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PUBLISHER: KBV Research | PRODUCT CODE: 1649291
PUBLISHER: KBV Research | PRODUCT CODE: 1649291
North America Artificial Intelligence of Things Market Size, Share & Trends Analysis Report By Deployment, By Component, By End use, By Application, By Vertical, By Country and Growth Forecast, 2024 - 2031
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The North America Artificial Intelligence of Things (AIoT) Market would witness market growth of 26.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $25,787.7 million by 2031. The Canada market is expected to witness a CAGR of 28.6% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 27.7% during (2024 - 2031).
Artificial Intelligence of Things (AIoT) refers to the integration of Artificial Intelligence (AI) with the Internet of Things (IoT) to create intelligent, interconnected systems that can analyze data, make decisions, and perform actions autonomously. By combining IoT's capability to collect and transmit data through connected devices with AI's power to process, analyze, and learn from that data, AIoT enables smarter, more efficient, and highly automated solutions across a wide range of applications. As a result, AIoT is driving innovation and efficiency across various sectors, including healthcare, manufacturing, transportation, retail, energy, and smart cities, making it one of the most promising technology markets today.
AIoT transforms this data into actionable insights, enabling businesses to optimize operations, reduce costs, and improve decision-making. For instance, in industrial environments, the integration of AIoT facilitates real-time monitoring of equipment, enables the prediction of potential malfunctions prior to their occurrence, and automates maintenance schedules. This significantly diminishes downtime and enhances overall productivity.
The Canadian government has supported AIoT growth through initiatives such as the Pan-Canadian Artificial Intelligence Strategy, which fosters innovation and research in AI technologies. According to Statistics Canada, the finance and insurance industry has emerged as one of the fastest adopters of AI technologies, with strong implications for the market. Among businesses in finance and insurance utilizing AI (10.9%), nearly 66.8% reported using virtual agents or chatbots, while 34.2% employed AI-driven data analytics. These numbers highlight how AIoT technologies, which combine AI-powered decision-making with IoT-enabled data collection, are transforming traditional industries by improving efficiency, enhancing customer interactions, and enabling smarter, real-time operational strategies. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
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 U.S., Mexico, Canada, and Rest of North America.
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
North America 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
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Artificial Intelligence of Things (AIoT) Market, by Deployment
- 1.4.2 North America Artificial Intelligence of Things (AIoT) Market, by Component
- 1.4.3 North America Artificial Intelligence of Things (AIoT) Market, by End use
- 1.4.4 North America Artificial Intelligence of Things (AIoT) Market, by Application
- 1.4.5 North America Artificial Intelligence of Things (AIoT) Market, by Vertical
- 1.4.6 North America Artificial Intelligence of Things (AIoT) Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2025)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2022-, May - 2025, Jan) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Artificial Intelligence of Things (AIoT) Market by Deployment
- 5.1 North America Cloud Market by Region
- 5.2 North America On-Premises Market by Region
Chapter 6. North America Artificial Intelligence of Things (AIoT) Market by Component
- 6.1 North America Hardware Market by Country
- 6.2 North America Software Market by Country
- 6.3 North America Services Market by Country
Chapter 7. North America Artificial Intelligence of Things (AIoT) Market by End use
- 7.1 North America B2B Market by Country
- 7.2 North America B2G Market by Country
- 7.3 North America B2C Market by Country
