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AI in IoT Market

AI in IoT Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Global AI in IoT Market: Overview 

The growing complications in gathered data are necessitating the adoption of artificial intelligence (AI). Even a field such as the internet of things (IoT) will require the implementation of AI. The vast amount of data generated and to be processed in connected devices through internet of things is expected to be cumbersome. Artificial intelligence based solutions will make IoT more efficient, thus planting the seed for the global AI in IoT market. The coming years are expected to be the turning years for this market. The AI in IoT market will be influenced by AI’s capacity to provide tools and frameworks for automating processes and real time decisions. 

Global AI in IoT Market: Notable Developments  

The global AI in IoT market is evolving at a brisk pace, bolstered by the swift advances in technology. Here are some notable developments that could impact the AI in IoT market in the coming years: 

  • Amazon’s Web Services IoT 

Amazon has introduced Web Services IoT with its ‘Amazon Echo’. It is essentially and managed cloud platform enabling devices to securely access other devices and cloud applications. Spotify, Fitbit and Uber are some of their prominent partners in this venture. The product’s popularity is expected to grow, boosting the global AI in IoT market. 

  • London City Airport Initiative 

The first one of its kind to use cross-technology networks to improve passager experience and operations in a safe environment is the London City Airport. Connected IoT devices allow passenger crew to monitor passenger travel through the terminal, predict requirements, alert boarding gate personnel to line up before large queues, let them know when to leave the transportation gates, make coffee orders ready to be served by ticket holders at points of boarding, and especially speed-up the check-in and check-in process and take off or lose tracks of missing baggage. This is one of the prime examples in the global AI in IoT market. 

  • Bosch Partners with Tesla and BMW for Autonomous Cars 

For supporting and connecting industrial and smart city applications, Bosch introduced its cloud server in Germany. The Bosch IoT software suite has over five million devices linked. In addition, the company has plunged into the auto domain and partnered with Tesla and BMW to produce autonomous vehicle prototypes. 

Key players in the global AI in IoT market are IBM, Salesforce, Microsoft, Google, and Oracle. 

Global AI in IoT Market Dynamics 

A key factors fuelling the global AI in IoT market is the pressing need for real-time analysis and monitoring of vast amounts of data. Consumers and customers are looking for a unique experience, which a factor that vendors in the AI in IoT market are expected to leverage on. This is expected to generate high demand for AI solutions in IoT related processes and devices. 

Large and small enterprises are witnessing a radical volume of data streaming in from IoT devices. The need to reduce maintenance costs in these processes is another key factor contributing to the growth of the global AI in IoT market in forthcoming years. 

Growing Private and Public Investments to Bolster Asia Pacific Market 

The region of North America is likely to hold command in the global AI in IoT market in the coming years. The region offers high potential for vendors to grow on account of high investments made by government authorities in the sector. North America is additionally blessed with the presence of leading players, fuelling the AI in IoT market in the region. 

Asia Pacific is expected to register a high growth in the global AI in IoT market. A number of private and public sector enterprises are allocating resources towards the development of this field, fuelling the market in this region. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 


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