What Fueled The Previous Growth In The AI Processing Control Market?
The ai processing control market has seen considerable growth due to a variety of factors.
• The market size of AI processing control has witnessed a substantial surge in the past years. It is projected to escalate from a size of $3.91 billion in 2024 to $8.25 billion in 2025, displaying a compound annual growth rate (CAGR) of 111.2%.
The historic period's expansion is credited to the fast-paced adoption of AI, rise in complexity of AI models, growth of edge computing, increasing data volumes, and variety in AI workloads.
What Is The Expected Growth In The AI Processing Control Market By 2029?
The ai processing control market is expected to maintain its strong growth trajectory in upcoming years.
• The market for AI processing control is predicted to undergo remarkable expansion in the coming years, ballooning to a value of $162.86 billion by 2029 with a compound annual growth rate (CAGR) of 110.8%.
This predicted surge over the forecast period can be credited to increasing focus on energy efficiency, the spread of AI at the periphery, the emergence of ai-as-a-service, collaboration with 5G networks, and the uptake of hybrid and multi-cloud frameworks. Noteworthy trends anticipated during this forecast period encompass advanced progress in hardware, the integration of edge computing, incorporation of cybersecurity, perpetual learning algorithms, and interoperability norms.
What Key Factors and Trends Are Driving The Growth AI Processing Control Market?
The surging requirement for robotics in various industries is anticipated to propel the expansion of the AI processing control market in the future. Robotics, an interdisciplinary field encompassing robot design, creation, function, and utilization, is significantly influenced by AI process control. This feature enables robots to dynamically learn, adjust, and augment their performance by using machine learning algorithms, which permits them to consistently evolve based on environmental data and experiences. This capacity is essential for handling varied tasks and situations. For example, the International Federation of Robotics, a Germany-based association of the robotics industry, reported in April 2024, that there was a 12% increase in the total number of industrial robot installations, amounting to 44,303 units in 2023. As a result, the escalating demand for robotics in industries encourages the AI processing control market's growth.
What Are The Primary Segments In The Global AI Processing Control Market?
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
Subsegments:
1) By Cloud: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-premises: On-premises Data Centers, Edge Computing Solutions
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Which Key Trends Are Driving Changes In The AI Processing Control Market?
Leading businesses in the AI processing control market are pioneering in advanced technologies like inspection software to maintain their competitive advantage. Inspection software refers to software tools, applications, or programs which simplify the evaluation, management, and scrutiny of products, services, or systems. For example, in January 2024, Cohu Inc., a renowned manufacturer of semiconductor equipment from the United States, introduced its AI Inspection named DI-Core. The distinct feature of this software is its capacity to process data instantaneously, thus allowing semiconductor manufacturers to enhance their precision in visual inspection during production processes and operate at higher speeds. It demonstrates exceptional efficiency in detecting minute defects in cosmetic patterns, surpassing the precision of current techniques. The software utilizes unique deep learning and neural network technologies, thereby boosting inspection yield without sacrificing quality.
Who Are the Key Players In The AI Processing Control Market?
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
What Is The Most Dominant Region In The AI Processing Control Market?
Asia-Pacific was the largest region in the AI Processing Control market in 2024. The regions covered in the ai processing control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
