The North America AIoT Platforms Market would witness market growth of 35.1% CAGR during the forecast period (2023-2029).
The market for AIoT platforms is anticipated to develop due to the emergence of edge computing and the growing use of 5G networks. Businesses can handle data more quickly and efficiently by using edge computing to process data nearer to the source. In addition, businesses can more easily gather and analyze huge amounts of data from IoT devices due to 5G networks' quicker data transfer speeds. The AIoT platforms market offers a sizable opportunity for device manufacturers, solution providers, and other IoT and AI industry participants. As a result, the market is predicted to witness innovations with increasing growth prospects.
AIoT solutions increase operational efficiency and the value of data produced by machines. The supply chains, sales & marketing procedures, processes for delivering goods and services, and support models are only a few business operations that will inevitably incorporate. AIoT platforms market solutions. Decision-making applications backed by IoT networks would benefit greatly from AI, particularly in streaming data and real-time analytics connected to edge computing networks.
All use cases, market segments, and solution offerings will focus on real-time data as a major value proposition. Service logic will take on a new dimension due to the capacity to collect streaming data, identify relevant attributes, and make real-time decisions. The product will often be the data itself, and useful information frequently be provided in a data-as-a-service (DaaS) business model.
The demand for autonomous delivery robots is particularly strong in North America. The region is home to many of the major vendors. In addition, numerous regional start-ups and businesses are also advancing the development of autonomous delivery robotic technology. In addition, compared to other regions, the penetration of autonomous delivery robots across various end users is rather high in the region. There is a huge need for these robots in the retail, logistics, and hospitality industries. To have hands-on experience with the prototypes, many retailers and hospitality providers work with the makers. The AIoT platforms market is anticipated to expand with increased ADR deployment in the region since autonomous delivery robots utilize AIoT technology.
The US market dominated the North America AIoT Platforms Market by Country 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $8,466.5 million by 2029. The Canada market is poised to grow at a CAGR of 38.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 37% 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 U.S., Mexico, Canada, and Rest of North America.
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.).
By Component
By Vertical
By Country
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