Global Artificial Intelligence (AI) in IoT Market to Reach $41.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Artificial Intelligence (AI) in IoT estimated at US$9.9 Billion in the year 2020, is projected to reach a revised size of US$41.6 Billion by 2027, growing at a CAGR of 22.8% over the analysis period 2020-2027. Platforms, one of the segments analyzed in the report, is projected to record a 20.8% CAGR and reach US$16 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software Solutions segment is readjusted to a revised 25.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 22.4% CAGR
The Artificial Intelligence (AI) in IoT market in the U.S. is estimated at US$2.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2027 trailing a CAGR of 22.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.2% and 19.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR.Services Segment to Record 22.9% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 22.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.1 Billion in the year 2020 will reach a projected size of US$9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 234 Featured) -
- Anagog
- Arundo
- Autoplant Systems India Pvt. Ltd.
- AWS
- C3 IoT
- GE
- Hitachi
- IBM
- Imagimob
- Kairos
- Microsoft
- Oracle
- PTC
- Salesforce
- SAP
- SAS
- Softweb Solutions
- Thingstel
- Uptake
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 189 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 9.9 Billion |
Forecasted Market Value ( USD | $ 41.6 Billion |
Compound Annual Growth Rate | 22.8% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- Anagog
- Arundo
- Autoplant Systems India Pvt. Ltd.
- AWS
- C3 IoT
- GE
- Hitachi
- IBM
- Imagimob
- Kairos
- Microsoft
- Oracle
- PTC
- Salesforce
- SAP
- SAS
- Softweb Solutions
- Thingstel
- Uptake