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2024 AI & IoT Technology Research Review

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    Report

  • 154 Pages
  • March 2025
  • Region: Global
  • BCC Research
  • ID: 6059438
The Industrial IoT (IIoT) market is expanding as businesses leverage connected devices and smart automation to optimize manufacturing, logistics, and supply chain operations. These advancements in AI and IoT are driving digital transformation across industries, enabling businesses to enhance decision-making, reduce costs, and maintain a competitive edge in the global market.
  • The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
  • The global market for AI Technology in the Oil and Gas Sector is estimated to increase from $2.8 billion in 2023 to reach $5.1 billion by 2028, at a CAGR of 12.9% from 2023 through 2028.
  • The global market for artificial intelligence (AI) in life sciences products was valued at $8.0 billion in 2023. The market is estimated to grow from $9.8 billion in 2024 to $33.5 billion by the end of 2029, at a CAGR of 27.9% from 2024 to 2029.

Research Review Scope

Artificial Intelligence (AI) and the Internet of Things (IoT) are revolutionizing industries by enhancing automation, optimizing operations, and improving efficiency. The global AI market is witnessing significant investment as businesses recognize its potential to drive innovation, streamline processes, and create new revenue opportunities. Particularly in the oil and gas sector, AI technologies are being integrated to optimize exploration, predictive maintenance, and resource management, helping companies improve operational efficiency and reduce costs. On the other hand, AI is also making a profound impact in life sciences, transforming drug discovery, patient monitoring, and healthcare analytics. In cancer research, AI-driven solutions are enhancing early detection, diagnosis, and personalized treatment plans, leading to better patient outcomes. Furthermore, integrating AI in clinical and molecular diagnostics is advancing precision medicine by enabling faster and more accurate disease detection.

