Artificial industrial can be explained as the imitation of human intelligence processes by various machines or computer systems. The process includes acquisition of information and defining the correction. Also, as technology advances the low cost and efficiency of robot is going to benefit the manufacturing plant.
Regionally, North America accounted for the largest market share from countries such U.S. and Canada among others. The reason is attributed to growing demand for high-end technology solutions, increasing R&D happening in this region and strict regulation pertaining to environment friendly technologies. However, Asia Pacific is expected to grow over the forecast period, 2017-2023. The reason is attributed to presence of large number of manufacturers and the increasing growth of consumer electronics & automotive industries.
The global artificial industrial in manufacturing market can be bifurcated as component, technology and region. On the basis of component, the market can be segmented as hardware and software. Out of these, software segment accounted for the largest market share since artificial industrial helps to find the relevant insights and predictive maintenance of the manufacturing plant operator. However, hardware segment is expected to grow over the forecast period, 2017-2023.
The factors contributing to the growth of the artificial industrial in manufacturing market are big data technology in manufacturing, industrial internet of things, extensive usage of robotics, computer vision technology, cross-industry partnerships and collaborations and substantial increase in venture capital investment. The revolution in various operating technologies with the introduction of artificial industrial is helping the market to grow. However, factors such as reluctance among the manufacturers to adopt artificial industrial based technologies, high cost related to technological innovations and technical integrations and data privacy are hindering the growth of the artificial industrial in manufacturing market. Furthermore, an increasing demand for improving operational efficiency of manufacturing plants is expected to boost the growth of the artificial industrial in manufacturing market over the forecast period, 2017-2023.
The global Artificial Industrial in Manufacturing Market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The artificial industrial in manufacturing market is highly competitive due to the presence of several large vendors.
Major Key Players:
• Intel Corporation (U.S.)
• Siemens AG (Germany)
• IBM Corporation (U.S.)
• Alphabet Inc. (U.S.)
• Microsoft Corporation (U.S.)
• Cisco Systems, Inc. (U.S)
• General Electric Company (US)
• Data RPM, Sight Machine (U.S)
• General Vision, Inc. (U.S)
• Rockwell, Automation Inc. (U.S.)
• Mitsubishi Electric Corporation (Japan)
• Oracle Corporation (U.S.)
• SAP SE (Germany)
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The global Artificial Industrial in manufacturing market is expected to grow significantly over the forecast period, 2017-2023. Automotive segment Artificial Industrial in manufacturing market is expected to drive the market majorly due to their extensive range of uses in the automobile industry. The market is expected to have higher growth rate as compared to the previous years. The global Artificial Industrial in manufacturing market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Automotive and Manufacturing segments hold a largest share in the Asia-Pacific region. The reason is attributed to implementation of Artificial Industrial across various industries and the growing adoption of robots across various sectors.
Asia-Pacific region is expected to grow over the forecast period. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of businesses in this region, manufacturing hub and the growing adoption of high end technological solutions.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing number of vendor present across this region and the growing use of technologically advanced solutions and presence of technical expertise.
• Device manufacturers
• Network Operators
• Research firms
• Software Developers
• Commercial Banks
• Government Agencies
• End-user sectors
• Technology Investors
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