What Has Been the Progress and Growth of the Generative Artificial Intelligence AI In Automation Market in Recent Years?
The generative artificial intelligence ai in automation market has seen considerable growth due to a variety of factors.
• The market size of generative artificial intelligence (AI) in automation has seen significant expansion lately. The anticipated growth is from $1.53 billion in 2024 to $1.79 billion in 2025, with a compound annual growth rate (CAGR) of 17.2%.
The surge during the historical time frame is ascribed to factors such as the escalation in computational capacity, the emergence of big data, advancements in natural language processing, the rising demand for tailor-made solutions, the broad acceptance of cloud computing and the development of neural networks.
What Can Be Expected from the Generative Artificial Intelligence AI In Automation Market Size?
The generative artificial intelligence ai in automation market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a fast-paced growth is expected in the size of the generative artificial intelligence (AI) in automation market. The forecast predicts an expansion to $3.33 billion in 2029 with a compound annual growth rate (CAGR) of 16.9%.
The growth during this period can be traced back to an escalating demand for smart process automation, the widespread adoption across diverse industries, increased investment in AI, enlarging applications in multiple sectors, intensified focus on operational efficiency, and the growing need for superior customer experiences. During the forecast period, market trends encompass advancements in refined machine learning models, integration with IoT devices, improved capabilities in natural language processing, use of AI-based decision-making tools, bespoke AI solutions, and the development of more ethical and transparent AI systems.
What Are the Critical Driver Fuelling The Generative Artificial Intelligence AI In Automation Market's Growth?
The generative AI in automation market is anticipated to gain momentum due to the escalating use of industrial robots. These robots, characterised by their automated and programmable nature, are designed to undertake an array of manufacturing tasks with accuracy, swiftness, and uniformity. Industrial robots are being rapidly adopted due to their capabilities to boost production efficiency, enhance product quality, curtail labour expenses, and carry out intricate tasks with precision and uniformity. Generative AI in automation provides these robots the ability to fine-tune their operations through superior planning and decision-making. It also increases their flexibility for new tasks with minimal reprogramming and augments their performance by creating accurate, context-aware instructions, and simulations for intricate manufacturing procedures. For instance, the International Federation of Robotics, a Germany-based non-profit association that advocates, fortifies, and safeguards the global robotics industry, stated in June 2023, that the quantity of industrial robots installed in Europe increased by 6% from 2021 to 72,000 units in 2022. As a result, the generative AI in automation market's growth is fuelled by the rising adoption of industrial robots.
How Is The Generative Artificial Intelligence AI In Automation Market segmented?
The generative artificial intelligence (AI) in automation market covered in this report is segmented –
1) By Technology: Computer Vision, Natural Language Processing (NLP), Reinforcement Learning, Deep Learning, Other Technologies
2) By Application: Robotic Process Automation (RPA), Process Optimization, Intelligent Chatbots, Predictive Maintenance, Quality Control And Anomaly Detection, Other Applications
3) By End Users: Automotive, Aerospace, Electronics, Consumer Goods, Other End Users
Subsegments:
1) By Computer Vision: Image Recognition, Object Detection, Facial Recognition, Image Segmentation, Optical Character Recognition (OCR)
2) By Natural Language Processing (NLP): Text Analysis, Speech Recognition, Sentiment Analysis, Chatbots and Virtual Assistants, Machine Translation
3) By Reinforcement Learning: Model-Based Reinforcement Learning, Model-Free Reinforcement Learning, Deep Reinforcement Learning, Multi-Agent Reinforcement Learning
4) By Deep Learning: Neural Networks, Convolutional Neural Networks (CNN), Recurrent Neural Networks (RNN), Generative Adversarial Networks (GANs), Autoencoders
5) By Other Technologies: Robotic Process Automation (RPA), Edge AI, Quantum Computing in AI, Federated Learning, Explainable AI (XAI)
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What Emerging Trends Are Influencing The Growth Of The Generative Artificial Intelligence AI In Automation Market?
In the generative artificial intelligence (AI) in automation market, dominant corporations are creating workflow automation platforms that simplify intricate workflows by automating routine tasks and judgement-based processes. These platforms are critical instruments for businesses attempting to enhance their operations by automating and controlling their processes, leading to improved efficiency, decreased manual labour, and uniform implementation across various tasks. For instance, TotalAgility 8, a business process management (BPM) and workflow automation platform was launched by Tungsten Automation, a software firm based in the United States, in February 2024. This platform offers groundbreaking features, including AI-fueled Copilots and comprehensive document libraries, which enable users from different proficiency levels to efficiently streamline operations. This launch bolsters Tungsten Automation's standing as a pioneer in the Intelligent Automation industry, spurring transformative changes for organizations.
Who Are the Key Players In The Generative Artificial Intelligence AI In Automation Market?
Major companies operating in the generative artificial intelligence (AI) in automation market are:
• Microsoft Corporation
• Amazon Web Services Inc.
• Siemens AG
• General Electric Company
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Salesforce Inc.
• Nvidia Corporation
• Zebra Technologies Corp.
• Autodesk Inc.
• SAS Institute Inc.
• OpenAI
• Databricks Inc.
• UiPath Inc.
• Quantiphi
• Darktrace plc
• Automation Anywhere Inc.
• C3.ai Inc.
• Blue Prism
• Google DeepMind Technologies Limited
• Cerebras Systems Inc.
• Syntiant Corp.
• Clarifai Inc.
• Trifacta
What Is The Most Dominant Region In The Generative Artificial Intelligence AI In Automation Market?
North America was the largest region in the generative artificial intelligence (AI) in automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence (AI) in automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
