AI in IoT Market - Global Industry Analysis

Name: AI in IoT Market By Component (Services, Platforms, and Software Solutions), By Technology (Natural Language Processing and ML & Deep Learning), and By Vertical (Energy & Utilities, Manufacturing, Government & Defense, BFSI, Healthcare, Retail, Transportation & Mobility, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025
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SKU: ZMR-4622
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AI in IoT Market By Component (Services, Platforms, and Software Solutions), By Technology (Natural Language Processing and ML & Deep Learning), and By Vertical (Energy & Utilities, Manufacturing, Government & Defense, BFSI, Healthcare, Retail, Transportation & Mobility, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 26-Aug-2019 Category: Technology & Media Report Format : PDF Pages: 172 Report Code: ZMR-4622 Status : Published

Global AI in IoT market expected to reach around USD 19.9 billion by 2025, at a CAGR approximately 25.89% for the forecast period between 2019 and 2025. Internet of Things (IoT) is a growing network of objects that has its own IP address to connect to the internet along with the communication between these physical objects.

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Description

The report analyzes and forecasts the AI in IoT market on a global and regional level. The study offers past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of AI in IoT market dynamics gives a brief thought about the market drivers and restraints along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the AI in IoT market on a global level.

The report gives a transparent view of the AI in IoT market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the AI in IoT market. To understand the competitive landscape in the AI in IoT market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global AI in IoT Market

The study provides a crucial view of the AI in IoT market by segmenting it based on component, technology, vertical, and region. All the segments of AI in IoT market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some noticeable players of the AI in IoT market are Microsoft, Google, AWS, IBM, SAP, Oracle, GE, PTC, Hitachi, Salesforce, SAS, and Uptake.

This report segments the global AI in IoT market into:

Global AI in IoT Market: Component Analysis

Services
- Professional Services

Deployment and Integration
Support and Maintenance
Training and Consulting
- Managed Services

Platforms
- Device Management
- Application Management
- Connectivity Management
Software Solutions
- Real-Time Streaming Analytics
- Security
- Data Management
- Remote Monitoring
- Network Bandwidth Management
- Edge Solution

Global AI in IoT Market: Technology Analysis

Natural Language Processing
ML and Deep Learning

Global AI in IoT Market: Vertical Analysis

Energy and Utilities
Manufacturing
Government and Defense
BFSI
Healthcare
Retail
Transportation and Mobility
Others

