NEW YORK, July 5, 2021 /PRNewswire/ -- Technavio has been monitoring the artificial intelligence market in the industrial sector, operating under the industrials segment. The latest report on the artificial intelligence market in the industrial sector 2021-2025 estimates it to register an incremental growth of USD 13.26 billion, at a CAGR of almost 47% during the forecast period.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. As the business impact of COVID-19 spreads, the artificial intelligence market in the industrial sector 2021-2025 market is expected to have neutral & inferior growth.
Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Alphabet Inc., Amazon.com Inc., General Electric Co., International Business Machines Corp., Intel Corp., Landing AI, Microsoft Corp., Oracle Corp., SAP SE, and Siemens AG are among some of the major market participants.
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An increase in the adoption of data-guided decision-making has been instrumental in driving the growth of the market. However, the need for technical knowledge amongst operators might hamper the market growth.
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Artificial Intelligence Market in the Industrial Sector 2021-2025: Segmentation
Artificial Intelligence Market in the Industrial Sector is segmented as below:
Based on geographic segmentation, 36% of the market's growth originated from North America during the forecast period. In addition, the process industries end-user segment recorded the largest revenue in 2020 and is expected to maintain its dominant position even during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the artificial intelligence market size in the industrial sector.
Artificial Intelligence Market in the Industrial Sector 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence market in the industrial sector report covers the following areas:
This study identifies the increase in the adoption of data-guided decision-making as one of the prime reasons driving the artificial intelligence market in the industrial sector growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Artificial Intelligence Market in the Industrial Sector 2021-2025: Key Highlights
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Report: https://www.technavio.com/report/artificial-intelligence-market-in-the-industrial-sector-industry-analysis
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