Artificial Intelligence Market size was estimated at $53.3 Million in 2019 and is expected to reach $759.9 Million by 2027, growing at a CAGR of 46.2% during the forecast period of 2020 to 2027.
Artificial Intelligence Market Growth Factors
Artificial Intelligence Market Segmentation
Artificial Intelligence Market Country Analysis
Artificial Intelligence Market Share and Competition
• Key companies operating in this industry are: Alphabet (Google Inc.), Apple Inc., Baidu, IBM Corporation, IPsoft, Microsoft Corporation, Micro Strategy, Inc., NVIDIA, Qlik Technologies Inc., Verint Systems Inc. (Next IT Corp)
Report Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Technology Analysis (Revenue, USD Million, 2020 - 2027)
• Machine learning
• Natural language processing
• Image processing
• Speech recognition
Industry Vertical Analysis (Revenue, USD Million, 2020 - 2027)
• Media & advertising
• BFSI
• IT & Telecom
• Retail
• Healthcare
• Automotive & transportation
• Others (agriculture, law, educational institutions)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Artificial Intelligence Market Companies
• Alphabet (Google Inc.)
• Apple Inc.
• Baidu
• IBM Corporation
• IPsoft
• Microsoft Corporation
• MicroStrategy, Inc.
• NVIDIA
• Qlik Technologies Inc.
• Verint Systems Inc. (Next IT Corp)
Available Versions:-
United States Artificial Intelligence Market Industry Research Report
Europe Artificial Intelligence Market Industry Research Report
Asia Pacific Artificial Intelligence Market Industry Research Report
Artificial intelligence implies a form through which a machine can pay personified with human intelligence. It incorporates many processes through which it is made possible such as machine learning, adaptive learning, deep learning and natural language processing. Artificial intelligence spelling scenes shooting health care, automobile, cloud computing, collaborative sectors and office premises. There isnt a field which has not been aced by artificial intelligence. The market is surging rapidly and with no bounds. The increased awareness and demands of digitalization, cloud services, and data technology has led to a growth in the global market of Artificial Intelligence. It also includes data technology solutions which are propelled by machines and humans, though th error factor in th former can be reduced to a much higher extent. Data interpretation through machine learning and growing demands of Artificial intelligence in Industrial sector have been key factors in increasing demands. It also provides a path to lower the manpower and labour force as It can be replaced effectively by perfectly simulated machines, this method can be a blueprint to evolved sectors and economy. An integrated and advanced source of Artificial intelligence can change the way in which data is processed, managed and implemented. These perks have surged in more people from different sectors. On the contrary, lack of proper knowledge and skilled building hands can bring down this target and growth. Artificial intelligence also comes with a thin risk of data sharing which is concerning, this can also yank down the demand in the market. However, if more countries adopt Artificial intelligence in its functioning and contribute its bit to the growth, the demands can be furthermore increased.
Alteryx, a Self-service data Analytics Platform, unveiled its new Analytics Process Automation Platform on 28 June 2020. The company launched this new technology to boost business outcomes for tech companies around the globe.
The Artificial Intelligence Sub-division of Amazon.com says its new technology ‘Distance Assistance’ is under process, which will give people the ease to maintain the 6-feet distance among each other. Brad Porter, Vice President and Amazon Engineer, informed that the company is working to open source this new technology so that the people will be able to create their personal Distance Assistance according to their needs.
Microsoft Corp. has announced its new partnership with the SAS analytics firm to create new technology for the people according to their needs regarding AI in June 2020. Scoth Guthrie, an Executive Vice president of Clouds and AI at Microsoft, elaborated, “Through this partnership, Microsoft and SAS will help our customers accelerate growth and find new ways to drive innovation with a broad set of SAS Analytics offerings on Microsoft Azure.”
Facebook Inc. is working on its new AI technology that will be able to block or hide hateful content that is published on the platform, with no exceptions for the politicians. Zuckerberg says that Facebook will be much more secure than before as we have upgraded our policies.