Global AI in IoT Market: By Region

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
Middle East and Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report Description
  - 1.1.1. Objective
  - 1.1.2. Target Audience
  - 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
  - 1.3.1. Market Research Process
  - 1.3.2. Market Research Methodology
  - 1.3.3. Level 1: Primary Research
  - 1.3.4. Level 2: Secondary Research
  - 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
Chapter 2. Executive Summary
- 2.1. Global AI in IoT Market, 2016-2025 (USD Billion)
- 2.2. Global AI in IoT Market: Snapshot
Chapter 3. Global AI in IoT Market - Industry Analysis
- 3.1. Introduction
- 3.2. Industry ecosystem analysis
- 3.3. Technology landscape
- 3.4. Market Drivers
  - 3.4.1. North America
  - 3.4.2. Europe
  - 3.4.3. Asia Pacific
    - 3.4.3.1. Adoption of IoT and AI in Insurance
  - 3.4.4. Latin America
  - 3.4.5. MEA
- 3.5. Restraints
  - 3.5.1. Lack of Skilled Workforce
- 3.6. Opportunity
  - 3.6.1. Real-Time Monitoring to Deliver an Exceptional Customer Experience
- 3.7. Innovation & sustainability
- 3.8. Regulatory Landscape
- 3.9. Porter's Five Forces Analysis
- 3.10. PESTLE Analysis
- 3.11. AI in IoT Market: Market Attractiveness Analysis
  - 3.11.1. Market Attractiveness Analysis by Component
  - 3.11.2. Market Attractiveness Analysis by Technology
  - 3.11.3. Market Attractiveness Analysis by Vertical
  - 3.11.4. Market Attractiveness Analysis by Region
Chapter 4. Global AI in IoT Market - Competitive Landscape
- 4.1. Company Market Share Analysis, 2018
- 4.2. Strategic Development
  - 4.2.1. Acquisitions and Mergers
  - 4.2.2. New Product Launch
  - 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
  - 4.2.4. Research & Development and Regional Expansion
Chapter 5. AI in IoT Market - Component Analysis
- 5.1. Global AI in IoT Market Share, by Component, 2018 and 2025
- 5.2. Global AI in IoT Market by Services, 2016-2025 (USD Billion)
- 5.3. Global AI in IoT Market by Platforms, 2016-2025 (USD Billion)
- 5.4. Global AI in IoT Market by Software Solutions, 2016-2025 (USD Billion)
Chapter 6. AI in IoT Market - Technology Analysis
- 6.1. Global AI in IoT Market Share, by Technology, 2018 and 2025
- 6.2. Global AI in IoT Market by Natural Language Processing, 2016-2025 (USD Billion)
- 6.3. Global AI in IoT Market by ML and Deep Learning, 2016-2025 (USD Billion)
Chapter 7. AI in IoT Market - Vertical Analysis
- 7.1. Global AI in IoT Market Share, by Vertical, 2018 and 2025
- 7.2. Global AI in IoT Market by Energy and Utilities, 2016-2025 (USD Billion)
- 7.3. Global AI in IoT Market by Manufacturing, 2016-2025 (USD Billion)
- 7.4. Global AI in IoT Market By Government and Defense, 2016-2025 (USD Billion)
- 7.5. Global AI in IoT Market by BFSI, 2016-2025 (USD Billion)
- 7.6. Global AI in IoT Market by Healthcare, 2016-2025 (USD Billion)
- 7.7. Global AI in IoT Market by Retail, 2016-2025 (USD Billion)
- 7.8. Global AI in IoT Market by Transportation and Mobility, 2016-2025 (USD Billion)
- 7.9. Global AI in IoT Market by Others, 2016-2025 (USD Billion)
Chapter 8. AI in IoT Market - Regional Analysis
- 8.1. Global AI in IoT Market Share, By Region, 2018 and 2025
- 8.2. North America
  - 8.2.1. North America AI in IoT Market Revenue, 2016-2025 (USD Billion)
  - 8.2.2. North America AI in IoT Market Revenue, By Component, 2016-2025 (USD Billion)
  - 8.2.3. North America AI in IoT Market Revenue, By Technology, 2016-2025 (USD Billion)
  - 8.2.4. North America AI in IoT Market Revenue, By Vertical, 2016-2025 (USD Billion)
  - 8.2.5. The U.S.
    - 8.2.5.1. The U.S. AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.2.5.2. The U.S. AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.2.5.3. The U.S. AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.2.6. Canada
    - 8.2.6.1. Canada AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.2.6.2. Canada AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.2.6.3. Canada AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
- 8.3. Europe
  - 8.3.1. Europe AI in IoT Market Revenue, 2016-2025 (USD Billion)
  - 8.3.2. Europe AI in IoT Market Revenue, By Component, 2016-2025 (USD Billion)
  - 8.3.3. Europe AI in IoT Market Revenue, By Technology, 2016-2025 (USD Billion)
  - 8.3.4. Europe AI in IoT Market Revenue, By Vertical, 2016-2025 (USD Billion)
  - 8.3.5. UK
    - 8.3.5.1. UK AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.3.5.2. UK AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.3.5.3. UK AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.3.6. France
    - 8.3.6.1. France AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.3.6.2. France AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.3.6.3. France AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.3.7. Germany
    - 8.3.7.1. Germany AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.3.7.2. Germany AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.3.7.3. Germany AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.3.8. Rest of Europe
    - 8.3.8.1. Rest of Europe AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.3.8.2. Rest of Europe AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.3.8.3. Rest of Europe AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
- 8.4. Asia Pacific
  - 8.4.1. Asia Pacific AI in IoT Market Revenue, 2016-2025 (USD Billion)
  - 8.4.2. Asia Pacific AI in IoT Market Revenue, By Component, 2016-2025 (USD Billion)
  - 8.4.3. Asia Pacific AI in IoT Market Revenue, By Technology, 2016-2025 (USD Billion)
  - 8.4.4. Asia Pacific AI in IoT Market Revenue, By Vertical, 2016-2025 (USD Billion)
  - 8.4.5. China
    - 8.4.5.1. China AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.4.5.2. China AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.4.5.3. China AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.4.6. Japan
    - 8.4.6.1. Japan AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.4.6.2. Japan AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.4.6.3. Japan AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.4.7. India
    - 8.4.7.1. India AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.4.7.2. India AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.4.7.3. India AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.4.8. Rest of Asia Pacific
    - 8.4.8.1. Rest of Asia Pacific AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.4.8.2. Rest of Asia Pacific AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.4.8.3. Rest of Asia Pacific AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
- 8.5. Latin America
  - 8.5.1. Latin America AI in IoT Market Revenue, 2016-2025 (USD Billion)
  - 8.5.2. Latin America AI in IoT Market Revenue, By Component, 2016-2025 (USD Billion)
  - 8.5.3. Latin America AI in IoT Market Revenue, By Technology, 2016-2025 (USD Billion)
  - 8.5.4. Latin America AI in IoT Market Revenue, By Vertical, 2016-2025 (USD Billion)
  - 8.5.5. Brazil
    - 8.5.5.1. Brazil AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.5.5.2. Brazil AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.5.5.3. Brazil AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
  - 8.5.6. Rest of Latin America
    - 8.5.6.1. Rest of Latin America AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
    - 8.5.6.2. Rest of Latin America AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
    - 8.5.6.3. Rest of Latin America AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
- 8.6. The Middle East and Africa
  - 8.6.1. The Middle East and Africa AI in IoT Market Revenue, 2016-2025 (USD Billion)
  - 8.6.2. The Middle East and Africa AI in IoT Market Revenue, by Component, 2016-2025 (USD Billion)
  - 8.6.3. The Middle East and Africa AI in IoT Market Revenue, by Technology, 2016-2025 (USD Billion)
  - 8.6.4. The Middle East and Africa AI in IoT Market Revenue, by Vertical, 2016-2025 (USD Billion)
Chapter 9. Company Profiles
- 9.1. Microsoft
  - 9.1.1. Overview
  - 9.1.2. Financials
  - 9.1.3. Product portfolio
  - 9.1.4. Business strategy
  - 9.1.5. Recent developments
- 9.2. Google
  - 9.2.1. Overview
  - 9.2.2. Financials
  - 9.2.3. Product portfolio
  - 9.2.4. Business strategy
  - 9.2.5. Recent developments
- 9.3. AWS
  - 9.3.1. Overview
  - 9.3.2. Financials
  - 9.3.3. Product portfolio
  - 9.3.4. Business strategy
  - 9.3.5. Recent developments
- 9.4. IBM
  - 9.4.1. Overview
  - 9.4.2. Financials
  - 9.4.3. Product portfolio
  - 9.4.4. Business strategy
  - 9.4.5. Recent developments
- 9.5. SAP
  - 9.5.1. Overview
  - 9.5.2. Financials
  - 9.5.3. Product portfolio
  - 9.5.4. Business strategy
  - 9.5.5. Recent developments
- 9.6. Oracle
  - 9.6.1. Overview
  - 9.6.2. Financials
  - 9.6.3. Product portfolio
  - 9.6.4. Business strategy
  - 9.6.5. Recent developments
- 9.7. GE
  - 9.7.1. Overview
  - 9.7.2. Financials
  - 9.7.3. Product portfolio
  - 9.7.4. Business strategy
  - 9.7.5. Recent developments
- 9.8. PTC
  - 9.8.1. Overview
  - 9.8.2. Financials
  - 9.8.3. Product portfolio
  - 9.8.4. Business strategy
  - 9.8.5. Recent developments
- 9.9. Hitachi
  - 9.9.1. Overview
  - 9.9.2. Financials
  - 9.9.3. Product portfolio
  - 9.9.4. Business strategy
  - 9.9.5. Recent developments
- 9.10. Salesforce
  - 9.10.1. Overview
  - 9.10.2. Financials
  - 9.10.3. Product portfolio
  - 9.10.4. Business strategy
  - 9.10.5. Recent developments
- 9.11. SAS
  - 9.11.1. Overview
  - 9.11.2. Financials
  - 9.11.3. Product portfolio
  - 9.11.4. Business strategy
  - 9.11.5. Recent developments
- 9.12. Uptake
  - 9.12.1. Overview
  - 9.12.2. Financials
  - 9.12.3. Product portfolio
  - 9.12.4. Business strategy
  - 9.12.5. Recent developments

