Artificial Intelligence Market Introduction
In the last few decades, it has been observed that competency of traditional growth factors such as labor and capital investment have been ineffective in driving the economic growth. This has raised the need for a transformative set of technologies that have a potential to overcome the limitations—of traditional drivers of production i.e. labor and capital investment—and create new growth opportunities.
Exponential growth in data volume along with continuous advancements in cloud computing are anticipated to drive the artificial intelligence market growth across the globe. In developing countries such as China and India infrastructure need to be upgraded to adapt AI which in turn is anticipated to incur in high cost. This is anticipated to hinder the market growth during the forecast period.
Government organization of several countries such as the US and South Korea is focused towards investing into AI research and development to drive innovation. In addition, to ensure that the AI systems must augment and enhance human productivity rather than be replacing them. For instance, the Government of South Korea has been investing in a self-learning and language analysis namely ExoBrain from 2013.
The artificial intelligence market can be segmented by technology category and end-user verticals. Based on technology category, the global artificial intelligence market can be bifurcated into machine learning, smart robotics, computer vision, and other segments. By end user verticals, the artificial intelligence market can be segmented into telecommunication sector, media and entertainment sector, manufacturing sector, retail, healthcare, and other sector.
Artificial Intelligence Market Competitive Landscape
Artificial intelligence is rapidly gaining traction across the world. Prominent players are focused towards technological advancements to introduce enhanced solutions ranging from virtual assistants to fraud detection. Key vendor analyzed in the market includes AIBrain, Amazon, Anki, Apple, Banjo, CloudMinds, Facebook, Google, IBM, iCarbonX, Intel, Iris AI, Next IT, Salesforce, SoundHound, Twitter, Zebra Medical Systems.
The research study would provide an in-depth assessment of the Artificial Intelligence Market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as technology, end user, and region included in this research report scope.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on artificial intelligence market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.