Chapter 8. North America Artificial Intelligence of Things (AIoT) Market by Application
- 8.1 North America Video Surveillance Market by Country
- 8.2 North America Supply Chain Management Market by Country
- 8.3 North America Inventory Management Market by Country
- 8.4 North America Predictive Maintenance Market by Country
- 8.5 North America Other Application Market by Country
Chapter 9. North America Artificial Intelligence of Things (AIoT) Market by Vertical
- 9.1 North America Manufacturing Market by Country
- 9.2 North America Automotive Market by Country
- 9.3 North America Healthcare Market by Country
- 9.4 North America Retail Market by Country
- 9.5 North America BFSI Market by Country
- 9.6 North America Logistics Market by Country
- 9.7 North America Agriculture & Others Market by Country
Chapter 10. North America Artificial Intelligence of Things (AIoT) Market by Country
- 10.1 US Artificial Intelligence of Things (AIoT) Market
- 10.1.1 US Artificial Intelligence of Things (AIoT) Market by Deployment
- 10.1.2 US Artificial Intelligence of Things (AIoT) Market by Component
- 10.1.3 US Artificial Intelligence of Things (AIoT) Market by End use
- 10.1.4 US Artificial Intelligence of Things (AIoT) Market by Application
- 10.1.5 US Artificial Intelligence of Things (AIoT) Market by Vertical
- 10.2 Canada Artificial Intelligence of Things (AIoT) Market
- 10.2.1 Canada Artificial Intelligence of Things (AIoT) Market by Deployment
- 10.2.2 Canada Artificial Intelligence of Things (AIoT) Market by Component
- 10.2.3 Canada Artificial Intelligence of Things (AIoT) Market by End use
- 10.2.4 Canada Artificial Intelligence of Things (AIoT) Market by Application
- 10.2.5 Canada Artificial Intelligence of Things (AIoT) Market by Vertical
- 10.3 Mexico Artificial Intelligence of Things (AIoT) Market
- 10.3.1 Mexico Artificial Intelligence of Things (AIoT) Market by Deployment
- 10.3.2 Mexico Artificial Intelligence of Things (AIoT) Market by Component
- 10.3.3 Mexico Artificial Intelligence of Things (AIoT) Market by End use
- 10.3.4 Mexico Artificial Intelligence of Things (AIoT) Market by Application
- 10.3.5 Mexico Artificial Intelligence of Things (AIoT) Market by Vertical
- 10.4 Rest of North America Artificial Intelligence of Things (AIoT) Market
- 10.4.1 Rest of North America Artificial Intelligence of Things (AIoT) Market by Deployment
- 10.4.2 Rest of North America Artificial Intelligence of Things (AIoT) Market by Component
- 10.4.3 Rest of North America Artificial Intelligence of Things (AIoT) Market by End use
- 10.4.4 Rest of North America Artificial Intelligence of Things (AIoT) Market by Application
- 10.4.5 Rest of North America Artificial Intelligence of Things (AIoT) Market by Vertical
Chapter 11. Company Profiles
- 11.1 Google LLC (Alphabet Inc.)
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expense
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.6 SWOT Analysis
- 11.2 IBM Corporation
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Regional & Segmental Analysis
- 11.2.4 Research & Development Expenses
- 11.2.5 Recent strategies and developments:
- 11.2.5.1 Partnerships, Collaborations, and Agreements:
- 11.2.5.2 Acquisition and Mergers:
- 11.2.6 SWOT Analysis
- 11.3 Oracle Corporation
- 11.3.1 Company Overview
- 11.3.2 Financial Analysis
- 11.3.3 Segmental and Regional Analysis
- 11.3.4 Research & Development Expense
- 11.3.5 Recent strategies and developments:
- 11.3.5.1 Partnerships, Collaborations, and Agreements:
- 11.3.5.2 Product Launches and Product Expansions:
- 11.3.6 SWOT Analysis
- 11.4 Salesforce, Inc.
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Regional Analysis
- 11.4.4 Research & Development Expenses
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Partnerships, Collaborations, and Agreements:
- 11.4.6 SWOT Analysis
- 11.5 SAS Institute, Inc.
- 11.5.1 Company Overview
- 11.5.2 Recent strategies and developments:
- 11.5.2.1 Partnerships, Collaborations, and Agreements:
- 11.5.3 SWOT Analysis
- 11.6 Microsoft Corporation
- 11.6.1 Company Overview
- 11.6.2 Financial Analysis
- 11.6.3 Segmental and Regional Analysis
- 11.6.4 Research & Development Expenses
- 11.6.5 Recent strategies and developments:
- 11.6.5.1 Partnerships, Collaborations, and Agreements:
- 11.6.6 SWOT Analysis
- 11.7 PTC, Inc.
