How big is the Industrial AI Software Market?

The Industrial AI Software Market size is expected to reach USD 114.68 billion in 2024 and grow at a CAGR of 35.97% to reach USD 532.96 billion by 2029. Read More

What is the current Industrial AI Software Market size?

In 2024, the Industrial AI Software Market size is expected to reach USD 114.68 billion. Read More

Who are the key players in Industrial AI Software Market?

IBM Corporation, Intel Corporation, Nvidia Corporation, Microsoft Corporation and Siemens AG are the major companies operating in the Industrial AI Software Market. Read More

Which is the fastest growing region in Industrial AI Software Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial AI Software Market?

In 2024, the Asia Pacific accounts for the largest market share in Industrial AI Software Market. Read More

What years does this Industrial AI Software Market cover, and what was the market size in 2023?

In 2023, the Industrial AI Software Market size was estimated at USD 73.43 billion. The report covers the Industrial AI Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial AI Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Industrial AI Software Market Size & Share Analysis - Industry Research Report

Industrial AI Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Industrial AI Software Market is Segmented by Type (Cloud-Based and On-Premise) and End-User Industries (Automotive and Transportation, Healthcare and Life Science, Aerospace and Defense, Energy and Utilities, Retail and Consumer Packaged Goods, and Other End-User Industries) and Geography (North America, Europe, Asia-Pacific, Latin America and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Industrial AI Software Industry Overview

The industrial AI software market exhibits semi-fragmented and comprises several key players, including Siemens AG, Nvidia Corporation, and Cisco Systems, among others. Market dominance is currently concentrated among a select few major players who employ strategic collaborations to expand their market presence and enhance profitability.

In June 2023, Intrinsic, an Alphabet company, announced a partnership with Siemens to explore integrations and interfaces between Intrinsic's robotics software, designed to facilitate seamless utilization of AI-based capabilities, and Siemens Digital Industries, renowned for its interoperable and open portfolio for industrial production automation and management.

In February 2023, Mastek, a reputable digital engineering and cloud transformation partner, joined forces with Netail, an innovative AI-driven retail software solutions provider. Their strategic alliance aims to empower e-commerce and Omni-channel retailers to optimize their retail value chain while attracting, converting, and retaining digital consumers. Combining Mastek's extensive expertise in digital commerce and data analytics with Netail's cutting-edge AI technology, which plays a pivotal role in decision-making related to product selection, pricing, and customer engagement, will result in a synergistic retail solution. Together, Mastek and Netail will provide online retailers with personalized merchandising, a deeper understanding of consumer behavior, an efficient user experience, a flexible assortment strategy, and real-time market visibility.