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PUBLISHER: KBV Research | PRODUCT CODE: 1544307
PUBLISHER: KBV Research | PRODUCT CODE: 1544307
LAMEA 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 Latin America, Middle East and Africa AI In IoT Market would witness market growth of 27.4% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA AI in IoT Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,345.4 million by 2031. The Argentina market is showcasing a CAGR of 28.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 27% during (2024 - 2031).
AI in IoT enables personalized experiences by analyzing user data and preferences. Smart home devices, for example, can adjust settings based on user behaviour, creating a more customized living environment. In retail, AI-driven IoT systems provide insights into customer behaviour and preferences, allowing businesses to offer tailored recommendations and promotions, thereby improving customer engagement.
Moreover, AI enhances the scalability of IoT systems by enabling intelligent data processing and management across large networks of devices. This is particularly beneficial for expanding smart city infrastructure or large-scale industrial applications. AI-powered IoT systems can adapt to changing conditions and requirements. For example, smart energy grids can adjust to varying energy demands and incorporate renewable energy sources more effectively.
Investments in logistics drive the need for better supply chain visibility. AI-powered IoT solutions provide real-time tracking and monitoring of shipments, improving transparency and efficiency in the logistics network. According to the UAE government, the Middle East logistics sector is expected to reach USD 66.3 billion by 2020. The sector saw the highest amount of funding raised in the MENA region in 2019. The UAE's growing logistics sector requires advanced fleet management solutions.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA AI in IoT Market, by Technology
- 1.4.2 LAMEA AI in IoT Market, by Component
- 1.4.3 LAMEA AI in IoT Market, by Vertical
- 1.4.4 LAMEA 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. LAMEA AI in IoT Market by Technology
- 5.1 LAMEA Machine Learning & Deep Learning Market by Country
- 5.2 LAMEA Natural Language Processing (NLP) Market by Country
Chapter 6. LAMEA AI in IoT Market by Component
- 6.1 LAMEA Platform Market by Country
- 6.2 LAMEA Software Market by Country
- 6.3 LAMEA Services Market by Country
Chapter 7. LAMEA AI in IoT Market by Vertical
- 7.1 LAMEA Manufacturing Market by Country
- 7.2 LAMEA Healthcare Market by Country
- 7.3 LAMEA BFSI Market by Country
- 7.4 LAMEA IT & Telecom Market by Country
- 7.5 LAMEA Retail & E-commerce Market by Country
- 7.6 LAMEA Energy & Utilities Market by Country
- 7.7 LAMEA Transportation & Logistics Market by Country
- 7.8 LAMEA Others Market by Country
Chapter 8. LAMEA AI in IoT Market by Country
- 8.1 Brazil AI in IoT Market
- 8.1.1 Brazil AI in IoT Market by Technology
- 8.1.2 Brazil AI in IoT Market by Component
- 8.1.3 Brazil AI in IoT Market by Vertical
- 8.2 Argentina AI in IoT Market
- 8.2.1 Argentina AI in IoT Market by Technology
- 8.2.2 Argentina AI in IoT Market by Component
- 8.2.3 Argentina AI in IoT Market by Vertical
- 8.3 UAE AI in IoT Market
- 8.3.1 UAE AI in IoT Market by Technology
- 8.3.2 UAE AI in IoT Market by Component
- 8.3.3 UAE AI in IoT Market by Vertical
- 8.4 Saudi Arabia AI in IoT Market
- 8.4.1 Saudi Arabia AI in IoT Market by Technology
- 8.4.2 Saudi Arabia AI in IoT Market by Component
- 8.4.3 Saudi Arabia AI in IoT Market by Vertical
- 8.5 South Africa AI in IoT Market
- 8.5.1 South Africa AI in IoT Market by Technology
- 8.5.2 South Africa AI in IoT Market by Component
- 8.5.3 South Africa AI in IoT Market by Vertical
- 8.6 Nigeria AI in IoT Market
- 8.6.1 Nigeria AI in IoT Market by Technology
- 8.6.2 Nigeria AI in IoT Market by Component
- 8.6.3 Nigeria AI in IoT Market by Vertical
- 8.7 Rest of LAMEA AI in IoT Market
- 8.7.1 Rest of LAMEA AI in IoT Market by Technology
- 8.7.2 Rest of LAMEA AI in IoT Market by Component
- 8.7.3 Rest of LAMEA 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
- 9.4.1 Regional Analysis
- 9.4.2 Research & Development Expense
- 9.4.3 Recent strategies and developments:
- 9.4.3.1 Partnerships, Collaborations, and Agreements:
- 9.4.3.2 Acquisition and Mergers:
- 9.4.4 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 LAMEA AI in IoT Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA 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 LAMEA AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 7 LAMEA AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 8 LAMEA Machine Learning & Deep Learning Market by Country, 2020 - 2023, USD Million
- TABLE 9 LAMEA Machine Learning & Deep Learning Market by Country, 2024 - 2031, USD Million
- TABLE 10 LAMEA Natural Language Processing (NLP) Market by Country, 2020 - 2023, USD Million
- TABLE 11 LAMEA Natural Language Processing (NLP) Market by Country, 2024 - 2031, USD Million
- TABLE 12 LAMEA AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 13 LAMEA AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 14 LAMEA Platform Market by Country, 2020 - 2023, USD Million
- TABLE 15 LAMEA Platform Market by Country, 2024 - 2031, USD Million
- TABLE 16 LAMEA Software Market by Country, 2020 - 2023, USD Million
