inc.
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (, Inc.)
  • NXP Semiconductors N.V.
  • Sharp Corporation (Hon Hai Precision Industry Co., Ltd.)

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  • The highest number of Market tables and figures
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Related Reports:

North America AIoT Platforms Market size & Opportunities 2023-2029

Europe AIoT Platforms Market & Growth Forecast 2023-2029

Asia Pacific AIoT Platforms Market Share & Industry Outlook to 2029

LAMEA AIoT Platforms Market Growth, Trends & Forecasts 2023-2029

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