The ai processing control global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
AI Processing Control Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ai processing control market size has grown exponentially in recent years. It will grow from $1.85 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 111.4%. The growth in the historic period can be attributed to rapid growth in ai adoption, increasing complexity of ai models, expansion of edge computing, growing data volumes, diversity of ai workloads.
The ai processing control market size is expected to see exponential growth in the next few years. It will grow to $77.18 billion in 2028 at a compound annual growth rate (CAGR) of 110.8%. The growth in the forecast period can be attributed to focus on energy efficiency, proliferation of ai at the edge, rise of ai-as-a-service, integration with 5g networks, adoption of hybrid and multi-cloud architectures. Major trends in the forecast period include technological advancements in hardware, edge computing integration, cybersecurity integration, continuous learning algorithms, interoperability standards.
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Scope Of AI Processing Control Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
AI Processing Control Market Overview
Market Drivers –
The growing demand for robotics in industries is expected to boost the growth of the AI processing control market going forward. Robotics is a multidisciplinary field of study and engineering that involves robot design, construction, operation, and use. AI process control empowers robots to dynamically learn, adapt, and enhance their performance by utilizing machine learning algorithms, allowing them to continuously improve based on environmental data and experiences, a crucial capability for addressing diverse tasks and scenarios. For instance, in October 2022, according to a report published by the International Federation of Robotics, a Germany-based non-profit organization, 517,385 new industrial robots were installed in 2021, representing a 31% growth rate compared to the previous year. Further, Asia accounted for the majority, installing 74% of the world’s newly deployed robots during the same period. Therefore, the growing demand for robotics in industries is driving the growth of the AI processing control market.
Market Trends –
Major companies operating in the AI processing control market are developing advanced technologies, such as inspection software, to gain a competitive edge in the market. Inspection software is a type of computer program or application that simplifies and streamlines the process of evaluating, managing, and inspecting various aspects of products, services, or processes. For instance, in January 2024, Cohu Inc., a US-based semiconductor equipment manufacturer, launched DI-Core AI Inspection, an artificial intelligence (AI) inspection software. The unique feature of this AI inspection software is its ability to process data in real time, enabling semiconductor manufacturers to improve visual inspection accuracy during production at faster speeds. It excels at identifying micro-scale defects in cosmetic patterns with greater precision than existing methods. Its proprietary deep learning and neural network technologies contribute to an improved inspection yield without compromising quality.
The ai processing control market covered in this report is segmented –
1) By Deployment Mode: Cloud, On-premises
2) By Application: Forecasts And Prescriptive Models, Chatbots, Speech Recognition, Text Recognition, Other Applications
3) By End User: Manufacturing, Healthcare, Banking, Financial Services and Insurance (BFSI), Research And Academia, Transportation, Retail And E-commerce, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the AI Processing Control market in 2023. The regions covered in the ai processing control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ai processing control market report are Alphabet Inc., Microsoft Corporation, Amazon Web Services, Siemens AG, International Business Machines Corporation, Schneider Electric SE, Broadcom Inc, Salesforce Inc., ABB Ltd., Rockwell Automation, Yokogawa Electric Corporation, Databricks Inc., UiPath, Appian Corporation, DeepMind Technologies Limited, Automation Anywhere, Beyond Limits, SS&C Blue Prism, DataRobot Inc., Bright Machines, Dataiku, Synergies Intelligent Systems, Aquifi, H2O.ai, Tignis, ZymbianZ, Tonkean
Table of Contents
1. Executive Summary
2. AI Processing Control Market Report Structure
3. AI Processing Control Market Trends And Strategies
4. AI Processing Control Market – Macro Economic Scenario
5. AI Processing Control Market Size And Growth
…..
27. AI Processing Control Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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