Artificial Intelligence in IOT Market business opportunity,and growth

Artificial Intelligence in IOT Market Analysis 2020 ReportCrux Market Research Kemp House 152 – 160 City Road London EC1V 2NX +91 895 615 7215 sales@reportcrux.com https://www.reportcrux.com/ Date: July 2020 _________________

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Artificial Intelligence in IOT Market - Global Industry Analysis, Size, Share, Forecast 2016 – 2027

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Report Description Artificial Intelligence (AI) in IoT is a combination of linking the computer to the Internet and other connected devices and analyzing big data and supplying the necessary amount of data to the system. With the use of AI in IoT, data collection and methodological concerns are being addressed since AI analysis it in a better way. In addition, the need to process large amounts of real-time data produced by the IoT appliances is expected to create new opportunities for Artificial Intelligence in the IoT industry.The growth of this market is driven by rising use of mobile network operators for increasing the connectivity platforms.

The rising interest of the IT sector is also projecting the growth of the industry. In addition with growing use of artificial intelligence, the advent of smart home devices like Google home and Alexa is also boosting the market.

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Browse Market Research Report @ https://reportcrux.com/summary/2875/Artificial-Intelligence-in-IoT-Market The global market for the artificial intelligence in IoT is segmented into technology, end user, component, and region. Based on component, the market for artificial intelligence in IoT is segmented into software, platform, and services. The services segment is further divided into professional services, and managed services. The software segment is likely to grow at high CAGR in the forecast period. Most of the vendors sell IoT tech solutions to customers. These software systems are designed to solve interoperability problems that emerge from a number of heterogeneous devices and to handle large quantities of data and its protection and privacy. Software’s help to reduce interoperability problems and create flexibility to efficiently handle different business functions.

Based on technology, the market is categorized into machine learning & deep learning, natural language processing, and others. The machine learning (ML) & deep learning segment held almost 65% share of the market in 2019. ML has become a robust analytical method for large quantities of data. The combination of ML and edge computing is removing much of the noise generated by IoT devices thus leaving appropriate data to be analyzed by edge and cloud analytics engines.

On the basis of end user, the global market for artificial intelligence in IoT is segmented into healthcare, BFSI, energy & utilities, government & defense, telecom, manufacturing, and others. The BFSI segment accounted for almost 27% share of the

market in 2019. The healthcare sector is expected to gain leading share by 2027 tough. This section is divided based on use cases, like robot-assisted surgery, virtual nursing assistants, hospital process management, reduction of dosage errors, identification of participants in clinical trials, automatic image diagnosis, and preliminary diagnosis which will lead to its market growth in the forecast period.

Get accurate market forecast and analysis on the Artificial Intelligence in IOT Market. Request for research methodology to stay abreast on the key trends impacting this market @ https://reportcrux.com/researchmethodology/Artificial-Intelligence-in-IoT-Market

the market is classified into Latin America, Middle East & Africa, Asia Pacific, North America, and Europe. North America held almost 39% of the market in 2019 while Asia Pacific is likely to rise at the highest CAGR in the forecast period. This high growth in Asia Pacific can be credited to heavy investments made by the private and public sectors to improve their AI and IoT technologies, resulting in increased demand for AI in IoT solutions gaining traction. North America is projected to be the leading region in terms of IoT adoption and growth of AI due to the presence of IoT vendors, and rising government expenditure on emerging technologies is expected to contribute in market growth during the forecast period.

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

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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.

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