AI in IoT Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2027

The AI in IoT Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the AI in IoT market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the AI in IoT market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the AI in IoT market.

Artificial Intelligence (AI) in the IoT market is expected to grow at a CAGR of 27.3% during the forecast period (2021-2026).

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Top Leading Companies of AI in IoT Market are - 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 and others.

Industry News and Updates:

- In October 2019, SAP SE and Verizon partnered to create enterprise solutions that use Verizon’s network and platform capabilities integrated with SAP software and services, particularly the SAP Leonardo Internet of Things (IoT) solution, SAP Edge Services, and analytics, computing and data management capabilities.

- In March 2020, Azure IoT Introduces seamless integration with Cisco IoT. This partnership between Cisco and Azure IoT is expected to simplify customer deployments significantly. It gives customers the ability to securely connect their assets and simply ingest and send IoT data to the cloud. Cisco IoT Gateways will now be pre-integrated to take advantage of the latest in cloud technology from Azure.

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.

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 Cloud’s new contact center AI. This solution combines multiple AI products to enhance the customer service experience, as well as the productivity of contact centers.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- AI in IoT Market Size & Analysis (2016 - 2026)
- Market Share Analysis of AI in IoT Market (%),2016 - 2026
- AI in IoT Market Share, By Brand
- AI in IoT Market Share, By Company
- AI in IoT Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies AI in IoT Market Value Analysis & Forecast
- Promising AI in IoT Development by Major Companies
- Detailed AI in IoT Portfolio of the Major Companies
- Major Deals in the AI in IoT Market
- Major Companies Analysis

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