Worldwide AI in Manufacturing Market Size to Touch USD 9.89 Billion by 2027; AI in Manufacturing Market Share [2020-2027]

Posted on May 24 2022 8:59 AM

"AI in Manufacturing Market Size, Share & COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection), By Industry (Automotive, Medical Devices, Semiconductor &Electronics), and Regional Forecast, 2020-2027 "

The global “Artificial Intelligence in Manufacturing Market 2022” is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "Artificial Intelligence in Manufacturing Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. The global ai in manufacturing market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.2% during the forecast period, to Reach USD 9.89 Billion by 2027, from USD 1.82 Billion in 2019

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Artificial Intelligence in Manufacturing Market share, types, applications, growth factor, key players and regions.

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AI in Manufacturing Market Size Overview:

  • USD 9.89 Billion in 2027
  • USD 1.82 Billion in 2019
  • CAGR: (2020-2027) 24.2%
  • Base Year: 2019

Implementation of Collaboration Software among Businesses to Spur Growth

Progressive technologies are conducting a vital role in empowering businesses to form an environment that would motivate employees achieve business goals with creativity to develop lasting economic values. Digital transformation produces novel product and service potentials that would empower businesses to raise sales significantly and reduce costs by attaining advanced performance.

Artificial Intelligence in Manufacturing Market: Competitive Landscape and Key Developments

  • Microsoft Corporation (United States)
  • Google LLC (United States)
  • IBM Corporation (United States)
  • Inc. (United States)
  • NVIDIA Corporation (United States)
  • Siemens AG (Germany)
  • GENERAL ELECTRIC (United States)
  • SAP SE (Germany)
  • Rockwell Automation, Inc. (United States)
  • Mitsubishi Electric Corporation (Japan)

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Artificial Intelligence in Manufacturing Market 2022 Regional Analysis:

Moreover, This report focuses on Artificial Intelligence in Manufacturing Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Artificial Intelligence in Manufacturing Market Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Artificial Intelligence in Manufacturing Market Segments:

By Application

  • Cloud Identity and Access Management (IAM)
  • Email and Web Security
  • Data Encryption and prevention
  • Threat Intelligence, Monitoring and Prevention
  • Others (Firewalls, Operations Management, etc.)

By Security Type

  • Workload Security
  • Network Security
  • Platform Security
  • Application Security
  • EndPoint Security
  • Others (Hardware, Data, Etc.)

By Enterprise Size

  • Large Enterprises
  • Small and Medium Sized Enterprises (SMEs)

By Deployment Model

  • Public
  • Hybrid
  • Private

By End-user

  • IT and Telecommunications
  • Banking, Finance, Security and Insurance (BFSI)
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail
  • Government
  • Energy and Utilities
  • Others (Energy and Utilities, Government, Others) 

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