AI in IoT market size to grow from USD 5.1 billion in 2019 to USD 16.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 26%
IoT enables businesses around the world to collect huge amounts of data from multiple sources. On the other hand, enclosing a lot of data from numerous IoT devices complicates data collection, processing, and analysis. The role of artificial intelligence in IoT is to automatically identify patterns in data generated by smart sensors and devices such as temperature, pressure, humidity, air quality, vibration, and sound, and to detect anomalies.
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Key AI in IoT Market Players
The major vendors in the global AI in IoT market include Google (US), Microsoft (US), IBM (US), AWS (US), Oracle (US), SAP (Germany), PTC (US), GE (US), Salesforce (US), Hitachi (Japan), Uptake (US), SAS (US), Autoplant Systems Pvt Ltd. (India),
Based on Technologies, the AI in IoT market has the following segments:
- ML and Deep Learning
- NLP
Based on Verticals, the AI in IoT market has the following segments:
- Manufacturing
- Energy and Utilities
- Transportation and Mobility
- BFSI
- Government and Defense
- Retail
- Healthcare and Life Sciences
- Telecom
- Others (agriculture, education, telecom, and tourism and hospitality)
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Scope of the Report
The research study analyzes the global AI in IoT industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by AI in IoT Market Report
1. What was the AI in IoT Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of AI in IoT Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the AI in IoT Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.For more customized data, request for report customization @ https://www.orionmarketreports.com/inquiry-before-buying/?id=58427
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