What is the current size and annual growth rate of the generative ai in iot market?
The generative AI in IoT market size has grown exponentially in recent years. It will grow from $1.58 $ billion in 2024 to $2.03 $ billion in 2025 at a compound annual growth rate (CAGR) of 28.3%. The growth in the historic period can be attributed to increased IoT device adoption, demand for enhanced security, need for improved operational efficiency, advancements in AI technology, growing data volumes, increased focus on predictive maintenance, evolution of cloud computing.
The generative AI in IoT market size is expected to see exponential growth in the next few years. It will grow to $5.47 $ billion in 2029 at a compound annual growth rate (CAGR) of 28.1%. The growth in the forecast period can be attributed to rising complexity of IoT systems, integration of AI with edge computing, expansion of smart cities initiatives, increased investment in AI research and development, advancements in natural language processing, growing emphasis on personalization, enhanced AI regulation and standards. Major trends in the forecast period include advancement in AI algorithms, integration of generative AI with 5g technology, growth of autonomous systems, expansion of AI-powered analytics, emergence of edge AI solutions, increase in AI-driven personalization features, focus on energy efficiency.
Get Your Free Sample of The Global Generative AI in IoT Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19462&type=smp
Which major factors have contributed to the expansion of the generative ai in iot market?
The escalating demand for anomaly detection in IoT networks is expected to propel the growth of generative AI in the IoT market going forward. Anomaly detection in IoT networks refers to the process of identifying unusual patterns or behaviors in data collected from Internet of Things devices. The increasing demand for anomaly detection in IoT networks is due to the need for enhanced security, early problem detection, and the ability to maintain the reliability and efficiency of connected systems. generative AI in IoT networks enhances anomaly detection by using advanced algorithms to identify unusual patterns and behaviors, thereby improving security, reducing downtime, optimizing system performance, and supporting proactive maintenance and decision-making. For instance, in April 2023, according to a report by Check Point, an Israel-based software security provider, the first two months of 2023 witnessed a 41% increase in the average number of weekly attacks per organization targeting IoT devices compared to 2022. On average, 54% of organizations experience attempted cyber-attacks on IoT devices each week. Therefore, an escalating demand for anomaly detection in IoT networks is driving the generation of AI in the IoT market.
How is the generative ai in iot market segmented?
The generative AI in IoT market covered in this report is segmented –
1) By Technology Providers: Established AI Technology Companies, IoT Platform Providers, Cloud Service Providers, Specialized Generative AI Startups
2) By Deployment Mode: On Device, Cloud Based
3) By Application: Anomaly Detection, Predictive Maintenance, Adaptive Control, Resource Optimization, Personalized Services, Contextual Decision Making
4) By Industry Vertical: Manufacturing, Healthcare, Transportation, Agriculture, Other Industries
Subsegments:
1) By Established AI Technology Companies: Major AI Solution Providers, Global Tech Enterprises, AI-Focused Research Labs, AI Hardware Providers
2) By IoT Platform Providers: End-to-End IoT Platform Vendors, IoT Device Management Providers, Edge Computing Platform Providers, Connectivity Management Solutions
3) By Cloud Service Providers: Cloud Infrastructure Providers, Cloud-Based AI And ML Service Providers, Hybrid Cloud Solution Providers
4) By Specialized Generative AI Startups: Niche AI Startups Focused On IoT Integration, Emerging AI-Driven IoT Solutions Companies, Vertical-Specific AI Startups, Edge AI And Analytics Startups
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/generative-ai-in-iot-global-market-report
Who are the top competitors in the generative ai in iot market?
Major companies operating in the generative AI in IoT market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Bosch Group, Huawei Technologies Co. Ltd., Amazon Web Services Inc. (AWS), Siemens AG, General Electric Company (GE), Intel Corporation, Accenture plc, International Business Machines Corporation (IBM), Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, Fujitsu Limited, NVIDIA Corporation, Keysight Technologies Inc, Fortinet, Inc, Hitachi Vantara LLC, PTC Inc., Palantir Technologies Inc., Temenos AG, C3.AI inc.
Which key trends are expected to influence the generative ai in iot market in the coming years?
Major companies operating in the generative AI in IoT market are focusing on developing technologically advanced solutions, such as AI IoT security assistants, to enhance operational efficiency, simplify complex tasks, and address the cybersecurity skills gap by leveraging generative AI technology. AI-driven security assistants enhance cybersecurity by providing real-time analysis of security events, automating threat identification, and generating actionable insights to mitigate risks. For instance, in May 2024, Fortinet Inc., a US-based cybersecurity company, launched its first generative AI IoT security assistant as part of its expanded GenAI network and security operations capabilities. This new service integrates FortiAI, Fortinet’s advanced context-aware AI assistant, to enhance network and security management. The AI assistant supports natural language queries, enabling IT and security teams to perform tasks such as GenAI-assisted scripting, IoT vulnerability detection, and simplified threat analysis. This solution addresses the cybersecurity skills gap and streamlines operations by making complex tasks more accessible and faster to execute.
Which regional trends are influencing the generative ai in iot market, and which area dominates the industry?
North America was the largest region in the generative AI in IoT market in 2024. The regions covered in the generative AI in IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Generative AI in IoT Market Report 2025 Offer?
The generative ai in iot market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Generative artificial intelligence (AI) in the Internet of Things (IoT) refers to the application of advanced AI models to create, predict, and optimize data and processes within the Internet of Things ecosystems. This integration leads to increased efficiency, reduced operational costs, and the development of innovative IoT solutions tailored to specific industry needs.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19462
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
