Product Code: MCP21182
Abstract:
Global Artificial Intelligence (AI) in IoT Market to Reach $26.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in IoT estimated at US$6.2 Billion in the year 2020, is projected to reach a revised size of US$26.2 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$10.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, 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 $1.9 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$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 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 19.7% 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$1.3 Billion in the year 2020 will reach a projected size of US$5.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027.
Select Competitors (Total 37 Featured) -
- Anagog
- Arundo
- Autoplant Systems India Pvt. Ltd.
- AWS
- C3 IoT
- GE
- Google
- Hitachi
- IBM
- Imagimob
- Kairos
- Microsoft
- Oracle
- PTC
- Salesforce
- SAP
- SAS
- Softweb Solutions
- Thingstel
- Uptake
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Current & Future Analysis for Artificial Intelligence (AI) in IoT by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 2: World 7-Year Perspective for Artificial Intelligence (AI) in IoT by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- TABLE 3: World Current & Future Analysis for Platforms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 4: World 7-Year Perspective for Platforms by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 5: World Current & Future Analysis for Software Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 6: World 7-Year Perspective for Software Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 7: World Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 8: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 9: World Current & Future Analysis for Machine Learning & Deep Learning by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 10: World 7-Year Perspective for Machine Learning & Deep Learning by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- TABLE 11: World Current & Future Analysis for Natural Language Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 12: World 7-Year Perspective for Natural Language Processing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
- UNITED STATES
- TABLE 13: USA Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 14: USA 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 15: USA Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 16: USA 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- CANADA
- TABLE 17: Canada Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 18: Canada 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 19: Canada Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 20: Canada 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- JAPAN
- TABLE 21: Japan Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 22: Japan 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 23: Japan Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 24: Japan 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- CHINA
- TABLE 25: China Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 26: China 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 27: China Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 28: China 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- EUROPE
- TABLE 29: Europe Current & Future Analysis for Artificial Intelligence (AI) in IoT by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- TABLE 30: Europe 7-Year Perspective for Artificial Intelligence (AI) in IoT by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- TABLE 31: Europe Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 32: Europe 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 33: Europe Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 34: Europe 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- FRANCE
- TABLE 35: France Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 36: France 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 37: France Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 38: France 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- GERMANY
- TABLE 39: Germany Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 40: Germany 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 41: Germany Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 42: Germany 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- ITALY
- TABLE 43: Italy Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 44: Italy 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 45: Italy Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 46: Italy 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- UNITED KINGDOM
- TABLE 47: UK Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 48: UK 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 49: UK Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 50: UK 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- REST OF EUROPE
- TABLE 51: Rest of Europe Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 52: Rest of Europe 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 53: Rest of Europe Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 54: Rest of Europe 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- ASIA-PACIFIC
- TABLE 55: Asia-Pacific Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 56: Asia-Pacific 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 57: Asia-Pacific Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 58: Asia-Pacific 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
- REST OF WORLD
- TABLE 59: Rest of World Current & Future Analysis for Artificial Intelligence (AI) in IoT by Component - Platforms, Software Solutions and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 60: Rest of World 7-Year Perspective for Artificial Intelligence (AI) in IoT by Component - Percentage Breakdown of Value Sales for Platforms, Software Solutions and Services for the Years 2020 & 2027
- TABLE 61: Rest of World Current & Future Analysis for Artificial Intelligence (AI) in IoT by Technology - Machine Learning & Deep Learning and Natural Language Processing - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- TABLE 62: Rest of World 7-Year Perspective for Artificial Intelligence (AI) in IoT by Technology - Percentage Breakdown of Value Sales for Machine Learning & Deep Learning and Natural Language Processing for the Years 2020 & 2027
IV. COMPETITION
- Total Companies Profiled: 37