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Regional Analysis
- 11.7.4 Research & Development Expenses
- 11.7.5 Recent strategies and developments:
- 11.7.5.1 Partnerships, Collaborations, and Agreements:
- 11.7.6 SWOT Analysis
- 11.8 SAP SE
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Regional Analysis
- 11.8.4 Research & Development Expense
- 11.8.5 Recent strategies and developments:
- 11.8.5.1 Partnerships, Collaborations, and Agreements:
- 11.8.6 SWOT Analysis
- 11.9 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental Analysis
- 11.9.4 SWOT Analysis
- 11.10. GE Vernova Group
- 11.10.1 Company Overview
- 11.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Artificial Intelligence of Things (AIoT) Market, 2020 - 2023, USD Million
- TABLE 2 North America Artificial Intelligence of Things (AIoT) Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Artificial Intelligence of Things (AIoT) Market
- TABLE 4 Product Launches And Product Expansions- Artificial Intelligence of Things (AIoT) Market
- TABLE 5 Acquisition and Mergers- Artificial Intelligence of Things (AIoT) Market
- TABLE 6 North America Artificial Intelligence of Things (AIoT) Market by Deployment, 2020 - 2023, USD Million
- TABLE 7 North America Artificial Intelligence of Things (AIoT) Market by Deployment, 2024 - 2031, USD Million
- TABLE 8 North America Cloud Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Cloud Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America On-Premises Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America On-Premises Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America Artificial Intelligence of Things (AIoT) Market by Component, 2020 - 2023, USD Million
- TABLE 13 North America Artificial Intelligence of Things (AIoT) Market by Component, 2024 - 2031, USD Million
- TABLE 14 North America Hardware Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Hardware Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Software Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Software Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Services Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Services Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Artificial Intelligence of Things (AIoT) Market by End use, 2020 - 2023, USD Million
- TABLE 21 North America Artificial Intelligence of Things (AIoT) Market by End use, 2024 - 2031, USD Million
- TABLE 22 North America B2B Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America B2B Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America B2G Market by Country, 2020 - 2023, USD Million
- TABLE 25 North America B2G Market by Country, 2024 - 2031, USD Million
- TABLE 26 North America B2C Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America B2C Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Artificial Intelligence of Things (AIoT) Market by Application, 2020 - 2023, USD Million
- TABLE 29 North America Artificial Intelligence of Things (AIoT) Market by Application, 2024 - 2031, USD Million
- TABLE 30 North America Video Surveillance Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Video Surveillance Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America Supply Chain Management Market by Country, 2020 - 2023, USD Million
- TABLE 33 North America Supply Chain Management Market by Country, 2024 - 2031, USD Million
- TABLE 34 North America Inventory Management Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America Inventory Management Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America Predictive Maintenance Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America Predictive Maintenance Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America Artificial Intelligence of Things (AIoT) Market by Vertical, 2020 - 2023, USD Million
- TABLE 41 North America Artificial Intelligence of Things (AIoT) Market by Vertical, 2024 - 2031, USD Million
- TABLE 42 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 44 North America Automotive Market by Country, 2020 - 2023, USD Million
- TABLE 45 North America Automotive Market by Country, 2024 - 2031, USD Million
- TABLE 46 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 47 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 48 North America Retail Market by Country, 2020 - 2023, USD Million
- TABLE 49 North America Retail Market by Country, 2024 - 2031, USD Million
- TABLE 50 North America BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 51 North America BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 52 North America Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 53 North America Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 54 North America Agriculture & Others Market by Country, 2020 - 2023, USD Million
- TABLE 55 North America Agriculture & Others Market by Country, 2024 - 2031, USD Million
- TABLE 56 North America Artificial Intelligence of Things (AIoT) Market by Country, 2020 - 2023, USD Million
- TABLE 57 North America Artificial Intelligence of Things (AIoT) Market by Country, 2024 - 2031, USD Million
- TABLE 58 US Artificial Intelligence of Things (AIoT) Market, 2020 - 2023, USD Million
- TABLE 59 US Artificial Intelligence of Things (AIoT) Market, 2024 - 2031, USD Million
- TABLE 60 US Artificial Intelligence of Things (AIoT) Market by Deployment, 2020 - 2023, USD Million
