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Artificial Intelligence as a Service Market Dynamics and Key Factors That Will Drive The Market's Growth, Global Opportunity and Industry Forecast 2029 - Valuates Reports
The global Industrial Artificial Intelligence market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.Artificial intelligence (AI) is just now finding its niche in manufacturing, as the technology matures and costs drop-and as manufacturers discover applications for which AI algorithms can make complex decisions. And as it becomes ubiquitous, the future of artificial intelligence in manufacturing is already becoming feasible in emerging markets; showcasing better sensory capabilities; and, off the factory floor, predicting what will be needed and when.
Industrial artificial intelligence, or industrial AI, usually refers to the application of artificial intelligence to industry. Unlike general artificial intelligence which is a frontier research discipline to build computerized systems that perform tasks requiring human intelligence, industrial AI is more concerned with the application of such technologies to address industrial pain-points for customer value creation, productivity improvement, and insight discovery.
This report aims to provide a comprehensive presentation of the global market for Industrial Artificial Intelligence, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Artificial Intelligence.
The Industrial Artificial Intelligence market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Industrial Artificial Intelligence market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Segment by Type
-Hardware
-Software
Segment by Application
-Semiconductor and Electronics
-Energy and Power
-Pharmaceuticals
-Automobile
-Heavy Metals and Machine Manufacturing
-Food and Beverages
-Others (Textiles & Aerospace)
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