Artificial intelligence in IOT Market competitive analysis & industry trends

Artificial intelligence in IoT Market is projected to grow up to USD 11.29 billion by 2027 growing at a CAGR of 20.9% during the forecasting period 2021-2027.

Internet of things (IOT) Artificial intelligence is a combination of connecting a device to the internet and other connected devices, analyzing large amounts of data, and providing the device with the appropriate amount of data, as needed, to function properly. Because of the use of artificial intelligence in the Internet of Things, data analyzing and analytics problems are being solved more effectively because AI does it in a more efficient manner. Furthermore, the need to process massive volumes of real-time data generated by IoT appliances is expected to open up new opportunities for Artificial Intelligence in the IoT Market in the near future. The need to efficiently process massive volumes of real-time data generated by Internet of Things devices, as well as the desire to reduce maintenance costs and downtime, are expected to be the primary drivers of the market.

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AI in IoT Market report has been categorized as below 

By Components

• Platforms

• Software Solutions

• Services

  • Professional Services

    • Deployment and Integration

    • Support and Maintenance

    • Training and Consulting

  • Managed Services

By Technologies

• ML and Deep Learning

• NLP

By Verticals

• Manufacturing

• Energy and Utilities

• Transportation and Mobility

• BFSI

• Government and Defense

• Retail

• Healthcare and Life Sciences

• Telecom

• Others 

By Region

• North America

• Europe

• Asia Pacific

• Rest of the World

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