The Artificial Intelligence (AI) in IoT Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Artificial Intelligence (AI) in IoT Market:
According to The Business Research Company’s Artificial Intelligence (AI) in IoT Global Market Report 2024, The artificial intelligence (AI) in iot market size has grown exponentially in recent years. It will grow from $12.02 billion in 2023 to $15.34 billion in 2024 at a compound annual growth rate (CAGR) of 27.6%. The growth in the historic period can be attributed to increasing demand for data management,rising demand in major industries,urbanization and industrialization,increase in iot device proliferation,regulatory support and incentives.
The artificial intelligence (AI) in iot market size is expected to see exponential growth in the next few years. It will grow to $39.95 billion in 2028 at a compound annual growth rate (CAGR) of 27.0%. The growth in the forecast period can be attributed to 5g network expansion,increasing demand due to growing population,industry-specific ai applications,growing demand for powerful vehicles,increase in end-user demand. Major trends in the forecast period include demand for ai in iot in emerging markets.
The 5G network expansion is expected to propel the growth of artificial intelligence (AI) in IoT market going forward. 5G network expansion refers to the deployment and implementation of fifth-generation wireless cellular technology, which offers higher upload and download speeds, more consistent connections and improved capacity than previous networks. The high-speed, low-latency capabilities of 5G technology will significantly enhance the connectivity and data transfer capabilities of IoT devices, providing a robust foundation for the deployment of AI-driven applications. For instance, in June 2022, according to reports published by 5G Americas., a US-based telecommunications service company, global 5G connections reached 701 million in Q1 2022, up 17% from Q4 2021, and are expected to reach 4.8 billion by the end of 2026. Therefore, the 5G network expansion is driving the growth of artificial intelligence (AI) in IoT market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=13579&type=smp
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)
Major companies operating in the artificial intelligence (AI) in IoT market are focusing on introducing innovative solutions to increase their profitability in the market. For instance, in October 2022, Checkpoint Software Technologies Ltd., an Israel-based software company, introduced Check Point Quantum Titan, a new release of the Check Point Quantum cybersecurity platform, designed to provide faster, AI-enabled network security and advanced threat prevention for on-premise, cloud, and IoT applications. It includes AI-enabled network security, advanced threat prevention, IoT security and ultra-scalable protections, that help to prevent cyberattacks.
The artificial intelligence (ai) in iot market report table of contents includes:
…….
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Dry eye products refer to products that provide relief and alleviate the…
Overview and Scope Medical foods for orphan diseases refer to specialized nutritional products specifically formulated…
Overview and Scope Lyophilization services for biopharmaceuticals refer to freeze-drying biopharmaceutical products to enhance their…
Overview and Scope A medical food for inborn errors of metabolism refers to dietary supplements…
Overview and Scope A luxury electric vehicle is often a high-end automobile with luxurious features…
Overview and Scope Lung cancer diagnosis and screening refers to using examinations and techniques to…