The Latin America, Middle East and Africa AIoT Platforms Market would witness market growth of 39.8% CAGR during the forecast period (2023-2029).
IoT technology is crucial for different enterprises to undergo digital transformation, allowing them to improve current operations by developing and monitoring new business models. IoT usage is rising as more businesses see it as a critical component of their success. When AI and IoT are integrated, they produce intelligent devices that replicate logical behavior and assist in making decisions with little human input. The key growth factors for the market are the increasing focus on efficient management of IoT device-generated data to get insightful knowledge and real-time monitoring to create a better customer experience.
The increasing government initiatives and spending on AioT platform development are the main factors propelling the market for AIoT platforms. Moreover, the market for AIoT platforms is expected to increase due to the rising need for the efficient administration of data produced by IoT devices to acquire useful insights, streamline the production process, and minimize downtime.
The internet of things is being steadily adopted across the Middle East and Africa, which is setting the pace for smart city initiatives. In the region, multiple governments and IT providers are working together to offer solutions for smart cities in various nations. For instance, Technology Strategies Middle East finished the smart city project in Abu Dhabi, United Arab Emirates, in 2018, working with Software AG and Cumulocity IoT as the platform provider. Brazil's most intelligent and connected city has been named Curitiba. The Middle East is known as an increasingly significant centre for the creation of smart cities and the use of smart technologies in urban settings. This will likely lead to significant growth opportunities for the AIoT platforms market.
The Brazil market dominated the LAMEA AIoT Platforms Market by Country 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $521.8 million by 2029. The Argentina market is experiencing a CAGR of 40.6% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 39.5% during (2023 - 2029).
Based on Component, the market is segmented into Solution (Device Management, Connectivity Management, and Application Management) and Services. Based on Vertical, the market is segmented into BFSI, Manufacturing, Retail, Healthcare, Energy & Utilities, Transportation & Logistics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide AIoT Platforms Market is Projected to reach USD 31.4 Billion by 2029, at a CAGR of 35.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Intel Corporation, Oracle Corporation, Hewlett-Packard enterprise Company, Cisco Systems, Inc., Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), NXP Semiconductors N.V. and Sharp Corporation (Hon Hai Precision Industry Co., Ltd.).
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Device Management
- Connectivity Management
- Application Management
- Services
By Vertical
- BFSI
- Manufacturing
- Retail
- Healthcare
- Energy & Utilities
- Transportation & Logistics
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- Intel Corporation
- Oracle Corporation
- Hewlett-Packard enterprise Company
- Cisco Systems, Inc.
- Google LLC (Alphabet Inc.)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NXP Semiconductors N.V.
- Sharp Corporation (Hon Hai Precision Industry Co., Ltd.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA AIoT Platforms Market, by Component
1.4.2 LAMEA AIoT Platforms Market, by Vertical
1.4.3 LAMEA AIoT Platforms Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jun – 2023, Mar) Leading Players
Chapter 4. LAMEA AIoT Platforms Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA AIoT Platforms Market by Solution Type
4.2.1 LAMEA Device Management Market by Country
4.2.2 LAMEA Connectivity Management Market by Country
4.2.3 LAMEA Application Management Market by Country
4.3 LAMEA Services Market by Country
Chapter 5. LAMEA AIoT Platforms Market by Vertical
5.1 LAMEA BFSI Market by Country
5.2 LAMEA Manufacturing Market by Country
5.3 LAMEA Retail Market by Country
5.4 LAMEA Healthcare Market by Country
5.5 LAMEA Energy & Utilities Market by Country
5.6 LAMEA Transportation & Logistics Market by Country
5.7 LAMEA Other Vertical Market by Country
Chapter 6. LAMEA AIoT Platforms Market by Country
6.1 Brazil AIoT Platforms Market
6.1.1 Brazil AIoT Platforms Market by Component
6.1.1.1 Brazil AIoT Platforms Market by Solution Type
6.1.2 Brazil AIoT Platforms Market by Vertical
6.2 Argentina AIoT Platforms Market
6.2.1 Argentina AIoT Platforms Market by Component
6.2.1.1 Argentina AIoT Platforms Market by Solution Type
6.2.2 Argentina AIoT Platforms Market by Vertical
6.3 UAE AIoT Platforms Market
6.3.1 UAE AIoT Platforms Market by Component
6.3.1.1 UAE AIoT Platforms Market by Solution Type
6.3.2 UAE AIoT Platforms Market by Vertical
6.4 Saudi Arabia AIoT Platforms Market
6.4.1 Saudi Arabia AIoT Platforms Market by Component
6.4.1.1 Saudi Arabia AIoT Platforms Market by Solution Type
6.4.2 Saudi Arabia AIoT Platforms Market by Vertical
6.5 South Africa AIoT Platforms Market
6.5.1 South Africa AIoT Platforms Market by Component
6.5.1.1 South Africa AIoT Platforms Market by Solution Type
6.5.2 South Africa AIoT Platforms Market by Vertical
6.6 Nigeria AIoT Platforms Market
6.6.1 Nigeria AIoT Platforms Market by Component
6.6.1.1 Nigeria AIoT Platforms Market by Solution Type
6.6.2 Nigeria AIoT Platforms Market by Vertical
6.7 Rest of LAMEA AIoT Platforms Market
6.7.1 Rest of LAMEA AIoT Platforms Market by Component
6.7.1.1 Rest of LAMEA AIoT Platforms Market by Solution Type
6.7.2 Rest of LAMEA AIoT Platforms Market by Vertical
Chapter 7. Company Profiles
7.1 IBM Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional & Segmental Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Microsoft Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.2.6 SWOT Analysis
7.3 Intel Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Oracle Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.6 SWOT Analysis
7.5 Hewlett Packard Enterprise Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.5.6 SWOT Analysis
7.6 Cisco Systems, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.6.6 SWOT Analysis
7.7 Google LLC (Alphabet Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Recent strategies and developments:
7.8.4.1 Partnerships, Collaborations, and Agreements:
7.8.5 SWOT Analysis
7.9 NXP Semiconductors N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expense
7.9.5 SWOT Analysis
7.10. Sharp Corporation (Hon Hai Precision Industry Co., Ltd.)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental & Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
TABLE 1 LAMEA AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 2 LAMEA AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AIoT Platforms Market
TABLE 4 Product Launches And Product Expansions– AIoT Platforms Market
