Global AI in Manufacturing Markets 2017-2018 Forecast to 2024 – Growing IIoT and Usage of Big Data Technology in the Manufacturing Industry is the Key Driver

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DUBLIN, Oct. 5, 2018 /PRNewswire/ —

The “Global Artificial Intelligence in Manufacturing Market – Technologies, Market Share and Industry Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

Global artificial intelligence in manufacturing market is expected to rise with the CAGR of about 52% during the forecast period 2017-2024.

The major drivers for this market are growing industrial IoT and usage of big data technology in the manufacturing industry, rise in usage of computer-based technology extensive usage of robotics by manufacturing companies, significant increase in venture capital investments and cross-industry partnerships.

The major restraint for the market is lack of technically skilled personnel. Also, increasing operational efficiency in manufacturing firm and scope for AI based technology across emerging regions are major opportunities for the market. However, data privacy and security concern is the major market challenge.

North America is expected to dominate the market during the forecast period. Presence of majority of the market players of artificial intelligence across the region, venture capital investment across the region, etc. contribute towards the dominance of North America during the forecast period.

However, Asia Pacific is expected to be the fastest growing region in artificial intelligence in manufacturing market during the forecast period due to growth in manufacturing sector across the region, increasing investments in artificial intelligence technologies, etc.

The growth in global artificial intelligence in manufacturing market is also influenced by the presence of major players such as NVIDIA Corporation (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Intel Corporation (United States), IBM Corporation (United States), etc.

To gain competitive advantage, the major players of global artificial intelligence in manufacturing market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, investment, strategic expansion, funding etc. during the forecast period.

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Global Artificial Intelligence in Manufacturing Market By Offering

5. Global Artificial Intelligence in Manufacturing Market By Technology

6. Global Artificial Intelligence in Manufacturing Market By Application

7. Global Artificial Intelligence Market By Industry

8. Competitive Landscape

9. Geographic Analysis

10. Company Profiles

  • AIBrain (U.S.)
  • Alphabet Inc. (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Datarpm (U.S.)
  • General Electric (GE) Company (U.S.)
  • General Vision, Inc. (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • Nvidia Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Rockwell Automation Inc. (U.S.)
  • Siemens AG (Germany)
  • Sight Machine (U.S.)

For more information about this report visit https://www.researchandmarkets.com/research/hg5vwn/global_ai_in?w=5

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SOURCE Research and Markets