A recent report published by Infinium Global Research on AI in IoT market provides in-depth analysis of segments and sub-segments in the global as well as regional AI in IoT market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional AI in IoT market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global AI in IoT market. The global AI in IoT market was valued at USD 10.39 billion in 2022 and is expected to reach USD 78.24 billion in 2030, with a CAGR of 24.81% during the forecast period 2023-2030.
2. AI in IoT, or Artificial Intelligence in the Internet of Things, involves merging AI
technology with IoT devices and systems. IoT constitutes a network of physical
objects, devices, and vehicles equipped with sensors, software, and connectivity to
gather and share data. AI adds intelligence and decision-making capabilities to this
data. AI in IoT leverages machine learning and AI techniques to process and derive
meaningful insights from vast amounts of data generated by IoT devices.
The number of IoT devices continues to climb, the demand for AI technologies to
effectively process, analyze, and leverage the data they generate is on the rise. This
collaborative effort between IoT and AI is reshaping industries and fueling the
expansion of the AI in IoT market.
The AI in IoT Market Soars with a Staggering Value
of $78.24 Billion in the Year 2030
3. Market Drivers
1
2
The growth of the AI in IoT market is
strongly propelled by the widespread
adoption of IoT devices.
The growing demand for automation and
efficiency is a key driver of the adoption
of AI in the IoT market.
4. Market Segmentation
The report on global AI in IoT market covers segments such as component,
technology, and industry verticles. On the basis of component, the sub-markets
include platform, software, and services.
On the basis of technology, the sub-markets include ml and deep learning, and
natural language processing(nlp). On the basis of industry verticles, the sub-
markets include manufacturing, energy and utilities, bfsi, transportation and
mobility, retail, government and defence, and healthcare and life science.
5. Segmentation
By Region
North America U.S., Canada
Europe
U.K., Germany, France, Spain, Italy,
Rest of Europe
Asia-Pacific
China, Japan, South Korea, India, Australia, Rest
of Asia-Pacific
LAMEA Latin America, Middle East, Africa
6. Leading Market Players
Amazon Web Services, Inc.
IBM Corporation
Autoplant Systems India Pvt. Ltd.
SAP SE
Alphabet Inc.
PTC
Oracle
Salesforce, Inc.
GE DIGITAL
Hitachi Vantara LLC
