What Is The Artificial Intelligence Of Things? When AI Meets IoT
The requirement to efficiently process huge volumes of real-time data being generated from IoT devices and reduce maintenance cost and downtime are some of the major factors driving the growth of artificial intelligence in IoT Market. However, expensive cost and lack of knowledge among consumers are the major factors which may restrain the growth of artificial intelligence in IoT Market. Nevertheless, advancement in technologies is anticipated to create new opportunities for artificial intelligence in IoT Market.
Click For Sample Copy of Artificial Intelligence in IoT
Internet of things artificial intelligence is a combination of connecting the device to the internet and other connected devices and analyzing the big data and provide the required amount of data to the device, respectively. Due to the use of AI in IoT, data analyzing and analytics problems are being solved as it is done by AI in a better way. Moreover, the need to process vast volumes of real-time data generated by IoT appliance is expected to create new opportunities for Artificial Intelligence in IoT Market
The global artificial intelligence in IoT market is segmented on the basis of technology, component, end user industry. On the basis of technology, the market is segmented as machine learning, natural language processing, image processing, speech recognition. On the basis of component, the market is segmented as software, platform, services. On the basis of end user industry, the market is segmented as BFSI, energy and utilities, manufacturing, retail, transportation and mobility, others.
The Prominent Players of the Market :Google, Cisco, IBM, Microsoft, Apple, Salesforce
Infineon Technologies AG, Intel Security Group, NVIDIA, Amazon
The reports cover key developments in the artificial intelligence in IoT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations.
These activities have paved way for expansion of business and customer base of market players. The market players from artificial intelligence in IoT market are anticipated to lucrative growth opportunities in the future with the rising demand for artificial intelligence in IoT market. Below mentioned is the list of few companies engaged in the artificial intelligence in IoT market.