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Industrial AI market: 10 insights on how AI is transforming manufacturing
In short The global industrial AI market reached $43.6 billion in 2024 and is expected to grow at a CAGR of 23% to $153.9 billion by 2030, according to the Industrial AI Market Report 2025–2030 (published August 2025). Although Industrial AI spending today only represents 0.1% of revenue, most manufacturers now have a CEO-driven AI strategy with several industrial AI focus areas emerging:...
The top 10 enterprise generative AI applications – Based on 530 real-world projects
In short Generative AI is used across departments. Most of the 530 identified generative AI implementations are in customer support, marketing, IT, operations, and R&D. Customer issue resolution is the top application. 49% of projects focus on customer support, with issue resolution alone making up 35%. Tech sector and North America lead adoption. 56% of projects were implemented inside tech...
The leading generative AI companies
In short The generative AI market surpassed $25.6 billion in 2024, driven by rapid adoption and the increasing integration of AI capabilities across industries, according to the 263-page Generative AI Market Report 2025–2030 (published January 2025). The data center GPU market saw remarkable growth to $125 billion, with NVIDIA maintaining a dominant position, holding 92% of the market share....
DeepSeek R1’s implications: Winners and losers in the generative AI value chain
In short The recent release of DeepSeek’s R1 model has shaken tech stocks, with shares of some market participants (e.g., NVIDIA) down ~20% since January 27, 2025. R1 is largely open, on par with leading proprietary models, appears to have been trained at significantly lower cost, and is cheaper to use in terms of API access, all of which point to an innovation that may change competitive...
AI 2024 in review: The 10 most notable AI stories of the year
As we kick off 2025, the IoT Analytics research team has evaluated last year’s top AI stories. This article highlights 10 of the most impactful developments as well as some general observations and developments in the field of AI in 2024. Since 2015, IoT Analytics has published an annual review of the top 10 IoT stories of the past year (the 2024 IoT review will be published next week). This...
Who is winning the cloud AI race? Microsoft vs. AWS vs. Google
In short 22% of recently announced cloud implementations had an AI element, according to the 188-page Global Cloud Projects Report and Database 2024. The data shows that AI has become a driver for cloud demand, with generative AI (GenAI) playing an increasing role. According to the data, Microsoft is leading the overall AI and GenAI race. AWS leads in traditional AI, while Google has the highest...
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