TABLE 5 Acquisition and Mergers– AIoT Platforms Market
TABLE 6 LAMEA AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 7 LAMEA AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 8 LAMEA Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 LAMEA AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 11 LAMEA AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 12 LAMEA Device Management Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Device Management Market by Country, 2023 - 2029, USD Million
TABLE 14 LAMEA Connectivity Management Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Connectivity Management Market by Country, 2023 - 2029, USD Million
TABLE 16 LAMEA Application Management Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Application Management Market by Country, 2023 - 2029, USD Million
TABLE 18 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Services Market by Country, 2023 - 2029, USD Million
TABLE 20 LAMEA AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 21 LAMEA AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 22 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA BFSI Market by Country, 2023 - 2029, USD Million
TABLE 24 LAMEA Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 26 LAMEA Retail Market by Country, 2019 - 2022, USD Million
TABLE 27 LAMEA Retail Market by Country, 2023 - 2029, USD Million
TABLE 28 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 30 LAMEA Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Energy & Utilities Market by Country, 2023 - 2029, USD Million
TABLE 32 LAMEA Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Transportation & Logistics Market by Country, 2023 - 2029, USD Million
TABLE 34 LAMEA Other Vertical Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Other Vertical Market by Country, 2023 - 2029, USD Million
TABLE 36 LAMEA AIoT Platforms Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA AIoT Platforms Market by Country, 2023 - 2029, USD Million
TABLE 38 Brazil AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 39 Brazil AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 40 Brazil AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 41 Brazil AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 42 Brazil AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 43 Brazil AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 44 Brazil AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 45 Brazil AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 46 Argentina AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 47 Argentina AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 48 Argentina AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 49 Argentina AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 50 Argentina AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 51 Argentina AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 52 Argentina AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 53 Argentina AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 54 UAE AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 55 UAE AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 56 UAE AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 57 UAE AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 58 UAE AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 59 UAE AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 60 UAE AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 61 UAE AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 62 Saudi Arabia AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 63 Saudi Arabia AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 64 Saudi Arabia AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 65 Saudi Arabia AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 66 Saudi Arabia AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 67 Saudi Arabia AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 68 Saudi Arabia AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 69 Saudi Arabia AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 70 South Africa AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 71 South Africa AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 72 South Africa AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 73 South Africa AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 74 South Africa AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 75 South Africa AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 76 South Africa AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 77 South Africa AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 78 Nigeria AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 79 Nigeria AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 80 Nigeria AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 81 Nigeria AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 82 Nigeria AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 83 Nigeria AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 84 Nigeria AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 85 Nigeria AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 86 Rest of LAMEA AIoT Platforms Market, 2019 - 2022, USD Million
TABLE 87 Rest of LAMEA AIoT Platforms Market, 2023 - 2029, USD Million
TABLE 88 Rest of LAMEA AIoT Platforms Market by Component, 2019 - 2022, USD Million
TABLE 89 Rest of LAMEA AIoT Platforms Market by Component, 2023 - 2029, USD Million
TABLE 90 Rest of LAMEA AIoT Platforms Market by Solution Type, 2019 - 2022, USD Million
TABLE 91 Rest of LAMEA AIoT Platforms Market by Solution Type, 2023 - 2029, USD Million
TABLE 92 Rest of LAMEA AIoT Platforms Market by Vertical, 2019 - 2022, USD Million
TABLE 93 Rest of LAMEA AIoT Platforms Market by Vertical, 2023 - 2029, USD Million
TABLE 94 Key information – IBM Corporation
TABLE 95 key information – Microsoft Corporation
TABLE 96 Key Information – Intel Corporation
TABLE 97 Key Information – Oracle Corporation
TABLE 98 key information – Hewlett Packard Enterprise Company
TABLE 99 Key Information – Cisco Systems, Inc.
TABLE 100 Key Information – Google LLC
TABLE 101 Key Information – Amazon Web Services, Inc.
TABLE 102 Key Information – NXP Semiconductors N.V.
TABLE 103 Key Information – Sharp Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Jun – 2023, Mar) Leading Players
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: Microsoft Corporation
FIG 9 SWOT Analysis: Microsoft Corporation
FIG 10 Recent strategies and developments: Intel Corporation
FIG 11 SWOT analysis: Intel corporation
FIG 12 SWOT analysis: Oracle Corporation
FIG 13 SWOT analysis: Hewlett-Packard enterprise Company
FIG 14 Recent strategies and developments: Cisco Systems, Inc.
FIG 15 SWOT Analysis: Cisco Systems, Inc.
FIG 16 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 17 SWOT analysis: Amazon.com, Inc.
FIG 18 Swot analysis: NXP semiconductors N.V.
FIG 19 SWOT Analysis: Sharp Corporation