Global Artificial Intelligence Market Overview :
Global artificial intelligence market is estimated to reach $59.5 Billion by 2025; growing at a CAGR of 49.3% till 2025.Artificial Intelligence helps machines to learn from experience, and to think & perform human-like tasks. Artificial intelligence is important as it accomplishes incredible accuracy, it learns through progressive learning algorithm, it analyzes real-time data, and it automates repetitive learning. It is used in various domains such as manufacturing, healthcare, sports, and retail.
Global Artificial intelligence Market: Growth Factors
The growth of the market is driven by varied application areas and enhanced productivity. Moreover, rising advancement in the field of the AI and adoption of big data are also driving the market growth. However, the main limitation of Ai is that it learns from the data; it means that slight inaccuracy in data might as well reflect in the result. Moreover, the lack of a skilled workforce and data security might hinder the growth of the market.
Global Artificial intelligence Market: Segmentation
The global artificial intelligence market is mainly classified on the basis of type, application, and geography. On the basis of type, the market is categorized as an artificial neural network, digital assistance system, embedded system, expert system, and automated robotic system. Based on application, the market is divided into image recognition, deep learning, digital personal assistant, smart robots, querying method, language processing, gesture control, speech recognition, context-aware processing, cyber security, and video analysis.
Global Artificial intelligence Market: Regional Analysis
Based on geography, the global artificial intelligence market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa
Global Artificial intelligence Market: Competitive Players
Key players operating in the market include MicroStrategy, Inc., QlikTech International AB, IBM Corporation, Google, Inc., Brighterion, Inc., Microsoft Corporation, IntelliResponse Systems Inc., Next IT Corporation, eGain Corporation, and Nuance Communications.
Artificial intelligence Market Key Segments:
- Artificial Neural Network
- Digital Assistance System
- Embedded System
- Expert System
- Automated Robotic System
- Image Recognition
- Deep Learning
- Digital Personal Assistant
- Smart Robots
- Querying Method
- Language Processing
- Gesture Control
- Speech Recognition
- Context-Aware Processing
- Cyber Security
- Video Analysis
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South KoreaRest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- MicroStrategy, Inc.
- QlikTech International AB
- IBM Corporation
- Google, Inc.
- Brighterion, Inc.
- Microsoft Corporation
- IntelliResponse Systems Inc.
- Next IT Corporation
- eGain Corporation
- Nuance Communications
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market