Valued to be $21.7 Billion by 2026, Artificial Intelligence (AI) in IoT Slated for Robust Growth Worldwide

SAN FRANCISCO, Aug. 26, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Artificial Intelligence (AI) in IoT - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 133863
Companies: 334 - Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Component (Platforms, Software Solutions, Services); Technology (Machine Learning & Deep Learning, Natural Language Processing)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) in IoT Market to Reach $21.7 Billion by 2026
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$21.7 Billion by 2026, growing at a CAGR of 22.8% over the analysis period. 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 a thorough 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 $2.4 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Artificial Intelligence (AI) in IoT market in the U.S. is estimated at US$2.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 22.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.1% and 19.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR.

Services Segment to Reach US$5.8 Billion by the year 2026
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. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.