Table of Contents

Chapter 1 Foreword
  • Research Review Scope
Chapter 2 Global Artificial Intelligence (AI) Market: Investments vs Potential (IFT189C)
  • Global Artificial Intelligence (AI)
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Dynamics
  • Emerging Technologies
  • Segmental Analysis
  • Regional Analysis
  • Conclusion
  • Market Overview of Global Artificial Intelligence (AI)
  • Overview
  • Market Scenario
  • AI Autonomy Levels
  • Future Analysis
  • Market Dynamics of Global Artificial Intelligence (AI)
  • Overview
  • Market Driver
  • Market Restraint
  • Market Opportunity
  • Market Challenge
  • Regulatory Landscape
  • Overview
  • Emerging Technologies
  • Key Emerging Technologies
  • Market Breakdown of Global Artificial Intelligence (AI) by Solution Type
  • Overview
  • AI Software
  • AI Services
  • AI Hardware
  • Market Breakdown of Global Artificial Intelligence (AI) by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
  • Environmental, Social, and Governance (ESG) Perspective
  • Overview
  • Environmental Impacts
  • Social Impacts
  • Governance Impacts
  • Current Status of ESG in the AI Industry
  • Concluding Remarks
Chapter 3 AI in Oil and Gas: Global Markets and Technologies (IFT305A)
  • AI in Oil and Gas
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Overview of AI in Oil and Gas
  • Overview
  • Regulatory and Policy Framework Impacting AI Integration
  • Future Prospects
  • Geopolitical and Other Developments
  • Market Dynamics of AI in Oil and Gas
  • Overview
  • Market Driver
  • Market Restraint
  • Market Opportunity
  • Emerging Technologies and Developments
  • Overview
  • Current Market Trends
  • Emerging Technologies
  • Market Breakdown of Global Artificial Intelligence (AI) by Component
  • Overview
  • Software
  • Services
  • Hardware
  • Market Breakdown of Global Artificial Intelligence (AI) by Region
  • Overview
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Environmental, Social, and Governance (ESG) Perspective
  • Overview
  • ESG Performance in the Market for AI Technology in the Oil and Gas Sector
  • Environmental Impact
  • Social Impact
  • Governance Impact
  • Current Status of ESG in the Market for AI Technology in the Oil and Gas Sector
  • Consumers Attitude Towards ESG in the Market for AI Technology in the Oil and Gas Sector
  • Concluding Remarks
Chapter 4 Artificial Intelligence (AI) in Lifesciences Market (BIO255A)
  • Artificial Intelligence (AI) in Lifesciences
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Overview of Artificial Intelligence (AI) in Lifesciences
  • Overview
  • Artificial Intelligence in Drug Discovery
  • Artificial Intelligence in Molecular Diagnostics
  • Artificial Intelligence in Clinical Diagnostics
  • Artificial Intelligence in Clinical Trials
  • Artificial Intelligence in Precision Medicine
  • Market Dynamics of Artificial Intelligence (AI) in Lifesciences
  • Market Driver
  • Market Restraint
  • Market Opportunity
  • Market Challenge
  • Emerging Technologies and Developments
  • Introduction
  • Market Analysis of Artificial Intelligence (AI) in Lifesciences by Product
  • Software
  • Services
  • Market Analysis of Artificial Intelligence (AI) in Lifesciences by Region
  • Global
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 5 Artificial Intelligence (AI) in Cancer (BIO196B)
  • Artificial Intelligence (AI) in Cancer
  • Market Outlook
  • Scope of Report
  • Market Insights
  • Market Overview of Artificial Intelligence (AI) in Cancer
  • Overview
  • Current and Emerging Applications of AI in Cancer
  • Market Dynamics of Artificial Intelligence (AI) in Cancer
  • Market Driver
  • Market Restraint
  • Market Opportunity
  • Emerging Technologies
  • Introduction
  • Emerging Technologies
  • Market Analysis of Artificial Intelligence (AI) in Cancer by Cancer Type
  • Breast Cancer
  • Lung Cancer
  • Prostate Cancer
  • Gastrointestinal Cancer
  • Brain Cancer
  • Other Cancers
  • Market Analysis of Artificial Intelligence (AI) in Cancer by Region
  • Market Size and Forecast
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Sustainability in the AI in the Cancer Market
  • Introduction
  • Understanding the ESG Data
  • Environmental Performance
  • Social Performance
  • Governance Performance
  • Concluding Remarks
Chapter 6 AI in Clinical and Molecular Diagnostics Market (BIO261A)
  • AI in Clinical and Molecular Diagnostics
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Overview of AI in Clinical and Molecular Diagnostics
  • Overview
  • History of AI
  • Rise of Machine Learning
  • Machine Learning vs. Deep Learning vs. Neural Networks
  • Types of Machine Learning
  • Advantages and Disadvantages of ML Algorithms
  • AI in Healthcare
  • AI in Clinical Diagnostics
  • AI in Molecular Diagnostics
  • Market Dynamics of AI in Clinical and Molecular Diagnostics
  • Overview
  • Market Driver
  • Market Restraint
  • Market Opportunity
  • Regulatory Structure
  • Emerging Technologies and Developments
  • Latest Technologies/Developments
  • Market Analysis of AI in Clinical and Molecular Diagnostics by Component
  • Software
  • Services
  • Hardware
