AI in IoT market to grow at a CAGR of 24.7%
According to Technavio, the global AI in IoT market size is estimated to grow by USD 16,087.7 million from 2022 to 2027.
In 2017, the market was valued at USD 3,536.67 million. APAC will account for 34% of the market growth during the forecast period. For more Insights on market size Request a sample report
The market growth in the BFSI segment will be significant during the forecast period. The use of AI in IoT in banks enhances the traditional banking model and provides access to real-time data. It also allows devices to connect to the internet and one another and helps financial companies save a lot of time and money by gathering and transferring data. Many such benefits are driving the growth of the BFSI segment.
By geography, the global AI in IoT market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global AI in IoT market.
In 2017, the market was valued at USD 3,536.67 million. APAC will account for 34% of the market growth during the forecast period. For more Insights on market size Request a sample report
The market growth in the BFSI segment will be significant during the forecast period. The use of AI in IoT in banks enhances the traditional banking model and provides access to real-time data. It also allows devices to connect to the internet and one another and helps financial companies save a lot of time and money by gathering and transferring data. Many such benefits are driving the growth of the BFSI segment.
By geography, the global AI in IoT market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global AI in IoT market.
No comments: