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By 2026, the global market for AI solutions for industry will reach $102.2 billion

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Image source: Robin Sommer/Unsplash

The market volume of industrial solutions based on artificial intelligence (AI) technologies will show high growth rates, on average by 35% annually. By 2026, the segment volume will reach $102.2 billion. Writes about it writes  cdo2day.ru with a link to the IoT Analytics report. According to analysts, the level of AI adoption by industrial enterprises has increased from 19% to 31% over the past two years. Another 39% of enterprises are testing AI technologies. Artificial intelligence has become especially in demand in the energy, oil refining, oil and gas and chemical industries.

IoT Analytics has also identified four trends that will significantly affect the further introduction of AI technologies into the industrial sector.

  • Software tools combining Internet of Things and artificial intelligence (AIoT) technologies are becoming more accessible to industry. About 400 vendors offer AIoT software.
  • The development and maintenance of AI-based solutions is simplified. Automated machine learning is becoming a standard supplier offering.
  • AI is being implemented into existing applications and use cases. Legacy software vendors are adding artificial intelligence features.
  • The equipment for industrial AIoT is being improved. Hardware chips have appeared on the market to support the development and deployment of artificial intelligence models.

Alexander Butusov

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