Artificial Intelligence (AI) in IoT Market Size
The Artificial Intelligence (AI) in IoT Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Artificial Intelligence (AI) in IoT Market Size and Projected Growth Rate?
In recent times, there has been a notable expansion in the market size of artificial intelligence (AI) within the Internet of Things (IoT). Its size is projected to elevate from $15.34 billion in 2024 to $19.49 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 27.0%. Factors contributing to the growth during the historic period include an augmented demand for managing data, increased needs in prominent industries, the advancement of urbanisation and industrialisation, a surge in the spread of IoT devices, and regulatory backing and incentives.
Expectations are high for the artificial intelligence (AI) in iot market, as it is predicted to witness significant expansion in the coming years. By 2029, it’s projected to attain a worth of $50.86 billion, following a compound annual growth rate (CAGR) of 27.1%. Factors contributing to its substantial growth in the prediction period include the extension of the 5g network, a surge in need due to rising population, exclusive AI applications for various industries, increased demand for efficient vehicles, and boost in end-use requirements. The high demand for AI in IoT in emerging markets is also among the notable trends during the forecast period.
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What Are the Major Segments in the Artificial Intelligence (AI) in IoT Market?
The artificial intelligence (AI) in iot market covered in this report is segmented –
1) By Components: Software, Platforms, Services
2) By Technology: Machine Learning, Natural Language Processing, Image Processing, Speech Recognition
3) By-End-User: Energy And Utilities, Manufacturing, Retail, Transportation And Mobility, Banking Financial Services And Insurance (BFSI)
Subsegments:
1) By Software: AI Analytics Software, Edge AI Software, Security Software
2) By Platforms: IoT Platforms With AI Capabilities, Cloud-Based AI Platforms, Device Management Platforms
3) By Services: Consulting Services, Integration Services, Support And Maintenance Services
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What Are The Driving Artificial Intelligence (AI) in IoT Market Evolution?
The proliferation of the 5G network is predicted to boost the progress of artificial intelligence (AI) in the IoT market. The term 5G network expansion denotes the roll-out and activation of the fifth-generation wireless cellular technology, which delivers superior upload and download rates, stable connections, and enhanced capacity compared to prior networks. The high-speed, low-delay attributes of 5G technology will notably advance the connectivity and data transmission capabilities of IoT devices, laying a solid platform for launching AI-based applications. For example, in June 2022, confirmed by reports from 5G Americas., a telecommunications service firm based in the US, global 5G links hit 701 million in Q1 2022, a 17% rise from Q4 2021, and are slated to touch 4.8 billion by the close of 2026. Therefore, the expansion of the 5G network is fueling the development of artificial intelligence (AI) in the IoT market.
Which Firms Dominate The Artificial Intelligence (AI) in IoT Market Segments?
Major companies operating in the artificial intelligence (AI) in IoT market report are Amazon Inc., Google LLC, Microsoft Corporation, Hitachi Ltd., General Electric (GE), Intel Corporation, PLC, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Oracle Corporation, Honeywell International Inc., SAP SE, Fujitsu Limited, NVDIA Corporation, Salesforce Inc., Texas Instruments Incorporated, STMicroelectronics, Infineon Technologies AG, Renesas Electronics Corporation, ARM Holdings, PTC Inc., Softweb Solutions Inc., SpaceTime Insight Inc., CloudMinds Inc.
What Trends Are Expected to Dominate the Artificial Intelligence (AI) in IoT Market in the Next 5 Years?
Prominent corporations involved in the IoT AI market are prioritizing the development of innovative solutions to boost their earnings within the sector. For example, in October 2022, Checkpoint Software Technologies Ltd., a software firm based in Israel, unveiled Check Point Quantum Titan. This new edition of the Check Point Quantum cybersecurity platform is designed to offer swifter, AI-facilitated network security, and enhanced preventative measures against threats for on-premise, cloud, and IoT applications. It features AI-powered network security, advanced menace prevention, IoT security, and highly scalable protections to thwart cyberattacks.
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Which Is The Largest Region In The Artificial Intelligence (AI) in IoT Market?
North America was the largest region in the artificial intelligence (AI) in IoT market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in iot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Intelligence (AI) in IoT Market?
2. What is the CAGR expected in the Artificial Intelligence (AI) in IoT Market?
3. What Are the Key Innovations Transforming the Artificial Intelligence (AI) in IoT Industry?
4. Which Region Is Leading the Artificial Intelligence (AI) in IoT Market?
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