AI In IoT Market Growth, Analysis and Advancement Outlook 2021 to 2026
Artificial Intelligence (AI) in the IoT market is expected to grow at a CAGR of 27.3% during the forecast period (2020-2025).
Click the link to get a Sample Copy of the Report:
Amazon Web Services, International Business Machines Corporation, Autoplant Systems India Pvt. Ltd., SAP SE, Google LLC, Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., PTC Inc., SAS, General Electric, Hitachi ID Systems
Key Market Trends
Manufacturing Industry is Expected to Witness Significant Growth
- Manufacturers are increasingly taking steps to achieve 100% automated data management systems. AI-enabled IoT applications for manufacturing can also efficiently deal with operations such as monitoring and optimizing equipment performance, production quality control, and human-to-machine interaction. Faster and efficient manufacturing and supply chain operations allow reducing product cycle time significantly.
- For instance, In June 2019, Microsoft and the BMW Group announced a new community initiative to enable faster, more cost-effective innovation in the manufacturing sector. The goal is to significantly accelerate the future Industrial IoT developments, shorten time to value, and drive production efficiencies while addressing common industrial challenges. The underlying platform will continue to evolve, along with manufacturing requirements, to incorporate innovations, including areas of analytics, artificial intelligence, and digital feedback loops._
- Moreover, With the high rate of adoption of sensors and connected devices and the enabling of M2M communication, there has been a massive increase in the data points that are generated in the manufacturing industry. These data points could be of various kinds, ranging from a metric describing the time taken for a material to pass through one process cycle or a more advanced one, such as the calculation of the material stress capability in the automotive industry._
- Various vendors in the market are also offering professional services specific to the manufacturing industry. IBM offers its IoT professional services under Watson, including consulting and boasts prominent clients in manufacturing space. For example, Mahindra & Mahindra Ltd, an automobile manufacturer in India, has adopted connected engineering solutions from IBM. _
North America is Expected to Hold Major Share
- The growth in the region in AI in the IoT market is associated with an increase in the numbers of early adopters of the technology. Other factors influencing the growth of the market are the presence of most of the major players in the region, higher cloud adoption rate among the end-user, which is also driving the investment in the studied market._ The market players in the area are even viewing strategic partnerships and collaborations among various significant players in the market as a lucrative path towards market expansion.
- In March 2019, US-based 8x8 Inc. integrated its 8x8 contact center with Google Clouds new contact center AI. This solution combines multiple AI products to enhance the customer service experience, as well as the productivity of contact centers._
- Moreover, 5G enabled IoT connections is expected to further raise the market demand in the United States. As per IoT Association, the United States leads in terms of smart home adoption, with the highest intelligent home device ratio per household and the most significant consumer propensity to own devices across two or three use cases (security, energy, and appliances).
- Additionally, the country expects Billions of devices connected to the internet, devices, and sensors of the internet of things. With the onset of 5G networks, more bandwidth and faster internet speeds can be utilized by Google and Facebook, for instance, to develop more advanced services soon.
Browse Full Report at:
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of AI In IoT Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of AI In IoT Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Finally, the AI In IoT Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.
Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 |
firstname.lastname@example.org | email@example.com
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI In IoT Market Growth, Analysis and Advancement Outlook 2021 to 2026 here
News-ID: 2225144 • Views: 267
More Releases from Market Insights Reports
Machine Tools Market Reviews and Analysis 2020 Along With Study Reports 2026 | Y …
Latest Industry Research Report On global Machine Tools Market Research Report 2020 in-depth analysis of the market state and also the competitive landscape globally. The Machine Tools market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2026. This report also includes the overall and comprehensive study of the Machine Tools market with all its aspects
Micro And Mini LED Display Market Along With Covid-19 Impact Reviews and Overvie …
Latest Industry Research Report On global Micro And Mini LED Display Market Research Report 2020 in-depth analysis of the market state and also the competitive landscape globally. The Micro And Mini LED Display market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2026. This report also includes the overall and comprehensive study of the Micro
SiC Substrates Market to Grow Significantly at a CAGR of 21.4% by 2026 | Cree (W …
Global SiC Substrates Market Size, Status and Forecast 2021-2026 The SiC Substrates market report is the most important research for who looks for complete information on the SiC Substrates market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, SiC Substrates market
Epoxy Silanes Market Competitive Insights and Global Research 2021-2025
Global Epoxy Silanes Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product Types, and end industries. This report analyzes top players in the global market and divides the Market into several parameters. This Epoxy Silanes Market research report identifies the competitive landscape of industries to understand the competition at the International level. This report study describes the
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these