- TABLE 17 LAMEA Software Market by Country, 2024 - 2031, USD Million
- TABLE 18 LAMEA Services Market by Country, 2020 - 2023, USD Million
- TABLE 19 LAMEA Services Market by Country, 2024 - 2031, USD Million
- TABLE 20 LAMEA AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 21 LAMEA AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 22 LAMEA Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 23 LAMEA Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 24 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 25 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 26 LAMEA BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 27 LAMEA BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 28 LAMEA IT & Telecom Market by Country, 2020 - 2023, USD Million
- TABLE 29 LAMEA IT & Telecom Market by Country, 2024 - 2031, USD Million
- TABLE 30 LAMEA Retail & E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 31 LAMEA Retail & E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 32 LAMEA Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 33 LAMEA Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 34 LAMEA Transportation & Logistics Market by Country, 2020 - 2023, USD Million
- TABLE 35 LAMEA Transportation & Logistics Market by Country, 2024 - 2031, USD Million
- TABLE 36 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 37 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 38 LAMEA AI in IoT Market by Country, 2020 - 2023, USD Million
- TABLE 39 LAMEA AI in IoT Market by Country, 2024 - 2031, USD Million
- TABLE 40 Brazil AI in IoT Market, 2020 - 2023, USD Million
- TABLE 41 Brazil AI in IoT Market, 2024 - 2031, USD Million
- TABLE 42 Brazil AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 43 Brazil AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 44 Brazil AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 45 Brazil AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 46 Brazil AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 47 Brazil AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 48 Argentina AI in IoT Market, 2020 - 2023, USD Million
- TABLE 49 Argentina AI in IoT Market, 2024 - 2031, USD Million
- TABLE 50 Argentina AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 51 Argentina AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 52 Argentina AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 53 Argentina AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 54 Argentina AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 55 Argentina AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 56 UAE AI in IoT Market, 2020 - 2023, USD Million
- TABLE 57 UAE AI in IoT Market, 2024 - 2031, USD Million
- TABLE 58 UAE AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 59 UAE AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 60 UAE AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 61 UAE AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 62 UAE AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 63 UAE AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 64 Saudi Arabia AI in IoT Market, 2020 - 2023, USD Million
- TABLE 65 Saudi Arabia AI in IoT Market, 2024 - 2031, USD Million
- TABLE 66 Saudi Arabia AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 67 Saudi Arabia AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 68 Saudi Arabia AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 69 Saudi Arabia AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 70 Saudi Arabia AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 71 Saudi Arabia AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 72 South Africa AI in IoT Market, 2020 - 2023, USD Million
- TABLE 73 South Africa AI in IoT Market, 2024 - 2031, USD Million
- TABLE 74 South Africa AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 75 South Africa AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 76 South Africa AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 77 South Africa AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 78 South Africa AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 79 South Africa AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 80 Nigeria AI in IoT Market, 2020 - 2023, USD Million
- TABLE 81 Nigeria AI in IoT Market, 2024 - 2031, USD Million
- TABLE 82 Nigeria AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 83 Nigeria AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 84 Nigeria AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 85 Nigeria AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 86 Nigeria AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 87 Nigeria AI in IoT Market by Vertical, 2024 - 2031, USD Million
- TABLE 88 Rest of LAMEA AI in IoT Market, 2020 - 2023, USD Million
- TABLE 89 Rest of LAMEA AI in IoT Market, 2024 - 2031, USD Million
- TABLE 90 Rest of LAMEA AI in IoT Market by Technology, 2020 - 2023, USD Million
- TABLE 91 Rest of LAMEA AI in IoT Market by Technology, 2024 - 2031, USD Million
- TABLE 92 Rest of LAMEA AI in IoT Market by Component, 2020 - 2023, USD Million
- TABLE 93 Rest of LAMEA AI in IoT Market by Component, 2024 - 2031, USD Million
- TABLE 94 Rest of LAMEA AI in IoT Market by Vertical, 2020 - 2023, USD Million
- TABLE 95 Rest of LAMEA 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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