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PUBLISHER: KBV Research | PRODUCT CODE: 1544305
PUBLISHER: KBV Research | PRODUCT CODE: 1544305
Europe AI In IoT Market Size, Share & Trends Analysis Report By Technology, By Component (Platform, Software, and Services), By Vertical, By Country and Growth Forecast, 2024 - 2031
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The Europe AI In IoT Market would witness market growth of 24.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe AI in IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,252.6 million by 2031. The UK market is exhibiting a CAGR of 23.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 25.1% during (2024 - 2031).
The adoption of AI in IoT is rapidly accelerating as organizations and industries recognize the significant benefits of integrating AI with IoT technologies. AI enhances IoT by enabling real-time analysis of data generated by IoT devices.
Additionally, this capability is crucial for applications that require immediate insights and responses, such as smart city traffic management or industrial process optimization. AI algorithms excel in recognizing complex patterns and trends within IoT data that traditional data processing methods might miss. This allows for more accurate predictions and informed decision-making.
European enterprises are known for adopting and developing innovative use cases for IoT, such as smart manufacturing and Industry 4.0. AI in IoT helps optimize production processes, reduce downtime, and enhance product quality, driving demand for sophisticated AI solutions. According to Eurostat, in 2021, 29 % of EU enterprises used IoT devices, mostly to keep their premises secure. In 2021, the percentage of large enterprises using the Internet of Things was 48% compared with 26% for small enterprises.
Based on Technology, the market is segmented into Machine Learning & Deep Learning, and Natural Language Processing (NLP). Based on Component, the market is segmented into Platform, Software, and Services. Based on Vertical, the market is segmented into Manufacturing, Healthcare, BFSI, IT & Telecom, Retail & E-commerce, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Salesforce, Inc.
- Softweb Solutions Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- SAP SE
- SAS Institute Inc.
- Hitachi Digital Services, LLC (Hitachi Ltd.)
- Oracle Corporation
- Google LLC
- PTC, Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Microsoft Corporation
- Siemens AG
Europe AI In IoT Market Report Segmentation
By Technology
- Machine Learning & Deep Learning
- Natural Language Processing (NLP)
By Component
- Platform
- Software
- Services
By Vertical
- Manufacturing
- Healthcare
- BFSI
- IT & Telecom
- Retail & E-commerce
- Energy & Utilities
- Transportation & Logistics
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe AI in IoT Market, by Technology
- 1.4.2 Europe AI in IoT Market, by Component
- 1.4.3 Europe AI in IoT Market, by Vertical
- 1.4.4 Europe AI in IoT Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Feb - 2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. Europe AI in IoT Market by Technology
- 5.1 Europe Machine Learning & Deep Learning Market by Country
- 5.2 Europe Natural Language Processing (NLP) Market by Country
Chapter 6. Europe AI in IoT Market by Component
- 6.1 Europe Platform Market by Country
- 6.2 Europe Software Market by Country
- 6.3 Europe Services Market by Country
Chapter 7. Europe AI in IoT Market by Vertical
- 7.1 Europe Manufacturing Market by Country
- 7.2 Europe Healthcare Market by Country
- 7.3 Europe BFSI Market by Country
- 7.4 Europe IT & Telecom Market by Country
- 7.5 Europe Retail & E-commerce Market by Country
- 7.6 Europe Energy & Utilities Market by Country
- 7.7 Europe Transportation & Logistics Market by Country
- 7.8 Europe Others Market by Country
Chapter 8. Europe AI in IoT Market by Country
- 8.1 Germany AI in IoT Market
- 8.1.1 Germany AI in IoT Market by Technology
- 8.1.2 Germany AI in IoT Market by Component
- 8.1.3 Germany AI in IoT Market by Vertical
- 8.2 UK AI in IoT Market
- 8.2.1 UK AI in IoT Market by Technology
- 8.2.2 UK AI in IoT Market by Component
- 8.2.3 UK AI in IoT Market by Vertical
- 8.3 France AI in IoT Market
- 8.3.1 France AI in IoT Market by Technology
- 8.3.2 France AI in IoT Market by Component
- 8.3.3 France AI in IoT Market by Vertical
- 8.4 Russia AI in IoT Market
- 8.4.1 Russia AI in IoT Market by Technology
- 8.4.2 Russia AI in IoT Market by Component
- 8.4.3 Russia AI in IoT Market by Vertical
- 8.5 Spain AI in IoT Market
- 8.5.1 Spain AI in IoT Market by Technology
- 8.5.2 Spain AI in IoT Market by Component
- 8.5.3 Spain AI in IoT Market by Vertical
- 8.6 Italy AI in IoT Market
- 8.6.1 Italy AI in IoT Market by Technology
- 8.6.2 Italy AI in IoT Market by Component
- 8.6.3 Italy AI in IoT Market by Vertical
- 8.7 Rest of Europe AI in IoT Market
- 8.7.1 Rest of Europe AI in IoT Market by Technology
- 8.7.2 Rest of Europe AI in IoT Market by Component
- 8.7.3 Rest of Europe AI in IoT Market by Vertical
Chapter 9. Company Profiles
- 9.1 Salesforce, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Softweb Solutions Inc.
