Press release
The Global AI in IoT Market is expected to grow at a CAGR of 24.59% during the forecast period, 2021–2026.
AI in IoT Market
Technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) are embedded in networks to instigate innovative technology solutions. The improved intelligence performance of applications and devices aids the framing of better business decisions. The confluence of AI with IoT would provide several opportunities for the growth of the AI in IoT market during the forecast period, 2019–2026. For instance, in February 2019, Singtel unveiled plans to launch an AI-powered IoT network through Microsoft Azure. The platform will access Azure’s wide set of cloud services, including IoT Hub, IoT Edge, and relative machine learning and cognitive services to introduce cloud intelligence and analytics in smart devices.
Additionally, the penetration of smart devices such as smartphones, smart wearable, and others and connectivity would further foster the growth of the AI in IoT market. According to the Mobile Economy Report 2019 by GSMA, the number of IoT connections is expected to reach 25 billion by 2025.
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The Major Manufacturers Covered in this Report:
Google, Microsoft, IBM Corporation, Amazon Web Services, Inc, Oracle , SAP, GE, Salesforce, Hitachi, Uptake, SAS, Autoplant Systems Pvt Ltd., Kairos, Softweb Solutions, Arundo, C3 IoT, Anagog, Imagimob, and Thingstel.
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Market Segmentation:
By Component
Platforms
Software Solutions
Services
By Technology
Machine Learning
Deep Learning
Natural Language Processing
Computer Vision
Others
By Application
Transportation & Mobility
IT & Telecommunication
Energy & Utilities
Manufacturing
Retail
Healthcare
Others
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Introduction of AI & IoT to Transform the Retail Industry
The retail industry is witnessing considerable growth with technologies such as AI, IoT, BigData, and others connecting new customers and retaining existing ones while meeting the increasing demand for faster and highly efficient processes. Thus, retailers are focusing on embracing technologies that would provide customers the required assistance and convenience during their shopping experience. For instance, in April 2019, IBM introduced Smart Mirror technology to offer services to offline retailers over an interactive fitting room to connect retailers and customers digitally, thereby enhancing customers’ offline shopping experience. Such factors are resulted to drive the demand for AI in IoT market in the retail segment.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the AI in IoT Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the AI in IoT Market sub-markets, depending on key regions (various vital states).
To analyze the Global AI in IoT Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global AI in IoT Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global AI in IoT Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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