Increase in investment in AI technologies, rise in demand for analyzing and interpreting large amount of data, and surge in adoption of AI in emerging market are expected to propel the global AI market.
The North American market is the most productive as compared to others with diverse industry verticals implementing artificial intelligence to a greater extent. Moreover, various new startups are investing in AI technologies, as demand for cloud applications is increasing to analyze large amount of data. Further, it is projected to generate the highest market revenue over the forecast period with predominant deployments in the IT & telecom and BFSI industries.
The artificial intelligence market accounted for $4,065.0 million in 2016, and is expected to reach $169,411.8 million by 2025, growing at a CAGR of 55.6% from 2018 to 2025.
Significant improvements in commercial aspects of artificial intelligence (AI) advancements and deployment in dynamic artificial intelligence solutions are propelling industry growth. Rapid improvements in high computing power have contributed to the rising adoption of AI and robotics in end-use industries like IT, automotive, healthcare, and manufacturing. Furthermore, the need for recognizing and scrutinizing visual content in order to gain deeper insights is expected to boost the uptake of artificial intelligence technologies over the forecast period.
The market report provides an in-depth analysis of the major market players such as Apple Inc., Alphabet (Google Inc.), IBM Corporation, Baidu, Microsoft Corporation, IPsoft, NVIDIA, MicroStrategy, Inc., Verint Systems Inc (Next IT Corp), and Qlik Technologies Inc.
The global AI market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2018, contributing nearly half of the market. However, the market across Asia-Pacific is projected to manifest the fastest CAGR of 59.4% during the forecast period.
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Based on industry vertical, the market is divided into media & advertising, BFSI, it & telecom, retail, healthcare, automotive & transportation, and others. The IT & telecom segment dominated the market in 2016, contributing more than one-fifth of the market. Moreover, the segment is projected to register the fastest CAGR of 56.8% during the forecast period.
The global AI market is divided on the basis of technology, industry vertical, and geography. Based on technology, the market is segmented into machine learning, natural language processing, image processing, and speech recognition. The machine learning segment held the largest share in 2016, contributing more than half of the market and expected to maintain its dominance throughout the study period. Moreover, the segment is projected to register the fastest CAGR of 56.4% during the forecast period.
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CHAPTER 1: Introduction
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: Executive summary
2.1. CXO perspective
CHAPTER 3: Market overview
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market share analysis, 2017
3.5. Market dynamics
184.108.40.206. Increase in investment in AI technologies
220.127.116.11. Growth in demand for analyzing and interpreting large amounts of data
18.104.22.168. Increased customer satisfaction and increased adoption of reliable cloud applications
Pandemic disrupted the entire world and affected many industries.
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