- 9.2.1 Company Overview
- 9.2.2 Recent strategies and developments:
- 9.2.2.1 Product Launches and Product Expansions:
- 9.2.3 SWOT Analysis
- 9.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Partnerships, Collaborations, and Agreements:
- 9.3.5 SWOT Analysis
- 9.4 SAP SE
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 SAS Institute, Inc.
- 9.5.1 Company Overview
- 9.5.2 Recent strategies and developments:
- 9.5.2.1 Partnerships, Collaborations, and Agreements:
- 9.5.2.2 Product Launches and Product Expansions:
- 9.5.3 SWOT Analysis
- 9.6 Hitachi Digital Services, LLC (Hitachi Ltd.)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 Oracle Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.6 SWOT Analysis
- 9.8 Google LLC (Alphabet Inc.)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.6 SWOT Analysis
- 9.9 PTC, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.5.2 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. IBM Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional & Segmental Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Acquisition and Mergers:
- 9.10.6 SWOT Analysis
- 9.11 Cisco Systems, Inc.
- 9.11.1 Company Overview
- 9.11.2 Financial Analysis
- 9.11.3 Regional Analysis
- 9.11.4 Research & Development Expense
- 9.11.5 Recent strategies and developments:
- 9.11.5.1 Partnerships, Collaborations, and Agreements:
- 9.11.5.2 Acquisition and Mergers:
- 9.11.6 SWOT Analysis
- 9.12 Microsoft Corporation
- 9.12.1 Company Overview
- 9.12.2 Financial Analysis
- 9.12.3 Segmental and Regional Analysis
- 9.12.4 Research & Development Expenses
- 9.12.5 Recent strategies and developments:
- 9.12.5.1 Partnerships, Collaborations, and Agreements:
- 9.12.5.2 Acquisition and Mergers:
- 9.12.6 SWOT Analysis
- 9.13 Siemens AG
- 9.13.1 Company Overview
- 9.13.2 Financial Analysis
- 9.13.3 Segmental and Regional Analysis
- 9.13.4 Research & Development Expense
- 9.13.5 Recent strategies and developments:
- 9.13.5.1 Partnerships, Collaborations, and Agreements:
- 9.13.5.2 Product Launches and Product Expansions:
- 9.13.5.3 Acquisition and Mergers:
- 9.13.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 Europe AI in IoT Market, 2020 - 2023, USD Million
- TABLE 2 Europe AI in IoT Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- AI In IoT Market
- TABLE 4 Product Launches And Product Expansions- AI In IoT Market
- TABLE 5 Acquisition and Mergers- AI In IoT Market
- TABLE 6 Europe AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 7 Europe AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 8 Europe Machine Learning & Deep Learning Market by Country, 2020 - 2023, USD Million
- TABLE 9 Europe Machine Learning & Deep Learning Market by Country, 2024 - 2031, USD Million
- TABLE 10 Europe Natural Language Processing (NLP) Market by Country, 2020 - 2023, USD Million
- TABLE 11 Europe Natural Language Processing (NLP) Market by Country, 2024 - 2031, USD Million
- TABLE 12 Europe AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 13 Europe AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 14 Europe Platform Market by Country, 2020 - 2023, USD Million
- TABLE 15 Europe Platform Market by Country, 2024 - 2031, USD Million
- TABLE 16 Europe Software Market by Country, 2020 - 2023, USD Million
- TABLE 17 Europe Software Market by Country, 2024 - 2031, USD Million
- TABLE 18 Europe Services Market by Country, 2020 - 2023, USD Million
- TABLE 19 Europe Services Market by Country, 2024 - 2031, USD Million
- TABLE 20 Europe AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 21 Europe AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 22 Europe Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 23 Europe Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 24 Europe Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 25 Europe Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 26 Europe BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 27 Europe BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 28 Europe IT & Telecom Market by Country, 2020 - 2023, USD Million
- TABLE 29 Europe IT & Telecom Market by Country, 2024 - 2031, USD Million
- TABLE 30 Europe Retail & E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 31 Europe Retail & E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 32 Europe Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 33 Europe Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 34 Europe Transportation & Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 35 Europe Transportation & Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 36 Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 37 Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 38 Europe AI in IoT Market by Country, 2020 - 2023, USD Million
