According to this study, the global artificial intelligence market is expected to grow at the strong growth rate of 45.9% to reach USD 34.6 billion by 2025. This proposed study provides comprehensive analysis based on industry’s growth potential, market drivers, barriers, future opportunities, key players’ market strategies, and detailed qualitative analysis for industry segments. Strategic analyses such as Porter’s five forces, PEST analysis, leading companies’ market share (value %), and value chain analysis will also be included which will help you to take strategic decision with respect to this market.
Artificial intelligence is an artificial creation of human-like intelligence that can perceive, learn and process natural languages. This fact has brought immense growth opportunities for artificial intelligence industry in developed as well as developing regions. In future, the acceptance of artificial intelligence is likely to grow due to the rapid advancement in technologies and its potential to change the digital world. Currently, adoption of artificial intelligence is growing rapidly in sectors such as targeted therapies, healthcare diagnostics, public safety, transportation and service robots, however, this will be applied in more areas in a future period. Furthermore, the emergence of Big Data and Internet of Things has provided a healthy platform for the development of AI industry, driving the market growth. On other side, challenges faced by AI industry are lack of transparency, an issue on data quality, safety and security which is anticipated to pull back the market growth to some extent.
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Key Takeaways:
1. Constant rise in research and development activities coupled with advancement in technologies is driving the market growth at rapid pace
2. Software segment accounted for the largest share of the global market. Software engineering plays an important role in the successful application of AI techniques. Google Cloud Platform, Astro, and Braina are some of the artificial intelligence based software.
3. Deep learning, a powerful machine learning and statistical technique, is projected to dominate the market with approximately 30% share in 2025.
4. The U.S. and China are at the forefront of the development of AI-based new products and technologies. Increasing research and development activities coupled with new innovations has supported the market growth in these countries.
5. Google LLC, NVIDIA Corporation, and Baidu, Inc. are some of the major operating players in this market
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Global Artificial Intelligence Market: Snapshot
MARKET, BY TYPES
1. Software
2. Hardware
3. Services
MARKET, BY TECHNOLOGY
1. Machine Learning
2. Natural Language Processing
3. Deep Learning
4. Machine Vision
MARKET, BY APPLICATION
1. Banking and Financial IT Services
- Portfolio Management
- Risk Assessment
- Financial Research
- Others
2. Healthcare
- Virtual Nursing Assistants
- Robot Assisted Surgery
- Hospital Workflow Management
- Clinical Trial Participant Identifier
- Automated Image Diagnosis
- Others
3. Advertising & Media
4. Automotive & Transportation
5. Manufacturing
6. Agriculture
7. Others
MARKET, BY REGION
1. North America (U.S. and Canada)
2. Europe (France and Germany)
3. Asia Pacific (India and China)
4. Middle East and Africa
5. Latin America
6. Rest of the World
Key players profiled in this report with special attention on competitive landscape includes, (can be further customized to include additional 10 profiles of companies):
1. Lifegraph
2. Cyrcadia Health
3. Google LLC
4. NVIDIA Corporation
5. Baidu, Inc.
USP of our key vendor analysis:
1. Well-designed strategic framework design for these key players will help to understand the market movement including regional expansion, mergers & acquisitions, and new product developments
2. Thorough SWOT i.e. Strength, Weakness, Opportunities and Threat for individual company profiling is analyzed in order to present a detailed market opportunity assessment.
Key benefits of the report:
1. The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
2. A thorough analysis of relevant statistical data to estimate the market paradigms
3. Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
4. Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
Research Methodology:
1. Preliminary Data Mining: Secondary Research, Paid Databases, Primary Research
2. Data Synthesis & Analysis: Top-Down Approach, Bottom-Up Approach, Supply Side and Demand Side
3. Market Formulation: Market Dynamics, Total Addressable Market and Machine Learning Technique
4. Data Verification: Quality Assurance and Reach a Conclusion
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About Us
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