PLEASANTON CA, Sept. 30, 2021 (GLOBE NEWSWIRE) -- The latest study titled "Global Artificial Intelligence in Manufacturing Market Ecosystem By Components; By Deployment; By Technology; By Application; By Device; By Region; By End Users (Logistics, Healthcare, Automotive, Retail, BFSI, Defence, Aerospace, Oil & Gas, Others) Forecast by 2027" published by AllTheResearch, features an analysis of the current and future scenario of the global Artificial Intelligence (AI) in Manufacturing Market. The Global Artificial Intelligence (AI) in Manufacturing Market was valued at USD 2.1 Bn in 2020 and is expected to reach USD 11.5 Bn by 2027, with a growing CAGR of 27.2% during the forecast period. The Artificial Intelligence in manufacturing market is forecasted to grow at a high rate owing to the accelerating innovations in industrial IoT and automation. The manufacturing industry is expected to be among the market leader in the artificial intelligence market. Further, the manufacturing industry is also expected to display the fastest growth during the forecast period due to rapid digital transformation to promote smart solutions in factories, logistics and management.

Robotic Process Automation (RPA) Technology Growing Rapidly With Key Trends #RPA has improved and revolutionized the ways in which organizations cater to #ITsupport, #remoteinfrastructure, and administer their business and back-office work. RPA enables companies to boost their capabilities and save money and time and allows companies to process a #transaction, manipulate data, and #communicate with other #digitalsystems.

Global AI in Computer Vision- Significantly Growing with Emerging Trends The major driving factor behind the growth of computer vision is the huge amount of data generated in day to day life. The accuracy rates of object detection have been increasing with an increase in new hardware and algorithms in computer vision. From 50% accuracy to 99%, computers are reacting more quickly than humans to visual inputs. Features like Topology for Custom-tailored eyewear, MTailor for making custom fitted pants and shirts, Pottery Barn for virtual look of new furniture at homes with 3D models, self-driving vehicles, and cashier less supermarkets - all are a result of computer vision Know more @ https://lnkd.in/gj72e9J

The global image recognition market was valued at USD 22,429.7 million in 2018 and is expected to reach USD xx million by 2026, growing at a CAGR of 18.4% during the forecast period. Image recognition is a method for collecting, processing, and scrutinizing images. Image recognition gathers a huge amount of data from the real world to generate symbolic or numerical information. The growth of the image recognition market is primarily driven by the increasing application of facial recognition in the financial industry and growing demand for security applications integrated with image recognition functions. Moreover, an upsurge in the usage of big data analytics across every industry vertical where image recognition plays a vital role is expected to create opportunities for the global image recognition market over the forecast period.