Global Artificial Intelligence Market
Growth Opportunities in the global artificial intelligence market look promising over the next six years. The growing adoption of cloud-based applications and services and the rising big data globally are key factors driving the growth of the global artificial intelligence market.
Introduction of the Artificial Intelligence Market:
The global artificial intelligence market is projected to grow at a robust CAGR of 30.1% from 2019-2026. Global Artificial Intelligence Market generated revenues of USD XX million in 2018 and is anticipated to reach USD XX million in 2026.
Artificial Intelligence (AI) is human intelligence demonstrated by machines that are particularly programmed to think like humans and mimic their actions. AI is a blend of various technologies, such as deep learning and machine learning, which support the creation of hardware and software used for numerous purposes, include reasoning, problem-solving, linguistic intelligence, and perception. It is rapidly changing to benefit several industries, such as the financial, healthcare, and automotive industries. Artificial Intelligence improves productivity, reshapes economies, enhances efficiency, and reduces costs by bringing a conceptual change in every industry.
Artificial Intelligence Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The growing adoption of cloud-based applications and services and the rising big data globally are the factors surging the growth of the global artificial intelligence market. The advanced AI technologies are rapidly improving the performance of businesses, economies, and various industries. The strong demand for intelligent virtual assistants across numerous verticals in multiple industries will boost the growth of the global artificial intelligence market share in terms of revenue. The improved integration of image recognition technology with pattern matching, optical character recognition, and face recognition in various end-use applications, including self-driving cars, drones, and robotics, will energize the growth of the artificial intelligence market size in the upcoming years.
According to artificial intelligence market forecast, several multinational giants are widely emphasizing on mergers and acquisitions with increasing start-ups to capture the highest market share and gain competitive benefit over the other market organizations. For example, in 2017, Microsoft Corporation purchased Maluuba focusing on advancements in the deep learning and AI landscape. The increasing AI technologies will create various growth opportunities in the market, thus attracting many customers to opt for AI-based solutions at a global level. Additionally, the strong demand for AI-powered industrial robots in emerging countries such as Japan and China will further accelerate the growth of the global artificial intelligence market during the forecast period. On the other edge of the spectrum, the factors restraining the growth of the global Artificial Intelligence (AI) market in the upcoming years include lack of application of AI in complex models, the difficulty in data labeling, followed by the limited number of AI experts.
Key Players of the Global Artificial Intelligence Market:
- Intel Corporation
- NVIDIA Corporation
- Samsung
- Xilinx
- Micron Technology, Inc.
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services (AWS)
Artificial Intelligence Market Segmentation:
Segmentation by Offering:
- Hardware
- Processors
- MPU
- GPU
- FPGA
- Others
- Memory
- Network
- Processors
- Software
- AI Platforms
- Application Program Interface (API)
- Machine Learning Framework
- AI Solutions
- On Premises
- Cloud
- Services
- Deployment & Integration
- Support & Maintenance
- AI Platforms
Segmentation by Technology:
- Machine Learning
- Deep Learning
- Supervised Learning
- Unsupervised Learning
- Reinforcement Learning
- Generative Adversarial Networks (GANS)
- Others
- Natural Language Processing (NLP)
- Context-Aware Computing
- Computer Vision
Segmentation by Type:
- Narrow/Week AI
- General/Strong AI
Segmentation by End-User:
- Healthcare
- Patient Data & Risk Analysis
- Lifestyle Management & Monitoring
- Precision Medicine
- Inpatient Care & Hospital Management
- Medical Imaging & Diagnostics
- Drug Discovery
- Virtual Assistant
- Wearables
- Research
- Manufacturing
- Material Movement
- Predictive Maintenance and Machinery Inspection
- Production Planning
- Field Services
- Reclamation
- Quality Control
- Automotive
- Autonomous Driving
- Hmi
- Semiautonomous Driving
- Agriculture
- Precision Farming
- Livestock Monitoring
- Drone Analytics
- Agricultural Robots
- Others
- Retail
- Product Recommendation and Planning
- Customer Relationship Management
- Visual Search
- Virtual Assistant
- Price Optimization
- Payment Services Management
- Supply Chain Management and Demand Planning
- Others
- Security
- Identity and Access Management
- Risk and Compliance Management
- Encryption
- Data Loss Prevention
- Unified Threat Management
- Antivirus/Antimalware, Intrusion Detection/Prevention Systems
- Others
- Human Resources
- Virtual Assistant
- Applicant Tracking & Assessment
- Personalized Learning and Development
- HR Analytics
- Job Recommendation
- Sentiment Analysis
- Marketing
- Social Media Advertising
- Search Advertising
- Dynamic Pricing
- Virtual Assistant
- Content Curation
- Sales & Marketing Automation
- Analytics Platform
- Others
- Law
- Ediscovery
- Legal Research
- Contract Analysis
- Case Prediction
- Compliance
- Others
- Fintech
- Virtual Assistant
- Business Analytics & Reporting
- Customer Behaviour Analytics
- Others
- Construction
- Project Management
- Field Management
- Risk Management
- Schedule Management
- Defence
- Warfare Platform
- Cyber Security
- Target Recognition
- Battlefield Healthcare
- Simulation & Training
- Planning & Allocation
- Threat Monitoring & Situational Awareness
- Information Processing
- Other
- Aerospace
- Smart Maintenance
- Flight Operations
- Training, Surveillance
- Virtual Assistants
- Dynamic Pricing
- Manufacturing
- Others
- Supplychain
- Fleet Management
- Supply Chain Planning
- Warehouse Management
- Virtual Assistant
- Risk Management
- Freight Brokerage
- Others
- Building Automation
- Consumer
- Food & Beverage
- Gaming
- Media and Entertainment
- Telecommunication
- Predictive Maintenance & Machine Inspection
- Customer Analytics
- Network Security
- Network Optimization
- Self-Diagnostics
- Virtual Assistance
- Others
- Oil & Gas
- Predictive Maintenance & Machine Inspection
- Material Movement
- Production Planning
- Field Services
- Quality Control
- Reclamation
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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