LONDON--(BUSINESS WIRE)--According to Technavio’s research report on the global artificial intelligence market in the industrial sector, the market is expected to accelerate at a CAGR of around 54% during the forecast period. The increase in the adoption of data-guided decision making is one of the key drivers for the artificial intelligence market.
This research report titled ‘Global Artificial Intelligence Market in the Industrial Sector 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The report on the global artificial intelligence market in the industrial sector categorizes the market into the following end-users:
- Process industries
- Discrete industries
In 2017, the process industries segment accounted for nearly 64% of the artificial intelligence market share and is projected to contribute to the highest share of the market throughout the forecast period.
Global artificial intelligence market in the industrial sector: Top emerging trend
The emergence of IIoT is a major trend in the artificial intelligence market in the industrial sector. The increased use of smart devices, wireless, and cloud technology is expected to influence the future of industrial robots such as collaborative robots in terms of the range of utility and mode of operation. Owing to the rising competition, the vendors have been offering attractive options such as services and control modules through smart devices and Wi-Fi technology for controlling equipment from remote locations.
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Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Artificial Intelligence Market in the Industrial Sector Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (remote monitoring and predictive maintenance, supply chain management, R&D and production planning, quality control, execution of operation and maintenance contracts, and regulatory intelligence)
- Market segmentation by end-user (process industries and discrete industries)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Alphabet, Amazon.com, GENERAL ELECTRIC, IBM, Microsoft, and Siemens)
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