Global Artificial Intelligence Market in the Industrial Sector 2018-2022 - Market to Grow at a CAGR of 54.03% - ResearchAndMarkets.com
Summary
The report covers the present scenario and the growth prospects of the global artificial intelligence market in the industrial sector for 2018-2022.According to the report, one of the major drivers for this market is the increasing adoption of data guided decision making in industries to improve their product offerings.The improvement in computational power will further encourage industries to adopt data guided decision making which in turn will lead to artificial intelligence market growth.Cloud based solutions reduce the cost of maintenance and software updates and ensure that end users can benefit from the computational power, storage and communication resources of modern data centers.The lack of technical expertise in the workforce of the manufacturers implementing AI, is impeding the growth of the market as end users are reluctant to learn and adopt new technologies.