Global Artificial Intelligence Market: Acceptance of ITS (Intelligent Tutoring Systems) In the Learning Process Noticed by Variant Market Research

According to the latest report published by Variant Market Research, the global artificial intelligence market size is projected to reach $43.2 Billion by 2024 from $1 Billion in 2016. In this report, artificial intelligence market forecast says that the global market is growing at 59.8% CAGR from 2017 to 2025.

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Growing demand for unmanned aerial vehicles, autonomous cars to drive the global market

The global artificial intelligence market trend includes acceptance of ITS (intelligent tutoring systems) in the learning process, growing demand for unmanned aerial vehicles, autonomous cars, and civil aviation for vehicle tracking, monitoring & auto control. Though, absence of low-cost and energy-efficient hardware which restraints its acceptance among small & medium businesses may hinder the artificial intelligence market growth. Moreover, constant R&D, & execution of ITS (intelligent tutoring systems) in the learning process would provide an opportunity for players of artificial intelligence market industry.

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Market Segmentations

The global artificial intelligence market is classified into technology, end-user, and geography. Technology segment includes deep learning, natural language processing, machine learning, and machine vision. Further, the market is classified on basis of end-user into healthcare, law, BFSI, retail, advertising & media, automotive and transportation, manufacturing, agriculture, and other end-users. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, South Korea, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Natural language processing, by technology dominated the global market in 2017

Natural language processing held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Increasing action of NLP for the advancement of consumer services in retail sector is also expected to support the growth of this segment.

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Healthcare, by end-user dominated the global market in 2017

Healthcare held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Artificial intelligence and healthcare, together provide a boost to the market over the coming years. Rising application of AI technologies in drug discovery, disease diagnosis, & patient care is the driving factor for the growth of this segment.

North America dominated the global market in 2017

North America held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Widespread applications of AI in several end-use industries like media & advertising, transportation & automotive, agriculture, BFSI, consumer electronics, and retail, among others is the driving factor for the growth of this market in North America.

Competitive Landscape

Key players are offering innovative products and services to increase their artificial intelligence market share. Major players of the market are IBM Corporation, Google Inc., Microsoft Corporation, Next IT Corp., NVIDIA Corporation, Intel Corporation, Qlik Technologies Inc., Brighterion, Inc., MicroStrategy, Inc., and IPsoft, among others.

Scope of the Global Artificial Intelligence Market

Technology Segments

• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision

End-User Segments

• Healthcare
• BFSI
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Other End-Users

Geographical Segments

North America

• U.S.
• Canada
• Mexico

Europe

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

Asia-Pacific

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

Rest of the World

• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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