- TABLE 39 Europe AI in IoT Market by Country, 2024 - 2031, USD Million
- TABLE 40 Germany AI in IoT Market, 2020 - 2023, USD Million
- TABLE 41 Germany AI in IoT Market, 2024 - 2031, USD Million
- TABLE 42 Germany AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 43 Germany AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 44 Germany AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 45 Germany AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 46 Germany AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 47 Germany AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 48 UK AI in IoT Market, 2020 - 2023, USD Million
- TABLE 49 UK AI in IoT Market, 2024 - 2031, USD Million
- TABLE 50 UK AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 51 UK AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 52 UK AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 53 UK AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 54 UK AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 55 UK AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 56 France AI in IoT Market, 2020 - 2023, USD Million
- TABLE 57 France AI in IoT Market, 2024 - 2031, USD Million
- TABLE 58 France AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 59 France AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 60 France AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 61 France AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 62 France AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 63 France AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 64 Russia AI in IoT Market, 2020 - 2023, USD Million
- TABLE 65 Russia AI in IoT Market, 2024 - 2031, USD Million
- TABLE 66 Russia AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 67 Russia AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 68 Russia AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 69 Russia AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 70 Russia AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 71 Russia AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 72 Spain AI in IoT Market, 2020 - 2023, USD Million
- TABLE 73 Spain AI in IoT Market, 2024 - 2031, USD Million
- TABLE 74 Spain AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 75 Spain AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 76 Spain AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 77 Spain AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 78 Spain AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 79 Spain AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 80 Italy AI in IoT Market, 2020 - 2023, USD Million
- TABLE 81 Italy AI in IoT Market, 2024 - 2031, USD Million
- TABLE 82 Italy AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 83 Italy AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 84 Italy AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 85 Italy AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 86 Italy AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 87 Italy AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 88 Rest of Europe AI in IoT Market, 2020 - 2023, USD Million
- TABLE 89 Rest of Europe AI in IoT Market, 2024 - 2031, USD Million
- TABLE 90 Rest of Europe AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 91 Rest of Europe AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 92 Rest of Europe AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 93 Rest of Europe AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 94 Rest of Europe AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 95 Rest of Europe AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 96 Key Information - Salesforce, Inc.
- TABLE 97 Key Information - Softweb Solutions Inc.
- TABLE 98 Key Information - Amazon Web Services, Inc.
- TABLE 99 Key Information - SAP SE
- TABLE 100 Key Information - SAS Institute, Inc.
- TABLE 101 Key Information - Hitachi Digital Services, LLC
- TABLE 102 Key Information - Oracle Corporation
- TABLE 103 Key Information - Google LLC
- TABLE 104 key Information - PTC, Inc.
- TABLE 105 Key Information - IBM Corporation
- TABLE 106 Key Information - Cisco Systems, Inc.
- TABLE 107 Key Information - Microsoft Corporation
- TABLE 108 Key Information - Siemens AG
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