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Global Artificial Intelligence Market in the Industrial Sector 2018-2022 - Market to Grow at a CAGR of 54.03% - ResearchAndMarkets.com

October 2, 2018

DUBLIN--(BUSINESS WIRE)--Oct 2, 2018--The “Global Artificial Intelligence Market in the Industrial Sector 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The global artificial intelligence market in the industrial sector to grow at a CAGR of 54.03% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global artificial intelligence market in the industrial sector for 2018-2022. This industry research report provides a detailed analysis of the market by application (remote monitoring and predictive maintenance, supply chain management, R&D and production planning, quality control, and execution of operation and maintenance contracts, and regulatory intelligence), and by end-user (process industries, and discrete industries). The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is the increasing adoption of data guided decision making in industries to improve their product offerings. Data analysis tools collects data from multiple sources and analyses them to provide actionable insights to the end-users. The improvement in computational power will further encourage industries to adopt data guided decision making which in turn will lead to artificial intelligence market growth.

End-users are increasingly adopting cloud-based solutions to eliminate limitations of industrial automation and robotics technologies. Cloud based solutions reduce the cost of maintenance and software updates and ensure that end users can benefit from the computational power, storage and communication resources of modern data centers. These advantages of cloud-based solutions will lead to greater adoption of artificial intelligence in industries and drive the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the need for technical knowledge amongst operators. Knowledge of working of AI software platforms is necessary for smooth operations and operational excellence. The lack of technical expertise in the workforce of the manufacturers implementing AI, is impeding the growth of the market as end users are reluctant to learn and adopt new technologies.

Key vendors:

Alphabet Amazon.com General Electric IBM Microsoft Siemens

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Customer Landscape

Part 09: Market Segmentation By End-User

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/7mzlqr/global_artificial?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005664/en/

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Related Topics:Artificial Intelligence

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/02/2018 09:59 AM/DISC: 10/02/2018 09:59 AM

http://www.businesswire.com/news/home/20181002005664/en

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