AI in IoT Market Size, Share, and Trends 2024 to 2034

The global AI in IoT market size is calculated at USD 93.12 billion in 2025 and is forecasted to reach around USD 161.93 billion by 2034, accelerating at a CAGR of 6.35% from 2025 to 2034. The North America AI in IoT market size surpassed USD 28.88 billion in 2024 and is expanding at a CAGR of 6.38% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 4553
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on AI in IoT Market 

5.1. COVID-19 Landscape: AI in IoT Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global AI in IoT Market, By Component

8.1. AI in IoT Market, by Component

8.1.1. Platform

8.1.1.1. Market Revenue and Forecast

8.1.2. Services

8.1.2.1. Market Revenue and Forecast

8.1.3. Software

8.1.3.1. Market Revenue and Forecast

Chapter 9. Global AI in IoT Market, By End-user

9.1. AI in IoT Market, by End-user

9.1.1. Banking, Financial Services, & Insurance

9.1.1.1. Market Revenue and Forecast

9.1.2. IT And Telecommunication

9.1.2.1. Market Revenue and Forecast

9.1.3. Energy & Utilities

9.1.3.1. Market Revenue and Forecast

9.1.4. Healthcare Sector

9.1.4.1. Market Revenue and Forecast

9.1.5. Manufacturing Industry

9.1.5.1. Market Revenue and Forecast

Chapter 10. Global AI in IoT Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Component

10.1.2. Market Revenue and Forecast, by End-user

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Component

10.1.3.2. Market Revenue and Forecast, by End-user

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Component

10.1.4.2. Market Revenue and Forecast, by End-user

10.2. Europe

10.2.1. Market Revenue and Forecast, by Component

10.2.2. Market Revenue and Forecast, by End-user

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Component

10.2.3.2. Market Revenue and Forecast, by End-user

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Component

10.2.4.2. Market Revenue and Forecast, by End-user

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Component

10.2.5.2. Market Revenue and Forecast, by End-user

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Component

10.2.6.2. Market Revenue and Forecast, by End-user

10.3. APAC

10.3.1. Market Revenue and Forecast, by Component

10.3.2. Market Revenue and Forecast, by End-user

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Component

10.3.3.2. Market Revenue and Forecast, by End-user

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Component

10.3.4.2. Market Revenue and Forecast, by End-user

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Component

10.3.5.2. Market Revenue and Forecast, by End-user

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Component

10.3.6.2. Market Revenue and Forecast, by End-user

10.4. MEA

10.4.1. Market Revenue and Forecast, by Component

10.4.2. Market Revenue and Forecast, by End-user

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Component

10.4.3.2. Market Revenue and Forecast, by End-user

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Component

10.4.4.2. Market Revenue and Forecast, by End-user

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Component

10.4.5.2. Market Revenue and Forecast, by End-user

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Component

10.4.6.2. Market Revenue and Forecast, by End-user

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Component

10.5.2. Market Revenue and Forecast, by End-user

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Component

10.5.3.2. Market Revenue and Forecast, by End-user

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Component

10.5.4.2. Market Revenue and Forecast, by End-user

Chapter 11. Company Profiles

11.1. Google LLC

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. SAP SE

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. PTC Inc.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Salesforce, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Hitachi Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Softweb Solutions Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Amazon Web Services Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. IBM Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. SAS Institute Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Oracle Corporation

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global AI in IoT market size is expected to increase USD 161.93 billion by 2034 from USD 87.51 billion in 2024.

The AI in IoT market is anticipated to grow at a CAGR of over 6.35% between 2025 and 2034

The major players operating in the AI in IoT market are Google LLC, SAP SE, PTC Inc., Salesforce, Inc., Hitachi Ltd., Softweb Solutions Inc., Amazon Web Services Inc., IBM Corporation, SAS Institute Inc., Oracle Corporation, Other Key Players, and Others.

The driving factors of the AI in IoT market are the rising big data volume, growing technological advancements, and rising utilization of AI to improve data management and analytics.

North America region will lead the global AI in IoT market during the forecast period 2025 to 2034.

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