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
2016 to 2024.
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Growth
in demand about unmanned aerial vehicles, autonomous cars to fuel 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. Moreover,
their increasing application across different domains such as media and
advertising, healthcare, manufacturing, retail and automotive in the countries
such as Singapore, Nepal, and Pakistan boost the growth of this market over
coming years. 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 create new
opportunities for the players of the
global market.
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Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/artificial-intelligence-market/toc
Market Segmentations
The
global artificial intelligence market has been categorized into technology, end-user, and
geography. Technology segment contains deep learning, natural language
processing, machine learning, and machine vision. On basis of end-user, the
market is classified 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 held highest market share
of the global market in 2016
Natural language processing held for
the highest market share in 2016,
owing to the growing operation
of NLP for the advancement of consumer services in retail sector.
Healthcare, expected to achieve highest CAGR in end-user segment over the forecast period
Healthcare is
anticipated to grow at the highest growth rate over the forecast period, 2016– 2024. The
growth of the segment is attributed to mounting application of AI technologies
in drug discovery, patient care, & disease diagnosis.
North
America was the leading region in the global market in 2016
North America held for the highest market share in 2016 and expected to continue its
dominance over the forecast period, 2016– 2024. Widespread applications of AI in numerous end-use
industries including agriculture, media & advertising, transportation &
automotive, BFSI, consumer electronics, and retail, among others is the key driving
factor for the growth of this market in North America.
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Competitive Landscape
Key players are offering innovative products and
services to increase their artificial intelligence market share. Major players of the market are NVIDIA Corporation, IBM Corporation,
Google Inc., Microsoft Corporation, Next IT Corp., 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
Variant
Market Research offers syndicated and customized reports to fulfill clients'
objectives. We also provide customized data pack proposing market sizing in an
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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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