Global Artificial Intelligence Market is expected to increase at a CAGR of 32% owing

WILMINGTON, Del. - Oct. 31, 2022 - PRLog -- The report is titled "Global AI in the manufacturing market" which analyses the regional and global markets based on technology, component, application end user, and region. The report offers comprehensive historical and forecast market size, along with trend analysis. The report focuses on the importance of the market share, an overview of competition the strategic imperatives, future growth strategies, global adoption of AI in manufacturing, growth opportunities, and an assessment of competition for the key players identified by this report by RationalStat.

market overview and dynamics: The penetration of AI in manufacturing will increase in the forecast period

The global market for AI of manufacturing was valued at close to US$ 22 billion as of 2020 and is projected to grow at a rapid rate in the next few years. The dramatic increase in value of the global AI in the manufacturing market is a result of the growing need for human-AI collaboration in the manufacturing industry to achieve general cost savings is propelling the industry growth. Robots play an essential part in the manufacturing industry.

RationalStat has segmented the global AI market on the basis of component, technology, organization type, end-user, and region.

• By Component

o   Hardware

o   Software

§  Cloud

§  On-premise

o   Services

• By Technology

o   Natural Language Processing (NLP)

o   Image Processing

o   Machine Learning (ML)

o   Speech Recognition

o   Others (Robotic Process Automation, Computer Vision)

• By Organization Type

o   Enterprise

o   SMEs

o   Large Enterprise

o   Public Administration

• By End User

o   Automobile & Transportation

o   Healthcare

o   Retail & Warehousing

o   Manufacturing

o   Banking, Financial Services & Insurance (BFSI)

o   Media & Entertainment

o   IT & Telecom

o   Others (Construction, Legal, Education, Energy & Power, etc.)

• By Region

o   North America

§  US

§  Canada

o   Latin America

§  Brazil

§  Mexico

§  Rest of Latin America

o   Western Europe

§  Germany

§  UK

§  France

§  Spain

§  Italy

§  Benelux

§  Nordic

§  Rest of western Europe

o   Eastern Europe

§  Russia

§  Poland

§  Rest of Eastern Europe

o   Asia Pacific

§  China

§  Japan

§  India

§  South Korea

§  Australia

§  ASEAN (Indonesia, Vietnam, Malaysia, etc.)

o   Middle East & Africa

§  GCC

§  South Africa

§  Turkey

§  Rest of the Middle East & Africa

For more information about this report https://store.rationalstat.com/store/global-ai-market-inv...