Table Of Figures

List of Figures

1. Global AI in IoT Market Segmentation by Component, Technology, Vertical, and Geography
2. Global AI in IoT Market, 2016–2025 (USD Billion)
3. Porter’s Five Forces Analysis
4. Global AI in IoT Market Attractiveness, by Component
5. Global AI in IoT Market Attractiveness, by Technology
6. Global AI in IoT Market Attractiveness, by Vertical
7. Global AI in IoT Market Attractiveness, by Region
8. Global AI in IoT Market Share, by Component, 2018 and 2025
9. Global AI in IoT Market by Services, 2016–2025 (USD Billion)
10. Global AI in IoT Market by Platforms, 2016–2025 (USD Billion)
11. Global AI in IoT Market by Software Solutions, 2016–2025 (USD Billion)
12. Global AI in IoT Market Share, by Technology, 2018 and 2025
13. Global AI in IoT Market by Natural Language Processing, 2016–2025 (USD Billion)
14. Global AI in IoT Market by ML and Deep Learning, 2016–2025 (USD Billion)
15. Global AI in IoT Market Share, by Vertical, 2018 and 2025
16. Global AI in IoT Market by Energy and Utilities, 2016–2025 (USD Billion)
17. Global AI in IoT Market by Manufacturing, 2016–2025 (USD Billion)
18. Global AI in IoT Market By Government and Defense, 2016–2025 (USD Billion)
19. Global AI in IoT Market by BFSI, 2016–2025 (USD Billion)
20. Global AI in IoT Market by Healthcare, 2016–2025 (USD Billion)
21. Global AI in IoT Market by Retail, 2016–2025 (USD Billion)
22. Global AI in IoT Market by Transportation and Mobility, 2016–2025 (USD Billion)
23. Global AI in IoT Market by Others, 2016–2025 (USD Billion)
24. Global AI in IoT Market Share, by Region, 2018 and 2025
25. North America AI in IoT Market, 2016–2025 (USD Billion)
26. Europe AI in IoT market, 2016–2025 (USD Billion)
27. Asia Pacific AI in IoT Market, 2016-2025(USD Billion)
28. Latin America AI in IoT Market, 2016–2025 (USD Billion)
29. The Middle East and Africa AI in IoT Market, 2016–2025 (USD Billion)

