North America AIoT Platforms Market Size, Share & Industry Trends Analysis Report By Component, By Vertical (BFSI, Manufacturing, Retail, Healthcare, Energy & Utilities, Transportation & Logistics), By Country and Growth Forecast, 2023 - 2029
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.
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
US
Canada
Mexico
Rest of North America
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. (Amazon.com, Inc.)
NXP Semiconductors N.V.
Sharp Corporation (Hon Hai Precision Industry Co., Ltd.)
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America AIoT Platforms Market, by Component
- 1.4.2 North America AIoT Platforms Market, by Vertical
- 1.4.3 North America 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. North America AIoT Platforms Market by Component
- 4.1 North America Solution Market by Country
- 4.2 North America AIoT Platforms Market by Solution Type
- 4.2.1 North America Device Management Market by Country
- 4.2.2 North America Connectivity Management Market by Country
- 4.2.3 North America Application Management Market by Country
- 4.3 North America Services Market by Country
- Chapter 5. North America AIoT Platforms Market by Vertical
- 5.1 North America BFSI Market by Country
- 5.2 North America Manufacturing Market by Country
- 5.3 North America Retail Market by Country
- 5.4 North America Healthcare Market by Country
- 5.5 North America Energy & Utilities Market by Country
- 5.6 North America Transportation & Logistics Market by Country
- 5.7 North America Other Vertical Market by Country
- Chapter 6. North America AIoT Platforms Market by Country
- 6.1 US AIoT Platforms Market
- 6.1.1 US AIoT Platforms Market by Component
- 6.1.1.1 US AIoT Platforms Market by Solution Type
- 6.1.2 US AIoT Platforms Market by Vertical
- 6.2 Canada AIoT Platforms Market
- 6.2.1 Canada AIoT Platforms Market by Component
- 6.2.1.1 Canada AIoT Platforms Market by Solution Type
- 6.2.2 Canada AIoT Platforms Market by Vertical
- 6.3 Mexico AIoT Platforms Market
- 6.3.1 Mexico AIoT Platforms Market by Component
- 6.3.1.1 Mexico AIoT Platforms Market by Solution Type
- 6.3.2 Mexico AIoT Platforms Market by Vertical
- 6.4 Rest of North America AIoT Platforms Market
- 6.4.1 Rest of North America AIoT Platforms Market by Component
- 6.4.1.1 Rest of North America AIoT Platforms Market by Solution Type
- 6.4.2 Rest of North America 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
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