Artificial Intelligence in IoT Market Size
Artificial Intelligence in IoT Market is estimated to grow from USD 2.64 Billion in 2019 to reach USD 15.72 Billion by 2027, at a CAGR of 25.0% from 2020-2027.
The rising demand for asset monitoring, performance management of transport and related appliances along with the growing need for improved customer service through real-time monitoring is fueling the growth of the industry. The need to reduce downtime and maintenance costs has spurred the growth of AI in IoT sector globally.
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Final Report will have an in-depth analysis of the COVID-19 impact on the Artificial Intelligence in IoT Market |
Artificial Intelligence in IoT Market by Component (Platform,
Software, and Services [Professional Services, and Managed
Services]); by Technology (Machine Learning & Deep Learning,
Natural Language Processing, and Others); by End User (BFSI,
Healthcare, Government & Defense, Energy & Utilities,
Telecom, Manufacturing, and Others); and by Region: Global Industry
Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020
– 2027
Market Drivers, Restraints, Opportunities
What are the Key Drivers responsible for the growth of
Artificial Intelligence in IoT Market?
• Reduced Maintenance Cost and
Downtime
• Effective Management of Data Generated From IoT Devices to
Gain Valuable Insights
What are the restraints for the Artificial Intelligence in
IoT Market growth?
• Lack of Skilled Workforce
• Data Security and Privacy Issues
What are the Opportunities in Artificial Intelligence in IoT
Market?
• Real-Time Monitoring to Deliver an Exceptional Customer
Experience
Artificial Intelligence in IoT Market Vendors
Here are the 10 best Artificial Intelligence in IoT Market
Vendors Analysis
- Google, Inc.
- Anagog
- Oracle
- Salesforce
- Hitachi
- Autoplant Systems Pvt. Ltd.
- Kairos
- SAP
- IBM
- Microsoft
Market Overview
The market report covers a basic overview of the market from
the industry perspective. This will help the reader to get a gist
about different industry dimensions from a manufacturer’s view. The
report divides the market into different sections and is comprised
of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein,
2016 to 2018 will be historic years, 2019 would be the base year
and 2020 to 2027 will be forecast years. The report provides
different statistics and figures and charts that will help analyze
trends and global artificial intelligence in IoT market share along
with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along
with its company landscaping. Product portfolio for each company,
recent developments and company strategies are covered along with
the company financials.
Economy Trends & Strategic Analysis
Various drivers, restraints and opportunities in the
artificial intelligence in IoT market are analyzed in detail in the
report. Key drivers that make the overall market grow are discussed
thoroughly, along with its impact on the sales of different
technology components. Report also features restraining factors
that are likely to restrain the market growth. As well, different
opportunities which will propel the market in future and bring new
growth avenues for major market players are discussed in detail.
This will help in understanding the overall dynamics prevailing in
the historic as well as in coming years.
Apart from this, the report covers various collaborations,
mergers and acquisitions, regional expansions, new product launches
and product pipelines for the key players involved in the
market.
Segmental and Geographic Analysis
The report describes in detail market segmentation by dividing
the market based on its component, technology, end user, and region
and is analyzed from 2016 to 2027 by value and volume. All the
segments are evaluated by taking into consideration the historic
and future trends. All the segments with the dominating &
fastest growing sub-segments and the factors responsible for the
same are studied and are mentioned in the report.
Evident quantitative as well as qualitative insights about the
segments are covered in the report along with forecast analysis of
all the segments that expected to alter the market in the future
are described in detail. The segmental analysis also highlights
details about different aspects that will influence the
market.
Based on component, the market for artificial intelligence in
IoT is segmented into software, platform, and services. The
services segment is further divided into professional services, and
managed services. Based on technology, the market is categorized
into node component, network infrastructure, and others.
Based on technology, the market is categorized into machine
learning & deep learning, natural language processing, and
others. On the basis of end user, the global market for artificial
intelligence in IoT is segmented into BFSI, healthcare, government
& defense, energy & utilities, telecom, manufacturing, and
others. Trend analysis for all the segments is provided in detail
in the report.
Market is divided regionally and by country level into North
America (U.S., Canada, & Rest of North America), Europe (U.K.,
Germany, France, Italy, Spain, Russia & Rest of Europe), Asia
Pacific (China, Japan, India, Australia, Southeast Asia, & Rest
of Asia Pacific), Latin America (Brazil, Mexico, & Rest of
Latin America) and Middle East and Africa (Saudi Arabia, South
Africa, UAE, & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and
understanding of the market and the regional and country level
value and volume scenario and essentials for the industry. Current
market insights on the regional level are studied and centered
while market estimation, thus giving the reader a specialized idea
& plans, financial as well as recent market advancements
globally.
Artificial Intelligence in IoT Market Report Scope
| Attribute | Details |
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Market Size in 2019
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USD 2.64 Billion
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Market Size in 2027
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USD 15.72 Billion
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CAGR (%)
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25.0% from 2020 to 2027
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Historic Period
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2017 - 2018
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Base Year
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2019
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Forecast Period
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2020-2027
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Segments Covered
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Component, Technology, End-User, Region
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, Middle East
& Africa
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Key Companies Profiled
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Google, Inc. (U.S.), Anagog (Israel), Oracle (U.S.), Salesforce (U.S.), Hitachi (Japan), Autoplant Systems Pvt. Ltd. (India), Kairos (U.S.), SAP (Germany), IBM (U.S.), and Microsoft (U.S.)
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Artificial Intelligence in IoT Market Segmentation
By Component
• Platform
• Software
• Services
o Professional Services
o Managed Services
By Technology
• Machine Learning & Deep Learning
• Natural Language Processing
• Others
By End User
• BFSI
• Healthcare
• Government & Defense
• Energy & Utilities
• Telecom
• Manufacturing
• Others
By Region
• North America
-U.S.
-Canada
-Rest of North America
• Europe
-UK
-Germany
-France
-Italy
-Spain
-Russia
-Rest of Europe
• Asia Pacific
-China
-Japan
-India
-Australia
-Southeast Asia
-Rest of Asia Pacific
• Latin America
-Brazil
-Mexico
-Rest of Latin America
• Middle East and Africa
-Saudi Arabia
-South Africa
-UAE
-Rest of Middle East and Africa
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