Artificial Intelligence in IoT Market Size, Share, Technological Innovations & Growth Forecast To 2028

Internet of things artificial intelligence is a combination of connecting the device to the internet and other connected devices and analyzing the big data and provide the required amount of data to the device, respectively. Due to the use of AI in IoT, data analyzing and analytics problems are being solved as it is done by AI in a better way. Moreover, the need to process vast volumes of real-time data generated by IoT appliance is expected to create new opportunities for Artificial Intelligence in IoT Market.

MARKET SCOPE

The "Global Artificial Intelligence in IoT Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial intelligence in IoT market with detailed market segmentation by technology, component, end user industry, and geography. The report provides key statistics on the market status of the leading artificial intelligence in IoT market players and offers key trends and opportunities in the market.

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The report segments the global Market as follows:

Based on technology, the global artificial intelligence in IoT market is segmented into machine learning, natural language processing, image processing, and speech recognition.
On the basis of component, the market is segmented into software, platform, and services.
Based on end user industry, the market is segmented into BFSI, energy and utilities, manufacturing, retail, transportation and mobility, and others

The Key Players in The Global Market Are: 

Amazon Inc.
Cisco Systems Inc
Google (Alphabet Inc.)
Intel Corporation
IBM Corporation
Microsoft Corporation
NVIDIA Corporation
Oracle Corporation
Salesforce Inc
SAP SE

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MARKET DYNAMICS

Drivers:

The requirement to efficiently process huge volumes of real-time data being generated from IoT devices and reduce maintenance cost and downtime are some of the major factors driving the growth of artificial intelligence in IoT Market.
Advancement in technologies is anticipated to create new opportunities for artificial intelligence in IoT Market.

Restraints:

Expensive cost and lack of knowledge among consumers are the major factors which may restrain the growth of artificial intelligence in IoT Market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The artificial intelligence in IoT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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IMPACT OF COVID-19 ON ARTIFICIAL INTELLIGENCE IN IOT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Essential points covered in Artificial Intelligence in IoT Market report are: -

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Artificial Intelligence in IoT Market?
What are the key market trends impacting Artificial Intelligence in IoT Market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Artificial Intelligence in IoT Market?
Which are the leading companies contributing to Artificial Intelligence in IoT Market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Artificial Intelligence in IoT Market in 2028?

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis.

This release was published on openPR.