Global Artificial Intelligence in Energy Market | Growing Demand for Data Integration and Visual Analytics to Boost Market Growth | Technavio
The global artificial intelligence in energy market size is poised to grow by USD 8.06 billion during 2020-2024, decelerating at a CAGR of almost 48% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201016005415/en/
Technavio has announced its latest market research report titled Global Artificial Intelligence in Energy Market 2020-2024 (Graphic: Business Wire)
The global artificial intelligence in energy market is driven by the growing demand for data integration and visual analytics. Rising proliferation and complexity have made the process of deploying and maintaining reliable data interfaces difficult. Therefore, enterprises around the world are adopting data integration solutions. AI allows real-time synthesis of data to facilitate real-time analysis for effective decision-making. Thus enterprises can monitor, transform, and deliver data; understand business processes; and bridge the gap between businesses and IT. Similarly, AI helps energy companies integrate technical and business process data from different sources and convert it into meaningful business insights. With the exponential increase in data volume, the need for analyzing, transforming, monitoring, and interpreting data has become a priority for business operations.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Increasing Adoption of Cloud-based Solutions will be a Key Market Trend
Increasing adoption of cloud-based solutions is one of the major trends being witnessed in the global artificial intelligence in energy market. With the increasing applications of robotics in repetitive and risky tasks, end-users are increasingly seeking avenues to ensure the elimination of limitations of industrial automation and robotics technologies. These limitations arise due to factors such as cost, computational capacity, storage, size, power supply, motion mode, and working environment. Thus, the adoption of cloud-based Al solutions is increasing in the energy sector to enhance the capabilities of existing systems.
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Artificial Intelligence in Energy Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Five Forces Analysis
Market Segmentation by Solution
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
How MIoT is Critical to Adressing COVID-19 and Pandemics
IoT Transportation Solutions for Government Agencies