Acumen Research and Consulting recently published report titled "Artificial Intelligence in Manufacturing Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030" BEIJING, July 11, 2022 (GLOBE NEWSWIRE) -- The Global Artificial Intelligence in Manufacturing Market size accounted for USD 2,963 Million in 2021 and is estimated to reach USD 78,744 Million by 2030. The rising volume of complex data sets is the leading factor boosting the global artificial intelligence in manufacturing market revenue. Our worldwide artificial intelligence in manufacturing industry analysis suggests that the manufacturers require artificial intelligence (AI) in their facilities due to the surging need for enhanced productivity and automation. AI is being used by manufacturers to enhance day-to-day operations, introduce new products, personalize designs, and forecast future financials. According to an MIT survey, about 60% of industry players are already using artificial intelligence.

The global Machine Learning in Manufacturing research report includes data on the world's largest manufacturers, exporters, and service providers.

Conversely, enduring technological advancements such as smarter AI chips and others by key players is expected to create lucrative opportunities for …

The global internet of things (IoT) in manufacturing market size was USD 27.76 Billion in 2018 and is projected to reach USD 136.83 billion by 2026, exhibiting a CAGR of 22.1% during the forecast period. The internet of things (IoT) in manufacturing comprises mechanical and electrical parts, advanced sensors, network connectivity architecture, controls, software applications, and smart devices that work together to collect and share real-time information between machines and humans. The internet of things (IoT) in manufacturing industry is gaining robust growth due to the rising adoption of AI (Artificial Intelligence) and other connected devices based on machine learning (M2M, M2P). Implementation of IoT technology in manufacturing industry is providing several organizations with new opportunities including digital transformations techniques and is enabling them to upgrade the current running operations by creating and tracking new business models. Furthermore, IoT solutions help in providing manufacturers a comprehensive vision to monitor complexities keep on arising at every intermediate point in the manufacturing process and assist in developing real-time adjustments.