Advent of new technologies, reduced size and increased speed has shown a new era to the computer world. Due to this fact Artificial Intelligence (AI) has come into existent which can behave more like a human mind. An intelligent software or computer controlled robots think in the same manner a human being can. Their increasing application across different domains such as media and advertising, healthcare, manufacturing, retail and automotive among others is boosting its market growth globally.

From friend recommendation to job recommendation and filtering the emails you want to or don’t want to receive comes under rely on AI. Now artificial intelligence can do the things which a drone can do. They can predict where epidemics can occur. The areas such as Computer Science, Linguistics, Mathematics, Biology, Psychology, and Engineering are used to build an intelligent system. From speech recognition to handwriting recognition among others falls under the range of artificial intelligence.

Some of the major factors driving the artificial intelligence market are rising demand for unmanned aerial vehicles, autonomous cars, civil aviation for vehicle tracking, and monitoring and auto control. Ongoing research and development is also expected to boost the growth AI market globally. Adoption of ITS (intelligent tutoring systems) in the learning process is also one of the factors supporting the market growth of artificial intelligence market.

Artificial Intelligence market is segmented into by technology, by end user industry, by offering and by geography. The technology segment covers Deep Learning, Querying Method, Context-Aware Processing, Robotics, Digital Personal Assistant and Natural Language Processing whereas end user segment covers Manufacturing, Oil and Gas, Agriculture, BFSI, Transportation and Automotive, Retail and Others. Products and services are covered under by offering segment. North America, Europe, Asia Pacific and Rest of the World (RoW) is covered under by geography segment.

Some of the major players in the artificial intelligence market are Google Inc., IBM Corp., Qlik Technologies Inc., MicroStrategy, Inc., Brighterion, Inc., Microsoft Corporation, IPsoft, Rocket Fuel Inc., 24/7 Customer, Inc., and Next IT Corp. among others. 

The key takeaways from the report

  • The report will provide detailed analysis of Artificial Intelligence Market with respect to major segments such as product type, area of protection, and distribution channel
  • The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
  • Comprehensive analysis of market dynamics including factors and opportunities of the global Artificial Intelligence Market
  • An exhaustive regional analysis of Artificial Intelligence Market from 2015 to 2024 has been included in the report
  • Profile of the key players in the Artificial Intelligence Market, will be provided, which include key financials, product & services, new developments and business strategies

Artificial Intelligence Market Scope:

By Technology

Robotics

Digital Personal Assistant

Querying Method

Deep Learning

Natural Language Processing

Context-Aware Processing

By Offering

Products

  • Hardware
  • Software

Services

  • Training
  • Installation
  • Support and Maintenance

By End-User Industry

Agriculture

  • Crop Monitoring
  • Automated Irrigation/Harvesting (GPS-Enabled) Systems
  • AI-Guided Drones

BFSI

  • Wealth Management
  • Fraud Detection
  • Automated Virtual Assistants

Manufacturing

  • Robot-Integrated CIM systems

Healthcare

  • Health Assistance and Medical Management
  • Drug Development

Retail

  • Product Recommendations
  • Autonomous In-Store Robots

Oil and Gas

  • Exploration and Production (E&P) Life Cycle

Media and Advertising

  • Facial Recognition Advertising
  • Customer Self-Service

Transportation and Automotive

  • Autonomous Guided Vehicles
  • Infotainment Human-Machine Interface

Others (Law, Education)

  • Legal Informatics
  • Virtual Mentor

By Geography

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific

Rest of the World

  • South America
  • Middle East
  • Africa

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