- TABLE 61 US Artificial Intelligence of Things (AIoT) Market by Deployment, 2024 - 2031, USD Million
- TABLE 62 US Artificial Intelligence of Things (AIoT) Market by Component, 2020 - 2023, USD Million
- TABLE 63 US Artificial Intelligence of Things (AIoT) Market by Component, 2024 - 2031, USD Million
- TABLE 64 US Artificial Intelligence of Things (AIoT) Market by End use, 2020 - 2023, USD Million
- TABLE 65 US Artificial Intelligence of Things (AIoT) Market by End use, 2024 - 2031, USD Million
- TABLE 66 US Artificial Intelligence of Things (AIoT) Market by Application, 2020 - 2023, USD Million
- TABLE 67 US Artificial Intelligence of Things (AIoT) Market by Application, 2024 - 2031, USD Million
- TABLE 68 US Artificial Intelligence of Things (AIoT) Market by Vertical, 2020 - 2023, USD Million
- TABLE 69 US Artificial Intelligence of Things (AIoT) Market by Vertical, 2024 - 2031, USD Million
- TABLE 70 Canada Artificial Intelligence of Things (AIoT) Market, 2020 - 2023, USD Million
- TABLE 71 Canada Artificial Intelligence of Things (AIoT) Market, 2024 - 2031, USD Million
- TABLE 72 Canada Artificial Intelligence of Things (AIoT) Market by Deployment, 2020 - 2023, USD Million
- TABLE 73 Canada Artificial Intelligence of Things (AIoT) Market by Deployment, 2024 - 2031, USD Million
- TABLE 74 Canada Artificial Intelligence of Things (AIoT) Market by Component, 2020 - 2023, USD Million
- TABLE 75 Canada Artificial Intelligence of Things (AIoT) Market by Component, 2024 - 2031, USD Million
- TABLE 76 Canada Artificial Intelligence of Things (AIoT) Market by End use, 2020 - 2023, USD Million
- TABLE 77 Canada Artificial Intelligence of Things (AIoT) Market by End use, 2024 - 2031, USD Million
- TABLE 78 Canada Artificial Intelligence of Things (AIoT) Market by Application, 2020 - 2023, USD Million
- TABLE 79 Canada Artificial Intelligence of Things (AIoT) Market by Application, 2024 - 2031, USD Million
- TABLE 80 Canada Artificial Intelligence of Things (AIoT) Market by Vertical, 2020 - 2023, USD Million
- TABLE 81 Canada Artificial Intelligence of Things (AIoT) Market by Vertical, 2024 - 2031, USD Million
- TABLE 82 Mexico Artificial Intelligence of Things (AIoT) Market, 2020 - 2023, USD Million
- TABLE 83 Mexico Artificial Intelligence of Things (AIoT) Market, 2024 - 2031, USD Million
- TABLE 84 Mexico Artificial Intelligence of Things (AIoT) Market by Deployment, 2020 - 2023, USD Million
- TABLE 85 Mexico Artificial Intelligence of Things (AIoT) Market by Deployment, 2024 - 2031, USD Million
- TABLE 86 Mexico Artificial Intelligence of Things (AIoT) Market by Component, 2020 - 2023, USD Million
- TABLE 87 Mexico Artificial Intelligence of Things (AIoT) Market by Component, 2024 - 2031, USD Million
- TABLE 88 Mexico Artificial Intelligence of Things (AIoT) Market by End use, 2020 - 2023, USD Million
- TABLE 89 Mexico Artificial Intelligence of Things (AIoT) Market by End use, 2024 - 2031, USD Million
- TABLE 90 Mexico Artificial Intelligence of Things (AIoT) Market by Application, 2020 - 2023, USD Million
- TABLE 91 Mexico Artificial Intelligence of Things (AIoT) Market by Application, 2024 - 2031, USD Million
- TABLE 92 Mexico Artificial Intelligence of Things (AIoT) Market by Vertical, 2020 - 2023, USD Million
- TABLE 93 Mexico Artificial Intelligence of Things (AIoT) Market by Vertical, 2024 - 2031, USD Million
- TABLE 94 Rest of North America Artificial Intelligence of Things (AIoT) Market, 2020 - 2023, USD Million
- TABLE 95 Rest of North America Artificial Intelligence of Things (AIoT) Market, 2024 - 2031, USD Million
- TABLE 96 Rest of North America Artificial Intelligence of Things (AIoT) Market by Deployment, 2020 - 2023, USD Million
- TABLE 97 Rest of North America Artificial Intelligence of Things (AIoT) Market by Deployment, 2024 - 2031, USD Million
- TABLE 98 Rest of North America Artificial Intelligence of Things (AIoT) Market by Component, 2020 - 2023, USD Million
- TABLE 99 Rest of North America Artificial Intelligence of Things (AIoT) Market by Component, 2024 - 2031, USD Million
- TABLE 100 Rest of North America Artificial Intelligence of Things (AIoT) Market by End use, 2020 - 2023, USD Million
- TABLE 101 Rest of North America Artificial Intelligence of Things (AIoT) Market by End use, 2024 - 2031, USD Million
- TABLE 102 Rest of North America Artificial Intelligence of Things (AIoT) Market by Application, 2020 - 2023, USD Million
- TABLE 103 Rest of North America Artificial Intelligence of Things (AIoT) Market by Application, 2024 - 2031, USD Million
- TABLE 104 Rest of North America Artificial Intelligence of Things (AIoT) Market by Vertical, 2020 - 2023, USD Million
- TABLE 105 Rest of North America Artificial Intelligence of Things (AIoT) Market by Vertical, 2024 - 2031, USD Million
- TABLE 106 Key Information - Google LLC
- TABLE 107 Key Information - IBM Corporation
- TABLE 108 Key Information - Oracle Corporation
- TABLE 109 Key Information - Salesforce, Inc.
- TABLE 110 Key Information - SAS Institute, Inc.
- TABLE 111 Key Information - Microsoft Corporation
- TABLE 112 key Information - PTC, Inc.
- TABLE 113 Key Information - SAP SE
- TABLE 114 Key Information - Amazon Web Services, Inc.
- TABLE 115 Key Information - GE Vernova Group
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