Europe Artificial Intelligence Market Introduction

The advent of modern machines powered with artificial intelligence have simplified the day-to-day tasks and strongly influenced end user organizations from a range of industries including automotive, retail, and healthcare. Artificial intelligence is a technology which incorporates human-thinking ability with machine intelligence to perform tasks or to process data to generate actionable insights for decision-making.

Market Dynamics

Continuous development of cloud computing infrastructure has a positive impact on the artificial intelligence market growth. Moreover, increase in the application of artificial intelligence in big data along with the rise in digitization across verticals are projected to accelerate the market growth during the forecast period. However, lack of skilled staff and insufficient regulatory framework are anticipated to hamper the growth of artificial intelligence market in the region.

Market Trends

Prominent players are inclined towards collaborating with other technology experts to drive innovation and introduce advanced artificial solutions. Moreover, key players such as IBM, Facebook, and Google are aimed at offering open AI-platforms to promote their brands. Further, emerging markets across the globe are inclined towards developing new strategies to keep up with the speed of artificial intelligence related economic transformations.

Market Scope

The Europe artificial intelligence market can be bifurcated by technology category and verticals. Based on technology category, the market can be segmented into computer vision, machine learning, smart robotics, and other segments. By verticals, the Europe artificial intelligence market can be segmented into manufacturing sector, retail, telecommunication sector, healthcare, media and entertainment sector, and other sector.

Regional Outlook

Major regions covered in the Europe artificial intelligence market are Western Europe and Eastern Europe. In Western Europe primary markets such as UK, Germany, Italy, France, Spain, and rest of Western Europe has been analyzed, whereas in Eastern Europe artificial intelligence market major countries such as Russia, Poland, and rest of Eastern Europe has been covered.

Europe Artificial Intelligence Market Competitive Landscape

Key players operating in the Europe artificial intelligence market are aimed at investing into AI research and development to launch advanced solutions. Prominent players analyzed in the market includes Facebook, Banjo, CloudMinds, Apple Inc., Iris AI, Google Inc., Next IT, SoundHound, AIBrain, Salesforce.com Inc., Amazon, IBM Corporation, iCarbonX, Anki, Twitter Inc., Intel Corporation, and Zebra Medical Systems.

This research report on Europe 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.