The artificial intelligence (AI) market share in the manufacturing industry is projected to grow by USD 7.87 billion, accelerating at a CAGR of 28% during the forecast period. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Technavio's research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth.
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One of the key factors that will drive growth is the demand for automation to improve productivity. In addition, the evolving industrial IoT and big data integration will positively impact the market value. However, the integration challenges may impede market growth.
Technavio's research report provides a comprehensive analysis of all the factors that will boost growth during the forecast period. In addition to market drivers, the research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. The analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
The artificial intelligence (AI) market in the manufacturing industry is segmented as below:
The market is fragmented due to the presence of several players and the market growth of the vendors depends on market conditions, government support, and industry development. The report offers a detailed study of all the factors that can influence growth. Alphabet inc., General Electric Co., Intel Corp., Landing ai, Microsoft Corp., Oracle Corp., SAP SE, Siemens AG, International Business Machines Corp., and Amazon Web Services inc. are some of the major artificial intelligence (AI) market vendors. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report
