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.
Free Valuable Insights: The Global AI In IoT Market will Hit USD 66.1 Billion by 2031, at a CAGR of 24.5%
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
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
3.2 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
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
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe AI in IoT Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting AI in IoT Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Feb – 2024, Aug) Leading Players
FIG 8 Porter’s Five Forces Analysis – AI In IoT Market
FIG 9 Europe AI in IoT Market share by Technology, 2023
FIG 10 Europe AI in IoT Market share by Technology, 2031
FIG 11 Europe AI in IoT Market by Technology, 2020 - 2031, USD Million
FIG 12 Europe AI in IoT Market share by Component, 2023
FIG 13 Europe AI in IoT Market share by Component, 2031
FIG 14 Europe AI in IoT Market by Component, 2020 - 2031, USD Million
FIG 15 Europe AI in IoT Market share by Vertical, 2023
FIG 16 Europe AI in IoT Market share by Vertical, 2031
FIG 17 Europe AI in IoT Market by Vertical, 2020 - 2031, USD Million
FIG 18 Europe AI in IoT Market share by Country, 2023
FIG 19 Europe AI in IoT Market share by Country, 2031
FIG 20 Europe AI in IoT Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: Salesforce, Inc.
FIG 22 SWOT analysis: Softweb Solutions Inc.
FIG 23 SWOT Analysis: Amazon Web Services, Inc.
FIG 24 Recent strategies and developments: SAP SE
FIG 25 SWOT Analysis: SAP SE
FIG 26 Recent strategies and developments: SAS Institute Inc.
FIG 27 SWOT Analysis: SAS INSTITUTE, INC.
FIG 28 Swot Analysis: Hitachi, Ltd.
FIG 29 SWOT Analysis: Oracle Corporation
FIG 30 SWOT Analysis: Google LLC
FIG 31 Recent strategies and developments: PTC, Inc.
FIG 32 Swot Analysis: PTC, Inc.
FIG 33 Recent strategies and developments: IBM Corporation
FIG 34 SWOT Analysis: IBM Corporation
FIG 35 Recent strategies and developments: Cisco Systems, Inc.
FIG 36 SWOT Analysis: Cisco Systems, Inc.
FIG 37 Recent strategies and developments: Microsoft Corporation
FIG 38 SWOT Analysis: Microsoft Corporation
FIG 39 Recent strategies and developments: Siemens AG
FIG 40 SWOT Analysis: Siemens AG