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The global artificial intelligence in manufacturing market is expected to reach USD 20.8 billion by 2028, with a CAGR of 45.6% from 2023-2028. This growth is driven by the rising need to handle large and complex datasets and the emergence of industrial IoT and automation technologies. Machine learning technology is expected to dominate the market, with its ability to collect and handle big data and its applications in predictive analytics, machinery inspection, quality control, and cybersecurity. Major players in the market include Siemens, IBM, Intel Corporation, NVIDIA Corporation, and General Electric.