Table Of Tables

List of Tables

1. Global AI in IoT market snapshot
2. Drivers of the AI in IoT market: Impact analysis
3. Restraints of the AI in IoT market: Impact analysis
4. North America AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
5. North America AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
6. North America AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
7. The U.S. AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
8. The U.S. AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
9. The U.S. AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
10. Canada AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
11. Canada AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
12. Canada AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
13. Europe AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
14. Europe AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
15. Europe AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
16. UK AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
17. UK AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
18. UK AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
19. France AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
20. France AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
21. France AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
22. Germany AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
23. Germany AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
24. Germany AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
25. Rest of Europe AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
26. Rest of Europe AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
27. Rest of Europe AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
28. Asia Pacific AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
29. Asia Pacific AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
30. Asia Pacific AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
31. China AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
32. China AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
33. China AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
34. Japan AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
35. Japan AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
36. Japan AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
37. India AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
38. India AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
39. India AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
40. Rest of Asia Pacific AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
41. Rest of Asia Pacific AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
42. Rest of Asia Pacific AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
43. Latin America AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
44. Latin America AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
45. Latin America AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
46. Brazil AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
47. Brazil AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
48. Brazil AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
49. Rest of Latin America AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
50. Rest of Latin America AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
51. Rest of Latin America AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)
52. The Middle East and Africa AI in IoT Market Revenue, By Component, 2016–2025 (USD Billion)
53. The Middle East and Africa AI in IoT Market Revenue, By Technology, 2016–2025 (USD Billion)
54. The Middle East and Africa AI in IoT Market Revenue, By Vertical, 2016–2025 (USD Billion)

Methodology

Free Analysis

Internet of Things (IoT) is a growing network of objects that has its own IP address to connect to the internet along with the communication between these physical objects. Additionally, the constant use of these devices generates raw data that is stored via IoT. With the help of Artificial Intelligence (AI) in IoT, these devices analyze and create actionable date for concerned companies.

The AI in IoT market is gaining acceptance globally, owing to its rising demand by industrial sectors, enterprises, companies, and business that have already implemented or are in the process of implementing AI in IoT to efficiently manage work. AI is playing a vital role in IoT as the former has secured its place in numerous sectors, such as vision sensors, to identify accuracy, product orientation, and enhanced process flow by decreasing waste and removing defective products. Moreover, the rising demand for road safety, growing concerns for new infrastructure and devices, such as sensors and video camera to monitor drivers’ behavior and driving patterns to find the cause of road accidents, are also projected to propel the AI in IoT market over the predicted time period.

Global AI in IoT Market

By component, the AI in IoT market is fragmented into platforms, services (professional and managed), and software solutions. Services will hold a noteworthy share over the forecast period. Professional services are expected to grow at a substantial rate, owing to their rising demand in the transportation and logistics sector. This involves data gathering on a regular basis by various smart devices to provide online information about asset tracking, passengers and traffic flow along with the technical team to develop web and mobile application, assist, and support and maintain solutions to make roads more safe and secure.

North America is likely to witness notable growth in the AI in IoT market globally, owing to the early adoption of industry 4.0 and IoT in various industries. Moreover, the region is focusing on implementing IoT in factories to upgrade existing factories to smart factories. Major investments are being made by public and private sectors to enhance the IoT and AI sector, which is expected to further the region’s AI in IoT market growth. Additionally, the rising concerns related to life and property insurance will also to support this regional market.

Some noticeable players of the AI in IoT market are Microsoft, Google, AWS, IBM, SAP, Oracle, GE, PTC, Hitachi, Salesforce, SAS, and Uptake.