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Global AI in IoT Market By Type, By Application, By Region and Key Companies - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 – 2025

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vaibhavi vijay latane
Global AI in IoT Market By Type, By Application, By Region and Key Companies - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 – 2025

The global AI in IoT market size to grow from USD 5.1 billion in 2020 to USD 16.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 26.0% during the forecast period.

The major factors expected to drive the market are the need to efficiently process huge volumes of real-time data being generated from IoT devices and reduce maintenance cost and downtime.

Internet of Things artificial intelligence is a combination that connects devices to the Internet and other connected devices, analyzes big data, and provides the required amount of data to each device. As the IoT uses AI, data analysis and analytics challenges are being solved as AI does better. In addition, the need to process vast amounts of real-time data generated by IoT appliances is expected to create new opportunities for artificial intelligence in the IoT market.

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Key players mentioned in this report: IBM, Microsoft, Google, PTC, AWS, Oracle, GE, Salesforce, SAP, Hitachi, Uptake, SAS, Autoplant Systems India Pvt. Ltd., Kairos, Softweb Solutions, Arundo, C3 IoT, Anagog, Thingstel, Imagimob.

 

Global AI in IoT Market Research report embraces of Porter's five forces breakdown to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;

By Type, AI in IoT has been segmented into:

  • Platforms
  • Software Solutions
  • Services

By Application, AI in IoT has been segmented into:

  • Application A
  • Application B
  • Application C

Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
  • Asia-Pacific (China, India, Japan, Southeast Asia etc.)
  • South America (Brazil, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, South Africa etc.)

The requirement to efficiently process the vast amounts of real-time data generated by IoT devices and reduce maintenance costs and downtime are some of the key factors driving the growth of Artificial Intelligence in the IoT market. However, the high cost and lack of consumer knowledge are the major factors that can hinder the growth of artificial intelligence in the IoT market. Nevertheless, advances in technology are expected to create new opportunities for artificial intelligence in the IoT market.

Most of the key vendors offer AI in IoT software solutions to customers. These software solutions are designed to meet interoperability challenges that arise due to varied heterogeneous devices, and manage large volumes of data and its security and privacy. They help in mitigating interoperability issues and create flexibility to effectively manage various business functions.

This record provides a complete description of their advancement and the major markets. The reader is provided facts and figures related to the industry that was AI in IoT Market and significant factors like consumption, production, earnings CAGR and increase. The report shares volume growth, market share, attractiveness index, value and gross margins across all industries. Discusses improvements, alternative areas that describe the company development of key companies, support markets, and product portfolios.

 

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