The Onset of Industry 5.0 through AI Orchestration

The global Artificial Intelligence (AI) orchestration market is anticipated to grow at a CAGR of 32.9% during the forecast period (2024-2031). The market growth is driven by the increasing consumer demand for AI orchestration across the globe. The rise of responsible AI due to its capability to transform modern business management is also contributing significantly towards market growth. For instance, in September 2023, OvationCXM launched the next generation of its CXMEngine platform, generative AI that is fully integrated to give businesses ground-breaking capabilities to personalize consumer experiences through special data and insights and improved operational efficiencies. CXM platform that involves connectivity to the partner ecosystem, conversational AI, knowledge delivery, and journey orchestration.

Browse the full report description of “Artificial Intelligence (AI) orchestration Market Size, Share & Trends Analysis Report by Component (Solution, and Services), by Absorber Type (Lithium Bromide and Ammonia), by Power Source (Direct Fired, Indirect Fired, and Water Driven), and by Application (Chemicals, Food & Beverages, Power, Paper & Pulp, power & energy and Others), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/artificial-intelligence-ai-orchestration-market

The global artificial intelligence (AI) orchestration market is segmented on the component (into solution and services), deployment mode (into on-premise and cloud), application (into customer service orchestration, infrastructure orchestration, manufacturing orchestration, workflow orchestration, and others), organization size (into large enterprises, and small and medium-sized enterprises), industry vertical (into IT and telecommunications, manufacturing, healthcare, BFSI, consumer goods and retail, government and defense, energy and utilities, and others) and geographies (into North America, Europe, Asia Pacific and the Rest of the World). 

Market Highlights

• The cloud segment is expected to capture a significant market share attributed to the increase in the adoption of cloud-based AI orchestration owing to its lower cost and simpler management.

• Additionally, large enterprises are expected to hold a considerable market share, due to the growing adoption of AI. 

• For instance, in June 2023, Wallaroo.AI launched early access to its production ML platform's ML Workload Orchestration functionalities. Based on customer data, the unique capability enables AI teams to extend their Machine Learning (ML) workflows by 5–10x while additionally saving up 40.0% of their weekly time. It additionally facilitates automation, scheduling, and execution of combined data and ML inferencing workflows across the production process. 

• Asia-Pacific is anticipated to hold a prominent market share owing to the raising funds for 6G R&D, encouraging innovation in key areas such as integrated circuits and AI, and driving companies to adopt cloud services.

• Apart from Asia-Pacific, the North American region is anticipated to grow at a considerable CAGR during the forecast period. The growth is attributed to the rising anticipation of Industry 5.0 across the region.

• According to the National Institute of Health, in August 2023, 6G is expected to be utilized to automate various domains such as health, production, education, transport, business, and infrastructure.  

The major companies serving the global AI orchestration market include Appian Corporation Inc., BMC Software, Inc., CA Technologies, Cisco Systems, Inc., Cloud Software Group, Inc., and others.  The market players are contributing significantly towards market growth by the adoption of various business strategies. For instance, in June 2023, Databricks, entered into a definitive agreement to acquire MosaicML, by enabling businesses to develop, manage, and secure generative AI models utilizing personal data, Databricks and MosaicML intend to render generative AI available to all types of businesses. The total transaction value, including retention benefits, is almost $1.3 billion. However, the industry growth is restrained by the threat to data security.

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