What's Driving AI in Manufacturing Market Trends? | Amazon Web Services, Inc., Google, IBM Corporation, Intel, Micriosoft Corporation, Nvidia Corporation, Oracle, Progress Software Coroporation, Qualcomm Incorporated, SAP, Ubtech Robotics

AI in manufacturing market size from computer vision is estimated to grow at a CAGR of more than 45% by 2025. The growth can be primarily accredited to the increasing need for automation in processes like quality inspection, predictive maintenance and defect reduction among manufacturers.

Rising pressure on businesses to sustain profitability and improve efficiency has thrusted the AI in manufacturing market into global recognition, with the need for better quality management, material movement, inspection and predictive maintenance. The growing use of IoT and other means of communication has also created a necessity for ensuring cybersecurity, further bringing AI into play. The advent of industry 4.0 has brought with it the integration of all types of technology-related changes into an organization, which has allowed the growth of AI in manufacturing market to handle and manage these changes efficiently.

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Key software and hardware providers based in Europe, such as Graphcore and SAP, as well as formation of technology partnerships with start-ups by American firms like Google, IBM and Microsoft in the region will define the competitive dynamics of the AI in manufacturing market.

Through the adoption of AI technologies, companies can keep inventories lean and minimize costs, which can help the manufacturing domain experience substantial growth in the coming years. This also goes on to validate that presently, the manufacturing sector will need to prepare itself for networked factories where the design team, production line, supply chain, and quality control will all be linked into an intelligent engine that facilitates actionable insights.

Lately, several manufacturers are looking to revamp their facilities to adapt to today's digital world. This adjustment which is termed as smart manufacturing, or the fourth industrial revolution encompasses the inclusion of numerous technologies including IoT and cloud-based platforms. An example to validate the point involves a recent partnership between Amazon Web Services and Volkswagen to create an industrial cloud for the carmaker's 122 manufacturing plants across the globe.

The technology will connect all the machines, systems and plants across the carmaker's global facilities to optimize operations by helping avoid bottlenecks. The rising adoption of cloud platforms and IoT platforms will produce tons of digital data, which will require advanced AI-driven data analytics solutions to process data and extract valuable insights. Thus, the rapid adoption of IoT and cloud-based platforms will help proliferate AI in manufacturing market growth over the ensuing years

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