Global Artificial Intelligence Market in the Industrial Sector Market 2024-2028

Artificial Intelligence Market In The Industrial Sector 2024-2028

The artificial intelligence market in the industrial sector is forecasted to grow by USD 29297.64 mn during 2023-2028, accelerating at a CAGR of 38.86% during the forecast period. The report on the artificial intelligence market in the industrial sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital twin technology gaining traction in industries, evolving industrial IoT and big data integration, and a rise in demand for predictive maintenance in industries.

Technavio's artificial intelligence market in the industrial sector is segmented as below:

By Application

• Remote monitoring and predictive maintenance
• Supply chain management
• Production planning
• Quality control
• Others

By End-user

• Process industries
• Discrete industries

By Geographical Landscape

• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the emergence of IIoT as one of the prime reasons driving the artificial intelligence market in the industrial sector growth during the next few years. Also, growing demand for generative designs and rising human-cobot interaction boosting the adoption of AI in the industrial sector will lead to sizable demand in the market.

The report on the artificial intelligence market in the industrial sector covers the following areas:

• Artificial intelligence market in the industrial sector sizing
• Artificial intelligence market in the industrial sector forecast
• Artificial intelligence market in the industrial sector industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence market in the industrial sector vendors that include Alphabet Inc., Amazon.com Inc., Aquant, Automation Anywhere Inc., FANUC Corp., H2O.ai Inc., Intel Corp., International Business Machines Corp., Landing AI, Micron Technology Inc., Microsoft Corp., Mitsubishi Electric Corp., NVIDIA Corp., Oracle Corp., Rockwell Automation Inc., SAP SE, Siemens AG, Sight Machine, Wipro Ltd., and General Electric Co. Also, the artificial intelligence market in the industrial sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.