Artificial Intelligence Market in the Industrial Sector by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70661
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The artificial intelligence market in the industrial sector has the potential to grow by USD 13.26 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 46.73%.

This artificial intelligence market in the industrial sector research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (process industries and discrete industries) and geography (North America, Europe, APAC, MEA, and South America). The artificial intelligence market in the industrial sector report also offers information on several market vendors, including 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 among others.

What will the Artificial Intelligence Market Size in the Industrial Sector be in 2021?

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Artificial Intelligence Market in the Industrial Sector: Key Drivers and Trends

The increase in adoption of data-guided decision making is notably driving the artificial intelligence market growth in the industrial sector, although factors such as need for technical knowledge amongst operators may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the artificial intelligence market in the industrial sector get your FREE report sample now.

This artificial intelligence market in the industrial sector analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Artificial Intelligence Market Vendors in the Industrial Sector?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alphabet Inc.
  • Amazon.com Inc.
  • General Electric Co.
  • International Business Machines Corp.
  • Intel Corp.
  • Landing AI
  • Microsoft Corp.
  • Oracle Corp.
  • SAP SE
  • Siemens AG

 

The artificial intelligence market in the industrial sector is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the artificial intelligence market in the industrial sector forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Artificial Intelligence Market in the Industrial Sector?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for artificial intelligence market in the industrial sector in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Evolving industrial IoT and big data integration will facilitate the artificial intelligence market growth in the industrial sector in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Artificial Intelligence Market in the Industrial Sector?

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The artificial intelligence market in the industrial sector share growth by the process industries segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. 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.

 

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What are the Key Factors Covered in this Artificial Intelligence Market in the Industrial Sector Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive artificial intelligence market growth in the industrial sector during the next five years
  • Precise estimation of the artificial intelligence market size in the industrial sector and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial intelligence market in the industrial sector across North America, Europe, APAC, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial intelligence market vendors in the industrial sector 

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Artificial Intelligence Market In The Industrial Sector Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 47%

Market growth 2021-2025

$ 13.26 billion

Market structure

Fragmented

YoY growth (%)

39.21

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 36%

Key consumer countries

US, China, Germany, UK, and Saudi Arabia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The artificial intelligence market in the industrial sector market growth will increase by $13264.40 million during 2020-2025.
The artificial intelligence market in the industrial sector market is expected to grow at a CAGR of 46.73% during 2020-2025.
Technavio has segmented the artificial intelligence market in the industrial sector market by end user (Process industries and Discrete industries) and geographic (North America, Europe, APAC, MEA, and South America).
Alphabet Inc., Amazon.com Inc., General Electric Co., International Business Machines Corp., Intel Corp., Landing AI, Microsoft Corp., Oracle Corp., SAP SE, Siemens AG are a few of the key vendors in the artificial intelligence market in the industrial sector market.
North America will register the highest growth rate of 36.30% among the other regions. Therefore, the artificial intelligence market in the industrial sector market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the artificial intelligence market in the industrial sector market growth are:
  • Increase in adoption of data-guided decision making
The artificial intelligence market in the industrial sector market vendors should focus on grabbing business opportunities from the process industries segment as it accounted for the largest market share in the base year.
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