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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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    Report

  • 164 Pages
  • August 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5997326
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 $1.34 billion 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

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
3.2 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,
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

Companies Mentioned

  • 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

Methodology

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