PUBLISHER: The Business Research Company | PRODUCT CODE: 1455364
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455364
AI processing control involves applying artificial intelligence (AI) to manage and optimize various processes in industries such as manufacturing, chemical processing, and energy. Its aim is to streamline production, reduce expenses, and enhance safety by automating and optimizing complex processes.
The primary deployment modes for AI processing control are cloud-based and on-premises. Cloud deployment involves deploying applications or services through hosting models such as software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS) leveraging the cloud. These deployments support various applications such as forecasting and prescriptive models, chatbots, speech recognition, text recognition, and others. End-users of AI processing control span across industries including manufacturing, healthcare, banking, financial services and insurance (BFSI), research and academia, transportation, retail, e-commerce, and others.
The AI processing control market research report is one of a series of new reports from The Business Research Company that provides AI processing control market statistics, including the AI processing control industry global market size, regional shares, competitors with a AI processing control market share, detailed AI processing control market segments, market trends and opportunities, and any further data you may need to thrive in the AI processing control industry. This AI processing control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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%. Historical growth can be attributed to the rapid adoption of AI, the increasing complexity of AI models, the expansion of edge computing, the growth in data volumes, and the 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%. Forecasted growth can be attributed to a focus on energy efficiency, the proliferation of AI at the edge, the rise of AI-as-a-service, integration with 5G networks, and the adoption of hybrid and multi-cloud architectures. Major trends in the forecast period include technological advancements in hardware, integration of edge computing, integration of cybersecurity measures, continuous learning algorithms, and the establishment of interoperability standards.
The increased demand for robotics across industries is expected to drive growth in the AI processing control market in the future. Robotics, a multidisciplinary field encompassing design, construction, operation, and utilization of robots, is at the forefront of technological advancement. AI process control enables robots to dynamically learn, adapt, and enhance performance using machine learning algorithms, allowing them to continuously improve based on environmental data and experiences. This capability is essential for addressing diverse tasks and scenarios effectively. For example, the International Federation of Robotics reported a 31% growth rate in the installation of 517,385 new industrial robots in 2021, with Asia accounting for 74% of the world's newly deployed robots during the same period, highlighting the increasing demand for robotics in industries as a key driver of the AI processing control market.
Leading companies in the AI processing control market are focusing on developing advanced technologies such as inspection software to gain a competitive advantage. Inspection software streamlines the evaluation, management, and inspection processes of products, services, or processes. For instance, Cohu Inc., a US-based semiconductor equipment manufacturer, introduced DI-Core AI Inspection in January 2024, an artificial intelligence (AI) inspection software capable of processing real-time data. This software enhances visual inspection accuracy during semiconductor production at faster speeds, identifying micro-scale defects in cosmetic patterns with greater precision than existing methods, thanks to proprietary deep learning and neural network technologies.
In November 2023, Celonis SE, a US-based software-as-a-service company, acquired Symbioworld GmbH, enhancing their Process Cockpit with live process insights and data from Symbio. This integration provides organizations with a unified experience, facilitating compliant and intelligent process execution by combining essential process Key Performance Indicators (KPIs) and insights with the organization's process models and guidelines. Symbioworld GmbH, based in Germany, specializes in AI-driven business process management software.
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
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.
The countries covered in the AI processing control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The AI processing control market consists of revenues earned by entities by providing services such as production process optimization, enhancing safety and quality, and automating business workflows. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI processing control market also includes sales of central processing units (CPUs), servers and graphic processing units (GPUs). Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
AI Processing Control Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ai processing control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ai processing control ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ai processing control market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.