Artificial Intelligence of Things Market Demand, Analysis, Trends, Competition, and Forecast 3034
AIoT Market Growth, Size, Trends Analysis - By Component, By Deployment, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Feb-2025 | Report ID: IACT2521 | Pages: 1 - 246 | Formats*: |
| Category : Information & Communications Technology | |||
AIoT Market Introduction and Overview
According to SPER Market Research, the Global AIoT Market is estimated to reach USD 2737.44 billion by 2034 with a CAGR of 31.91%.
The report includes an in-depth analysis of the Global AIoT Market, including market size and trends, product mix, Applications, and supplier analysis. The global artificial intelligence of things (AIoT) market was estimated at USD 171.62 billion in 2024 and is expected to grow at a rate of 31.91% from 2025 to 2034. This growth is due to the combination of AI and IoT, which improves device capabilities and efficiency in sectors like manufacturing and healthcare. Increased demand for real-time data, predictive analytics, and advancements in technology are also contributing to this growth. Government policies and investments in research and development are promoting the use of AIoT.
By Component Insights: The software segment held a large market share in 2024, mainly due to the rising need for advanced data analytics. Organizations using AIoT solutions create a lot of data from connected devices. This data provides insights that can improve operations and decision-making. AIoT software with strong analytics helps businesses analyze data in real-time, identifying patterns and trends. The demand for such software with powerful analytics is increasing as industries aim to be more data-driven.
By Deployment Insights: Based on deployment, the cloud segment held the largest market share in 2024. Increasing demand for scalable and flexible infrastructure is expected to drive the need for cloud deployment. These platforms provide the scalability to manage fluctuating workloads and allow quick resource adjustments based on real-time needs. Cloud deployment also enables the integration of AI and IoT capabilities, improving data processing and analytics without heavy on-premises infrastructure, reducing costs and simplifying maintenance for organizations of all sizes.
Regional Insights: North America had a large market share in 2024, thanks to its strong technology infrastructure, which includes advanced IT systems and high-performance computing. The region is home to major tech companies like Google LLC and Microsoft, as well as a dynamic start-up scene that boosts innovation in AI and IoT. Major investments in research and development, along with partnerships with universities, support the growth of advanced AIoT solutions. The healthcare sector is quickly using AIoT technologies, backed by government programs that promote telehealth and digital health solutions.
Market Competitive Landscape:
Some key companies in the AIoT market include Google LLC, IBM Corporation, Salesforce, Inc, Microsoft, and Oracle.
Microsoft plays a vital role in the AIoT industry through its Azure cloud platform. The Azure IoT platform helps connect, monitor, and manage IoT devices, while Azure AI allows for the creation of intelligent applications. This helps businesses gather and analyze data from IoT devices for automation and insights. Microsoft also emphasizes edge computing to improve performance and reduce delays.
Oracle is another important player in AIoT, using its Oracle Cloud Infrastructure to offer AI and IoT solutions. Oracle’s applications assist businesses in optimizing operations through device connectivity, data analysis, and automation, focusing on industries like manufacturing and logistics.
Recent Developments:
- In September 2024, SU Group Holdings Limited announced a joint development memorandum of understanding (MOU) with UrbanChain Group. They will collaborate on integrated AIoT car parking, security, and access control solutions in Hong Kong, Macao, and Southeast Asia, using EV charging to boost demand for automatic car park and fee collection systems.
- In March 2024, eFishery merged with DycodeX, an AI Internet-Of-Things company. This acquisition adds DycodeX’s expertise in AI and IoT to eFishery’s operations. The DycodeX team will join eFishery’s AIoT business unit.
- In May 2024, ASUSTeK Computer Inc. launched its complete range of AIoT solutions at the Intel Tech Tour event. ASUS IoT showcased innovations in smart manufacturing, smart retail, smart cities, and smart healthcare, attracting over 100 media representatives at the ASUS headquarters.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Deployment, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Google LLC, IBM Corporation, Microsoft, Oracle, PTC, Salesforce, Inc, SAS Institute, Inc, SAP SE, Softweb Solutions Inc, Thingstel Tech Solutions India Pvt Ltd. and others. |
Key Topics Covered in the Report:
- Global AIoT Market Size (FY’2021-FY’2034)
- Overview of Global AIoT Market
- Segmentation of Global AIoT Market By Component (Software, Services)
- Segmentation of Global AIoT Market By Deployment (On-premise Deployment, Cloud-based Deployment)
- Segmentation of Global AIoT Market By End User (Manufacturing, Infrastructure, Healthcare, Retail, BFSI, Automotive, Other)
- Statistical Snap of Global AIoT Market
- Expansion Analysis of Global AIoT Market
- Problems and Obstacles in Global AIoT Market
- Competitive Landscape in the Global AIoT Market
- Details on Current Investment in Global AIoT Market
- Competitive Analysis of Global AIoT Market
- Prominent Players in the Global AIoT Market
- SWOT Analysis of Global AIoT Market
- Global AIoT Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global AIoT Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global AIoT Market
7. Global AIoT Market, By Component (USD Million) 2021-2034
7.1. Software7.2. Services
8. Global AIoT Market, By Deployment (USD Million) 2021-2034
8.1. On-premises8.2. Cloud
9. Global AIoT Market, By End User (USD Million) 2021-2034
9.1. Manufacturing9.2. Infrastructure9.3. Healthcare9.4. Retail9.5. BFSI9.6. Automotive9.7. Other
10. Global AIoT Market, (USD Million) 2021-2034
10.1. Global AIoT Market Size and Market Share
11. Global AIoT Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. Google LLC
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. IBM Corporation
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Microsoft
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Oracle
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. PTC
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Salesforce, Inc
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. SAS Institute, Inc
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. SAP SE
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Softweb Solutions Inc
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Thingstel Tech Solutions India Pvt Ltd
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
AIoT Market size is USD 2737.44 billion from 2025 to 2034.
AIoT Market is projected to reach USD 2737.44 billion by 2034, growing at a CAGR of 31.91% during the forecast period.
AIoT Market grew in Market size from 2025. The Market is expected to reach USD 2737.44 billion by 2034, at a CAGR of 31.91% during the forecast period.
AIoT Market CAGR of 31.91% during the forecast period.
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AIoT Market is covered By Component, By Deployment, By End User..
The North America is anticipated to have the highest Market share in the AIoT Market.
The key players in the Market include Companies Covered Google LLC, IBM Corporation, Microsoft, Oracle, PTC, Salesforce, Inc, SAS Institute, Inc, SAP SE, Softweb Solutions Inc, Thingstel Tech Solutions India Pvt Ltd. and others.
This growth is due to the combination of AI and IoT, which improves device capabilities and efficiency in sectors like manufacturing and healthcare. Increased demand for real-time data, predictive analytics, and advancements in technology are also contributing to this growth.
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