Europe Artificial Intelligence of Things (AIoT) Market Size, Share & Trends Analysis Report By Deployment (Cloud and On-Premises), By Component (Hardware, Software, and Services), By End use, By Application, By Vertical, By Country and Growth Forecast, 20

The Europe Artificial Intelligence of Things (AIoT) Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $5,744.1 million 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.

Based on Deployment, the market is segmented into Cloud and On-Premises. Based on Component, the market is segmented into Hardware, Software, and Services. Based on End use, the market is segmented into B2B, B2G, and B2C. Based on Application, the market is segmented into Video Surveillance, Supply Chain Management, Inventory Management, Predictive Maintenance, and Other Application. Based on Vertical, the market is segmented into Manufacturing, Automotive, Healthcare, Retail, BFSI, Logistics, and Agriculture & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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

Europe Artificial Intelligence of Things (AIoT) 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