PUBLISHER: TechNavio | PRODUCT CODE: 1774433
PUBLISHER: TechNavio | PRODUCT CODE: 1774433
The industrial ai software market is forecasted to grow by USD 6,541.9 mn during 2024-2029, accelerating at a CAGR of 17.4% during the forecast period. The report on the industrial ai software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for enhanced operational efficiency and cost reduction, proliferation of industrial data fueled by iiot adoption, and accelerating advancements and accessibility of ai technologies.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 15% |
CAGR | 17.4% |
Incremental Value | $6,541.9 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial ai software market is segmented as below:
By Deployment
By Industry Application
By Technology
By Geographical Landscape
This study identifies the emergence of industrial generative ai and ai copilots as one of the prime reasons driving the industrial ai software market growth during the next few years. Also, strategic shift toward edge ai for real-time industrial applications and maturation of ai-powered industrial digital twins will lead to sizable demand in the market.
The report on the industrial ai software market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial ai software market vendors that include Accenture PLC, Advanced Micro Devices Inc., C3.ai Inc., Cisco Systems Inc., General Electric Co., Google LLC, Honeywell International Inc., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Progress Software Corp., PTC Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Sight Machine, Uplight Inc., Uptake Technologies Inc., and Veritone Inc.. Also, the industrial ai software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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