  • Market Analysis of AI in Clinical and Molecular Diagnostics by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Sustainability in AI in Clinical and Molecular Diagnostics: An ESG Perspective
  • Environmental Sustainability
  • Social: Ensuring that AI Benefits All Society
  • Governance Impacts
Chapter 7 Industrial IoT (IIoT): Global Markets (IFT299A)
  • Industrial IoT (IIoT)
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Market Dynamics and Growth Factors of Industrial IoT (IIoT)
  • Segmental Analysis
  • Regional Insights and Emerging Markets
  • Conclusion
  • Market Overview of Industrial IoT (IIoT)
  • Overview
  • Case Studies
  • Market Dynamics of Industrial IoT (IIoT)
  • Market Driver
  • Market Challenge
  • Market Opportunity
  • Emerging Technologies and Developments
  • Overview
  • Key Emerging Trends/Technologies for IIoT
  • Industrial IOT (IIoT) Market by Deployment
  • On-premises
  • Cloud
  • Industrial IOT (IIoT) Market by Organization Size
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
  • Market Breakdown of Industrial IoT (IIoT) by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
  • Sustainability in the IIoT Industry: An ESG Perspective
  • Overview
  • Current Status of ESG in the IIoT Market
  • Consumer Attitudes Towards ESG in the IIoT Market
  • Concluding Remarks
Chapter 8 Appendix
  • Methodology
  • Analyst's Credentials
List of Tables
Table 1: Global Market for AI, by Region, Through 2029
Table 2: Global Market for AI, by Solution Type, Through 2029
Table 3: Global Market for AI, by Region, Through 2029
Table 4: ESG Risk Ratings Metric, by Company, 2023
Table 5: Global Market for AI Technology in the Oil and Gas Sector, by Region, Through 2028
Table 6: Global Market for AI Technology in the Oil and Gas Sector, by Component, Through 2028
Table 7: Global Market for AI in the Oil and Gas Sector, by Region, Through 2028
Table 8: ESG Risk Ratings Metric, by Company, 2022
Table 9: Global Market for Artificial Intelligence (AI) in Life Sciences, by Product, Through 2029
Table 10: Publications Referencing Artificial Intelligence in Life Sciences, 2021-2023
Table 11: Artificial Intelligence in Life Science Products from Global Players
Table 12: Different Types of Data Used in the Life Science Industry for Artificial Intelligence
Table 13: Artificial Intelligence in the Life Sciences: Emerging Technologies
Table 14: Global Market for AI in Life Sciences, by Product, Through 2029
Table 15: Global Market for AI in Life Sciences, by Region, Through 2029
Table 16: Global Market for AI in Cancer, by Region, Through 2029
Table 17: Incidence and Mortality Rates of Cancer Across Regions, 2022
Table 18: Global Market for AI in Cancer, by Cancer Type, Through 2029
Table 19: Global Market for AI in Cancer, by Region, Through 2029
Table 20: ESG Rankings for Major Cancer AI Companies, 2024*
Table 21: ESG: Environmental Overview
Table 22: ESG: Social Overview
Table 23: ESG: Governance Overview
Table 24: Global Market for AI in Clinical and Molecular Diagnostics, by Type, Through 2029
Table 25: Regulations Pertaining to AI Medical Diagnostics
Table 26: Global Market for AI in Clinical and Molecular Diagnostics, by Component, Through 2029
Table 27: Global Market for AI in Clinical and Molecular Diagnostics, by Region, Through 2029
Table 28: Global Market for IIoT, by Deployment, Through 2028
Table 29: IIoT Use Cases
Table 30: Global Market for IIoT, by Deployment, Through 2028
Table 31: Global Market for IIoT, by Organization Size, Through 2028
Table 32: Global Market for IIoT, by Region, Through 2028
Table 33: ESG Risk Ratings Metric, by Company, 2022
List of Figures
Figure 1: Global Market Shares of AI, by Region, 2023
Figure 2: Emerging Technologies in the AI Market
Figure 3: Global Market Shares of AI, by Solution Type, 2023
Figure 4: Global Market Shares of AI, by Region, 2023
Figure 5: Global Market Shares of AI Technology in the Oil and Gas Sector, by Region, 2022
Figure 6: Emerging Technologies in the Market for AI in the Oil and Gas Sector
Figure 7: Global Market Shares of AI Technology in the Oil and Gas Sector, by Component, 2022
Figure 8: Global Market Shares of AI in the Oil and Gas Sector, by Region, 2022
Figure 9: Global Market for Artificial Intelligence (AI) in Life Sciences, by Product, 2021-2029
Figure 10: Breakdown of Publications Referencing Artificial Intelligence in Life Sciences, 2021-2023
Figure 11: Global Market Shares of AI in Life Sciences, by Product, 2023
Figure 12: Global Market Shares of AI in Life Sciences, by Region, 2023
Figure 13: Global Market Shares of AI in Cancer, by Region, 2023
Figure 14: Role of AI in Cancer Drug Discovery and Development
Figure 15: Emerging Technologies in AI in Cancer Market
Figure 16: Global Market Shares of AI in Cancer, by Cancer Type, 2023
Figure 17: Global Market Shares of AI in Cancer, by Region, 2023
Figure 18: Global Market for AI in Clinical and Molecular Diagnostics, by Type, 2021-2029
Figure 19: Global Market Shares of AI in Clinical and Molecular Diagnostics, by Component, 2023
Figure 20: Global Market Shares of AI in Clinical and Molecular Diagnostics, by Region, 2023
Figure 21: Global Market Shares of IIoT, by Deployment, 2022